Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion. The new solution, AutoFX, aims to make it easier for smaller banks to streamline cross-border payments for their customers by automating foreign exchange conversion before the transaction occurs, […]
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Bakkt BTC futures are tentatively set to launch in December, while New York regulators give Coinbase the green light for custody services. Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and […]
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The CEO of Visa said that cryptocurrency does not pose a threat to the company’s “hegemony” since it is “more a commodity” than a means of payment. CEO of global payment giant Visa Al Kelly stated that cryptocurrency does not pose a challenge to the company’s dominance in the payment sphere in the “short to […]
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Japan’s central bank doesn’t want a CBDC. What about others? On October 20, The Bank of Japan’s (BOJ) deputy governor, Masayoshi Amamiya, repeated his negative stance towards central bank-issued digital currencies (CBDC), claiming that such digital currencies are unlikely to improve the existing monetary systems. The concept of CBDC, or national cryptocurrencies, has attracted many […]
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The Central Bank of Germany and securities marketplace organizer Deutsche Boerse have completed a successful blockchain settlement trial. The central bank of Germany, Deutsche Bundesbank, and securities marketplace organizer Deutsche Boerse (DB) have successfully completed the trial of a blockchain solution in the settlements area, DB’s report reveals Thursday, Oct. 25. According to the report, […]
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U.K. startup Setl, which provides blockchain solutions for the financial sector, has gained French securities regulator’s approval to run a central securities depository. U.K. blockchain startup Setl is about to enter an E.U. settlement system after receiving approval from the French securities regulator to run a central securities depository, the Financial Times (FT) writes Tuesday, […]
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Danske Bank, which is involved in a 200 billion euro ($230 billion) money laundering scandal in Estonia, revealed that it processed more than $1 trillion in cross-border payments in and out of the country between 2008 and 2015. In September, Denmark’s largest bank launched an inquiry to see if companies with ties to Russia were laundering […]
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Visa is preparing its Hyperledger Fabric-based digital identity system for cross-border payments for launch in the first quarter of 2019. Visa is readying its blockchain-based digital identity system for cross-border payments for launch in the first quarter of 2019, according to a press release published October 21. The system, dubbed Visa B2B Connect, will provide […]
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The government of Bermuda has licensed the first ICO in the country under a new regulatory regime that was introduced this summer. The government of Bermuda has awarded the first certification for an Initial Coin Offering (ICO) under the island nation’s new regulatory regime for crypto and blockchain business, the country’s only daily newspaper, the […]
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Stablecoin Tether has dipped below its 1:1 ratio with the US Dollar after a year of uncertainty regarding its fiat currency reserves. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. Tether, a cryptocurrency that has long been […]
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