カテゴリー: Bank

BIS GM Argues New Cryptos Are “the Alchemy of the Age of Innovation”

BIS GM Argues New Cryptos are "the Alchemy of the Age of Innovation"The Bank of International Settlements (BIS), a transnational institution owned by and comprised of central banks that seeks to “fosters international monetary and financial cooperation and serves as a bank for central banks,” recently published its quarterly review of “International banking and financial market developments” for June 2018. The report includes an op-ed written by […]

The post BIS GM Argues New Cryptos Are “the Alchemy of the Age of Innovation” appeared first on Bitcoin News.

CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” – Former FDIC Chair

CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” - Former FDIC ChairThe former chair of the United States Federal Deposit Insurance Corporation, Sheila Bair, recently published an article imploring the U.S. Federal Reserve to explore central bank-issued digital currencies (CBDCs). In the article, Mrs. Bair argues that the development of a state-issued cryptocurrency could “reduc[e] the risk of financial crises” and “improv[e] monetary policy tools.” Also […]

The post CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” – Former FDIC Chair appeared first on Bitcoin News.

Coinbase Unveils Plans to Enter the Japanese Market

Coinbase Unveils Plans to Enter the Japanese MarketOne of the largest US cryptocurrency companies, Coinbase, has unveiled its plans to enter the Japanese market in order “to accelerate the global adoption of cryptocurrency.” The company has been in talks with the country’s financial regulator to ensure compliance. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Coinbase Opens Office in Japan Coinbase […]

The post Coinbase Unveils Plans to Enter the Japanese Market appeared first on Bitcoin News.

Central Bank-Issued Cryptocurrency Round Up: IMF, BoE, Hong Kong

Central Bank-Issued Cryptocurrency Round Up: IMF, BoE, Hong KongIn recent days, central banks from the around the world have been actively exploring the prospect of issuing digital currencies. The Bank of England (BOE) has continued to press forward with research into models for central bank-issued currencies, with BOE governor Mark Carney expressing his openness to the idea of issuing a digital currency in […]

The post Central Bank-Issued Cryptocurrency Round Up: IMF, BoE, Hong Kong appeared first on Bitcoin News.

Zimbabwe Exchange Granted “Interim Relief,” Ban Appeal Still Ongoing

Zimbabwe Exchange Granted "Interim Relief," Ban Appeal Still OngoingDespite reports of the Zimbabwe High Court’s reversal of the Reserve Bank of Zimbabwe’s (RBZ) recently issued cryptocurrency ban, the country’s leading bitcoin exchange, Golix, is yet to restore trading on its platform. In an email recently sent to customers of the exchange, Golix sought to clarify that it has been granted “an interim relief,” […]

The post Zimbabwe Exchange Granted “Interim Relief,” Ban Appeal Still Ongoing appeared first on Bitcoin News.

Norway and England Contemplate Central Bank-Issued Cryptocurrencies

Norway and England Contemplate Central Bank-Issued CryptocurrenciesThe central banks of Norway and England have published reports exploring different models for central bank-issued cryptocurrencies. By contrast, Federal Reserve governor, Lael Brainard, recently expressed her opposition to central bank cryptocurrencies – claiming that such would result in broad “macroeconomic consequences.” Also Read: Chilean President Considering Regulation of Cryptocurrencies Decline of Cash Prompts Norwegian Central […]

The post Norway and England Contemplate Central Bank-Issued Cryptocurrencies appeared first on Bitcoin News.

Bank in Argentina Launches BTC Settlement Services

Bank in Argentina Launches BTC Settlement ServicesA small bank from Argentina, Banco Masventas, announced this week that it’s allowing customers to make settlements using BTC as a payment rail. Argentina Banco Masventas says the firm partnered with the exchange Bitex, and believes the service will reduce costs associated with international transfers. Also Read: Tim Draper Advises Argentina’s President to Invest in Bitcoin […]

The post Bank in Argentina Launches BTC Settlement Services appeared first on Bitcoin News.

Chilean President Considering Regulation of Cryptocurrencies

Chilean President Considering Regulation of CryptocurrenciesThe Chilean president, Mario Marcel, has made comment seemingly in favor of developing a regulatory apparatus for virtual currencies. The apparent openness to regulating cryptocurrencies contrasts significantly from the recent banking embargo targeting virtual currency recently witnessed in Chile. Also Read: Spanish Regulator Open to Approving Funds Investing Directly in Cryptocurrencies Chilean President Discusses Benefits of […]

The post Chilean President Considering Regulation of Cryptocurrencies appeared first on Bitcoin News.

RBI Crackdown Triggers Migration of India’s Cryptocurrency Industry

RBI Crackdown Triggers Migration of India's Cryptocurrency IndustryThe Reserve Bank of India (RBI)’s prohibitive policies regarding India’s cryptocurrency industry has reportedly comprised the catalyst for a migration of Indian cryptocurrency entrepreneurs in search of more amenable regulations. Also Read: Indian Ponzi Scheme-Funded Cryptocurrency Mine Raided by Police RBI Crackdown Drives Crypto Businesses Overseas The crackdown on cryptocurrencies initiated by the RBI has reportedly […]

The post RBI Crackdown Triggers Migration of India’s Cryptocurrency Industry appeared first on Bitcoin News.

Tel Aviv Court Forces Bank to Accept Funds From Sale of Bitcoin

Tel Aviv Court Forces Bank to Accept Funds From Sale of BitcoinThe Israeli banking system keeps mounting challenges for bitcoin users, be they exchanges, miners or just traders, and keeps getting slapped for it by the courts. The latest example comes from Tel Aviv where a bank tried to deny incoming transfers from an exchange. Also Read: Israeli Bitcoin Mining Company Sues Bank for Closing Its […]

The post Tel Aviv Court Forces Bank to Accept Funds From Sale of Bitcoin appeared first on Bitcoin News.