Banking institutions – DIGIT INFO

Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos

DIGIT — Sat, 18 Mar 2023 19:49:58 +0000

Amidst the chaos in the U.S. banking sector, Elon Musk, the CEO of Tesla and owner of Twitter, has been critical of the country’s central bank. Musk insists that the U.S. Federal Reserve is operating with “way too much latency in their data,” and he insists that the central bank needs to drop the federal […]

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‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament

DIGIT — Thu, 26 Jan 2023 08:30:12 +0000

Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators Approve Draft Law Implementing the Basel III Capital Regulations for Banks Members of […]

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Ukrainian Police Bust Crypto Call Centers Defrauding Investors Across Europe

DIGIT — Thu, 01 Sep 2022 11:30:51 +0000

Ukrainian investigators have exposed a scheme targeting residents of the country and the European Union with various financial scams, including some related to cryptocurrencies. The criminal organization members contacted their victims through call centers to collect personal financial information. Fake Ukrainian Call Centers Promise Foreigners Excess Profits From Crypto Trading Officers from the Main Investigative […]

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US Banking Giants Goldman Sachs and JPMorgan Wind Down Business in Russia

DIGIT — Sun, 13 Mar 2022 12:30:30 +0000

Global investment banks Goldman Sachs and JPMorgan Chase are winding down business in the Russian Federation. The move comes as western sanctions against Moscow over its decision to launch a military invasion of Ukraine continue to expand, supported by leading financial institutions. Goldman Sachs and JPMorgan Scale Down Russian Operations Goldman Sachs Group and JPMorgan […]

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Irish Banks Hail EU’s ‘Radical’ Anti-Money Laundering Push

DIGIT — Sun, 25 Jul 2021 08:00:02 +0000

Banks in Ireland have welcomed an upcoming reform of the European Union’s anti-money laundering regulations that will affect the crypto space. The Irish banking industry organization voiced support for the changes aimed at disrupting illicit transactions at the union level while calling them “radical.” New AML Body to Weed Out Suspicious Transactions in the EU, […]

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Data Shows Institutional Interest in Bitcoin Has Diminished

DIGIT — Sat, 05 Oct 2019 02:32:54 +0000

Last spring and the beginning of summer 2019 saw digital asset markets spike considerably in value, and many speculators assumed the rise was due to institutional investors. However, BTC and a variety of other popular digital asset prices started plummeting in August. Reports now detail that institutional interest is waning and new data that analyzed […]

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