UK May Need Digital Pound, Bank of England's Jon Cunliffe Says

The deputy governor at the central bank said he understands the comparisons made – and showed support for U.K. efforts to bring crypto into the scope of regulation.

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The Global Economy Comes Before Savers: ECB President Christine Lagarde Defends Negative Interest Rates

The European Central Bank President Christine Lagarde is keeping the central bank’s monetary easing policies unchanged according to her statements from a press conference last Thursday. Moreover, the central bank’s Twitter account recently shared a video of Lagarde defending negative interest rates, as the bank’s President stresses that they “support companies and people in the […]

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Chinese online retail giant JD.com adopts digital yuan for salary payments

Chinese e-commerce company JD.com has upped its support for the country’s central bank digital currency.

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74% Of U.S Investors Believe Bitcoin Is A Bubble: Bank Of America Survey

Bitcoin’s institutional adoption has been off the charts in the past year, with Wall Street finally jumping aboard the Bitcoin bandwagon. However, a new report has revealed that only a few believe in its potential, despite the public show of support and heavy investment.

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UK bank Revolut adds support for 11 new crypto tokens

UK-based banking service provider Revolut has announced a total of 11 new crypto asset… The post UK bank Revolut adds support for 11 new crypto tokens appeared first on Coin Journal.

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Bitcoin Weekly Outlook: Crucial Support Promises $60,000-Breakout

Bitcoin shrugged off a significant week prior as the Federal Reserve, Bank of England, and Bank of Japan declared their interest rate decisions and monetary policy guidance.

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Central Bank of Ghana Launches Regulatory Sandbox Pilot for Blockchain and Financial Projects

Ghana’s apex bank has revealed a sandbox test launch to support the growth of blockchain-based and financial-related services.   Sandbox Launched to innovate Ghana Financial Services The central bank revealed this development in a recent press release.

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Switzerland: 177-year-old Private Bank to Support Cryptocurrency Trading

A 117-year-old Swiss private bank, Bordier & Cie SCmA, is incorporating Sygnum Bank’s B2B banking platform to extend its offerings and include cryptocurrencies, a press release on Feb 24 shows.

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Nigeria: IMF voices support for central bank's decision on cryptos

Thanks to the exponential growth recorded by the cryptocurrency market lately, regulators around the world are realizing that they may have to fast-track the process of issuing guidelines with respectThe post Nigeria: IMF voices support for central bank's decision on cryptos appeared first on AMBCrypto.

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Central Bank of Ireland Guv: Bitcoin investors could lose ‘all their money’

Although major entrepreneurs have shown their support for Bitcoin, regulators, at least in Ireland, seem to have taken a step away from the asset. According to the governor of the Irish central bank, The post Central Bank of Ireland Guv: Bitcoin investors could lose ‘all their money’ appeared first on AMBCrypto.

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Top-tier Chinese cities announce support for digital Yuan trials

Multiple Chinese are planning to underpin pilots of the country’s sovereign central bank digital currency dubbed Digital Currency Electronic Payment (DCEP). These plans are part of the cities’ government work plans for the year.

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French Central Bank Settles $2.4 Million Simulated Monetary Shares in CBDC Pilot

Banque de France has announced that it successfully settled €2 million (US$2. 43 million) worth of simulated monetary shares on a private blockchain network as part of its CBDC pilot. The central bank, which has previously expressed openness to the idea of CBDCs, said that the pilot began on Dec 17 with the support of private […] The post French Central Bank Settles .

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Former PBoC Governor: China Doesn’t Have ‘An Ambition to Replace Existing Currencies’

China’s former head of the central bank said digital yuan could be useful for cross-border trade and support its efforts to promote yuan as an international currency. Zhou Xiaochuan, who stepped down as governor of the PBOC in 2018, spoke at the Shanghai Financial Forum on Friday.

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AAX to support 11 global currencies for deposit and withdrawal

Users will be able to purchase cryptocurrencies on AAX as long as they have a bank account. They can also cash out their crypto to their bank account.    To facilitate users’ access to cryptocThe post AAX to support 11 global currencies for deposit and withdrawal appeared first on AMBCrypto.

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Crypto exchange AAX to support 11 global currencies for deposit and withdrawal

To facilitate users’ access to cryptocurrencies, high-performance crypto exchange platform AAX will be supporting 11 different fiat currencies for direct deposit and withdrawal via bank transfer from December 2020.

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Spain: BBVA Bank to Support of Crypto Trading and Custody Is Imminent

According to sources, BBVA, the second-largest bank in Spain–with an estimated $840 billion of assets under management, is planning to offer crypto trading and custody services first in Switzerland as per a CoinDesk report on Dec 7.

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Digital Yuan gains major support after initial airdrop

China has airdropped $3 million worth of its Digital Yuan, and the central bank…

The post Digital Yuan gains major support after initial airdrop appeared first on Coin Journal.

