Global banking regulator the Basel Committee on Banking Supervision calls for a conservative framework for crypto assets. Global banking regulator Basel Committee on Banking Supervision (BCBS) calls for a conservative prudential treatment framework for crypto assets. The Basel Committee — which includes banking regulators from the United States, Europe and Japan — published its report…
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Cryptocurrency lending firm BlockFi announced that it obtained a money transmission license in the United States member state of Washington. Cryptocurrency lending firm BlockFi announced in an email that it obtained a money transmission license (MTL) in the state of Washington in the United States. The firm explained that the license will allow BlockFi to…
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The Bank of Lithuania said that central banks’ “parental controls” are obsolete when it comes to crypto assets. The Bank of Lithuania said that central banks’ “parental controls” are obsolete when it comes to crypto assets, but that should not prevent them from entering the space in order to understand it. In an analysis dedicated…
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The Bank of Lithuania announced that it will release its first digital, blockchain-based collector coin in the spring of next year. The Bank of Lithuania announced that it will release a digital, blockchain-based collector coin in the spring of 2020, according to a press release on Dec. 9. The coin is dedicated to the Act…
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Bank of Japan Governor Haruhiko Kuroda said that there is no public demand for a central bank digital currency in the country. Bank of Japan (BOJ) Governor Haruhiko Kuroda said that there is no public demand for a central bank digital currency (CBDC) in the country. During his speech at the symposium for the 35th…
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British cryptocurrency-friendly mobile banking firm Revolut is negotiating with investors to raise at least half a billion dollars. British mobile banking firm Revolut is negotiating with investors to raise at least half a billion dollars next year, Reuters reports on Nov. 12. Since the end of 2017, Revolut’s app has allowed its users to complete…
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Within the decentralized nature of blockchain technology lies a chance to avoid the financial collapse rooted in the concepts of center and power. A central bank’s role is to manage a nation’s currency, money supply and interest rates. The United States did not have a central bank until 1913, when Woodrow Wilson signed the Federal…
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International banking regulator the Basel Committee is working to establish how much capital lenders should hold to cover the risks generated by crypto exposure. Global banking regulator the Basel Committee on Banking Supervision (BCBS) is working to establish how much capital lenders should hold to cover the risks generated by dealing with cryptocurrencies. Business Reporter…
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A draft document issued by the European Union suggests that the organization should consider issuing its own digital currency. A draft document issued by the European Union suggests that the union should consider issuing its own digital currency. Will the EU wage war on crypto? Reuters reported on Nov. 5 that the draft in question…
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Carbon exchange AirCarbon launched a global tokenized carbon credits trading platform for airlines and the aviation industry in Singapore. Carbon exchange AirCarbon launched a global tokenized carbon credits trading platform in Singapore. Business news outlet Business Times reported on Oct. 30 that the platform will allow firms such as airlines to buy and sell tokens…
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