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Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank, HSBC, and more. The negative interest rate environment and slowing economies have forced … Read more
There is no public demand for a central bank digital currency in Japan, according to Bank of Japan Governor Haruhiko Kuroda Go to Source Powered by WPeMatico
Major Japanese bank MUFG has denied local media reports that it will launch a digital currency in 2020 Go to Source Powered by WPeMatico
The British Virgin Islands announced that crypto firm LifeLabs is developing a U.S. dollar-backed stablecoin for the territory Go to Source Powered by WPeMatico
The governor of Ghana’s central bank says that the country is exploring a central bank digital currency, and could issue an e-cedi in the near future Go to Source Powered by WPeMatico
Digital currencies can shift some functions usually performed by the government to the private sector, the U.S. Deputy Treasury Secretary argued Go to Source Powered by WPeMatico
American lawmakers have introduced a bill to put Facebook’s Libra under the jurisdiction of the Securities and Exchange Commission Go to Source Powered by WPeMatico
CNBC: U.S. should “hurry up” with China digital currency response Go to Source Powered by WPeMatico
Tether dwarfs other stablecoins but use will stay limited, says Samson Mow Go to Source Powered by WPeMatico
The Central Bank of Tunisia denies reports that it was developing an “e-dinar” digital currency Go to Source Powered by WPeMatico
