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Thailand Sees Rising Adoption of Cryptocurrencies as Means of Payment — Warns of Risks
Bank of Thailand says a growing number of companies are asking for payments in cryptocurrencies, such as bitcoin and ether. The central bank reiterates its stance on crypto and warns of the risks of using them as a means of payment. дальше »
2021-7-11 02:30 | |
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Bank of Thailand Warns Against Using Digital Assets as Payment for Goods and Services
The central bank of Thailand is currently busy with the development of a CBDC and is focused on forming policy guidelines to regulate stablecoins for more reliable digital payment channels. The post Bank of Thailand Warns Against Using Digital Assets as Payment for Goods and Services first appeared on BitcoinExchangeGuide. дальше »
2021-7-9 17:17 | |
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Using crypto for payments is very risky, Thai Central Bank warns
While some countries like Argentina are looking to propose laws for the use of Bitcoin for salary payments, other countries are more critical of cryptocurrency. The Bank of Thailand (BoT) has cautioned against the use of digital assets like Bitcoin (BTC/USD) and Ethereum (ETH/USD) for the payment of goods and services. дальше »
2021-7-10 15:43 | |
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Thailand's central bank warns against using digital currencies for payments
The BOT said it may be forced to coordinate with the Securities and Exchange Commission to ensure crypto payments do not pose "extensive risks to the general public or the economic and financial system." дальше »
2021-7-8 19:20 | |
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UBS Advises ‘Stay Clear’ of Cryptocurrencies — Warns ‘Regulators Will Crack Down on Crypto’
Switzerland’s largest bank, UBS, has advised investors to “stay clear” of cryptocurrencies and “build their portfolio around less risky assets. ” The UBS analysts warned that “Regulators have demonstrated they can and will crack down on crypto. дальше »
2021-7-6 04:00 | |
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Indonesia: Central bank gov. warns banks against 'not legitimate' cryptocurrencies
With people from the crypto-community rejoicing over El Salvador’s official Bitcoin adoption, skepticism from other nations has managed to re-surface, with Indonesia being the latest to voice concerThe post Indonesia: Central bank gov. дальше »
2021-6-16 20:30 | |
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BoE Governor Advocates Stablecoins but Warns of Crime Risk
The Bank of England (BoE) Governor Andrew Bailey has elaborated on his views towards stablecoins and Central Bank Digital Currencies (CBDCs) at an annual City UK conference. The post BoE Governor Advocates Stablecoins but Warns of Crime Risk appeared first on BeInCrypto. дальше »
2021-6-16 18:40 | |
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Bitcoin And Cryptos Are “Dangerous” And “Could Be Worth Nothing”, Bank Of England Boss Bailey Warns
Andrew Bailey, the Bank of England governor has said that the bank is focusing on stable coins which are backed by real-world assets and not on other crypto-assets which are “dangerous” and “could be worth nothing. дальше »
2021-6-16 21:44 | |
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JPMorgan Warns of Incoming Bitcoin Bear Market Citing ‘Unusual Development’ in Futures
Investment bank JPMorgan Chase has warned of a further bitcoin price decline, expecting an incoming bear market. The bank’s analysts look at the trend in bitcoin futures and see “an unusual development and a reflection of how weak bitcoin demand is at the moment from institutional investors. дальше »
2021-6-14 02:30 | |
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Bank of Namibia Warns Crypto Traders It ‘Will Not Entertain Complaints’ if They Get Scammed
The Bank of Namibia (BON) has warned individuals investing in cryptocurrencies that it will not entertain their complaints should they get scammed. The institution argues that since its mandate does not currently cover digital currencies, it lacks the “legal power” to follow up on such complaints. дальше »
2021-6-12 01:30 | |
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Deutsche Bank Warns: Ignoring Rising US Inflation Akin to ‘Sitting on a Time Bomb’
Deutsche Bank published a report Monday noting that the United States is facing “the very real specter of consumer-driven inflation. ” The bank’s chief economist David Folkerts-Landau and others notably highlight the Federal Reserve’s monetary easing policy and recent tolerance toward higher inflation. дальше »
2021-6-8 18:00 | |
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Hainan Province Warns Investors Against Illegal Crypto Fundraising Schemes
Chinese regulators in the Hainan province have warned residents not to involve themselves in cryptocurrency-related fundraising activities, as they are illegal in the island province. Hainan Cautions Against Illegal Crypto-Related Fundraising Activities According to Reuters on Thursday (June 3, 2021), a report by Nanguo Metropolis Daily stated that the local branch of China’s central bank,Read More дальше »
2021-6-6 19:00 | |
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ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’
