Banking news articles
US Lawmaker Introduces Bill Prohibiting ‘Surveillance Tool’ Retail CBDC
A US lawmaker is seeking to stop the Federal Reserve from issuing a CBDC (Central Bank Digital Currency) directly to its consumers due to co...
Bank of Jamaica Successfully Completes CBDC Trial, Rollout Scheduled for Q1 2022
The Bank of Jamaica (BOJ) has recently completed its Central Bank Digital Currency (CBDC) pilot with eCurrency Mint. The project will be rol...
FBI Seizes $154 Million in Bitcoin Stolen from Sony by Rogue Employee
US law enforcement has taken legal action to seize and return over US$154 million embezzled from Sony Life Insurance Company Ltd by an emplo...
Billionaire Hedge Fund Manager: Bitcoin Has Merit as ‘Younger Generation’s Gold’
Ray Dalio runs the largest hedge fund on Earth, with US$105 billion under management. After previously dismissing it, earlier this year he d...
Russia Central Bank Moves to Ban Investment in Crypto
According to a report by Reuters, the Central Bank of the Russian Federation (CBR) is looking to ban crypto investments. In a directive issu...
Bank of England Says BTC ‘May Be Worthless’, But Pound Down 98% Against BTC in 5 Years
The Bank of England (BOE) is well-known for its hawkish stance towards Bitcoin, so it should come as no surprise that its deputy governor, S...
Survey Finds Most Australians Still Have No Idea About Crypto or NFTs
Contrary to findings published last week by the Independent Reserve Cryptocurrency Index (IRCI), a new Saxo Markets survey reveals only one ...
RBA Wholesale CBDC Trial ‘Project Atom’ Heralded a Success
While the Reserve Bank of Australia (RBA) has been investigating central bank digital currencies (CBDCs) for some time, its policy position ...
CBA Account Holders May Soon Get Interest on their Crypto
Last month, the Commonwealth Bank of Australia (CBA) became the first in Australia to offer crypto to its customers. Now the country’s...
SEC Chairman Admits: Bitcoin Competes With the US Banking System
At the Digital Asset Compliance and Market Integrity Summit held in New York on December 1, Securities and Exchange Commission (SEC) chairma...
Bitcoin Slides After Hitting All-Time High in Turkey Amid Currency Crisis
Turkey is in the grip of a crippling currency crisis as the Turkish lira continues its freefall. The sell-off was sparked after President Re...
CBA’s Crypto Team to Help Track Down Money Launderers
Despite ongoing sentiment in traditional finance circles that crypto is the “Wild West”, Chainalysis, which recently partnered w...