Major bank BBVA supports Bitcoin services
Spain’s second-largest bank, BBVA, is launching a new business for private banking clients in its Swiss arm that will allow investments in alternative digital assets alongside Bitcoin trading and custody…
Project Jura: The next step for a Swiss CBDC?
The Swiss National Bank (SNB) is continuing its experiments in the field of central bank currencies (CBDCs). “Project Jura” is investigating cross-border payment processing in cooperation with the central bank…
Standard Chartered launches trading platform for cryptocurrencies
Standard Chartered Bank (StanChart) wants to establish an institutional trading platform for cryptocurrencies in the UK and Europe. The new exchange is expected to launch in the fourth quarter of…
Digital Yuan ready for use as of 2022
The People’s Bank of China (PBoC), the Chinese central bank, plans to use their digital yuan during the 2022 Winter Olympics in Beijing. It could be the first test for…
Hedge Funds Increasingly Interested in Cryptocurrencies
PricewaterhouseCoopers International (PwC) has published a comprehensive report on cryptocurrencies. The study provides an overview of how hedge funds and asset managers are dealing with the new asset class on…
Federal Reserve Considers Central Bank Digital Currency (CBDC)
The Federal Reserve Bank will publish a report on the potential transition to a Central Bank Digital Currency (CBDC) in the summer of 2021. The advanced projects of several countries,…
China Bans Crypto Services
Chinese financial authorities have banned financial institutions and payment companies from offering services related to cryptocurrencies and warned investors against speculative crypto trading. Instead, they are developing a central bank…
eBay enables selling of non-fungible tokens (NFTs)
A week ago, eBay announced that payments with cryptocurrencies were under consideration. Now, the operator of one of the largest online marketplaces has decided to enable the buying and selling…
Tesla Suspends Payments with Bitcoin
A few months ago, US car manufacturer Tesla announced a billion-dollar investment in Bitcoin. Since then, it was also possible to buy electric cars with the cryptocurrency. This option has…
UBS wants to offer cryptocurrencies to clients
Over the past year, some banks have expanded their services to cryptocurrencies due to strong demand. Especially in the US, this trend is picking up. Now UBS also wants to…