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Russia’s Largest Private Bank Launches Digital Asset Platform
Finance

Russia’s Largest Private Bank Launches Digital Asset Platform – Finance Bitcoin News

February 6, 2023 0

Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s monetary authority added Alfa-Bank to its register of digital asset issuers this […]

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say
Finance

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say – Finance Bitcoin News

February 3, 2023 0

Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not […]

Crypto Bank Custodia Denied Membership in US Federal Reserve System
Finance

Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin News

January 29, 2023 0

The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the digital asset bank is […]

Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit
Finance

Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit – Finance Bitcoin News

January 27, 2023 0

Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to Iran where officials […]

‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament
Finance

‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament – Finance Bitcoin News

January 26, 2023 0

Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter […]

China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs
Finance

China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs – Finance Bitcoin News

January 23, 2023 0

The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based digital […]

Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022 – Finance Bitcoin News
Finance

Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022 – Finance Bitcoin News

January 20, 2023 0

Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto […]

Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy
Finance

Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy – Finance Bitcoin News

January 19, 2023 0

The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure […]

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil
Finance

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil – Finance Bitcoin News

January 18, 2023 0

Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a […]

Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023
Finance

Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023 – Finance Bitcoin News

January 17, 2023 0

The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals for the pilot […]

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