Materials by tag Banking

Dec 30, 2019 at 09:16
Bahamas Set to Launch its own Cryptocurrency, the Sand Dollar
According to the latest reports from the Bahamian government, the country's central bank has moved to launch the country's first bank controlled digital currency. The digital currency dubbed the Sand dollar will be distributed and controlled by the Central bank itself.
Dec 23, 2019 at 09:24
Bank of Italy Explores Impacts of New European Directive on Blockchain
The central Bank of Italy (Bankitalia) recently addressed the topics of bitcoin, cryptocurrencies, Blockchain and distributed ledger technology (DLT), in a detailed paper, as well as investigating the impacts of the new European directive on payment services, also called Payment Services Directive 2 (PSD2).
Dec 18, 2019 at 10:33
Will China Dominate the United States in the Blockchain Space?
China is by far a clear blockchain and distributed ledger technology (DLT) front-runner at this moment in time and the United States is in a critical condition of losing out completely if it doesn’t check itself and begin the venture in a massive manner.
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.
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