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Norwegian Air’s Crypto Exchange May Get Bigger Than Bank Norwegian Says ex-CEO

It’s not long ago when Norwegian Air announced its plans of accepting Bitcoin at their airline and launching their own cryptocurrency exchange, NBX. The cryptocurrency exchange is scheduled to be launched by the end of August. While talking to E24, Norwegian Air’s former CEO, Bjørn Kjos, the person who played a major role in this […]

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Bitcoin Faces Weak Technicals, But Bank of China’s Interest in BTC May Be Bullish

Bitcoin (BTC) has been incurring significant selling pressure as of late that has caused significant damage to its technical strength. This selling pressure is coming in spite of some bullish fundamental developments that have occurred as of late, including the state-sponsored Bank of China offering what can be defined as a bullish outlook on Bitcoin. […]

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US Treasury Sec: We Don’t Want Bitcoin Becoming a “Swiss-Numbered Bank Account”

Now that the U.S. Congress and Senate have finished their hearings with Facebook, U.S. Treasury Secretary Steven Mnuchin has set his regulatory sights on Bitcoin. Increased Regulation on the Table Again It appears that the aftermath of the US Congress and Senate Banking Committee’ hearings on Facebook’s Libra coin could present a new set of […]

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Turkey’s New Economic Roadmap Calls for Central Bank Cryptocurrency

The initiative is part of Turkey’s 11th Development Plan aimed at to reinvigorating the national economy.

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Iran Central Bank Deputy Chief Tells Citizens Trading Bitcoin Is Illegal

The deputy governor of the Iranian central bank told media outlets that trading bitcoin and other cryptocurrencies within the country is illegal. Iranian residents took to the pioneer cryptocurrency as a means of securing their wealth as the Iranian Rial depreciated over the past three years, as reported by Tasnim News Agency on July 8, 2019. […]

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Bitcoin Trading is Illegal in Iran, Says Central Bank Deputy Governor

Holding, selling, and purchasing of bitcoin are illegal in Iran, an official with the central bank told Tasnim News. Deputy governor for new technologies, Mr. Nasser Hakimi, said on Monday that the Supreme Council on Countering Money Laundering had banned bitcoin trading. He warned Iranian cryptocurrency users of legal risks of investing in non-sovereign assets, […]

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Facebook Libra Cryptocurrency Has Its Uses, Says Bank of England Governor

Mark Carney thinks that while regulators will have to be satisfied, Facebook users will want a cheaper way of moving money. The head of the United Kingdom’s central bank has said Facebook’s new libra cryptocurrency could have genuine use cases if it can conform to regulatory demands, the Financial Times (FT) reported on June 18. […]

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Poland’s Bank Alior Adopts Ethereum Smart Contracts Blockchain

Alior Bank, the 10th largest bank in Poland, has launched a document verification system based on the Ethereum network, to enable its customers to seamlessly check on the authentication and integrity of official documents, according to a Forbes report on June 17, 2019. Bank Alior Joins the Blockchain Bandwagon Per sources close to the matter, […]

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Long Bitcoin, Short Duetsche Bank Has Been The Best Trade in 2019

Buying Bitcoin while shorting the stocks of multinational investment bank Deutsche Bank in 2019 might be the best trade you could have done in 2019.  Long Bitcoin, Short The Bankers “Long Bitcoin, Short The Bankers” has turned into a somewhat popular catchphrase commonly used by Morga Creek Capital’s Anthony ‘Pomp’ Pompliano. Looking at hard data […]

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Buy Failing Deutsche Bank With Bitcoin, Suggests Fund Manager

Frankfurt-based multinational investment bank Deutsche Bank has seen its stock price decline over the past five years with no signs of revival. Popular cryptocurrency fund manager Anthony Pompliano says that it would be interesting if people put their bitcoin together and bought it out.  Deutsche Bank Stocks in a Free Fall Deutsche Bank (DB) is […]

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Powerful Indian Tech Lobby Urges Central Bank to Favor Bitcoin Startups

By CCN: Dominant Indian tech lobby, NASSCOM, is pushing the Reserve Bank of India to be inclusive with cryptocurrencies like bitcoin in its regulatory sandbox to shape the future of the country’s fintech industry. NASSCOM, which represents the $154 billion Indian IT sector and is a powerful voice in the industry, is calling for the […]

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Why We Should Never Hope For A Central Bank Of Bitcoin

Bitcoin economist, Tuur Demeester, explains why the idea of a ‘Central Bank’ of Bitcoin would create more problems than it would solve.   Bitcoin Exchanges Similar To Early US Banking System In the wake of the Binance hack and Bitfinex/Tether debacle, are crypto exchanges becoming ‘too big to bail’? And if so, should we be […]

