Currency Risks
- All
- News
- Videos
-
US Banks Permitted to Offer Crypto Custody and Management Services, OCC Confirms
The US Office of the Comptroller of the Currency (OCC) has clarified that all national banks and federal savings associations under its control are permitted to offer crypto services to their clients. These may include crypto-to-fiat conversions, trade executions, and tax services among others.
-
US Bank Regulators Pull Back Guardrails on Bank Crypto Activities
US banking regulators have pulled back directives urging banks to show caution when dabbling in cryptocurrency. Under the prior guidance, regulators warned banks to be wary of volatility, legal uncertainty and liquidity risks when considering whether to provide crypto-related services or take on crypto companies as clients.
-
South Korea’s Central Bank Dismisses Bitcoin as Reserved Asset Citing Uncertainty, Risks: Report
The Bank of Korea (BoK) has reportedly said that Bitcoin’s volatility is a matter of risk and concern for the country’s national stability. The BoK said that it had not even begun to review the possibility of having Bitcoin as a reserved asset alongside gold and fiat currencies among other securities.
-
Liechtenstein to Adopt, Accept Bitcoin for Select Government Services: Here’s What We Know
Liechtenstein will soon accept Bitcoin as a mode of payment for select services. The move is expected to avoid exchange-rate risks by accepting Bitcoin deposits and immediately converting them for the country’s native fiat currency, the Swiss franc. The development has been confirmed by Daniel Risch, who serves as both the Prime Minister as well ...
-
India, UK Discuss Crypto Assets; Focus on Robust Approach to Handling Risks and Vulnerabilities
India and the UK discussed international developments regarding crypto assets at the India-UK 2nd Financial Markets Dialogue t the India-UK 2nd Financial Markets Dialogue on Wednesday. Both countries' participants at the dialogue provided updates on recent developments in their respective banking sectors. They also discussed banking trends and emer...
-
RBI Governor Says Next Financial Crisis Will Come from Private Cryptocurrencies
RBI governor Shaktikanta Das said on Wednesday that the next financial crisis would be caused by private cryptocurrencies. He also added that digital currencies have no underlying value and pose risks for macroeconomic and financial stability, and reiterated his view that they should be banned.
-
Thai Central Bank Digital Currency to Enter Testing This Year, Bank of Thailand Says
Thailand will begin testing its retail digital currency from late this year to the middle of 2023, the Bank of Thailand said on Friday. The retail central bank digital currency (CBDC) will be used in conducting cash-like transactions within limited areas, among about 10,000 retail users as part of the limited testing. Benefits and risks from the pi...
-
Goldman Sachs Issues First Bitcoin-Backed Loan in History, Here’s What We Know
Goldman Sachs has issued its first loan, collaterised by Bitcoin. The details of the borrower involved in this transaction remains undisclosed. A Bitcoin-backed loan allows the asset holder to borrow fiat currency like Rupees or Dollars against their Bitcoin holdings. The bank had begun researching on Bitcoin-backed loans around December last year.
-
US 'Digital Dollar': Will It Reshape How Money Is Used Around the World?
US ‘digital dollar’, a Central Bank Digital Currency (CBDC), has the potential to impact how money is moved and used around the world. Here’s how it can benefit and a look at the risks that tag along.
-
'Game Over for Fiat': El Salvador President Nayib Bukele Hits Back at Critics
El Salvador President Nayib Bukele has tweeted that people who called his decision to legalise Bitcoin an “experiment” will continue watching how “mass adoption changes a country’s economy.”
-
Volatility Is Colossal: Vladimir Putin Calls for Greater Crypto Monitoring, Regulation
The Russian President fears the risks that come with cryptocurrencies, which are decentralised and unregulated assets, capable of facilitating instant money transfers without geographical restrictions.
-
Digital Dollar Risks Local Currencies In Poorer Countries: Raghuram Rajan
The introduction of a digital U.S. dollar could help democratize banking in poorer countries, but it also poses a risk to local currencies if it were readily accessible, according to former Indian central bank Governor Raghuram Rajan.
-
Stablecoin cryptocurrency said to be discussed within US treasury, financial industry
The US Treasury Department met with a number of industry participants this week to quiz them about the risks and benefits posed by stablecoins — a rapidly growing type of cryptocurrencies, the value of which is pegged to traditional currencies, according to three people with direct knowledge of the meetings.
-
Cryptocurrencies Are Not Money, Mexico Warns of Risks
Mexican financial authorities on Monday said that cryptocurrency assets are not legal tender in Mexico and are not considered currencies under current laws, warning that financial institutions that operate with them are subject to sanctions.
-
Dogecoin Investor Says He Became a Millionaire in 2 Months
The investor said his initial investment had grown from Rs. 1.3 crores to almost Rs. 15 crores after the value of the meme cryptocurrency surged.
