Tag Archives: Bank

Are CryptoKitties Ethereum’s Hottest Commodity? | Bank Innovation

Think cryptokitties is not serious business? Think again. The Ethereum-based digital kitten collectibles game has taken over the blockchain platform. On Sunday, one such digital kitty sold for more than $120,000 (£90,000). Overall, according to a CoinBase article the cryptokitty sale reached $12 million last week. And the trend shows no sign of slowing down: […]

Banca IMI Bank Explores Ethereum Derivatives

A subsidiary of global banking giant Intesa Sanpaolo is taking steps to reimagine what the $1.2 quadrillion derivatives market might one day look like on a public blockchain. In a new white paper released today, Banca IMI details how an ethereum smart contract built by Intesa Innovation, Banca IMI and blockchain startup Oraclize makes it impossible for […]

Central Bank of Malaysia Plans Cryptocurrency Reporting Rules

The governor of Malaysia’s central bank, Bank Negara Malaysia (BNM), has provided more detail on its upcoming regulatory framework aimed to counter the illicit uses of cryptocurrencies. In statements made today at a counter-terrorism financing summit, BNM governor Muhammad Ibrahim said the new rules are being drawn up to combat the financing of money-laundering and terrorism in […]

Swiss bank to launch bitcoin futures to allow betting against cryptocurrency

ZURICH (Reuters) – Swiss bank Vontobel said it will start trading Switzerland’s first two mini futures to short bitcoin on Friday, giving investors a tool to bet against the value of the volatile cryptocurrency or to hedge bitcoin positions. The newly launched logo of Swiss bank Vontobel is seen at an office building in Zurich, […]

Swiss bank to launch bitcoin futures to allow betting against cryptocurrency

ZURICH (Reuters) – Swiss bank Vontobel said it will start trading Switzerland’s first two mini futures to short bitcoin on Friday, giving investors a tool to bet against the value of the volatile cryptocurrency or to hedge bitcoin positions. The newly launched logo of Swiss bank Vontobel is seen at an office building in Zurich, […]

Central Bank of Iran Plans Comprehensive Review of Cryptocurrency Policy

The Central Bank of Iran plans to conduct a comprehensive review of its policies covering Bitcoin and other cryptocurrencies. The move was made after the government-owned central bank has announced that it is softening its stance on the virtual currencies. In a press conference in mid-November 2017, Central Bank of Iran Deputy Director of New […]

Iran Central Bank Director: Policy Review Needed for Risky Bitcoin Market

The Central Bank of Iran is opening up about its stance on cryptocurrency. Speaking at a press conference this week, deputy director of new technologies, Naser Hakimi, said that the government-owned central bank is studying bitcoin and that it plans a comprehensive review of its policies in this area. The remarks came amid a wider set of comments on […]

People’s Bank Of China Maintains Focus On State-Backed Cryptocurrency Amid Bitcoin Clampdown

Nowhere is the showdown between private and government-backed cryptocurrency more obvious than in China. As regulators squash bitcoin exchanges and token offerings, officials from the PBoC maintain interest in creating a central bank-issued digital currency. On November 4, 2017, Yao Qian, the Deputy Director of the PBoC’s Science and Technology Division and director of the […]

Kremlin Representative Presents Drafts On Cryptocurrency Regulation To Russian Bank

November 7, 2017 10:28 PM The Kremlin’s business ombudsman Boris Titov is advocating for state consolidation of cryptocurrency regulation, in what he says is an effort to reduce obstruction by law enforcement in the growing Russian blockchain-based industry. The regulations he proposes may introduce a tax to miners of cryptocurrency. Reports from Moscow on November […]

European Central Bank Member: We Aren’t Ignoring Cryptocurrency

Long active in evaluating blockchain technology broadly, a European Central Bank (ECB) official took steps this week to stress the institution is closely watching cryptocurrency. In an interview published on Oct. 29, Benoît Cœuré, one of the central bank’s executive board members, elaborated briefly on the bank’s views on the subject, telling Le Journal du […]

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