Researchers at Deutsche Bank say cash will not become obsolete in the near future even with the growing pivot towards cryptos and other forms of digital currencies. Crypto Hasn’t…
Tag: Bank
Nedbank Not Looking to Shut Down Crypto Exchange Bank Accounts
Contrary to reports, prominent South African bank, Nedbank is not considering closing down accounts belonging to crypto exchanges in the country. Nedbank Not Taking New Digital Asset Exchange Customers…
Bahrain Becomes Next Country to Trial Digital Currency – Bitcoinist.com
The central bank of Bahrain is the first to pilot a new toolkit developed by the world economic forum. This toolkit will help Bahrain’s central bank determine if a…
Major Central Banks Form CBDC Think Tank – Bitcoinist.com
The Bank of Canada along with other central banks from Japan, Switzerland, England, Sweden, and the European Central Bank (ECB) are looking to work together as part of plans…
Australia Reserve Bank Trials Central Bank Digital Currency
Australian Reserve Bank (RBA) recently revealed that it simulated the use of central bank digital currency (CBDC) in a wholesale payment system based on the Ethereum network, with interesting…
First Private Bank Joins Turkey’s Digital Gold Blockchain Network
Garanti BBVA has announced that it is the first and only private bank to join Turkey’s digital asset blockchain network. The BiGA Digital Asset Transform Platform was developed by…
Doubts Surface Over China Central Bank Currency Plan – Bitcoinist.com
People’s Bank of China may be ready with the top-level rules for its hypothetical state-backed digital asset, but doubts are still surfacing over the project’s wider application. China Central…
Brazilian Bank Threatens to Close Crypto Exchanges’ Accounts
Crypto exchanges in Brazil may soon lose banking support as a major commercial bank has refused to abide by an agreement preventing the closure of cryptocurrency exchange accounts. Across…
China Digital Currency ‘Progressing’, But Still No Launch Date
The People’s Bank of China recently published an update on the development of its national cryptocurrency, stating that it is ‘progressing smoothly.’ Last week, China’s central bank held its…
IMF Discusses Potential Role in CBDC Issuance – Bitcoinist.com
With the ongoing conversation surrounding central bank digital currencies (CBDCs), the International Monetary Fund (IMF) is examining its potential role in future sovereign digital currency issuances. IMF Weighs Pros…