Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16
Talk of CBDCs and Facebook’s Libra headlined this week’s policy news, as international organizations weigh in on both. Go to Source Powered by WPeMatico
Banks
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Five Russian banks express interest in piloting digital ruble
The first pilots of Russia’s digital currency are expected to launch in H1 2021. Go to Source Powered by WPeMatico
Bankless society ‘inevitable’ due to crypto, says Morgan Creek CEO
People will be able to “bank themselves” with crypto. Go to Source Powered by WPeMatico
European Central Bank seeks public input on digital euro
A digital euro would not replace cash, but complement it, says the European Central Bank. Go to Source Powered by WPeMatico
Crypto banks are going to swallow fiat banks in 3 years — or even less
In three years, a younger generation of banking customers won’t do business with a traditional fiat bank unless it offers access to crypto. Go to Source Powered by WPeMatico
Shenzhen to hand out 10 million digital yuan in currency giveaway
China is promoting its central bank digital currency with a public $1.5 million giveaway. Go to Source Powered by WPeMatico
Ex-Goldman Sachs exec believes that his decentralized clearing house can rescue DeFi from oblivion
“I have seen this movie before,” said the ex-banker with reference to DeFi. Go to Source Powered by WPeMatico
British fintech to expand banking services to Indian crypto customers
London-based banking company Cashaa will launch a crypto-friendly neo-bank in India Go to Source Powered by WPeMatico
Former Morgan Stanley exec joins Gemini crypto exchange
Gemini exchange continues to strengthen its global expansion strategy. Go to Source Powered by WPeMatico
Kyrgyzstan’s central bank suspends SWIFT to prevent capital outflow
The bank is shutting down the SWIFT network as protests rocked the country. Go to Source Powered by WPeMatico