The current law bans residents from using digital assets. The central bank is preparing to possible reversal of restrictions. … [Read more...] about Tanzania’s president urges central bank to prepare for crypto
U.S. second-oldest State Street bank to focus on digital finance
State Street will launch a new division to develop digital assets, decentralised finance, blockchain and tokenisation … [Read more...] about U.S. second-oldest State Street bank to focus on digital finance
Hedge funds plan to to hold 7% of assets in crypto in coming years
Hedge funds expect to hold about $312 billion in digital assets by 2026 … [Read more...] about Hedge funds plan to to hold 7% of assets in crypto in coming years
Texas to allow state banks to provide cryptocurrency custody to clients
Financial institutions with a state banking license could store copies of the customer’s private keys and accept digital currency transfers … [Read more...] about Texas to allow state banks to provide cryptocurrency custody to clients
China to give out $6.2 million in digital yuan to Beijing residents in continuous trial
Residents of the Chinese capital can apply to win one of 200,000 so-called red packets as part of the lottery worth 200 yuan each. … [Read more...] about China to give out $6.2 million in digital yuan to Beijing residents in continuous trial
British Standard Chartered bank to launch a trading platform for institutional investors
To create its own platform Standard Chartered has entered into partnership with BC Group that owns a Hong-Kong digital asset platform OSL … [Read more...] about British Standard Chartered bank to launch a trading platform for institutional investors
SEC Chairman asks Congress for greater regulatory authority
Gary Gensler believes the measure is necessary to fill the gaps in cryptocurrency regulation in the U.S. … [Read more...] about SEC Chairman asks Congress for greater regulatory authority
Ripple partners with the National Bank of Egypt
The National Bank of Egypt gets access to global remittences network via RippleNet to process transborder payments from the UAE … [Read more...] about Ripple partners with the National Bank of Egypt