Latam Central Banks Take the Lead Again on Monetary Front

Central banks in Latin America raised interest rates well before their vaunted Western counterparts, and are now leading again with rate cuts. дальше »

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Ripple’s XRP Making Inroads for Cross-Border Payments Between Japan and Brazil

Major banks in Japan and Brazil are collaborating to develop a new cross-border payment service using Ripple’s XRP cryptocurrency, reports Edo Farina. MUFG Bank, Japan’s largest bank, has signed a partnership agreement with Banco Bradesco, Brazil’s second largest bank, to create a payment channel between the two countries powered by Ripple’s blockchain technology. дальше »

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Why Ripple’s Recovery Will Be Faster Than Anticipated, XRP Expected to Rise to This Price Level

Twitter user BarriC, an expert on Ripple and XRP, posted a series of tweets explaining why he believes XRP is poised for major upside in the near future. Long History of Bank Relationships As BarriC explained, “Ripple has been working with banks since at least 2016. дальше »

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Why Banks and Stablecoin Laws Could Thwart $2.9 Billion Liquidity From Tether Whale

A USDT whale invested $239 million in crypto exchanges. Find out why this may not be enough to save Tether. The post Why Banks and Stablecoin Laws Could Thwart $2.9 Billion Liquidity From Tether Whale appeared first on BeInCrypto. дальше »

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Strong correlation between money invested in crypto and value of Nasdaq, says David Buckham

Everyone has opinions about what the market will do in 2024 – and where to look for the signs. But, for David Buckham (author of The End of Money, Why Banks Fail and The Age of Menace) answers can be found in a surprising place: the Nasdaq. дальше »

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India's Digital Rupee Crossed a Million Transactions in 1 Day With Some Help From Banks

CoinDesk has viewed a letter dated Dec. 29 by the Reserve Bank of India (RBI) Governor Shaktikanta Das to staff that said the usage of the e-rupee (CBDC) "exceeded the milestone of 1 million transactions in a day on Dec. дальше »

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Nigeria’s Central Bank Fleshes Out New Rule Allowing Crypto Firms’ Access to Bank Accounts

Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets. дальше »

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EU Banking Watchdog to Deepen Probe of Links Between Banks, Crypto Entities: FT

The European Banking Authority (EBA) will take additional steps to anticipate how strains in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect banks. дальше »

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Arthur Hayes foresees banking giants overtaking Tether’s stablecoin dominance

Arthur Hayes, former CEO of Bitmex and CIO of Maelstrom, predicted that major banks like JPMorgan will overshadow Tether and other stablecoin companies once they are permitted to issue fiat-backed stablecoins. дальше »

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UBS, Santander and other Euro Banks team up with Fnality to use blockchain for payments

Fnality a company focused on DLT payment systems, has successfully initiated the first phase of its Sterling Fnality Payment System (FnPS). дальше »

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United States edges closer to anti-crypto law as banks and senators side against cryptocurrencies

On December 6th, the United States Congress held its 2023 ‘Annual Oversight of Wall Street Firms’ hearing in Washington D.C. At it, senators heard from the biggest names in American banking: JPMorgan CEO Jamie Dimon, Citigroup CEO Jane Fraser, Bank of America CEO Brian Thomas Moynihan, Wells Fargo president Charles Scharf, BNY Mellon CEO Robin […] дальше »

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Ripple's Metaco and IBM Join Forces, Unveil Game-Changing Crypto Solution for Banks

IBM and Ripple's Metaco have teamed up to introduce game-changing solution for digital asset storage дальше »

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Italy and South Korea central banks reach agreement on CBDC collaboration

On Dec. 5, Italy's Banca d’Italia and South Korea's Bank of Korea have joined forces in a pioneering agreement to share knowledge and collaborate on developing central bank digital currencies (CBDCs) and other financial technologies. дальше »

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Swiss banks issue first digital bonds using real CHF wholesale wCBDC on regulated DLT platform

Swiss banks, Cantons of Basel-City, and Zurich have successfully issued digital bonds using real CHF wholesale central bank digital currency (wCBDC) on SIX Digital Exchange (SDX). This marks the first-ever issuance of this kind, leveraging the Swiss National Bank’s (SNB) wCBDC. дальше »

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Miami Crypto Fraud Case Ends With Crew Leader Receiving 63-Month Prison Sentence

Esteban Cabrera Da Corte, a Miami gang leader, has been handed a 63-month prison sentence by a federal court in New York for orchestrating a cryptocurrency scam that defrauded US banks and a prominent exchange of over $4 million. дальше »

