The Bank of Canada has initiated an online public consultation to gather opinions on the characteristics of a digital Canadian dollar. The consultation, which started on May 13th, will remain open until June 19th. A rapid shift towards digital payments In recent years, the...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied As regional bank failures rattle the financial markets, bitcoin’s price surges to the $28,500 level, showcasing its resilience and growing appeal as a safe haven for investors. The financial...
The fall of Signature Bank (SBNY) has been linked to a combination of executive mismanagement and insufficient intervention by federal regulators, exacerbating the bank’s exposure to risks in the crypto industry and the ripple effects from other banks’ failures. The downfall of Signature...
José Manuel Campa from the European Banking Authority (EBA) urged crypto market players to start adjusting their operations now. The new rules passed by the E.U. last week emphasize the need for market players to comply with the regulations and make necessary preparations...
Bitcoin is trading around the $28,000 mark, after trading higher. The churn comes after news that the First Republic Bank is close to seizure by U.S. authorities. BTC was over $28,000 mark Bitcoin bulls have reemerged, following the recent decline, to push the...
Amid ongoing debates on proposed laws about virtual assets in South Korea, the country’s central bank has been granted the go-ahead to increase its attention to cryptocurrency service providers and issuers. Local news source The Korea Herald published an article on April 20 stating that...
New York State Department of Financial Services (NYDFS) superintendent, Adrienne Harris, met with a delegation led by Danmarks Nationalbank governor, Signe Krogstrup, earlier in the week. According to a tweet by the NYDFS, Adrienne Harris met with Danish central bank governor Signe Krogstrup...
According to a SEC filing, Metropolitan Commercial Bank is almost done terminating its crypto-related services. The bank currently has $278.5 million in deposits tied to cryptos. The bank reported that its withdrawal from the crypto industry was nearly complete and that its core...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Although a final decision has not yet been made, the Bank of Israel has said it is formulating a plan to issue a central bank digital currency (CBDC). On...
The Bank of England (BoE) is considering implementing restrictions on stablecoins for payments and developing new regulations to ensure financial stability, according to deputy governor Jon Cunliffe. The Bank of England (BoE) is considering imposing restrictions on stablecoins as a form of payment...