By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank.
Banks News
A bank is a financial organization that generates revenue by charging interest on lent capital, transaction fees and giving financial advice. The banking sphere is subject to strict governmental regulations, as it is one of the most significant agents in the financial system. Commercial banks are involved in a wide variety of activities, from personal banking and consumer finance to foreign exchange and money market trading. The World Bank is an organization with the aim of reducing poverty and helping underdeveloped countries with economic development. The World Bank Group includes five organizations, with one of them being International Bank for Reconstruction and Development (IBRD), which is often confusingly referred to as the World Bank. Modern times have reduced the barriers of global competition of banks all over the world and has made the banking sphere more and more globalized.
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by Helen Partz
The central bank of France plans to pilot a central bank digital currency for financial institutions by the end of the first quarter of 2020.
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Bank of Japan Governor Haruhiko Kuroda said that there is no public demand for a central bank digital currency in the country.
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A statement from MUFG contradicts earlier press reports, which claimed that it would launch a digital currency in 2020 following a recent partnership.
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A Danish court has ruled that the country’s major bank Nordea can bar its employees from owning Bitcoin and other digital currencies.
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Commerzbank, Credit Suisse and UBS carried out the first transactions on Deutsche Boerse and HQLAX’s DLT-enabled security lending platform.
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Japanese holding company SoftBank has introduced a debit card featuring a built-in cryptocurrency wallet.
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Next year, German banks could become legal custodians of Bitcoin and other cryptocurrencies, according to a new bill.
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by Helen Partz
Developed by the Cardano Foundation and Coti, the solution allows merchants to accept ADA payments with settlement in 35 fiat currencies.
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Stock and cryptocurrency trading platform Robinhood has withdrawn its bank charter application with the U.S. Office of the Comptroller of the Currency.
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by Helen Partz
Major United States-based crypto exchange Kraken joined the Silvergate Exchange Network, following Winklevoss’ Gemini.
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by Helen Partz
British banking giant HSBC will digitize paper-based records of $20 billion in private placements with blockchain technology by March 2020.
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by Helen Partz
Ghana is exploring a central bank digital currency “with the possibility of issuing” an e-cedi in the near future.
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by Helen Partz
China’s digital currency approach will favor international payments and domestic retail system, former PBoC governor Zhou Xiaochuan said.
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by Helen Partz
U.S. financial services giant BNY Mellon has joined R3’s blockchain trade finance network, the Marco Polo Network.
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