The Bank for International Settlements (BIS)’s central bank digital currency (CBDC) project, known as Project Dunbar, has created more questions than answers, the international body said today. However, establishing a global network of connected CBDC platforms still remains a goal for the bank…. Read More: Work on a Multi-CBDC Platform Has Revealed ‘More Questions…
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Banks on both sides of the Russia-Ukraine war are taking measures to restrict the flow of crypto funds overseas, with central banks keen to limit private citizens from making crypto-related cross-border transactions through banks…. Read More: Regulators in Ukraine, Russia Tell Banks to Block Certain Types of Crypto Transfers Read more »Pay, Trade, Buy…
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Investment banking giant Goldman Sachs is “close to announcing” that it is the first major bank in the US to trade an over-the-counter (OTC) crypto transaction, per multiple reports. The bank traded a non-deliverable bitcoin (BTC) option – a derivative tied to the BTC price that pays out in cash – with crypto merchant bank Galaxy…
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Russian banks are continuing to ramp up the range of services they provide in a bid to continue providing their services outside the global banking networks they have been frozen out of after Russia invaded Ukraine…. Read More: Russia Tries to Replace Apple Pay and Google Pay with Gazprom Pay Read more »Pay, Trade,…
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A senior Russian parliamentarian has claimed that the Central Bank is working with the People’s Bank of China on workarounds that may help the countries bypass the SWIFT banking network – including domestic alternatives, blockchain solutions, and digital fiats…. Read More: Russian, Chinese Central Banks ‘Working Together On SWIFT-Alternative Interoperability’ Read more »Pay, Trade,…
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The regulator’s recommendation is designed to prevent capital flight amid economic collapse. The Central Bank of Russia (CBR) recommended that the nation’s commercial banks ramp up monitoring users’ transactions that could be aimed at circumventing CBR’s “special economic measures to counter the outflow of foreign currency abroad,” local media reported on Thursday. The recommendation includes closer…
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Russian regulators appear to be fast-tracking domestic companies’ efforts to become home-grown token exchanges – with the Central Bank approving the banking and IT giant Sberbank’s application to become an official “digital financial assets” (DFA) issuer. Back in January, Sberbank asked the Central Bank to grant it the right to issue a stablecoin for…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Blockchain Gaming Consortium, American Express & Crypto Trademarks + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
With major financial institutions increasingly moving into the metaverse, UK bank HSBC is the first global financial services provider to enter virtual world The Sandbox, following in the steps of US-based banking giant JPMorgan which recently set up a lounge in another virtual world, Decentraland (MANA)…. Read More: Metaverse Banking: HSBC Enters The Sandbox…
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Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University. _____ The West is arraying financial weapons never deployed before against a country of Russia’s size, forsaking some of the principles that have defined it…. Read More: Another Putin’s Mistake of the Ukraine War – Trusting the Western Financial System Read more…
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