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The Bank of International Settlements says crypto can’t function as money, given it lacks “scalability, stability of value and trust in the finality of payments” Go to Source Powered by WPeMatico
The Bank of International Settlements (BIS), a transnational institution owned by and comprised of central banks that seeks to “fosters international monetary and financial cooperation and serves as a bank for central banks,” recently published its quarterly review of “International banking and financial market developments” for June 2018. The report includes an op-ed written by … Read more
Ripple’s global head of infrastructure innovation expects India’s central bank to rescind its crypto ban, based on its inquiry into own digital currency Go to Source Powered by WPeMatico
Former Trump advisor Steve Bannon is planning on entering crypto, saying if it weren’t for the White House, he would’ve done it sooner Go to Source Powered by WPeMatico
A Dubai-based cryptocurrency exchange has reportedly become the first crypto exchange in the Middle East and North Africa (MENA) region to receive a regulatory sandbox license. The license was granted by the Central Bank of Bahrain and will take effect this week. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Crypto Exchange Received Sandbox … Read more
RBI, the central bank of India, has not made a proper effort to thoroughly research the nature and usage of cryptocurrencies before issuing its crypto ban. This is according to a reply sent by the bank to a Right to Information query filed by a lawyer. Copies of the communication have been distributed on social … Read more
Lithuania’s Ministry of Finance has published comprehensive guidelines for cryptocurrency and initial coin offerings, covering four areas including regulations, accounting, and taxation. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Ministry of Finance’s Guidelines The Ministry of Finance of the Republic of Lithuania has published guidelines for cryptocurrency and initial coin offerings (ICOs). They … Read more
Switzerland’s “sovereign money” referendum, which failed yesterday, would have created a non-debt based economy –– a system some compared to Bitcoin Go to Source Powered by WPeMatico
The U.S. Fed needs to seriously look into issuing a digital currency, despite risks for credit availability, says former FDIC Chair Go to Source Powered by WPeMatico
The deputy governor of the Bank of Italy, delivered a wide-ranging keynote address focused on central bank digital currencies at a conference yesterday in Milan Go to Source Powered by WPeMatico