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EU Research: Cryptocurrencies Are Not a Major Threat to Sovereign Currencies
The European Parliament’s Committee on Economic and Monetary Affairs received a Monetary Dialogue titled “Virtual Currencies and Central Banks Monetary Policy: Challenges ahead” recently. The EU Report was confident that cryptocurrencies are “unlikely to challenge the dominant position of sovereign currencies and central banks. дальше »
2018-7-2 20:59 | |
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The European Parliament has told lawmakers not to “ban” or “ignore” cryptocurrencies in a new report released this week, forecasting they “will remains with us for a while.”
Its publication diversifies the broad EU standpoint on the technology, which continues to include legal projects to monitor residents’ usage and clamp down on anonymity. However, they remain unlikely to challenge the dominant position of sovereign currencies and central banks, especially those in major currency areas. In addition to staking its belief in their longevity, дальше »
2018-7-2 17:53 | |
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How Can The Blockchain Revitalise The Food Industry – Research By IBM
Blockchain is the technology behind cryptocurrency, the elusive realm that powers the cryptocurrency markets. Whilst the blockchain was built for the purpose of replacing banks and the ‘middleman’ in financial transactions, the technology powering the blockchain has incredible implications elsewhere. дальше »
2018-7-2 17:30 | |
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Pearl Pay ICO
Pearl Pay is a Virtual Money Logistics System that provides worldclass and yet affordable mobile wallet white-label service for rural banks. Using the latest technology, Pearl Pay will allow rural banks to launch their own virtual prepaid mobile wallet as fast as 30 days. дальше »
2018-7-2 17:20 | |
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New Report Warns EU Policymakers Not to Ban Bitcoin
New research analysis on cryptocurrencies for the Economic and Monetary Affairs Committee of the EU parliament cautions lawmakers neither to ignore nor “attempt to ban” virtual currencies. A ‘Contemporary Form of Private Money’ The report, provided by Policy Department A at the request of the European Union Parliament’s Economic and Monetary Affairs Committee, is titled Virtual currencies and central banks monetary policy: challenges ahead. дальше »
2018-7-2 14:00 | |
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World’s Number One Bitcoin Betting Platform, Sportsbet.io Adds Support Fiat Euro Wagering
Revolutionary bitcoin-based sports betting platform, Sportsbet. io has now made it easier for users to stake with euro on the platform. With this groundbreaking move, users can now deposit and bet with euros on the site, making it much more accessible to everyone. дальше »
2018-7-1 16:35 | |
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South Africa’s Central Bank Sees Ethereum Blockchain Only as ‘Backup’
The South African Reserve Bank (SARB), South Africa’s Central Bank, has concluded a multi-bank project to test bank-to-bank payment transfers using the Ethereum based platform, Quorum. Project Khokha is a collaboration of eight South African banks including SARB, Absa, Capitec, Discovery, Investec, FirstRand, Nedbank, and Standard Bank. дальше »
2018-7-1 01:00 | |
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Bank of England’s PRA Cautions Cryptocurrency Risks to Financial Institutions
United Kingdom’s Central Bank Warns Financial Institutions On The Risks of Cryptocurrencies In a letter to CEOs of banks in the United Kingdom, the Bank of England’s Prudential Regulation Authority (PRA) has reminded them about the risks and the pitfalls of investing in cryptocurrencies and opening the bank to this kind of financial asset. PRA […] дальше »
2018-6-30 07:17 | |
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Poland Bitcoin Community Files Complaint Against Bank Account ‘Denials’
Poland’s cryptocurrency industry lobby group the Polish Bitcoin Association (PBA) confirmed it has complained to regulators about banks’ denial of services to businesses June 27. Banks ‘Aim To Remove Virtual Currency’ In a statement sent to the Office of Competition and Consumer Protection (OCCP), the PBA cites financial institutions closing and denying bank accounts as proof they “clearly aim at removing virtual currency entities from the market. дальше »
2018-6-30 07:00 | |
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Poland: Crypto Industry Group Blasts Banks for Refusing Accounts to Crypto Businesses
Poland: new complaint claims banks have been unlawfully closing or refusing bank accounts of crypto businesses
дальше »2018-6-29 22:32 | |
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U.K. Banks Cautioned to Be Conservative with Cryptocurrencies
The Bank of England has warned U.K. lenders to study cryptocurrencies before doing business in the space. While acknowledging the benefits of the underlying distributed ledger, the deputy governor believes the high price volatility and relative illiquidity of cryptocurrencies are good enough reasons why financial institutions need to be careful when dealing with crypto assets. дальше »
2018-6-29 21:16 | |
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Banks’ Crypto Account Refusals Lead to Polish Bitcoin Association Challenge
An industry group in Poland is attempting to challenge banks that are allegedly refusing to provide services for firms associated with cryptocurrencies. The Polish Bitcoin Association (PBS) has appealed to the Office of Competition and Consumer Protection (OCCP), requesting that the antitrust authority start investigating the alleged restriction of competition. It filed a letter with дальше »
2018-6-29 21:00 | |
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Indian Banks Chooses Ripple Over Other Cryptocurrencies
A recent analysis shows an increase of Ripple products; RippleNet, xCurrent and xRapid, being used among commercial banks in India since the city of Mumbai became home to the Ripple Inc. where they could service the needs of their customers to ensure smooth operations. дальше »
2018-6-29 19:55 | |
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U.K. Banks Warned to Be Careful With Cryptocurrencies
The Bank of England has warned U. K. lenders to study cryptocurrencies before doing business in the space. In a letter sent out to the financial institutions in the country yesterday, the Bank of England Deputy Governor Sam Woods warned financial companies to take appropriate steps to protect themselves against "exposure to crypto-assets" which he believes are susceptible to "fraud and manipulation, as well as money-laundering and terrorist financing risks. дальше »
2018-6-29 18:17 | |
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Decentralized Crypto Exchange Trade.io Starts Promotional Campaign With a $100,000 Luxury World Tour as Prize
Trade.io is a crypto exchange that has been designed to provide an efficient, fair and safe marketplace for the trading of digital crypto assets. Based on blockchain, the platform banks on the immensely high speed, security and low cost of operations to provide services that outpace even the best exchanges today. Disclosure: This is a […] дальше »
2018-6-29 16:30 | |
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Has Bitcoin Lost Its Way?