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Myanmar Central Bank Warns Against Cryptocurrency Trading

Myanmar’s apex bank is sounding a note of warning to citizens against the dangers of trading with cryptocurrency. Per the report from The Irrawaddy May 03, 2019, the country’s central bank frowns on the use of virtual currencies, as there have been reports of digital currency scams by inexperienced victims. Cryptocurrency Fraudsters Target Beginner Traders According to […]

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IMF and World Bank Launch Quasi-Cryptocurrency in Exploration of Blockchain Tech

The IMF and the World Bank have launched a private blockchain and a quasi-coin to learn more about the technology. The International Monetary Fund (IMF) and the World Bank have jointly launched a private blockchain and a so-dubbed quasi-cryptocurrency, the Financial Times (FT) reports on April 12. According to the newspaper, the asset called “Learning […]

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Societe Generale’s Bank Taps Into Blockchain Launching Its First Exchange-Traded Note

Coinspeaker Societe Generale’s Bank Taps Into Blockchain Launching Its First Exchange-Traded Note Societe Generale Private Banking has announced the launch of a new Luxembourg-listed, actively managed exchange-traded note aiming to target the blockchain sector. Societe Generale’s Bank Taps Into Blockchain Launching Its First Exchange-Traded Note Continue reading at Coinspeaker

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Mexican Central Bank Looks to Hamstring Cryptocurrency Exchanges

Mexico’s central bank, Banco de México, is reportedly leveraging the country’s new fintech law to propose further regulations that would, in all but definition, ban cryptocurrency exchanges.  According to a report from Washington, D.C.-based non-profit research and advocacy center Coin Center, the proposed laws in Mexico would hamstring cryptocurrency exchanges ability to access the local […]

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Israeli Court Rules Against One-Size-Fits-All Bitcoin Ban by Bank

An Israeli court ruled on March 17, 2019, that banks can't enforce a blanket ban against all accounts linked to cryptocurrency. Instead, the court said, banks need to consider the specific type and scope of crypto-related activity before determining whether or not to open an account. The case involved a lawsuit begun in May 2018 […]

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Federal Reserve Bank Stands Prepared to Study ‘Collapse of the Bitcoin Market’

When the Federal Reserve conducts stress tests to measure risk in the U.S. financial markets, it may study “extraordinary” events like a “collapse in the Bitcoin market.” Indeed, the U.S. central bank has recognized Bitcoin as potentially being a “salient risk” to the market at-large. Since the 2009 Great Recession, the Federal Reserve has been […]

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Central Bank of Bahrain releases cryptocurrency and blockchain-specific regulations

The latest to join the bandwagon of countries gearing up for cryptocurrency adoption is the Persian Gulf country of Bahrain. The Central Bank of Bahrain [CBB] officially released regulations dedicated to blockchain and digital asset operations in the country. The structure of the final set of regulation encompasses the realms of crypto licensing, governance, capital, […]

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Spain’s Central Bank: Bitcoin Inefficient As Large-Scale Payment System

Spain’s Central Bank, Banco de España (BDE), has published a report stating that Bitcoin is inefficient as a payment system. It may, however, have slightly missed the boat, as it does ignore second layer protocols such as Lightning Network. Good Title, Shame About The Rest The author of the report, BDE’s Deputy General Director of Financial […]

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‘Already Live’: Signature Bank Is Moving Millions on a JPMorgan-Like Private, Dollar-Backed Cryptocurrency

While crypto-land is abuzz about JPMorgan’s plan to move dollars via blockchain, a smaller New York bank is already doing this.

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Bitcoin [BTC] may still be the rockstar in this asset class but, it appears to be aging fast, says Bank of Canada

Recently, Bank of Canada, the North American country’s central bank released a report on Bitcoin [BTC] and other cryptocurrencies, titled ‘Crypto Money – Perspective of a couple of Canadian Central Bankers’. The report takes a deep dive into the cryptocurrency space, its evolution and its current role in terms of affecting the central bank’s role […]

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Santander Bank Ordered to Keep Brazilian Bitcoin Exchange Account Open

Brazilian cryptocurrency exchange Bitcoin Max finally won its battle to keep its Santander checking account open. The Battle with the Banks Is An Ongoing Saga Working with banks hasn’t been easy for cryptocurrency exchanges and blockchain startups in most parts of the world. And in what’s been an ongoing saga for Bitcoin Max, cryptocurrency exchanges […]

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