4 reasons why Paul Tudor Jones’ 5% Bitcoin exposure advice is difficult for major funds
Major funds are probably interested in Bitcoin and altcoins, but four significant hurdles are preventing them from investing. Go to Source Powered by WPeMatico
Banks
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Over 3,000 ATMs in Beijing Offer Digital Yuan Withdrawals
Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able to exchange their e-CNY funds for cash and vice versa. Some of the teller machines are located in a popular shopping area. Banks Launch Support for Digital Yuan at ATMs … Read more
Denmark’s largest bank cautious on crypto, but won’t interfere
Danske Bank isn’t completely sold on cryptocurrency but said it won’t stop its customers from using its services in connection with crypto platforms. Go to Source Powered by WPeMatico
PayPal, Salesforce contribute to TRM Labs’ $14M investment round
The venture funds of both companies joined Bessemer and others in financing another strategic investment round for TRM Labs. Go to Source Powered by WPeMatico
Korean Exchanges Delist High-risk Coins as They Face Tough Regulations
Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. South Korean Exchanges Wipe Trading Lists of Risky Digital Assets Trying to meet Seoul’s … Read more
Digital euro could drain 8% of bank deposits, Morgan Stanley says
Banks in smaller countries like Latvia, Estonia and Greece could be impacted harder by the digital euro, analysts said. Go to Source Powered by WPeMatico
Russian central bank ‘short-sighted’ regarding crypto, lawmaker says
A long-time member of the Russian State Duma has criticized the central bank’s approach to digital assets. Go to Source Powered by WPeMatico
Goldman Sachs’ crypto trading desk expands to Ether
After being critical of cryptocurrencies, the Wall Street investment bank officially embraced Bitcoin earlier this year. It’s now expanding its offerings to include Ether. Go to Source Powered by WPeMatico
Korean banks will need to classify crypto exchange clients as ‘high risk’
A further tightening of cryptocurrency regulation in South Korea is underway, with new rules for banks and crypto exchange operators. Go to Source Powered by WPeMatico
Stablecoins not that radical, says Bank of England official
The Bank of England’s executive director of the Financial Market Infrastructure Directorate says that stablecoins are hardly “launching us off into some brave new world.” Go to Source Powered by WPeMatico