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Gabriel Makhlouf, the governor of the Central Bank of Ireland (CBI), has published a blog post in which he shares his views on the digitalization of finance. While echoing concerns expressed by his counterparts regarding cryptocurrencies, the official has also highlighted some of their positives. Don’t Ignore the Positive Elements of Crypto Technology, Central Bank … Read more
Payments giant Mastercard has announced that its crypto card program is being enhanced for cryptocurrency wallets and exchanges. The company said, “Making the process simpler will allow more banks and crypto partners the opportunity to offer their consumers the choice of paying with cryptocurrency.” Mastercard Making It Simpler to Convert Cryptocurrency to Traditional Fiat Currency … Read more
The UBS chief said the bank continues to urge caution when it comes to crypto exposure for its clients. Go to Source Powered by WPeMatico
A working paper released in English by the People’s Bank of China cites cryptocurrencies as an important context for the digital yuan’s development and reveals that the digital currency will use smart contracts to allow for programmability. Go to Source Powered by WPeMatico
A new report released by the triumvirate of global finance argues that central bank digital currencies will benefit worldwide development. Go to Source Powered by WPeMatico
Monobank, a mobile bank operating in Ukraine, has announced new products and services that will allow users to trade cryptocurrencies and stocks. One of the offerings includes a bitcoin card which the online banking platform is going to launch as early as this month. Monobank to Offer Users Bitcoin Card and Crypto Exchange By the … Read more
Bank TSB is set to become the latest financial institution in the United Kingdom to prevent customers from investing in crypto. Go to Source Powered by WPeMatico
BBVA Switzerland will soon begin offering Bitcoin trading to private banking clients while not providing any advisory services on crypto investments. Go to Source Powered by WPeMatico
Known for his reluctant stance on decentralized money, the Governor of Bank of England (BOA), Andrew Bailey, has recently taken his anti-crypto rhetoric up a notch. Speaking at a meeting with lawmakers in London, Bailey stated that cryptocurrencies are “dangerous.” Andrew Bailey Remains Sceptical About Cryptos “Crypto-assets,” as the central bank’s official labels bitcoin and … Read more
HSBC will not be joining the growing list of major banks offering Bitcoin and crypto investment products to customers and clients. Go to Source Powered by WPeMatico