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Ripple Wants To Work With Central Banks To Introduce CBDCs Support On XRP Ledger

What a year — the coronavirus pandemic that has taken the lives of millions of people around the world, economic uncertainty, and the unemployment numbers that have continued to skyrocket. As a result, governments are increasingly interested in central bank digital currencies in an effort to address the pandemic’s financial ramifications. For many years, CBDCs […]

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Ripple Partner TransferGo Rakes in 5 Million EUR from Silicon Valley Bank

One of the global leaders in digital payments, TransferGo, has received 5 million EUR support from Silicon Valley Bank to expand its real-time payments service

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Belarus: Belarusbank Unveils Bitcoin Purchase Service, Ether and Litecoin Support to Follow

A major Belarus bank plans to offer bitcoin (BTC) purchases. Plans to Add Support for Other Cryptocurrencies In an official announcement made today, one of the largest credit institutions in Belarus, Belarusbank stated that it had inked an alliance with OTC broker White Bird to give customers the option to buy bitcoin directly from theRead MoreRead More.

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Chile's CMF now working with Central Bank on crypto-regulations

Even though the idea of cryptocurrencies has been to provide financial independence to people, for worldwide adoption, crypto will require support from world governments. This is an important step sinThe post Chile's CMF now working with Central Bank on crypto-regulations appeared first on AMBCrypto.

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Switzerland: Sygnum Bank Unveils Support for Tezos (XTZ) Trading and Staking

Tezos (XTZ) staking receives backing from major Swiss bank. Sygnum Launches XTZ Staking Support Switzerland-based regulated bank, Sygnum recently announced the launch of staking support for Tezos (XTZ), an open-sourced blockchain protocol having the backing of more than 1,300 global validators, researchers, and developers.

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Sygnum becomes the first-ever bank to roll out Tezos staking

Sygnum has become the first regulated bank to launch Tezos (XTZ) staking. The bank unveiled this news via an official announcement on November 6, noting that this move means that it will see it support secure custody, trading, credit, and staking services for the coin.

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PayPal Going Global with Crypto Services and CBDC Support in 2021

The CEO of payments giant PayPal has revealed more details about the firm’s lofty cryptocurrency ambitions at a recent Q3 earnings call. PayPal CEO Dan Schulman expanded on its plans to aggressively push into the crypto sector next year, which included support for central bank digital currencies (CBDCs).

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Huawei’s Flagship Phone, Mate 40, Will Support China’s Digital Currency Wallet On Launch

Huawei announces support for the upcoming Chinese central bank digital currency in its upcoming flagship smartphone, Mate 40. The smartphone will include a hardware wallet for the digital renminbi, a Weibo post stated.

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Mongolian bank will soon start offering crypto services

Trade & Development Bank of Mongolia, also known as TDB Bank, reportedly plans to start offering crypto-related services. The Ulaanbaatar-based bank aims to add support for crypto custody, deposits, loans, remittance, and asset management.

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Southeast Asia’s Largest Bank DBS Plans to Launch a Cryptocurrency Exchange

The Singaporean multinational banking and financial services corporation DBS published an announcement revealing it was launching a cryptocurrency exchange. The announcement was later removed by the company, but crypto proponents have learned about the upcoming support for assets like bitcoin, ethereum, and bitcoin cash.

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Public support needed to launch a CBDC in Japan

According to an official from the Bank of Japan, the central bank won’t be...

The post Public support needed to launch a CBDC in Japan appeared first on Coin Journal.

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Bank of Japan Needs New Legislative Mandate to Issue CBDC

Amid ongoing central bank digital currency (CBDC) research efforts, the Bank of Japan (BOJ) may require a new legal prerogative to issue digital yen. Apart from legislative changes to support a possible CBDC issuance, these amendments to the BOJ’s roles and responsibilities may also affect other policies like inflation and job creation.

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Digital Bank Revolut Taps Fireblocks to Support New Crypto-Based Services

Announced Thursday, Revolut will use Fireblocks’ platform to offer new cryptocurrency services for its retail customers

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Ripple (XRP) price breaks key support

The Ripple (XRP/USD) price is attempting to recover today after tumbling more than 5% yesterday to close below the key support at $0. 23. The plunge in price came despite the partnership between India’s biggest bank, HDFC Bank Limited, with RippleNet.

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Bitcoin Price Analysis - Bulls attempt recovery

A bullish recovery attempt has begun to form near the US$10,000 psychological support. In the months to come, Bitcoin may reach new highs swiftly as quantitative easing and global central bank money printing surge to unparalleled levels.

