bank

Former Bank of China adviser urges Beijing to reconsider cryptocurrency ban

The idea of ​​lifting the ban on cryptocurrencies has begun to float in China as a former central bank official called on the country to review its strict restrictions on cryptocurrencies. Huang Yiping, a former member of the Monetary Policy Committee of the People’s Bank of China (PBoC), believes that the Chinese government should reconsider …

Former Bank of China adviser urges Beijing to reconsider cryptocurrency ban Read More »

Former Mastercard CEO Gilles Novel joins mx51

Former Mastercard CEO and payments industry veteran Gilles Novel has joined mx51 as the company’s new director of product. Novel brings more than two decades of experience in the payments industry to this role, most recently serving as Vice President/Head of Acceptance at Mastercard. Prior to that, Novel held senior payments roles at Verifone, Optus …

Former Mastercard CEO Gilles Novel joins mx51 Read More »

Crypto banking is affected as the Federal Reserve’s Custodia Bank request is denied

The Federal Reserve Board has rejected a Wyoming cryptocurrency bank’s application for membership in the Federal Reserve System, officials announced Friday, setting back the crypto industry’s attempts to build acceptance in mainstream U.S. banking. Cheyenne-based Custodia Bank has been hailed by many in crypto banking for more than two years as a leader in crypto …

Crypto banking is affected as the Federal Reserve’s Custodia Bank request is denied Read More »

Bank regulators issue a joint statement on the safety and reliability of crypto activities – Fin Tech

To print this article, all you need to do is register or log in to Mondaq.com. Briefly the situation: Since clarifying the legal permissibility of certain crypto activities in 2020 and early 2021, federal banking agencies have begun to tighten regulatory oversight of such activities, alerting banks to applicable risks, imposing procedural checks on their …

Bank regulators issue a joint statement on the safety and reliability of crypto activities – Fin Tech Read More »

Crypto Price Check: Ending ’22, Looking to the New Year | Arena

After a tough year of bankruptcies and criminal investigations, crypto investors are hoping for better times to come in 2023. Almost everyone in the crypto sector will be happy to close the books in 2022. This has been the year of cryptocurrency, marked by events like the collapse of sister cryptocurrencies Luna and UST, or …

Crypto Price Check: Ending ’22, Looking to the New Year | Arena Read More »

India’s central bank chief warns cryptocurrencies will cause next financial crisis if allowed to grow • TechCrunch

India’s central bank governor said on Wednesday that he is not at war with cryptocurrencies, but argued that cryptocurrencies have no fundamental basis and their use should be banned. RBI Governor Shaktikanta Das told a room full of banking executives and lawmakers that cryptocurrencies have a huge inherent risk to the nation’s macroeconomics and stability. …

India’s central bank chief warns cryptocurrencies will cause next financial crisis if allowed to grow • TechCrunch Read More »

Cryptocurrency is getting a central bank makeover

The cryptocurrency market is increasingly inspiring sovereign central banks to mint national digital fiats. “Digital assets are not on trial. Frauds and organizations are on trial,” US Senator Cynthia Lummis said during a Senate Banking Committee hearing Wednesday (December 14th) on the collapse of cryptocurrency exchange FTX. At the same time, interest in separating offshore …

Cryptocurrency is getting a central bank makeover Read More »

The crypto market expects volatility ahead of the super central bank week

Interest rate hikes are expected to slow as central banks continue to wage war against the threat of inflation. In response, the crypto market could remain volatile with other risky assets. Reports indicated that the US will release November inflation data this week to determine the course of the Federal Reserve’s policy decision through the …

The crypto market expects volatility ahead of the super central bank week Read More »