JP Morgan report says that current blockchain developments are lying down the foundation for digital money, but more centralization is needed. A recent report by a Major United States bank JP Morgan Chase suggested that current blockchain developments are lying down the foundation for digital money, but adoption is still years away. A report published…
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Ripple CEO Brad Garlinghouse explained how he talks to bankers to assuage their fear of crypto and get them on board with the new asset class. Ripple CEO Brad Garlinghouse’s mission is to demolish bankers’ fear of cryptocurrencies and get them on board with the new asset class. During a recent interview with CNN, Garlinghouse…
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Bangladesh-based Bank Asia has joined Ripple’s RippleNet blockchain-based financial services network. Bangladesh-based Bank Asia has joined Ripple’s RippleNet blockchain-based financial services network. The partnership was only recently discovered after a Twitter user pointed out the Bank Asia logo in an official Ripple document on Feb. 10. Still, the partnership must be well over a month…
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Japanese lawmaker Kozo Yamamoto said today that the government should include the digital yen plan in its mid-year policy. Another Japanese lawmaker has publicly called for the swift development of the digital yen. The head of the banking and finance systems research commission at Japan’s Liberal Democratic Party, Kozo Yamamoto, said today that the country…
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Mastercard’s CEO Ajay Banga revealed why the company left the Libra association, while sharing his thoughts on national payment networks such as CBDCs. Mastercard Chief Executive Officer Ajay Banga explained his concerns about Libra in a Feb. 3 interview with the Financial Times. He bashed Libra for its lack of transparency while arguing that national…
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An act regulating cryptocurrency firms comes into effect on Jan. 28 in the Republic of Singapore. Legislation regulating the operations of cryptocurrency firms in Singapore comes into effect today, Jan. 28. The new Payment Services Act will regulate cryptocurrency payments and trading enterprises under some aspects of the regulatory regime that currently governs traditional payment…
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Billionaire investor Tim Draper recommended millennials to buy Bitcoin during a recent interview. Billionaire investor Tim Draper recommended millennials buy Bitcoin (BTC) during an interview with FOX Business published on Jan. 22. Per the report, Draper believes that Bitcoin is of particular importance to millennials that are looking to set aside enough capital for retirement.…
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The Australian Prudential Regulation Authority has proposed a regulatory framework that would have it oversee digital wallets, including Calibra. The Australian Prudential Regulation Authority (APRA) is seeking to oversee stablecoin projects like Facebook’s controversial stablecoin Libra. In an official proposal to the Senate published on Jan. 20, APRA submitted a possible regulatory framework dedicated to…
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Six major central banks and the Bank for International Settlements jointly created a digital currency research group. The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland created a group with the Bank for International Settlements (BIS) to jointly research central bank digital currencies (CBDC). According to a press release published…
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Starling Bank co-founder promises the future of digital and crypto banking with Ziglu, arriving Q1 2020. Mark Hipperson, who was head of technology for the Barclays group for over a decade as well as co-founder and former CTO at U.K. challenger bank, Starling, is planning a Q1 2020 launch for his latest digital banking venture,…
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