The Bank of Russia Received Explosion Threat due to the Possible Cryptocurrency Ban
On January 21, the Bank of Russia received a call from an anonymous person who reported that their premises were rigged with explosives. Among other reasons, the criminal cited the…
Read More »HSBC, Wells Fargo Announce Plan to Leverage Blockchain to Settle Interbank Foreign Exchange Transactions
Wells Fargo and HSBC Bank today announced that they’re planning to settle foreign exchange (forex) transactions on the blockchain, a report by Ledger Insights confirms. Settling Forex Transactions on Blockchain…
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Breaking: Bank of America is working with Ripple & Ripple XRP ODL Partner is a Game Changer
Key Take Aways on Bank of America Pod Cast Key takeaways Businesses have a wide range of digital options to pay, and get paid, across regions, segments and demographics In…
Read More »Unlocking Financial Inclusion with CBDCs
The global pandemic exposed many existing government distribution channels for financial aid as inadequate. With roughly one quarter of the world’s population unbanked, a number of stimulus programs faltered and…
Read More »Could the Rise of Central Bank Digital Currencies Topple the US Dollar Supremacy?
More than 60% of the world's Central Banks are now pursuing Central Bank Digital Currencies (CBDCs). Could this possibly challenge the autonomy of the US dollar?
Read More »Stragglers Are the Fastest Runners: Ghana is Piloting CBDC in October 2021
Countries that have just started participating in the development of Central Bank Digital Currencies (CBDCs) are doing pretty well. Ghana is now launching its digital cedi in two months. In…
Read More »60% of Central Banks are Exploring CBDCs: The European Central Bank has Reached the ‘Investigation’ Stage
The European Central Bank has just announced that it has reached the investigative stage of its digital euro project. If successful, the European Union would be the largest economic bloc…
Read More »Indian Banking Giant ICICI Restricts Customers from Using Remittance for Crypto Investments
Since the inception of Bitcoin (BTC), India’s attitude on cryptocurrency adoption has been a grey area. In what appears to be yet another setback for the Indian crypto community, one…
Read More »CBDC: Chinese Residents Can Now Convert DCEP to Cash at ATM Points
The Industrial and Commercial Bank of China (ICBC), has now made it possible for Chinese residents to easily exchange their DCEP, the nation’s digital renminbi for fiat yuan and vice…
Read More »China is Planning to Issue a Central Bank Digital Currency to Strengthen Surveillance Over its Citizens
China is accelerating its pursuit of a digital yuan that is anticipated to be finally rolled out before the end of 2021. One of the reasons to issue its own…
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