Bank – Bit Coin News

Bank of China unveils new e-CNY smart contract test program for school education

Leave a Comment / Uncategorized / By tveoe

According to local news outlet Sohu.com, on Tuesday, the state-owned Bank of China has announced a new program to bridge primary school education with smart contracts. In a combined partnership with local education and financial authorities, parents residing in the city of Chengdu, located in China’s Sichuan province, will be able to enroll their children in …

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Brazil's Largest Investment Bank, BTG Pactual, Launches Crypto Trading Platform

Leave a Comment / Uncategorized / By tveoe

Called Mynt, the product allows customers to trade bitcoin, ether, solana, polkadot and cardano. Source link

DeFi Firms Iron Bank, Yearn Finance Join Layer 2 Protocol Optimism

Leave a Comment / Uncategorized / By tveoe

Developers of the DeFi protocols said that layer 2 networks offer improved security and capital efficiency for users. Source link

Crypto needs ‘enabling environment,’ Philippines central bank says

Uncategorized / By tveoe

Amid the rising cryptocurrency adoption in the Philippines, the country’s central bank is seeking measures to better protect investors through elevating local crypto awareness. The Philippine central bank, Bangko Sentral ng Pilipinas (BSP), wants to promote crypto education as the authority sees a lot of benefits associated with crypto and blockchain, a BSP representative said …

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Philippines Central Bank to Halt Applications for New Virtual Asset Firms for Three Years

Uncategorized / By tveoe

The Philippines’ central bank is closing its application window for new virtual asset services providers (VASP) licences for three years from Sept. 1. Source link

US Senators Warren, Sanders Ask Key Bank Regulator to Rescind Crypto Guidance

Uncategorized / By tveoe

In an open letter addressed to Acting Comptroller Michael Hsu, the lawmakers said they were concerned that several interpretative letters published in 2020 and 2021 under former Acting Comptroller Brian Brooks (now CEO of crypto company Bitfury), which allowed banks to provide crypto custody services, hold stablecoin reserves and engage in other crypto-related activities, “essentially …

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German crypto bank Nuri with 500K users files for insolvency

Uncategorized / By tveoe

Nuri, a German start-up crypto bank with 500,000 customers filed for insolvency on Aug. 9, citing major crypto sell-offs, insolvency of Celsius and other crypto funds earlier this year as a reason for the move. The crypto bank said the move will “ensure the safest path forward” for all its customers, but also stressed that …

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The Reserve Bank of Australia to explore use cases for CBDC

Uncategorized / By tveoe

The Reserve Bank of Australia weighs in the central bank digital currencies (CBDCs) race to explore use cases for a CBDC in the country. It will collaborate with the Digital Finance Cooperative Research Centre (DFCRC) on a respective research project. As stated in an announcement from Aug. 9, the joint project of the Reserve Bank …

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Reserve Bank of Australia Starts New Pilot to Explore CBDC Use Cases

Uncategorized / By tveoe

The Reserve Bank of Australia (RBA) is to explore use cases for a central bank digital currency (CBDC) in “limited-scale” pilot alongside the Digital Finance Cooperative Research Centre (DFCRC). Source link

BitMEX former executive pleads guilty to violating the Bank Secrecy Act

Uncategorized / By tveoe

Another top executive joins three co-founders of the crypto exchange BitMEX, pleading guilty in the United States District Court for the Southern District of New York. The court case under the headline “U.S. v. Hayes et al.” goes on for two years, with BitMEX management being indicted for violating the U.S. Bank Secrecy Act. According …

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