Reserve Bank of India ‘exploring the possibility’ of a digital currency
The bank still claimed that government bodies and regulators in India are both “skeptical” and “apprehensive” about crypto. Go to Source Powered by WPeMatico
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Some Russian officials are being forced to sell their crypto by April 2021
Some Russian public officials have to disclose their crypto holdings, while other officials are obliged to hold zero crypto by April 1, according to a new law. Go to Source Powered by WPeMatico
Bitcoin becoming a cyclical asset, not a hedge, according to JPMorgan strategists
Strategists at the Wall Street megabank disagree with their colleagues view that Bitcoin is becoming digital gold. Go to Source Powered by WPeMatico
Access denied: Banks seem prone to cryptophobia despite growing adoption
Banks in many countries continue to either outrightly deny or limit their services to crypto exchanges. Go to Source Powered by WPeMatico
Top Russian bank Sberbank plans to launch its stablecoin by spring 2021
Sberbank has applied with the Central Bank of Russia to launch a blockchain platform for its “Sbercoin” stablecoin. Go to Source Powered by WPeMatico
An online future for finance is inevitable, says OCC’s Brooks
Brooks considers the migration of the financial system onto the internet “inevitable.” Go to Source Powered by WPeMatico
Digital ruble could be still vulnerable to fraud, Russian banks warn
The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble. Go to Source Powered by WPeMatico
OCC’s Brian Brooks thinks that DeFi can root out bias and fraud in traditional banking
Brooks is optimistic that regulators will find it easier to work with algorithms than with bankers. Go to Source Powered by WPeMatico
Bitcoin price climbs 20% overnight as US banks brace for 40% profit cut
Bitcoin made a swift 20% recovery from the weekend’s bloodbath, while American banks prepare to post major losses in their upcoming quarterly reports. Go to Source Powered by WPeMatico
Korea’s Shinhan Bank makes strategic investment in crypto custody consortium
South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit. Go to Source Powered by WPeMatico