Banks

Indian Banks Still Cryptophobic Despite No Banking Prohibition

In a recent response to a Right to Information query, the Reserve Bank of India, the Indian central bank, has stated that there is no prohibition on banks to provide bank accounts to cryptocurrency traders. But some banks have been arbitrarily denying services to crypto users and are still doing so. If there is no …

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Swiss Regulators Green Light Crypto Transactions for Local Bank

The Swiss Financial Market Supervisory Authority, or FINMA, has authorized InCore bank to carry out digital assets transactions, allowing customers worldwide to access and transact within the bank. The official announcement represents an important step in creating a blockchain-friendly environment across the EU banking sector. InCore bank becomes the first Swiss business-to-business bank approved to …

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Covid-19 Economy Fuels Faith in Crypto: Trust In Bitcoin Over Banks Increased 3X Since 2017

The market research organization, The Tokenist, recently published a report called “Comparing Public Bitcoin Adoption Rates in 2020 vs 2017.” The study’s findings give a comprehensive look at the cryptocurrency ecosystem between 2017 and now. The researchers’ survey shows that since the post-Covid-19 economy is setting in, trust in bitcoin has grown 29% in the …

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Fed Chair: ‘We Have the Ability to Create Money Digitally’

Chair of the United States Federal Reserve Jerome Powell recently spoke about measures taken during the financial crisis, with many on Twitter viewing his remarks as evidence of the need for cryptocurrency. In a May 17 interview on 60 Minutes, Powell spoke to news anchor Scott Pelley, saying the Fed had essentially flooded the economy …

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Gold Ownership Has Been Difficult, Until the Days of Crypto

Gold’s history as a symbol of value dwarfs that of any other artifact. Used as money in both ancient Greece and the Roman empire, gold was also the preferred method of payment for goods along the Silk Road. When modern banking emerged during the Italian Renaissance, the concept of paper money convertible into gold was …

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Central Bank Digital Currencies: Changing the Architecture of Money

Once a niche enthusiasm with the launch of Bitcoin (BTC), digital money powered by blockchain technology has matured rapidly in just a few short years. The market is now highly diverse. For example, audited stablecoins, along with fixed use digital cash projects introduced by Wells Fargo and JP Morgan last year, stand in stark contrast …

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