Wednesday, September 22, 2021
Home > Banks

Central Banks vs. Private Currencies: ‘The Future of Money’ With Economist Eswar Prasad

The history of money is filled with conflict and competition. In some cases, bloodshed. In 13th-century China, for instance, Genghis Khan instituted what some consider to be the world’s first paper money. It was forced legal tender for all debts under his domain, backed by the Grand Khan’s decree, and

Read More

Canada’s ‘Mad Max’ Supports Bitcoin — Says ‘I Hate How Central Banks Are Destroying Our Money and Economy’ – Featured Bitcoin News

Maxime Bernier, a former cabinet minister nicknamed “Mad Max” and the leader of the People’s Party of Canada (PPC), says he supports bitcoin and cryptocurrencies. “I hate how central banks are destroying our money and economy … cryptos are another new and innovative way to counter this that should be

Read More

BIS Asks Central Banks to Urgently Develop CBDCs to Compete With Crypto Assets – Regulation Bitcoin News

The head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, has urged central banks to act now on central bank digital currencies (CBDCs) to compete with initiatives in the private sector, including cryptocurrencies. “CBDCs will take years to be rolled out, while … crypto assets are already

Read More

Nigerian Experts Question Selection of Bitt Inc as Central Bank’s Fintech Partner – Fintech Bitcoin News

Nigerian fintech entrepreneurs have slammed the Central Bank of Nigeria (CBN)’s decision to select Bitt Inc as its fintech partner. They insist that the choice of Bitt Inc, a Barbados based firm, undermines central bank claims that it is “fighting for the naira in the forex market.” Bitt Inc’s Market Capitalization In

Read More

Visa Plans to Bring Cryptocurrency Services to Traditional Banks in Brazil – Bitcoin News

Visa, the multinational payments giant, has announced it is planning to bring cryptocurrency services to traditional banking platforms in Brazil. The company also announced that it is working with several cryptocurrency companies in the country to bring cryptocurrency payment cards to the market and hinted at a possible direct integration

Read More

Cryptocurrency Likely to Be More Environmentally Friendly Than Traditional Banks – Press release Bitcoin News

press release PRESS RELEASE. Leading Crypto service comparison site – Cryptowisser deep dives into the environmental future of cryptocurrency. Despite major scrutiny from traditional media and press, cryptocurrency possibly remains more environmentally friendly than traditional banks, just no one is reporting it. Crypto community anticipates a green future. With the

Read More

Banks vs. exchanges — regulators overwhelmingly penalize fiat, not crypto

While regulators have often targeted projects in and out of the crypto space, the fines levied against digital asset exchanges are a fraction of those against traditional financial institutions.According to data from Good Jobs First’s violation tracker, the platform analyzed 50 of the biggest fines regulators levied against major banks,

Read More

IRS Agent Poses as Bitcoin Trader Called ‘Mr. Coins,’ Biden’s IRS Wants ‘Outflow and Inflow’ Data From Banks – Taxes Bitcoin News

Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden’s American Families Plan. On top

Read More