Tag: banking
Bangladesh Bank with $4 Billion in Assets Now Employs RippleNet
News
Bangladesh-based Bank Asia has joined Ripple’s RippleNet blockchain-based financial services network.
The partnership was only recently discovered after a Twitter user pointed out the Bank Asia logo in an official Ripple document on Feb. 10. Still, the partnership must be well over a month ol..
Japanese Official Calls for Urgent Development of Digital Yen to Counter China
News
Another Japanese lawmaker has publicly called for the swift development of the digital yen.
The head of the banking and finance systems research commission at Japan's Liberal Democratic Party, Kozo Yamamoto, said today that the country should create a digital yen in two to three years.
R..
Major Central Banks to Discuss Digital Currencies Amid IMF Conference
News
Six major central banks will meet in April to discuss the development of central bank digital currencies (CBDC).
The Japan Times reported on Feb. 6 that — according to a source familiar with the matter — the meeting will see the governors of several central banks discuss joint research on CBD..
Mastercard CEO Reveals Why The Company Left Libra
News
Mastercard Chief Executive Officer Ajay Banga explained his concerns about Libra in a Feb. 3 interview with the Financial Times. He bashed Libra for its lack of transparency while arguing that national payment systems are “really stupid.”
Mastercard was one of the founding members of the Libr..
Singapore Act to License Cryptocurrency Firms Comes Into Effect
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Legislation regulating the operations of cryptocurrency firms in Singapore comes into effect today, Jan. 28.
The new Payment Services Act will regulate cryptocurrency payments and trading enterprises under some aspects of the regulatory regime that currently governs traditional payment servic..
Billionaire Investor Tim Draper: If You’re a Millennial, Buy Bitcoin
News
Billionaire investor Tim Draper recommended millennials buy Bitcoin (BTC) during an interview with FOX Business published on Jan. 22.
Per the report, Draper believes that Bitcoin is of particular importance to millennials that are looking to set aside enough capital for retirement. He suggest..
World Economic Forum Debuts Framework for Central Bank Digital Currency
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The World Economic Forum (WEF) — together with some of the world's major central banks — has created a central bank digital currency (CBDC) policymaker toolkit.
According to an announcement on Jan. 22, the toolkit is the WEF's attempt to help policy-makers understand whether deployi..
Six Major Central Banks to Collaborate on Digital Currency Research
News
The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland created a group with the Bank for International Settlements (BIS) to jointly research central bank digital currencies (CBDC).
According to a press release published by the Bank of England on Jan. 21..
Australian Financial Regulator Could Oversee Facebook’s Calibra Wallet
News
The Australian Prudential Regulation Authority (APRA) is seeking to oversee stablecoin projects like Facebook's controversial stablecoin Libra.
In an official proposal to the Senate published on Jan. 20, APRA submitted a possible regulatory framework dedicated to fintech and regulatory t..
Former Barclays Exec to Launch UK’s First Regulated Crypto Bank in 2020
News
Mark Hipperson, who was head of technology for the Barclays group for over a decade as well as co-founder and former CTO at U.K. challenger bank, Starling, is planning a Q1 2020 launch for his latest digital banking venture, Ziglu.
Billing itself as the next step in the challenger bank conce..