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Ripple-Powered Money Tap Attracts Support from Another Major Japanese Bank

SBI's Money Tap payment app powered by Ripple has been joined by another big Japanese bank, Higo, that belongs to Kyushu Financial Group

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Zimbabwe’s Mobile Money on Life Support as Central Bank Tightens Screws: Restrictions to Affect P2P Bitcoin Trading

Zimbabwe’s Mobile Money Operators (MMO) say they will comply with the latest directive by the central bank to shutdown mobile money agents. In addition, the MMOs will also limit mobile money transactions to $50 (Zwl $5,000) per day while users are now restricted to one mobile money account per person.

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Digital Yuan Effect? The Federal Reserve Bank of Boston Is Evaluating Over 30 Blockchains for Digital Dollar

Syncing with one of the hottest trends of the year and building on previous researches, the Federal Reserve Bank of Boston is said to be evaluating over 30 blockchains to determine whether they would support a digital dollar reports CoinDesk on Aug 24.

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Boston Federal Reserve Seeks Top Blockchain Networks That Could Support A Digital Dollar

The Federal Reserve Bank of Boston partnership with Massachusetts Institute of Technology (MIT) is currently testing over 30 blockchain projects to find the best one for a digital dollar. The tests aim at finding an already established project instead of building it from scratch with the Fed looking for a stable, secure, and scalable blockchain […]

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Boston Fed Is Looking at

The Federal Reserve Bank of Boston is evaluating more than 30 different blockchain networks to determine if they would support a digital dollar

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China’s nationwide blockchain to add support for stablecoins

China appears to be in the final phases of testing its CBDC, digital yuan. The country recently expanded the tests to new cities, and its central bank revealed that the coin is only used for small retail transactions at this time.

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Major South Korean Bank Joins the Crypto Custody Business

We’re suddenly seeing banks lining up to support crypto custody, and KB Kookmin Bank is looking to get in on the action.

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Ex-Chinese Banking Exec Says CBDCs Will Substitute Cash in Circulation

A former Bank of China executive has shown his support for digital currencies, positioning it as a substitute for cash, widely known in economic circles as M0. Ex-vice president of China’s central bank, Wang Yongli, said that digital currencies should substitute all currencies “as much as possible”.

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Bank of England Taps Accenture to Update Real-Time Gross Settlement Service to Support CBDCs

The Bank of England (BoE) has appointed an Irish tech consultancy giant, Accenture, to assist in the renewal program for its Real-Time Gross Settlement Service (RTGS). We can today announce that @AccentureUK is the Technology Delivery Partner for the RTGS Renewal Programme https://t.

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Stimulus Is Failing: Global Banks to Break Support Levels, US Dollar Plummets to 2-Year Low

Central banks worldwide have injected further stimulus into the economy, as European Union (EU) leaders recently approved a $2. 1 trillion budget, the Bank of England boosted stimulus injections in mid-June, and the Federal Reserve announced on Wednesday that it would keep lending until the end of the year.

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Bank of England Building Payments Network to Support a Potential Digital Pound

CoinDesk has learned the Bank of England's new settlement system is being built so it can be forwards compatible with a digital currency.

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Crypto security infrastructure provider METACO raises $17M in Series A

METACO, a provider of security-critical digital asset infrastructure for financial institutions, today announced a Series A round of $17 million. The round was oversubscribed, with demand over double the initial target, proving continued support from existing investors combined with significant interest from new strategic partners in security technology, central bank infrastructure, Swiss and global banks, […] CryptoNinjas: Crypto security infrastructure provider METACO raises $17M in Series A

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Public Mint Launches Its Blockchain; Over 200 Banks Plan to Support Its Digital Money

vPublic Mint, a firm founded by CNET founder Halsey Minor, has announced the launching of its ‘fiat-native’ public blockchain, which enables anyone to easily tokenize fiat money of any amount whether they have a bank account or not.

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Bitcoin is Money, But Not a New Type of Money; It’s An Exchange Mechanism: NY Fed Reserve

“Bitcoin Is Not a New Type of Money,” says the Federal Reserve Bank of New York in its latest paper, where it talks about bitcoin instead of being a new type of exchange mechanism that can support the transfer of monies and other things.

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Fed Policy Responses

Unlike an initially hesitant Fed during the Great Depression, the central bank has been swift and decisive to support the financial system this time around.

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Dutch Central Bank Gives Crypto Firms Ultimatum to Register

De Nederlandsche Bank has issued an ultimatum to all domestic cryptocurrency service providers offering fiat support to register with the institution by May 18.

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Ripple’s XRP Token Gets Custody, Trading, Credit Support From Sygnum Bank

In an announcement dated April 30, 2020, the world’s first digital asset bank, Sygnum, stated that it had launched Ripple’s XRP protocol digital token on its platform. Sygnum Bank Introduces Support for XRP Switzerland-based Sygnum Bank AG has announced the availability of  the XRP token for custody, trading, and credit services on its banking platform.

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