The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a digital currency would endanger financial stability, ECB warns. дальше »
2021-6-4 02:00 | |
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Ireland: Central Bank Official Warns Against Popularity of Cryptocurrencies
According to Derville Rowland, a leading official at Ireland’s central bank, the increasing popularity of cryptocurrencies like Bitcoin is of grave concern. The central bank’s CFO stated that crypto assets are speculative unregulated investments, and individuals have to be really aware that they can lose the entire investment. дальше »
2021-6-1 23:00 | |
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Leveraged Crypto Trading is a Threat to Financial System, Warns Bank of Korea
Earlier this week, head of South Korea’s central bank Lee Ju-yeol warned that leveraged crypto trading was a threat to the country’s financial system. “An excessive level of leveraged cryptocurrency trading puts households at risk of financial damages considering the instability of [crypto],” he said. дальше »
2021-5-28 11:41 | |
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Argentina’s Central Bank Warns of ‘Significant Financial Losses’ from Crypto Investing
The people of Argentina are actually investing in crypto to hedge themselves against the devaluation of its fiat currency peso, which has lost 80% of its value in the past four years. The post Argentina’s Central Bank Warns of ‘Significant Financial Losses’ from Crypto Investing first appeared on BitcoinExchangeGuide. дальше »
2021-5-22 19:06 | |
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Iran Warns Crypto Investors Amid Ban on Bitcoin Mined Outside Its Borders
The Central Bank of Iran has issued a warning against unrestrained crypto trading and reminded investors that only cryptocurrencies minted by licensed miners in the Islamic Republic can be used under limited circumstances. дальше »
2021-5-9 00:30 | |
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Sri Lanka’s Crypto Regulation: Central Bank Warns of Cryptocurrency Risks, Unlicensed Exchanges
The Central Bank of Sri Lanka has published a warning notice about the risks associated with cryptocurrency as interest and trading volumes of bitcoin and other cryptocurrencies surge locally and globally. дальше »
2021-4-12 06:15 | |
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Sri Lanka’s central bank warns public against risks of crypto investment
The central bank listed four chief concerns, including the lack of legal recourse in the event of investor disputes and possible violations of foreign exchange regulations when purchasing crypto from abroad. дальше »
2021-4-9 12:26 | |
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Bank of England Governor Warns Cryptocurrencies Won’t Last
The governor of the Bank of England, Andrew Bailey, believes that no existing cryptocurrencies will last. Talking about the design, governance, and arrangements of “a lasting digital currency,” the head of England’s central bank said, “I don’t think cryptocurrencies as originally formulated are it. дальше »
2021-1-27 03:15 | |
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As FCA Warns UK Crypto Investors, HSBC Halts Transfers
The Financial Conduct Authority (FCA) has issued a statement warning cryptocurrency investors that “they should be prepared to lose all their money. ” The news hit right after HSBC, a British multinational investment bank, announced that local cryptocurrency traders and investors would no longer be allowed to transfer funds between their accounts and cryptocurrency exchanges. дальше »
2021-1-11 20:46 | |
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Earth needs Bitcoin as economy hits ‘debt saturation point’ — Keiser
Earth is reaching a historic “inflection point,” Keiser warns after Singapore’s central bank admits that more debt is not an option for anyone. дальше »
2020-9-23 16:35 | |
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Bank of England Governor Warns of Risky Bitcoin, Mulls Stablecoins
In a speech to the Brookings Institution on Thursday, September, 3, the head of the Bank of England warned about digital currencies like Bitcoin. He said that the leading crypto has “no connection” to money. дальше »
2020-9-3 21:29 | |
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Goldman Sachs Warns US Dollar Risks Losing World Reserve Currency Status, Gold and Bitcoin Soar
Goldman Sachs has warned that the U. S. dollar may lose its status as the world’s reserve currency. The investment bank is bullish on gold as fears over governments debasing their fiat currencies grow and real interest rates are pushed to all-time lows. дальше »
2020-7-28 20:35 | |
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Central Bank of Oman Warns Public Against Cryptocurrency Investment
The Central Bank of Oman (CBO) has issued a warning to the country’s citizens regarding investments in cryptocurrencies and related products. It should be noted that the country itself is not particularly anti-cryptocurrency, but still has yet to legalize cryptocurrencies. дальше »
2020-7-21 19:15 | |
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Deutsche Bank Warns Of Disaster Worse Than Pandemic That Could Completely Kill Bitcoin
In a new report, Deutsche Bank ominously says there’s a strong likelihood of a disaster far worse than the recent pandemic coming over the next ten years. At least one of the scenarios could put an end to Bitcoin. дальше »
