Category: Banks
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Some Russian officials are being forced to sell their crypto by April 2021
Some Russian public officials have to disclose their crypto holdings, while other officials are obliged to hold zero crypto by April 1, according to a new law.
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Bitcoin becoming a cyclical asset, not a hedge, according to JPMorgan strategists
Strategists at the Wall Street megabank disagree with their colleagues view that Bitcoin is becoming digital gold.
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Access denied: Banks seem prone to cryptophobia despite growing adoption
Banks in many countries continue to either outrightly deny or limit their services to crypto exchanges.
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Top Russian bank Sberbank plans to launch its stablecoin by spring 2021
Sberbank has applied with the Central Bank of Russia to launch a blockchain platform for its “Sbercoin” stablecoin.
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An online future for finance is inevitable, says OCC’s Brooks
Brooks considers the migration of the financial system onto the internet “inevitable.”
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Digital ruble could be still vulnerable to fraud, Russian banks warn
The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble.