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NatWest Bank Chairman has this timeline in mind for UK CBDC Pilot

NatWest Bank Chairman has this timeline in mind for UK CBDC Pilot

Many countries have been more than comfortable with the development of a central bank digital currency [CBDC], rather than with adopting cryptocurrency. The United Kingdom [UK] has been one such country working towards regulating the use of cryptocurrencies within the country. The development of its digital pound could pilot within a few years, according to …

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El Salvador’s biggest bank is now accepting bitcoin payments

El Salvador’s biggest bank is now accepting bitcoin payments

advertisement Clients of El Salvador’s largest bank, Bancoagrícola, will now be able to pay down their loans and credit card bills in bitcoin. They can also now use the cryptocurrency to purchase goods and services from merchants connected to the bank’s payment gateway. Bancoagrícola, founded in 1955 and now owned by Grupo Bancolombia, has tapped …

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Sen. Elizabeth Warren says 'crypto is the new shadow bank'

Sen. Elizabeth Warren says ‘crypto is the new shadow bank’

advertisement U.S. Senator Elizabeth Warren (D-MA), a long-standing critic of cryptocurrency, told the New York Times that, in her view, cryptocurrency is “the new shadow bank.” The Times story focused in large part on BlockFi, the venture-backed crypto lending startup that has drawn the attention of numerous state regulators in the U.S. as part of …

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What you should know if your bank is exposed to Bitcoin

What you should know if your bank is exposed to Bitcoin

On one hand, El Salvador recently became the first nation to officially declare Bitcoin as its legal tender, and on the other, several nations have recently opined that their indigenous banks face a ‘threat’ from the world’s largest crypto-asset. Nevertheless, the rise in the adoption of cryptocurrencies has been accompanied by regulators taking the fast-growing …

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Anchorage rolls out ETH-backed loans with America's 10th oldest bank

Anchorage rolls out ETH-backed loans with America’s 10th oldest bank

Digital asset bank Anchorage is building out its borrowing and lending tools, and it sees its new ether-backed loans as the path to institutional growth. The firm rolled out its latest lending product today in partnership with BankProv, which was founded in 1828 (known then as The Provident Bank). The tie-up will allow institutions that …

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Rep. Waters calls on Biden to reverse policies that let banks custody cryptocurrencies and stablecoin reserves

Dutch central bank reverses strict KYC rules for crypto withdrawals

The Dutch Central Bank, DNB, has reversed its decision to enforce stricter measures for withdrawing cryptocurrencies from exchanges, according to Dutch crypto exchange Bitonic.  In January, the central bank set out rules that required crypto exchanges to collect additional data from their users when they withdraw cryptocurrencies. Namely, users had to add the recipient address …

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European Investment Bank to price €100 million in bonds on Ethereum: report

European Investment Bank to price €100 million in bonds on Ethereum: report

The European Investment Bank (EIB), the investment and development arm of the European Union, plans to price €100 million in bonds registered in the Ethereum network. According to a report by Bloomberg, the EIB’s inaugural blockchain bond sale will consist of €100 million in two-year notes. The bonds could be priced today. The sale of …

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Bank of England, HM Treasury establish new taskforce to explore digital currency

Bank of England, HM Treasury establish new taskforce to explore digital currency

The Bank of England and HM Treasury have jointly created a taskforce to explore a potential central bank digital currency (CBDC) in the U.K. Announcing the news on Monday, the two government authorities said they have not yet decided whether to introduce a CBDC in the U.K. but will explore its use cases and risks. They will …

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Rep. Waters calls on Biden to reverse policies that let banks custody cryptocurrencies and stablecoin reserves

Bank of Japan forms committee to share details on CBDC proof-of-concept

The Bank of Japan said Friday that it has created a “liaison and coordination committee” intended to support its planned efforts to test a central bank digital currency (CBDC) in the coming weeks. As previously reported, Japanese central bank officials said this month that its experiments would begin in the spring. The purpose of the …

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Bank of Japan to begin central bank digital currency experiments later this year

Bank of Japan to begin central bank digital currency experiments later this year

The Bank of Japan (BOJ) will start experiments on a central bank digital currency (CBDC) this spring, according to central bank governor Haruhiko Kuroda. Reuters reported today that Kuroda said the bank must “prepare thoroughly” to issue a CBDC. That includes experimenting with how it would operate a digital yen during the course of this …

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