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On Tuesday, Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School announced a new research initiative focused on the “growing digital asset ecosystem.” According to CCAF, the newly launched collaborative effort involves 16 financial institutions such as the Bank for International Settlements (BIS), Accenture, EY, Goldman Sachs, and
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The European Commission is also studying whether crypto is being used to circumnavigate Russian sanctions. Source
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"There’ll be ongoing discussions about that. As you know, SWIFT is a messaging service that connects 11,000 banks. And many would argue that there are ways that – that Russia – the Russian leadership could get around that over the course of time, but it certainly remains an option on
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The country faces sanctions from the West as the war against Ukraine transcends into economic and financial cripples. Original Source
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Ukraine is now trying to expose cryptocurrency wallets used by politicians in Moscow amid warnings that Russia may employ digital coins to circumvent sanctions. The initiative comes as western allies agree to expel some Russian banks from SWIFT, the global interbank payments system. Government of Ukraine Seeks Info on Crypto Assets
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Private banks in Mexico want to join efforts with the central bank of the country in the creation of a new digital currency. The president of the Mexican Bank Association (ABM) met with the governor of the Bank of Mexico to offer the help of the group of private banks
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The European Commission announced to remove a number of Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system, aimed at hindering Russia’s capacity to carry out cross-border payments. In a joint statement released by the European Commission, leaders from France, Germany, Italy, the United Kingdom, Canada, and
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Several Russian banks that have been sanctioned over Russia’s “special military operation” in Ukraine will no longer support major payment services like Apple Pay and Google Pay.Russia’s second-largest bank, VTB — as well as other banks like Sovcombank, Otkritie, Novikombank and Promsvyazbank — are on the list of companies sanctioned
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During the sit-down with CryptoX's Lee, Buterin also discussed Ethereum's challenges, gas fees, ETH inflation and competition Ethereum faces from newer layer 1 blockchains. Watch the full interview below, or read the (rough, AI-generated) transcript. Source
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Grayscale Investments’ latest report “Reimagining the Future of Finance” defines the digital economy as “the intersection of technology and finance that’s increasingly defined by digital spaces, experiences, and transactions.” With this in mind, it shouldn’t come as a surprise that many financial institutions have begun to offer services that allow clients
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