-
US Banks Permitted to Offer Crypto Custody and Management Services, OCC Confirms
The US Office of the Comptroller of the Currency (OCC) has clarified that all national banks and federal savings associations under its control are permitted to offer crypto services to their clients. These may include crypto-to-fiat conversions, trade executions, and tax services among others.
-
US Bank Regulators Pull Back Guardrails on Bank Crypto Activities
US banking regulators have pulled back directives urging banks to show caution when dabbling in cryptocurrency. Under the prior guidance, regulators warned banks to be wary of volatility, legal uncertainty and liquidity risks when considering whether to provide crypto-related services or take on crypto companies as clients.
-
South Korea’s Central Bank Dismisses Bitcoin as Reserved Asset Citing Uncertainty, Risks: Report
The Bank of Korea (BoK) has reportedly said that Bitcoin’s volatility is a matter of risk and concern for the country’s national stability. The BoK said that it had not even begun to review the possibility of having Bitcoin as a reserved asset alongside gold and fiat currencies among other securities.
-
Liechtenstein to Adopt, Accept Bitcoin for Select Government Services: Here’s What We Know
Liechtenstein will soon accept Bitcoin as a mode of payment for select services. The move is expected to avoid exchange-rate risks by accepting Bitcoin deposits and immediately converting them for the country’s native fiat currency, the Swiss franc. The development has been confirmed by Daniel Risch, who serves as both the Prime Minister as well ...
-
India, UK Discuss Crypto Assets; Focus on Robust Approach to Handling Risks and Vulnerabilities
India and the UK discussed international developments regarding crypto assets at the India-UK 2nd Financial Markets Dialogue t the India-UK 2nd Financial Markets Dialogue on Wednesday. Both countries' participants at the dialogue provided updates on recent developments in their respective banking sectors. They also discussed banking trends and emer...
-
RBI Governor Says Next Financial Crisis Will Come from Private Cryptocurrencies
RBI governor Shaktikanta Das said on Wednesday that the next financial crisis would be caused by private cryptocurrencies. He also added that digital currencies have no underlying value and pose risks for macroeconomic and financial stability, and reiterated his view that they should be banned.
-
Thai Central Bank Digital Currency to Enter Testing This Year, Bank of Thailand Says
Thailand will begin testing its retail digital currency from late this year to the middle of 2023, the Bank of Thailand said on Friday. The retail central bank digital currency (CBDC) will be used in conducting cash-like transactions within limited areas, among about 10,000 retail users as part of the limited testing. Benefits and risks from the pi...
-
Goldman Sachs Issues First Bitcoin-Backed Loan in History, Here’s What We Know
Goldman Sachs has issued its first loan, collaterised by Bitcoin. The details of the borrower involved in this transaction remains undisclosed. A Bitcoin-backed loan allows the asset holder to borrow fiat currency like Rupees or Dollars against their Bitcoin holdings. The bank had begun researching on Bitcoin-backed loans around December last year.
-
US 'Digital Dollar': Will It Reshape How Money Is Used Around the World?
US ‘digital dollar’, a Central Bank Digital Currency (CBDC), has the potential to impact how money is moved and used around the world. Here’s how it can benefit and a look at the risks that tag along.
-
'Game Over for Fiat': El Salvador President Nayib Bukele Hits Back at Critics
El Salvador President Nayib Bukele has tweeted that people who called his decision to legalise Bitcoin an “experiment” will continue watching how “mass adoption changes a country’s economy.”
-
Volatility Is Colossal: Vladimir Putin Calls for Greater Crypto Monitoring, Regulation
The Russian President fears the risks that come with cryptocurrencies, which are decentralised and unregulated assets, capable of facilitating instant money transfers without geographical restrictions.
-
Digital Dollar Risks Local Currencies In Poorer Countries: Raghuram Rajan
The introduction of a digital U.S. dollar could help democratize banking in poorer countries, but it also poses a risk to local currencies if it were readily accessible, according to former Indian central bank Governor Raghuram Rajan.
-
Stablecoin cryptocurrency said to be discussed within US treasury, financial industry
The US Treasury Department met with a number of industry participants this week to quiz them about the risks and benefits posed by stablecoins — a rapidly growing type of cryptocurrencies, the value of which is pegged to traditional currencies, according to three people with direct knowledge of the meetings.
-
Cryptocurrencies Are Not Money, Mexico Warns of Risks
Mexican financial authorities on Monday said that cryptocurrency assets are not legal tender in Mexico and are not considered currencies under current laws, warning that financial institutions that operate with them are subject to sanctions.
-
Dogecoin Investor Says He Became a Millionaire in 2 Months
The investor said his initial investment had grown from Rs. 1.3 crores to almost Rs. 15 crores after the value of the meme cryptocurrency surged.
