India: Supreme Court Decision on Central Bank Crypto Dealings Ban Moved to September
India’s Supreme Court will hold the final arguments regarding the RBI directive against crypto hearings in September Go to Source Powered by WPeMatico
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HSBC Global Head of Digital Says the Bank Is ‘Cautiously Looking’ at Crypto Investment
HSBC’s Global Head Of Digital said that at this stage the bank does not recognize crypto as a genuine investment asset, but is “cautiously looking” Go to Source Powered by WPeMatico
The State Bank of Vietnam Suspends Import of Crypto Mining Hardware
The State Bank of Vietnam will suspend imports of cryptocurrency mining hardware to prevent the use of crypto as payment Go to Source Powered by WPeMatico
Barclays Files Two Digital Currency and Blockchain Patents with U.S. Patent Office
Barclays has filed two patent applications relating to the transfer of digital currency and blockchain, published by the U.S. Patent and Trademark Office today Go to Source Powered by WPeMatico
World’s Top Four Auditors Join Taiwan-Led Trial for Blockchain Fiscal Audit System
The world’s four largest auditing firms will work with 20 Taiwanese banks to test a blockchain solution for auditing interim financial reports Go to Source Powered by WPeMatico
Eastern Europe: Regulation Postponed, Tax Abandoned, Banks Enlightened
Eastern European nations have been following closely regulatory developments in the West to better understand where the wind is blowing before addressing the challenges presented by cryptocurrencies. This strategy has proved fruitless, however, as developed western countries, and international organizations, have not been able to come up with a unified approach towards regulating the crypto … Read more
US Congress Hearing: Central Bank Digital Currency ‘One of the Worst Financial Ideas’
A U.S. Congressional hearing witness said the idea of a central bank digital currency is one of the “worst financial ideas of recent times” Go to Source Powered by WPeMatico
Is India About To Reverse Its Crypto Trade Ban?
India might drop its crypto ban by the end of the week — on July 20, the Supreme Court will review the controversial measure Go to Source Powered by WPeMatico
Powerful Cryptocurrency Firms on the Road Towards Becoming Banks
When bitcoin came out, supporters believed that the decentralized cryptocurrency would decimate the banking industry. Years later, as digital currencies became more mainstream, these networks were suddenly commanding billion dollar valuations. Meanwhile, cryptocurrency exchanges, brokerage services, and over-the-counter market makers have started to look into purchasing shares of banks and even becoming the banks themselves. … Read more
Wells Fargo Files Patent for Tokenization System to Protect Sensitive Data
San-Francisco-based bank Wells Fargo has filed a patent for a tokenization system that would protect sensitive data in a flexible and content-neutral manner Go to Source Powered by WPeMatico