digital currencies

Cuba agrees to regulate, recognize cryptos citing ‘socio-economic interest’

Source Node: https://ambcrypto.com/cuba-agrees-to-regulate-recognize-cryptos-citing-socio-economic-interest/
Time Stamp: August 27, 2021 7:30 PM - Modified On: August 27, 2021 - Published By:
Source Cluster:
Republished By Plato

Two weeks ahead of El Salvador’s official adoption of Bitcoin as legal tender, another Latin American nation has decided to officiate the use of cryptocurrencies. According to recent reports, the Cuban government has said that it wants to “recognize and regulate” the use of digital assets in the nation. A resolution was published in the nation’s Official Gazette today, one which revealed that the Cuban Central Bank will soon be implementing rules for the use of cryptocurrencies. Additionally, it will also be determining the licensing requirements for crypto-service providers within

Indian Central Bank Could Launch CBDC Trials by December

Source Node: https://beincrypto.com/indian-central-bank-could-launch-cbdc-trials-by-december/
Time Stamp: August 27, 2021 2:20 PM - Modified On: August 27, 2021 - Published By:
Source Cluster:
Republished By Plato

The Reserve Bank of India (RBI) could launch its first digital currency trials by December, according to central bank governor Shaktikanta Das.Sponsored Sponsored The RBI is currently studying different aspects of digital currencies, including their security, potential impact on India’s financial sector. The central bank must also consider how a digital rupee would affect monetary policy and currency in circulation. “We are being extremely careful about it because it’s completely a new product, not just for RBI, but globally,” Das explained.Sponsored Sponsored According to Das, the central bank is also

Zodia Custody Set to Offer Brokerage Services in Ireland

Source Node: https://beincrypto.com/zodia-custody-set-to-offer-brokerage-services-in-ireland/
Time Stamp: August 8, 2021 10:01 AM - Modified On: August 8, 2021 - Published By:
Source Cluster:
Republished By Plato

British banking and financial services company Standard Chartered has announced plans for its crypto brokerage arm to expand.Sponsored Sponsored Recent reports indicate that Zodia Custody will begin offering services in Ireland. Specifically to institutional investors. With this in mind, Standard Chartered becomes the latest institution to set up operations in the Republic of Ireland. Following the likes of Bank of New York Mellon, which set up its Digital Innovation Hub in Dublin. Fintech company Blockdaemon also broke ground of their own in Galway. Standard Chartered’s ventures and innovation branch SC

The Effect of Coronavirus on the Cryptocurrency Market

Source Node: https://coinrabbit.io/blog/the-effect-of-coronavirus-on-the-cryptocurrency-market/
Time Stamp: December 30, 2020 5:58 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The year 2020, has been greatly eventful. From threats of a world war, to increased terrorist attacks. A biography on the life of the year 2020, would not only be a bestseller but also an excellent read. However the most significant single event of this year is and has been the coronavirus (COVID-19) pandemic, at its global takeover. From a regular virus, one that was once considered to be not worse than a cold flu, to transition into a global pandemic outbreak. The COVID-19 pandemic has affected every aspect of

US Treasury Proposal Applies Travel Rule to Crypto

Source Node: https://beincrypto.com/us-treasury/
Time Stamp: December 20, 2020 2:57 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

On Dec. 18, an office within the US Treasury Department released a set of proposals regarding cross-border transfers of digital assets. The US Treasury Financial Crimes Enforcement Network (FinCEN) released a proposal that aims to close loopholes regarding the movement of digital assets. In the announcement on the release, FinCEN also requested input from the public. The measure, called the Travel Rule, affects cross-border transfers. Know thyself The major thrust of the proposal is a change regarding privately owned digital wallets. Virtual Asset Service Providers will now have to require

Motorcycle Maker Soriano Motori Partners with Coinbase to Accept Crypto Payments

Source Node: https://beincrypto.com/motorcycle-maker-soriano-motori-partners-with-coinbase-to-accept-crypto-payments/
Time Stamp: December 14, 2020 12:41 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Italian motorcycle company Soriano Motori will accept crypto payments for its bikes, becoming the first motorbike firm to do so. From flight tickets to real estate deals, cryptos are becoming more readily acceptable as payment means with companies looking to expand their revenue streams. Italian Bike Maker to Accept Bitcoin and Other Crypto “Coins” Soriano announced the acceptance of cryptocurrencies as a payment means for its motorbikes in a press release issued on Dec. 14. According to the press statement, customers can utilize Bitcoin (BTC) as well as crypto coins like Ether

BIS And Swiss National Bank Announce Findings of CBDC Pilot Program

Source Node: https://beincrypto.com/bis-and-swiss-national-bank-announce-findings-of-cbdc-pilot-program/
Time Stamp: December 4, 2020 2:13 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The Bank for International Settlements (BIS) and the Swiss National Bank (SNB) have released the first set of findings from Project Helvetia, a proof-of-concept experiment that aims to demonstrate that the Swiss franc can be tokenized as a Central Bank Digital Currency (CBDC). Revealed on Dec 3, the BIS claims the results demonstrate the operational feasibility and legal workability of a digital franc used only for interbank settlement on a blockchain testnet. Project Helvetia Background In the works since 2019, the collaboration brought together the BIS, SNB, and financial market

Questions Remain Around The OCC Decision To Allow Banks To Custody Crypto

Source Node: https://bitcoinmagazine.com/articles/questions-remain-around-the-occ-decision-to-allow-banks-to-custody-crypto?utm_source=rss&utm_medium=rss&utm_campaign=questions-remain-around-the-occ-decision-to-allow-banks-to-custody-crypto
Time Stamp: August 18, 2020 1:26 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The recent Comptroller of the Currency (OCC) ruling that national banks and savings associations can provide cryptocurrency custody services to clients is one of the biggest milestones in the short but spectacular lifetime of digital currencies. Now that U.S. banks have the green light to begin custodying crypto, everybody knows that the rules have changed — we just don’t yet know exactly how.  As the dust begins to settle, there are a number of important questions we need to ask. What is the thinking behind the OCC’s letter? Why now? And