Sometimes it’s important to step back and look at how cryptocurrencies are changing and adapting. If you compare the journey of cryptocurrency from the very first Bitcoin to the currencies of today, you’d be right in thinking that cryptocurrency in its essence has taken on a bit of an ironic flip. дальше »
2018-6-29 11:30 | |
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BoE: Cryptocurrencies Pose ‘Reputational Risks’
The Bank of England has reportedly cautioned City bosses away from implementing cryptocurrencies into their business plans — citing all the usual reasons one has probably come to expect. ‘Reputational Risks’ “In their short history, crypto-assets have exhibited high price volatility and relative illiquidity,” wrote Bank of England Deputy Governor Sam Woods in a letter to the chief executives of banks, insurers, and fund managers — as reported by The Telegraph, adding: Crypto-assets also raise concerns Read More The post BoE: Cryptocurrencies Pose ‘Reputational Risks’ appeared first on Bitcoinist.com. дальше »
2018-6-29 05:00 | |
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Indian Crypto Exchange Asks Users to Withdraw Funds Before July 5
The Reserve Bank of India (RBI) decided, in a circular issued on April 6, that banks in the country will no longer be allowed to do business with crypto exchanges. The deadline, which expires on July 5, is forcing companies to prepare for the worst. дальше »
2018-6-29 02:00 | |
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Korea Revises Anti-Money Laundering Guidelines for Virtual Currencies
A press release has been published by South Korea’s top financial regulator this week outlining new anti-money laundering (AML) guidelines for virtual currencies. This newest set of amendments to South Korea’s AML guidelines has been drawn out following the completion of a series of on site inspections of three domestic banks by the country’s Financial… The post Korea Revises Anti-Money Laundering Guidelines for Virtual Currencies appeared first on UNHASHED. дальше »
2018-6-29 01:44 | |
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Here are the 3 best ways to spend your precious cryptocurrencies today
Crypto is a miracle investment. It turned thousands of shy forum-loving, game-addicted teenagers into millionaires, while the majority of banks and institutional investors missed the opportunity of their lifetime. дальше »
2018-6-29 00:33 | |
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BOE Warns Banks and Other Firms Against Cryptocurrencies As Prices Continue To Decline
Hard times call for hard measures as they say and on this basis has the Bank of England issued a warning in a written statement to banks in the country saying they need to stay clear of cryptocurrency assets. дальше »
2018-6-29 23:18 | |
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Researchers say time for Central Banks to issue digital currencies, but Cryptos too ‘hot’ for this
In a new financial system research report, economists say the environment is ripe for central banks to issue digital currencies. However, they cautioned against cryptocurrencies, given the high volatility in their prices, which would not be conducive to a national financial system. дальше »
2018-6-28 19:19 | |
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Swiss Banks’ Practices Towards Blockchain Companies Under Scrutiny by Finance Minister
The Swiss Finance Minister, Federal Councilor Ueli Maurer, has set-up a working group under the leadership of the Swiss Banking Association (SBA) to develop recommendations on how banks should deal with. дальше »
2018-6-28 18:00 | |
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Cryptocurrency still cruising as US Federal Reserve Bank Recognizes it
One of the 12 regional Reserve Banks in the US central banking system, The Federal Reserve Bank of St. Louis, have added four cryptocurrencies to its database. Bitcoin, its off-spring from a fork, Bitcoin Cash, Litecoin, and Ethereum are the four cryptocurrencies which were chosen and daily data on their prices will be listed on […] The post Cryptocurrency still cruising as US Federal Reserve Bank Recognizes it appeared first on ZyCrypto. дальше »
2018-6-28 17:44 | |
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Indian Bank Kotak Mahindra Joins RippleNet, Foreign Remittances Could Be Key to Partnership
The Indian banking sector will get a blockchain boost as one of the most prominent private sector banks, Kotak Mahindra, has now joined the RippleNet. The bank will be working on Ripple’s xCurrent platform to settle cross-border payments. дальше »
2018-6-28 15:59 | |
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Banks are losing their Customers to Cryptocurrency Exchanges
Banks had seen a stronger customer base before the going of Bitcoin and other altcoins which made up the cryptocurrency world. Such a short duration of cryptocurrency emergence had seen their customer base reasons. дальше »
2018-6-28 15:26 | |
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Swiss Still Bullish on Blockchain – Banks to Ensure Easy Access to Services for Blockchain Companies
Heinz Tannler, the Financial Director of Zug, the crypto valley of Switzerland, has called on the Swiss Bankers Association (SBA) to bring blockchain companies into the traditional banking sector. дальше »
