Search Results for "ban"
Chile's Central Bank Wants More Time to Study CBDCs
Chile’s apex bank, Banco Central de Chile is exploring more research options to determine whether it will issue a Central Bank Digital Currency (CBDC) or not
US Fed denies Custodia Bank membership over crypto concerns
The US Federal Reserve has denied Custodia Bank's membership application due to concerns over its involvement in the crypto industry. The Fed cited heightened illicit finance and safety and soundness risks, as well as a lack of a sufficient risk-management framework for its proposed cryptoasset-related activities. The bank is also prohibited from running crypto-related services if accepted as a member.
Central Banks to Cross-Examine Libra’s Founders in Switzerland
The European Central Bank (ECB) officials and 25 global central banks will be meeting with Libra’s founders to assess the project.
Pakistan Banks Develop Blockchain-based KYC Platform
The Pakistan Banks’ Association has signed a contract to develop Pakistan’s first blockchain-based national eKYC banking platform aimed at strengthening anti-money laundering capabilities while countering terror financing. The blockchain platform will also improve operational efficiencies, mainly focused on improving customer experience during onboarding.
IMF Urges Countries to Consider Banning Cryptocurrencies
US Treasury Secretary Janet Yellen underlined the need for effective cryptocurrency regulation.
Lawyers for SBF time to discuss additional bail conditions
Sam Bankman-lawyers Fried's requested extra time to negotiate bail terms and identify a technical expert.
Genesis Agrees to $21 Million SEC Settlement in Bankruptcy Resolution Effort
Genesis Global settles with the SEC for $21 million over unregistered securities sales allegations, aiming to mitigate legal challenges and focus on repaying customers amid bankruptcy proceedings. The agreement, pending a February 14 hearing, marks a significant step towards resolving the company's financial and legal hurdles.
EIB Bemoans the Underinvestment in Blockchain and AI, Foresees a $12B Shortfall
The EIB says Blockchain technology and AI has a shortfall in funding to the tune of $12 billion.
Kraken Is the First Cryptocurrency Exchange to Become a US Bank
Kraken San Francisco-based crypto exchange was approved yesterday by the Wyoming Banking Board and is now the first exchange to become a US bank.
OPNX Reveals Venture Capital Backers
OPNX, a new exchange allowing traders to buy and sell claims against bankrupt firms, has revealed its venture capital backers, including AppWorks, Susquehanna, DRW, MIAX Group, China Merchant Bank International, and Token Bay Capital. The exchange has faced criticism due to its association with the bankrupt 3AC hedge fund, but the company claims it will help make customers of failed crypto ventures whole again.
FTX Derivatives Boss Ranks Second as Joe Biden's Top Campaign Financiers
FTX derivatives exchange’s Chief Executive Officer, Sam Bankman-Fried has been revealed to be the second-highest donor to Joe Biden's campaign
Bank of Japan to Launch CBDC Proof-of-Concept in 2021
The Bank of Japan (BOJ) has revealed its plan to kick start an early proof-of-concept on the issuance of its central bank digital currency (CBDC) next year.