Category: Banks

Macro Investor Dan Tapiero on Crypto Adoption: Emerging Economies Ahead of Developed States

Macro Investor Dan Tapiero on Crypto Adoption: Emerging Economies Ahead of Developed States

Bitcoin and gold holder Dan Tapiero, says it is still early to talk of widespread crypto adoption as the proportion of users relative to the rest of the population remains low. Tapiero makes the remarks while referring to a study, which places Nigeria at top of the list of countries with the highest number of […]

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Bitcoin Skeptic Peter Schiff’s Bank Investigated for Allegedly Serving Top Criminals

Bitcoin Skeptic Peter Schiff’s Bank Investigated for Allegedly Serving Top Criminals

Peter Schiff may hate Bitcoin for having no value and being the money of criminals. Still, his bank Euro Pacific Capital is not without its sins either. A joint investigation by the tax authorities of Australia, the Netherlands, Canada, the United Kingdom, and the United States has Peter Schiff’s bank targeted for allegedly facilitating tax […]

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Central Bank of Spain To Prioritize the Design and Study of a CBDC

The Central Bank of Spain published its Strategic Plan for 2020-2024, describing the objectives and strategies it will follow to boost its economy and adapt the country’s finances to the requirements of the modern era, and a CBDC is one of its priorities. The digital world is stealing the attention of the Spaniards. In its […]

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$8,000 a Year in Crypto: The Limit Bank of Russia Suggests for Retail Investors

Russia’s relationship with cryptocurrencies and blockchain-based technology is undoubtedly a tumultuous one. While the country appears to support the nascent tech behind digital currencies, it’s also taking steps to limit their usage as much as possible. $8,000 of Crypto Per Retail Investor According to a new explanatory note that refers to a newly-passed law on […]

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Russian Billionaire, Owner of The Independent, Praises Cryptocurrencies And DeFi

Russian Billionaire, Owner of The Independent, Praises Cryptocurrencies And DeFi

Russian billionaire and owner of two giant UK newspapers Alexander Lebedev is looking into launching his own DeFi project. Dubbed The Independent Decentralized Financial Ecosystem (or bank 2.0), it aims to serve as a better performing bank, which benefits all participants. Lebedev Explains The Current Banking Problems Lebedev, the owner of the UK-based London Evening […]

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HSBC, Standard Chartered, BNP Paribas-Led Blockchain Contour Goes Live

Contour, the trade finance enterprise based on blockchain, has officially launched. The digital platform is set to deliver a global network and services for trading finance over a distributed ledger, uniting buyers, suppliers, and banks on its platform. Contour Goes Live Singapore-based Contour has officially announced its step forward, launching its trading network based on […]

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Central Bank Cryptocurrency Could Incite Social Unrest, Deutsche Bank Says

Deutsche Bank is out with it’s latest cryptocurrency report. The global banking giant has discussed central bank digital currencies (CBDCs) in great detail, and their effect on central banks, individuals, and governments. In the discussion pertaining to individuals, DB says that CBDCs could encounter political resistance and encourage social unrest. Central Bank Cryptos Could Make […]

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Banks must think about their crypto risk exposure, says FinCEN director

Banks must think about their crypto risk exposure, says FinCEN director

Kenneth Blanco, director of the Financial Crimes Enforcement Network (FinCEN), has said that banks must think about their cryptocurrency risk exposure. Speaking at a virtual conference on Tuesday, Blanco said FinCEN, a bureau of the U.S. Treasury Department, and banks’ examiners would assess the effectiveness of their anti-money laundering (AML) programs. So banks need to […]

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Chinese Commercial Banks Test A CBDC-Linked Digital Wallet

Chinese Commercial Banks Test A CBDC-Linked Digital Wallet

The Chinese central bank digital currency (CBDC) could be approaching its long-anticipated launch as new reports indicated that multiple local commercial banks have begun conducting trials of a digital wallet application linked to the CBDC. Chinese Banks Test Digital Wallet App For CBDC In the latest turn of events regarding China’s future digital currency, a […]

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