Called “Sber — Blockchain Economy,” the ETF will trade under the ticker SBBE and track… The post Russian bank Sber launches blockchain ETF tracking Coinbase, Galaxy Digital appeared first on Crypto Advise.
In a major step away from the RBI’s stance in the past towards anything cryptocurrency-related, the report says “In its basic form, a central bank digital currency (CBDC), provides a safe, robust, and convenient alternative to physical cash. In comparison with existing forms of money, it can offer benefits to users in terms of liquidity, […]
The Bank of Thailand will delay its test of a central bank digital currency (CBDC) from the second quarter to late next year, Reuters reported Friday. The retail CBDC will be tested as an alternative payment method for “cash-like activities within a limited scale,” the bank’s Assistant Governor Vachira Arromdee said in August. Thailand will […]
The growing number of banks offering crypto trading and custody for clients requires global rules to protect the financial system, according to Sarah Breeden, the BOE’s executive director for financial stability strategy and risk, the newspaper said.
The Banque de France said it completed the first stage of its experiments into a wholesale central bank digital currency (CBDC) and plans to move on to the next phase, focusing on cross-border payments. France’s central bank has been exploring the use of a CBDC for the exchange of money between financial institutions since March […]
“We had to think about our more institutional business lines and our national presence as a tech-forward bank,” CEO Sam Sidhu said in an interview. “So, not only for our existing commercial and consumer customers, but also for our fintech customers, and now emerging for our digital asset and crypto customers through our real-time payments […]
The Russian central bank is looking to ban cryptocurrency investments in the country, according to a Reuters report. The central bank is in discussions with market players regarding a possible ban. If approved by lawmakers, the ban would only apply to new purchases of crypto assets not to past purchases, the report added. Russia has […]
BCB Group, the crypto-dedicated payments services provider, has acquired fintech-focused Sutor Bank, gaining control of a German bank to drive its expansion in the European Union. Terms of the deal, which requires approval from the German regulator, BaFin, were not disclosed. BCB said it expects the transaction to be cleared by the end of February. […]
Due to the carbon footprint of mining operations, some governments and regulators, such as the Chinese, are taking action, the report said. But as the market value of cryptocurrencies expands “people will find a way to mine, trade and use cryptocurrencies, especially in an unregulated market.”
Silvergate Bank is looking to raise around $461 million through sale of 3.31 million shares of common stock. The crypto-focused bank estimates that net proceeds will be around $532 million if underwriters exercise their option to purchase additional shares in full, according to a filing Wednesday. The shares will be priced at a maximum $145 […]