Cryptocurrency Analysis and News Portal
The banking industry will most likely try and capitalize on the demand for stablecoin deposits on the back of the market’s exponential growth, Morgan Stanley’s lead cryptocurrency strategist, Sheena Shah, said in a report.Some notable features of these coins is that they provide access to crypto-deposit interest rates and decentralized
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In Iceland the burden fell on people who had nothing, and then had less than nothing. The ease with which these [finance] guys could just see past that, or not be troubled by it, was really shocking to me. When I would bring up things like, “What about these other
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Sri Lanka has formed a panel to recommend a regulatory framework covering the growth of digital banking, blockchain and cryptocurrency mining, the government has announced. Fast facts Developing an integrated system of digital banking, blockchain and cryptocurrency mining is crucial for Sri Lanka to keep up with its regional neighbors while expanding
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Sri Lanka’s Cabinet approved the formation of committee that will study the rules and regulations governing digital banking, blockchain, and crypto mining in other nations, as well as methods to prevent money laundering, terrorism financing and other criminal activities related to those technologies. The body will also study Know-Your-Customer processes. Original
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Iceland also, the new book makes clear, had it coming. Far from victims of forces beyond their control, Iceland’s bankers, enabled by a neoliberal government, crafted a brazen fraud whose endpoint was practically inevitable. Bibler saw this firsthand: He eventually wound up working at the FME, Iceland’s financial regulator, as
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According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the banking group leveraged a prototype that shows how money transfers can be done in seconds with very little processing fees. Inexpensive
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The year 2020 may well go down as the year when blockchain technology and cryptocurrencies, in particular, gained mainstream recognition. The restrictions on movement, as well as the widespread fear of catching a virus, forced many to look for alternative ways of making payments or sending remittances. This search for
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A forum of some of the U.S. and Europe’s biggest banks have opposed the rules proposed by the world’s central banks and regulators for capital requirements on bitcoin exposure.The Global Financial Market Association (GFMA), made up of such institutions as JPMorgan and Deutsche Bank, as well as several other industry
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London-based open banking startup TrueLayer has raised $130 million in funding in a round led by Tiger Global and Stripe.The raise values TrueLayer’s at more than $1 billion, thus giving it “unicorn” status.Open banking, for which TrueLayer provides infrastructure, enables customers to transact with businesses more seamlessly via bank-to-bank payments,
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South Korean crypto exchange Gopax, which is backed by Digital Currency Group, is facing potential closure ahead of the country’s fast-approaching deadline for platforms to submit their requests for an official operating license.To be eligible for a license, all crypto exchanges must show evidence that they are operating using real-name
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