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Deutsche Bank analysts have made some predictions regarding the future of cryptocurrency. Strategist Jim Reid explained why cryptocurrencies are inevitable and how the existing fiat money system could crumble over the next decade, leading to soaring demand for cryptocurrencies. Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets ‘The End of Fiat Money?’ – … Read more
A long-skeptical exec at the Bank for International Settlements now says that CBDCs could open up new possibilities Go to Source Powered by WPeMatico
Per Deutsche Bank’s recent research, people’s heightened demand for dematerialized means of payment and anonymity could drive more individuals to digital currencies Go to Source Powered by WPeMatico
French central bank governor wants France to be the first country to issue a central bank digital currency Go to Source Powered by WPeMatico
Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank, HSBC, and more. The negative interest rate environment and slowing economies have forced … Read more
There is no public demand for a central bank digital currency in Japan, according to Bank of Japan Governor Haruhiko Kuroda Go to Source Powered by WPeMatico
Major Japanese bank MUFG has denied local media reports that it will launch a digital currency in 2020 Go to Source Powered by WPeMatico
Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost cutting that followed, haven’t managed to compensate the revenue decline in 2019. Historically low interest rates, new regulatory hurdles and competition from … Read more
Nordea Bank can now officially bar its employees from owning cryptocurrencies, according to a court ruling Go to Source Powered by WPeMatico
Three major banks carried out the first transactions on Deutsche Boerse and HQLAX’s DLT-enabled security lending platform Go to Source Powered by WPeMatico