The Roadmap For Banks Adopting Bitcoin
Banks Roadmap

The Roadmap For Banks Adopting Bitcoin

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.In a major announcement yesterday, news broke that U.S. banking regulators are exploring a roadmap for traditional banks to…

Four Steps Banks HAVE TO Take To PLAN Crypto, CBDC Disruption
Banks Steps

Four Steps Banks HAVE TO Take To PLAN Crypto, CBDC Disruption

Source: Adobe/peterschreiber.mediaThe world’s banks should brace themselves for the new era of decentralized finance (DeFi) by preparing the necessary technology to maintain and exchange cryptoassets and central bank digital currencies (CBDCs), according to a recent report by blockchain company Cypherium and the Boston Consulting Group (BCG).Cypherium and the BCG say that banks should prepare for…

Banks Not Seeking to Make Own DeFi Options  Investment Banker
Banks looking

Banks Not Seeking to Make Own DeFi Options Investment Banker

Source: Adobe/concept wDespite “massive” opportunities for investment banks in the decentralized finance (DeFi) space, banks are not necessarily looking to build their own systems or alternatives to existing DeFi protocols, a head of corporate development at JPMorgan claims.Speaking during a panel discussion on the second day of crypto research firm Messari’s Mainnet event in New…

Aussie Banks Reject Crypto Industrys ‘Bullying’ Allegations
Aussie Banks

Aussie Banks Reject Crypto Industrys ‘Bullying’ Allegations

Source: Adobe/piter2121Australia’s leading banks National Australia Bank (NAB) and Westpac are rejecting accusations of discrimination against the country’s crypto sector, responding to allegations made by industry representatives during their testimonies before the Australian Senate.”It’s one of the emerging issues that we are looking at – what should our relationship be, if at all, with cryptocurrency,”…

Chinese Banking institutions Bolster Digital Yuan Sources Ahead of CBDC Debut
Banks Chinese

Chinese Banking institutions Bolster Digital Yuan Sources Ahead of CBDC Debut

Source: AdobeStock / EagleMajor Chinese banks are beefing up their digital yuan capacities ahead of the imminent launch of the nation’s central bank digital currency (CBDC). Per the Securities Daily (via East Money), a number of the commercial banks that have already begun working with the central People’s Bank of China (PBoC) on pilots for…

Banking institutions vs. exchanges  regulators overwhelmingly penalize fiat, not really crypto
Banks Exchanges

Banking institutions vs. exchanges regulators overwhelmingly penalize fiat, not really crypto

Data from a recent report suggest that enforcement actions from U.S. regulators against those in the crypto space cost those firms less than 1% of that in traditional finance for the last 20 years.

Chinese Banks Seeking to Use Digital Yuan inside Funds and Insurance policy Sector
Banks Chinese

Chinese Banks Seeking to Use Digital Yuan inside Funds and Insurance policy Sector

Source: Adobe/Aleksandra SovaSome of China’s biggest commercial banks are looking to pilot digital yuan use cases for funds and insurance-related products – in a major move away from the core functions of the pilot thus far. Since the central People’s Bank of China (PBoC) began its pilots, initiatives have focused on B2C payments in stores…

Banks Protest Crypto Companies’ Claim to Federal government Reserve Payments Systems
Banks Protest

Banks Protest Crypto Companies’ Claim to Federal government Reserve Payments Systems

Source: AdobeStock / AlexCrypto businesses are seeking access to the US Federal Reserve’s (FED) payments systems that legacy finance institutions use to move money around swiftly. However, in a bid to protect their privileged position in the US financial system, banks are protesting against providing crypto companies with such access. Some of the major crypto…

Deloitte: Banking institutions Should Embrace Their Inevitable Digital Potential
Banks Cryptocurrency Deloitte

Deloitte: Banking institutions Should Embrace Their Inevitable Digital Potential

Deloitte, one of the “Big Four”, surveyed financial leaders as part of its 2021 Global Blockchain Survey, with the results suggesting a transition to digital assets is inevitable.A total of 1,280 executives and practitioners were surveyed as part of the poll between March 242th and April 10th, with a total of 10 locations being represented:…

Central Banks Were Born From The War Machine And Government Overreach
Banks central

Central Banks Were Born From The War Machine And Government Overreach

Central banks are a fundamental reality of the modern world, but it was not always so. The Bank of England (BoE) was founded in 1694, the first modern central bank. The BoE was born directly from the monetary overreach of the Stuart monarchs. Their military and political ambitions were constrained by the financial power that…