Materials by tag Banking

Dec 13, 2019 at 10:39
Global Financial System of the Future Needs State-Backed Cryptocurrencies
In recent months, the race for the development of a central bank digital currency (CBDC) has been accelerating. The latest warning shot was launched by Chinese President Xi Jinping, who publicly stated the need to invest in a core technology like the blockchain.
Dec 03, 2019 at 10:43
Central Bank of Russia to Ban Bitcoin and Cryptocurrency
Last week on Friday, the Central Bank of the Russian Federation made a negative statement against Bitcoin (BTC) and other cryptocurrencies, stating that their fiat currency known as the ruble should be the country’s only legal tender instrument.
Nov 25, 2019 at 10:34
The Rules and Future Scenarios of Cryptocurrencies, Tax Treatment in Italy
The rules and conditions regulate cryptocurrencies including Bitcoin in Italy, to define the correct approach with which to deal with the taxation and accounting of these tokens. The present situation provides the opportunity to reflect on their future.
Nov 06, 2019 at 12:02
Czech Republic Prohibits the Use of the Word 'Coin'
The Paralelní Polis, a non-profit institution which some call an anarchist movement, received notifications from the Czech National Bank (CNB). The Central Bank points out that the word “coins” has certain conditions under which it can be used. The project got into a cross because of the EET, but magnificently avoids attacks and fines.
Oct 11, 2019 at 11:10
Bank of England Gives Green Light to Libra Cryptocurrency
The Bank of England (BoE) has come out to embrace Facebook’s digital currency project Libra despite the recent criticism it has been facing from various financial regulators across the globe.
Oct 01, 2019 at 09:01
Can a Fintech Mobile App Replace Banks?
In today’s world banks are a mandatory link in the chain of our financial interactions. Banks are unavoidable hubs that are involved in any operation, be it a personal money transfer to a friend or a large scale enterprise deal. But as any hub – banks are centralized. Does it mean that banks have unrestricted access to your hard earn funds? The short answer is – yes, it does.
Sep 20, 2019 at 12:33
Another Bank in Switzerland to Provide Bitcoin and Ethereum Trading Custody
Arab Bank Switzerland, a sister firm of the Middle East-based banking bull Arab Bank which was the first Arab monetary organization to launch a presence in Switzerland, is now providing trading and custody services for Bitcoin (BTC) and Ethereum (ETH), the globe's first and second leading cryptocurrencies. As per the Sept. 19 report by The Block, the effort implies institution’s high net-worth customers, counting business giants and family businesspersons, can now have access to cryptocurrencies.
Aug 28, 2019 at 10:38
Facebook Hires Lobbying Company due to Cryptocurrency Debate
The topnotch multinational social networking service provider Facebook, has engaged a lobbying company based in the State of Washington, United States amid the augmented Congressional and regulatory backlash the American technology giant has seen because of its future Libra Cryptocurrency project that is expected to be launched in 2020 once it meets all the necessary regulatory approvals.
Aug 22, 2019 at 12:09
Bitcoin Holders in Israel Turn to Court After Central Bank Fails to Set Policy on Cryptocurrency
A number of Bitcoin and cryptocurrency holders in Israel have come out to request local banks unveil policies about digital currency accounts. They are seeking for legal action against traditional banking institutions for their snub to open accounts for clients wanting to deposit cash from digital asset sales. The bitcoin holders are now trying to demand the Bank of Israel and other local financial institutions to make their policies about cryptoasset.
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