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Colombia’s President Embraces ‘Hodler’ Status, Banks on Country’s Future with Bitcoin and Blockchain

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Central Banks Aren't Sufficiently Ready for CBDC Risks: BIS Report

The introduction of central bank digital currencies could have major implications on the stability, the report said. дальше »

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Miami Crew Leader Sentenced to 63 Months in Prison for Crypto Fraud

In April, Esteban Cabrera Da Corte pleaded guilty to participating in a crypto scheme that defrauded U.S. banks of $4 million. дальше »

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US Banks: Unrealized Losses Surge to Record $684 Billion in Q3

Unrealized losses on investment securities held by US banks reached a record $684 billion in Q3, a 22.5% increase from last year, largely due to rising mortgage rates. The post US Banks: Unrealized Losses Surge to Record $684 Billion in Q3 appeared first on BeInCrypto. дальше »

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CBDCs Will Have a Significant Impact on Central Banks’ Risk Profiles: Report

Learn why the Bank of International Settlements believes CBDCs will force central banks to modify their risk profiles. The post CBDCs Will Have a Significant Impact on Central Banks’ Risk Profiles: Report appeared first on BeInCrypto. дальше »

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CBDC Design Must Address Cyber Risks Says BIS Report

Explore the implications for central banks globally and the call for robust cyber defenses in the age of digital financial transformation. дальше »

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BIS advises central banks to plan in advance for CBDC security

From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.

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Crypto Firms That Act Like Banks Should Be Regulated Like Them, ECB Official Says

But supervision of bank-like crypto firms could be a pain for regulators, said Andrea Enria, chair of the supervisory board at the European Central Bank. дальше »

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Central Banks Have No Interest in Personal Data, BIS Official Says While Promoting CBDCs

The Bank for International Settlements has been calling on countries to prepare for CBDCs as governments face backlash over privacy concerns. дальше »

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JPMorgan, Apollo plan for enterprise mainnet, execs reveal

The ‘enterprise mainnet’ provides the scalability to add applications to a network that already has a KYC-compliant set of institutional banks, broker-dealers and asset managers. дальше »

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HSBC and Hang Seng join Standard Chartered and Fubon Bank in China’s Digital Yuan Pilot

HSBC and Hang Seng Bank have officially joined China’s digital Yuan pilot. HSBC China customers can now utilize their debit cards to access personal digital Yuan wallet services. There have been collaborative efforts between foreign banks and China’s financial authorities. дальше »

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Fed Likely to Be Most Dovish Central Bank in 2024, Research Shows

The Fed is priced to be the most dovish among advanced nation central banks in 2024, with traders anticipating at least 100 basis points of interest-rate cuts. дальше »

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Ripple Excites XRP Army as Metaco Acquisition Brings Banks Closer

Earlier this month, Ripple-owned infrastructure provider Metaco said it was working with banking powerhouse HSBC. дальше »

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Binance onboarded millions into finance but forgot the paperwork — Columbia professor

Binance settlement highlights banks’ and crypto firms’ ambiguous treatment, says Columbia Business School adjunct professor Omid Malekan. дальше »

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Russian Banks Collect Customer Data from Bybit, Bitstamp, OKX Amid Bankruptcy Fears

Several international cryptocurrency exchanges have joined forces with Russian arbitration managers to locate digital assets belonging to debtors amid growing concerns about bankruptcy. According to a Tuesday report by Russian business newspaper Vedomosti, cooperation agreements have already been established with prominent exchanges such as Bybit in Dubai, Bitstamp in Europe, Bitrue in Singapore, Gate.io in […] дальше »

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Bitcoin and crypto overcoming hurdles pre-2024 halving

Quick Take As 2024 approaches, the persistence and resilience of the crypto industry are becoming increasingly apparent. Drawing lessons from traditional finance, banks and corporations have been known to navigate through hefty fines and penalties yet maintain their operations, as evidenced during the Global Financial Crash of 2008. дальше »

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Global Banks Are Betting Big On XRP, Report Shows

Global banks have begun actively integrating crypto assets into their financial operations, and XRP has been one of their top preferences. This news signifies a shift in the skepticism surrounding cryptocurrencies, revealing how some of the world’s leading banks seek to leverage XRP’s fundamental strengths as a cross-border payments system. дальше »

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Canadian authority seeks input from banks on crypto reporting regulations

Canada's Office of the Superintendent of Financial Institutions has initiated a consultation process to develop guidelines for how banks should report their exposure to crypto. дальше »

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Pro-Bitcoin Javier Milei Becomes New President of Argentina

