2022-1-18 12:19 |
A new report from EY highlights the need for a policy change for banks to overcome business uncertainties regarding digital assets. origin »
Bitcoin price in Telegram @btc_price_every_hour
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South Africa’s First National Bank (FNB) bank has announced that it will be shutting down accounts linked to cryptocurrency exchanges. In the process of cracking down on cryptocurrencies, banks themselves are experiencing the heat of negative interest rates and billions in fraud.
2019-11-20 14:16 | |
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The US Federal Reserve Governor Lael Brainard said yesterday that Facebook must overcome a “core of legal and regulatory challenges” before facilitating payments with its ‘cryptocurrency’ Libra.
2019-10-17 13:44 | |
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In Argentina, performing international bank transactions can be problematical and expensive, particularly international money transfers. To overcome these issues, Banco Masventas, a provincial bank, now offers Bitcoin-based money transfers.
2019-7-26 10:54 | |
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Bitcoin started out in the underbelly of economic recession and bailing out failing banks. Its journey began with the sole intention to overcome the centralized control and to build a better financial system.
2019-6-30 14:30 | |
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Bitcoin is a product of desperation, created at a time when governments were preparing to bailout banks, the asset represents an understanding of monetary policy and banks operation. It’s gaining traction and set to become true money in less than a decade.
2019-3-29 12:10 | |
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The digital currency ETF is a big part of the debate in a recent Bloomberg interview which had JP Morgan’s Asset Management Head of International ETFs, Bryson Lake on the panel. The interview looked at how JP Morgan believes in the latest mover advantage in terms of the digital currency market and ETFs.
2018-10-12 12:00 | |
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A recent report released by the Policy Department of the European Parliament explains how central bank-issued cryptocurrencies outcompete Bitcoin. EU Parliament Draws Up Battle Plans Against Bitcoin A recent report from the Policy Department of the European Parliament, titled Competition Issues in the Area of Financial Technology (FinTech), warns about some of the challenges Bitcoin will have to overcome.
2018-7-24 02:00 | |
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In late 2009, Bitcoin founder Satoshi Nakamoto ushered in a groundbreaking approach to money by championing a digital payment system free from third-party intermediaries and governmental control.
2018-7-9 19:37 | |
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The Czech National Bank, the central bank of the Czech Republic, has established a $1 million digital asset portfolio pilot, with plans to hold Bitcoin, a stablecoin and tokenized asset.
Despite growing buzz around crypto, only 3% of central banks plan to hold Bitcoin reserves over the next decade, according to OMFIF’s latest survey. Bitcoin (BTC) may be gaining traction globally, but only a sliver of central banks are planning…
Cecilia Skingsley will leave her role as head of the BIS Innovation Hub next month, cutting short her five-year term by two years amid a broader leadership reshuffle at the central bank body. The Bank for International Settlements digital currency…
The Central Bank of Brazil has initiated the second phase of its central bank digital currency project, DREX, aiming to demonstrate trade finance as a new use case. In a press release on Nov. 19, Brazil’s central bank announced it…
According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)…
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.