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The Financial Securities Board (FSB) has released its report covering crypto assets for the G20 and is considering lowering the exposure of banks to cryptocurrencies. This would be to increase transparency and reduce the risk of financial instability, even though the report said crypto assets do not pose...
Charlie Lee, the founder of Litecoin, recently took to Twitter to announce a partnership with TokenPay, that will see the two collaborate with a German bank. TokenPay Buys a Stake in German Bank TokenPay, a Switzerland-based cryptocurrency payment platform, recently announced that it would be securing a deal with...
A Washington-based law firm said today that the cryptocurrency Tether (USDT), which as its name suggests is pegged to the value of the U.S. dollar, holds enough U.S. dollar reserves to back all of its coins in circulation. The news couldn’t come at a better time. Just last...
Six companies have announced their intentions of creating crypto exchange platforms in Japan following regulatory approval. All six companies are listed on the Tokyo Stock Exchange and are set to move into the market which accounts for two-thirds of Bitcoin trading. Crypto Exchanges Target Japan The six companies...
Looking to get involved in ‘the future of money,’ a former Fed governor, who was also a finalist to head the U.S. central bank, thinks the idea of a state bank-issued digital currency deserves serious consideration. FedCoin: Just an Idea, for Now Kevin Warsh was a Federal Reserve...
Mastercard released their 2018 Q1 financial results on May 2 showing record first-quarter net income of $1.5 billion and revenue of $3.6 billion. They attributed some of this success to the December and January boom in cryptocurrency prices as they expect results to drop following the recent bear market....
The Israeli Supreme Court reached a decision today in support of local cryptocurrency exchange Bits of Gold. The temporary court order was issued by the Court to one of Israel’s largest financial institutions, Leumi Bank. Generally speaking, the decision means banks are required to permit cryptocurrency trading, and...
Banks will never be fans of Bitcoin. The concept of it alone is the complete opposite of a bank’s business model which is to make profits from other people’s money. Britain’s biggest bank today took the step of banning its customers from buying Bitcoin using their credit cards....
Deutsche Bank lead strategist Jim Reid believes the reign of fiat money could soon end and cryptocurrencies like bitcoin could take over the global financial market. In a recently released research paper, Reid delve extensively into the unstable fiat currency system and firmly stated that the fiat currency...
Banks around the world have always had an uneasy relationship with Bitcoin companies. Banks do not like Bitcoin and vice versa. A financial institution was never able to legally deny service to a cryptocurrency company before, though. That has now come to change in Israel, thanks to a...
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