2020-6-18 18:00 | |
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BOE Warns of Mega Recession, $100 Billion in Lender Losses
The Bank of England is anticipating that the coronavirus will see the UK economy shrink by more than it has over the last 300 years. The institution also warns that lenders could see losses of up to $100 billion caused by loan defaults. дальше »
2020-5-8 09:21 | |
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Chinese Central Bank Warns Against Crypto Trading Due to Market Manipulation, Bots
Bank of China, a Chinese central bank, is continuing with its anti-crypto campaign, this time the bank has issued a long post in its official WeChat account lashing on crypto exchanges. According to Cointelegraph, the post which was released on March 22 is titled “3. дальше »
2020-3-24 20:42 | |
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Media Warns People Not to Take ‘a Bunch of Cash Out of the Bank’
Even though it’s your money, major news outlets are warning consumers not to take it out of the bank amid the coronavirus outbreak. As the coronavirus panic continues, many people have been anxious to take out cash from the bank. дальше »
2020-3-21 15:15 | |
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Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor
In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project and global stablecoins. дальше »
2020-3-2 20:45 | |
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Dow Flatlines While Jamie Dimon Warns of Fed Policy ‘Trap’
The Dow Jones flatlined on Wednesday as the stock market's enthusiasm was cooled by Jamie Dimon's trepidation over a central bank "trap." The post Dow Flatlines While Jamie Dimon Warns of Fed Policy ‘Trap’ appeared first on CCN.com дальше »
2020-1-23 23:29 | |
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German central banker warns against a digital euro
The head of Germany’s central bank, Dr. Jens Weidmann, told Handelsblatt that the European Union should refrain from launching a digital euro. Instead, banks should improve their payment services to compete with the growing cryptocurrency market. дальше »
2020-1-15 20:00 | |
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Here’s Why Trump Threatening Iraq of Losing Their Oil Reserves is Bullish for Bitcoin
Iraq could lose access to its critical government bank account if they kick out American forces, warns Trump administration according to Iraqi officials. The reports came after US airstrike killed a top Iranian general, Qassem Soleimani at Baghdad International Airport. дальше »
2020-1-12 18:40 | |
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Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns
The latest global debt wave is the largest in the past five decades, the World Bank has acknowledged in a new report. The international institution notes that previous waves of broad-based debt accumulation lead to widespread financial crises. дальше »
2020-1-10 12:45 | |
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Bitcoin’s Hashrate Rises and Rises as World Bank Warns of Debt Crisis
Bitcoin’s hashrate has broken all records, rising to 120 quintillion calculations a second (petahashes) for the first time ever. That makes it a three fold increase for this year, up... The post Bitcoin’s Hashrate Rises and Rises as World Bank Warns of Debt Crisis appeared first on Trustnodes. дальше »
2020-1-9 19:33 | |
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European Central Bank Chair Warns Malta Authorities; Strengthen Crypto Regulations
Malta's Crypto Island, was recently called out by European authorities. Andrea Enria, the European Central Bank’s (ECB) chair of the supervisory board, recently asked the local authorities to monitor the growth of the local crypto industry. дальше »
2019-10-4 23:43 | |
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Uganda Minister of Finance Warns Against Crypto; They Aren’t Licensed Here And You Own 100% Of Risk
Africa is a strange place. It is a place of third-world culture and first world innovations all coming together in a weird melting pot. Relatively recently, this melting pot added cryptocurrencies to the mix. дальше »
2019-10-1 16:46 | |
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Dow Hiccups as Deutsche Bank Warns US Economy ‘Tipping Into Recession’
The Dow and broader stock market bled lower on Tuesday, pushing Wall Street’s major indices further from their all-time highs in the wake of a titanic disruption to the global oil market. Meanwhile, one Deutsche Bank strategist warns that the market could suffer a reckoning as the US economy lurches closer to a recession. дальше »
2019-9-18 16:35 | |
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Dow Slithers Higher, But ‘Shallow Recession’ Lurks
The Dow crept higher on Monday, as the US stock market began its quest to record a third straight weekly gain amid rampant trade war optimism. However, the top economist at investment bank CLSA warns that the US economy is headed for an unavoidable “shallow recession” that could place the market in a precarious position […] The post Dow Slithers Higher, But ‘Shallow Recession’ Lurks appeared first on CCN.com дальше »
2019-9-10 16:36 | |
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