Record Bitcoin Trade in Venezuela as Top Bank Launches Petro Services – CCN.com
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New Bitcoin Trading Record as Biggest Bank Embraces Petro
Venezuela’s largest bank, the Bank of Venezuela (BDV), has added support for the country’s controversial Petro digital currency. Bank of Venezuela hints at crypto walletAs cryptocurrency news outlet Decrypt reported on Sept. 13, BDV clients have discovered a new section in their online banking account dedicated to cryptocurrencies. At present, the crypto
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Here’s Why China is Pushing A Central Bank Digital Currency, Not Crypto
China is set to launch the world’s first central bank digital currency (CBDC). As the majority of central banks, including in the US and Europe, are tentative over issuing their own CBDCs, the People’s Bank of China (PBoC) has gone all-in on the idea of a digital Yuan and not
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US Senate Discussion: Crypto Miners Should Be Regulated Under Bank Secrecy Act
Following a recent argument presented by David Murray, a human-trafficking expert, we can’t help but wonder if this is a regulatory scheme or an outright ban on a whole technology.In a written document delivered before a hearing on human trafficking at the Subcommittee on National Security and International Trade and
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Swiss National Bank President Says Stablecoins Could Hamper Policy
Swiss National Bank (SNB) President Thomas Jordan said that stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy in some circumstances.Cryptocurrencies’ limited use as payment instrumentsOn Sept. 5, Jordan spoke at the University of Basel, saying that he is convinced that cryptocurrencies are of limited use as payment
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PNC Bank Using Ripple XCurrent — Is Interest in Blockchain Rising?
Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the
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Crypto Firms in the Netherlands to be Regulated by Dutch Central Bank
The Dutch central bank has notified that it will start regulating companies that are providing cryptocurrency services in the Netherlands beginning from January 10, 2020.In an announcement that was released this Tuesday, the De Nederlandsche Bank has made it clear that crypto firms serving in the Netherlands for the exchange
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Norwegian Bank Invests in Crypto Exchange Founded By Airline Magnate
A Norwegian savings bank dating back to the mid-1800s has just invested in a cryptocurrency exchange set up by local business magnate Bjørn Kjos. In a press release posted on the Oslo Stock Exchange, Sparebanken Øst said it had taken a 16.3
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Tether Mulls Commodity-Backed Stablecoin to Cut Bank Risk: Report
Crypto exchange Bitfinex shareholder Zhao Dong has claimed that sister firm Tether plans to release a version of the stablecoin backed by a basket of commodities such as gold, crude oil and rubber.In private correspondence with CryptoX on Sept. 3, Dong said that the idea of issuing Tether (USDT)
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