Pro-Bitcoin libertarian Javier Milei has been elected as Argentina's president, defeating economy minister Sergio Massa. His victory is welcomed by the crypto community due to his support for Bitcoin and opposition to central banks. дальше »

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Bitcoin rises as pro-BTC candidate Javier Milei wins Argentine presidency

In a landmark victory, Javier Milei has clinched the presidential seat in Argentina, signaling a potential seismic shift in the country’s economic landscape. Milei, known for his fervent endorsement of Bitcoin and scathing criticism of central banks, has brought a wave of optimism to the crypto market. дальше »

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Crypto Con Artists Busted: Trio Arrested In $10 Million Bank Fraud Scheme

Three individuals find themselves at the center of a complex crypto scam, accused of defrauding New York banks of more than $10 million. In a statement released by US Attorney Damian Williams on Thursday, the trio – Zhong Shi Gao, Naifeng Xu, and Fei Jiang – is alleged to have exploited the financial system between […] дальше »

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Here Are 3 Charts Supporting the Bull Case for Bitcoin

Charts related to global central banks, U.S. financial conditions and the 10-year U.S. Treasury yield suggest the path of least resistance for the cryptocurrency is upward. дальше »

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Singapore central bank to trial live wholesale CBDC for settlements

The Monetary Authority of Singapore has unveiled its plan to launch a live wholesale CBDC used for settlements by local banks.

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FBI uncovers multimillion-dollar crypto fraud scheme

Three individuals have been arrested for defrauding New York-area banks of over $10 million by exploiting security vulnerabilities and converting the stolen funds into crypto. дальше »

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FBI Arrests Trio Accused of Bilking Banks Out of $10M, Converting Funds to Crypto

Three men duped New York-area banks into shelling out more than $10 million and tried to make off with the money by converting it to crypto, U.S. Attorney Damian Williams said Thursday in a statement. дальше »

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Crypto Custody Triumph: Commerzbank Sets Precedent As First Major German Bank To Obtain License

Commerzbank AG, one of Germany’s leading full-service banks, has obtained a crypto asset custody license, marking a significant milestone in the country’s financial landscape.  This regulatory approval positions Commerzbank as the first major German bank to offer comprehensive digital asset services, signifying a growing acceptance of cryptocurrencies within the European banking sector.  Commerzbank Leads The […] дальше »

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Germany’s Commerzbank granted crypto custody licence

Commerzbank has become the first full-service bank in Germany to receive regulatory approval for a crypto custody licence. Commerzbank, among the top four largest banks in Germany, has taken a huge step towards providing its clients access to secure digital assets custody. дальше »

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Despite 80% AI adoption, APAC banks grapple with confidence in scam prevention

The Asia-Pacific (APAC) region, a dynamic hub of banking and payment services, is facing a dual challenge: making notable advancements in fraud prevention while grappling with the evolving sophistication of financial scams. дальше »

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XRP Will Not Become A Stablecoin For Banks After AMM Launch: Expert

In the wake of Ripple’s announcement regarding the integration of an Automated Market Maker (AMM) into the XRP Ledger (XRPL), the community has been abuzz with speculation and debate. Central to this discourse is the potential transformation of XRP in light of this update, particularly in regard to its classification and function as a digital asset. дальше »

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History tells us we’re in for a strong bull market with a hard landing

Consumer debt is at a record high, a fact that will weigh on the market in 2024. Yet, it's safe to say central banks will keep rewriting the rules to keep the economy at full steam. дальше »

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Nobel’s charity trust to lobby CBDCs with new initiative

A newly formed organization will begin a dialogue among central banks to support adapting technical standards of different CBDC solutions. The Nobel Sustainability Trust (NST), a charity established by the members of the Nobel family, is set to push the… дальше »

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UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg

The news comes a day after HSBC, one of the world's largest banks, said it plans to start a digital-assets custody service for institutional clients. дальше »

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Ripple Labs Company Partners With Hong Kong's Biggest Bank

Ripple-owned company will work closely with one of biggest banks in world дальше »

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Australian central bank’s surprise interest rate hike could signal global shift

Quick Take The Reserve Bank of Australia’s (RBA) recent decision to increase their interest rate from 4. 1% to 4. 35% – the first rise since May 2023 – presents an intriguing trend in contrast to the anticipated actions of the Federal Reserve and other Western central banks. дальше »

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Yellen Calls For Deregulation To Enable Easier Money Laundering

From “The Withdrawal Issue”, Richard Greaser of The Bitcoin Bugle is on the beat as Yellen call for deregulating the banking industry and recognizes the special privilege that banks have to facilitate money laundering. дальше »

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