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Dutch central bank warns about the rise of the cashless society

June 8th, 2018 at 9:20 am » Comments Off

No cash here. The Dutch central bank DNB said on Tuesday it had concerns about the decline in the use of cash, saying the lightning-fast rise in digital payments could lead to vulnerable groups having limited access to goods and services. While apps and other digital methods of payment are rising in popularity, ‘there is […]



World’s first cryptocurrency bank opened in Singapore

April 30th, 2018 at 3:22 pm » Comments Off

The co-Founder of Nuo, Varun Deshpande announced on twitter that they are opening a bank in Singapore. This is not just a normal bank but a virtual bank for cryptocurrencies. He also stated that they will open an ATM for virtual digital money as well. They are also introducing a new technology- Advanced Robotic Account […]



Artificial intelligence will wipe out half the banking jobs in a decade, experts say

April 23rd, 2018 at 3:21 pm » Comments Off

Advances in artificial intelligence and automation could replace as many as half the nation’s financial services workers over the next decade, industry experts say, but it’s going to take a big investment to make that happen. James D’Arezzo, CEO of Glendale-based Condusiv Technologies, says that’s where things are headed. And the process will be complicated. […]



Mastercard will support cryptocurrencies – as long as they’re backed by governments

March 27th, 2018 at 10:27 am » Comments Off

It seems Mastercard is gradually softening its stance on cryptocurrency, after CEO Ajay Banga downplayed non-government mandated digital currencies as “junk” back in October last year. In a conversation with Financial Times, Ari Sarkar, Mastercard co-president for the Asia-Pacific region, said the company is open to explore cryptocurrencies created and backed by governments.



The World Bank is no longer supporting the oil and gas industries

January 22nd, 2018 at 10:29 am » Comments Off

The World Bank is starting to phase out its support for the oil and gas industries. The move is part of efforts to address climate change and reinforce the Paris Climate agreement. It also suggests that the Bank intends to play a leading role in the battle against climate change as the US turns its […]



Here’s what the World’s Central Banks are saying about bitcoin

December 13th, 2017 at 12:10 pm » Comments Off

More than eight years since the birth of bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital currencies.



Asset prices are high across the board. Is it time to worry?

October 11th, 2017 at 10:01 am » Comments Off

With ultra-loose monetary policy coming to an end, it is best to tread carefully



IMF head forsees the end of banking and the triumph of cryptocurrency

October 7th, 2017 at 3:32 pm » Comments Off

In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies.



5 cryptocurrencies you should know about besides bitcoin

October 4th, 2017 at 10:28 am » Comments Off

Bitcoin may grab most of the headlines, but it’s far from the only cryptocurrency or cryptoasset. These others may even be more useful in the long run.



Chinese central bank hiring blockchain experts

August 8th, 2017 at 5:18 pm » Comments Off

However, China is seeking fresh Blockchain experts to manage and create internal currency and ledger programs.



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