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The Consumer Financial Protection Bureau (CFPB) is accusing TD Bank of repeatedly placing its customers’ ability to access employment, housing and credit at risk. According to the US financial regulator, TD Bank systematically shared “inaccurate, negative information” on its customers with consumer …
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.
BoJ's rate hold amid inflation concerns highlights cautious economic strategy, contrasting with US Fed's aggressive rate cuts boosting markets. The post Bank of Japan keeps rates unchanged after core inflation firm to 2.8% appeared first on Crypto Briefing.
In a major macro development, the Bank of Japan (BOJ) has decided to keep interest rates unchanged at 0.25%. The development sent the Nikkei index soaring by 2.10% and 700 points today itself. As the fears of the further unwinding of the Yen carry trade subside, Bitcoin and altcoins have also been s…
Australia's central bank focuses on wholesale CBDC for financial institutions. RBA sees limited benefits in individual CBDC for the general public. Continue Reading:Australia’s Central Bank Prioritizes Wholesale Digital Currency to Secure Financial Stability The post Australia’s Central Bank Priorit…
The partnership will bring cryptocurrency trading and custody solutions to around 700 cooperative banks, with an initial rollout planned for late 2024.
Coinspeaker Bank of Canada Drops Central Bank Digital Currency (CBDC) Plans A Bank of Canada spokesperson stated that the bank has undertaken “significant research on the implications of a retail central bank digital currency". Bank of Canada Drops Central Bank Digital Currency (CBDC) Plans
The Bank of Canada has reportedly shifted its focus away from the idea of introducing a digital Canadian dollar. The Bank of Canada seems to be shifting its focus away from developing a government-backed digital currency, seven years after it…
DBS Bank, Singapore’s largest bank, has announced plans to launch over-the-counter (OTC) crypto options trading and structured notes for institutional clients in Q4 2024. This new offering will allow institutional investors to gain exposure to bitcoin and ethereum, the two largest cryptocurrencies b…
An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency investigation. The court stressed that freezing accou…
China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank digital currency (CBDC) have been conducted in 17 dif…
The Central Bank of Brazil disclosed a new set of use cases that will be part of the second phase of the ongoing pilot of its drex CBDC. Among the 13 instances selected from the 46 presented are platforms for tokenizing real estate, liquidity pools for trading public securities, and even automating …