2018-6-28 12:29 | |
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Top 7 Ways Blockchain Can Be Used to Benefit Capital Markets
Blockchain technology has many benefits that lend themselves nicely to capital markets. As fears of disruption and job losses begin to subside, smart traders and asset managers are waking up to the possibilities. дальше »
2018-6-27 20:00 | |
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8 European Financial Entities Use Blockchain to Improve the Registration of Emissions
The National Securities Market Commission (CNMV), BME and six European banks are working together on a blockchain-based project called Fast Track Listing. The project’s goal is to reduce the amount of time and processes required to record the issuance of financial warrants. дальше »
2018-6-27 14:17 | |
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Korean Watchdog Tightens Rules on Crypto Exchange Bank Accounts
Banks in South Korea are now required to monitor all accounts held by crypto exchanges following a tightening of anti-money laundering measures. дальше »
2018-6-27 12:40 | |
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Crypto Exchange Rougeies Trading Banks and RPIs in India
Exchanges Cryptocurrency exchange Belfrics has resumed trading operations in India after halting earlier this year due to banks refusing to provide payments solutions to the exchange. Japan Confirms Entrance Into the Crypto Space Belfrics Resumes Trading Operations in India Belfrics, which claims to be “India’s fastest growing cryptocurrency exchange and blockchain development platforms,” announced on дальше »
2018-6-27 08:25 | |
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Crypto Exchange Resumes Trading in India Despite Problems with Banks and RBI
Cryptocurrency exchange Belfrics has resumed trading operations in India after halting earlier this year due to banks refusing to provide payments solutions to the exchange. Belfrics has also added four more cryptocurrencies to its platform, with 20 more planned for the next six months. дальше »
2018-6-27 07:25 | |
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Is Ripple XRP About To Find A New Home In Dubai And Hit Burj Al Arab Heights?
Ripple XRP, the community led cryptocurrency and the birthchild of Ripple, could be about to find a new home in Dubai. Okay, this is obviously speculation based, but rumour has it, an event in Dubai, set for next week, has been set up to discuss the implications of Ripples xCurrent and RippleNet, across a 100-member network of banks. дальше »
2018-6-27 06:00 | |
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The Financialization of the Crypto Environment Is Quickening, Master Take
Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. For crypto maximalists, the idea of banks getting involved in cryptos is contrary to the very principles on which Bitcoin was created. дальше »
2018-6-26 21:04 | |
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How to Slow Down a Startup: Erik Voorhees’ Hard Lesson
The Let’s Talk Bitcoin Network has added a new show to its lineup, “What Bitcoin Did. ” The WBD podcast is hosted by U. K. -based Peter McCormack, an “accidental Bitcoin and Cryptocurrency investor, miner, blogger and podcaster. дальше »
2018-6-26 20:34 | |
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Op Ed: Utility Token? Why You’re Still Better Off as a Security
The SEC’s proclamation that ether (ETH) is not a security has sparked some celebration amongst the cryptocurrency community. Regulatory clarity is always a good thing, but ICO operators shouldn’t see this as a reason to put the champagne on ice. дальше »
2018-6-26 19:36 | |
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No Cryptos Planned for Issue by Central Banks in Australia and New Zealand
The central banks of Australia and New Zealand denied they would issue their own cryptocurrencies June 26, in a speech calling Bitcoin “fascinating” but “inefficient.” Addressing the Australian Business Economists in Sydney, Tony Richards, head of the Reserve Bank of Australia’s (RBA) payments policy, appeared hawkish on cryptocurrency as Australia’s government devotes considerable funds to дальше »
2018-6-26 17:07 | |
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The Central Banks Of Australia And New Zealand Against Cryptocurrencies
The trend of ‘central banks’ talking about cryptocurrencies is warming up once more, with The Reserve Bank of Australia (RBA) and The Reserve Bank of New Zealand (RBNZ) weighing in on the debate. The pair have moved to debunk rumours that they are investigating in establishing their own central bank digital currency, on the basis that they believe such a project would inevitably damage their current banking system. дальше »
2018-6-26 17:00 | |
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Reasons why IOTA adoption by Den Norske Bank will increase its price
In recent time, there had been an adoption of some cryptocurrencies by major banks around the world. Ripple Lab the owner of XRP cryptocurrency had been able to enjoy partnership with at least 75 banks with Bank of England, U. дальше »
2018-6-26 16:11 | |
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