Financial Financial News

25.08 / 07:53

CBDC RBI Bitcoin Financial Cryptos will lead to financial instability, dollarization of the economy, says RBI Governor

RBI Governor Shaktikanta Das has lashed out at crypto assets once again. In an interview with ET Now, Das reiterated his concerns over the crypto assets. The RBI chief said, "cryptos may lead to dollarization of the developing countries like India as the prices of crypto tokens are mostly denominated in dollars." He said that this will create serious financial instability in the country. The RBI governor also added that cryptos pose a serious risk for small investors who are prone to lose their money. «This may favour me if I am sitting in the other part of the world, but not here,» he said. «This will work in the favour of an advanced economy,» he added.

24.08 / 13:41

lending Legal Three Arrows Capital Financial Singapore Court Permits Three Arrows Liquidators To Access Key Financial Records - Report

23.08 / 20:05

Technology data Tech Financial Celsius, 3AC demonstrated why financial infrastructure should move on-chain

While mainstream coverage of cryptocurrency has been overwhelmingly negative in the wake of the collapse of the Terra ecosystem, the bankruptcy of Celsius and the fall of Three Arrows Capital, these events ultimately show why more of the financial system should operate on-chain, bringing more transparency and information to market participants.

23.08 / 00:03

regulation exchanges Digital Asset Virtual assets Financial South Korean financial majors want to create virtual assets exchange in 2023: Report

Samsung Securities is among seven large South Korean securities companies that have applied for government approval to create a virtual assets exchange, according to a report appearing in South Korean publication Newspim. The companies are aiming to create a corporation to open an exchange in the first half of next year. Newspim quoted an unidentified executive as saying that discussions on the project are now being finalized.

22.08 / 09:43

FIVE exits Financial Credit Suisse makes Dixit Joshi chief financial officer as Mathers exits

Credit Suisse said 22 August that it has appointed Dixit Joshi as its new chief financial officer to replace David Mathers, who is stepping down after more than a decade in the job.

19.08 / 12:39

Climate change Financial Germany's Chancellor Scholz faces grilling over financial scandal

German Chancellor Olaf Scholz is to be grilled by a local parliamentary enquiry committee on Friday about the "CumEx Files" scandal, a tax fraud on dividends that has shaken his premiership.

18.08 / 16:41

regulation Bitcoin Financial Korean financial watchdog to block tens of unregistered exchange websites

Unregistered cryptocurrency exchanges operating in South Korea could see their services grind to a halt as the Korea Financial Intelligence Unit (FIU) takes action against 16 foreign-based firms.

16.08 / 14:01

Provident boost financial stability Financial CBDCs could boost financial stability

However, in an OFR working paper, Todd Keister and Cyril Monnet argue that banks would lower their maturity mismatch when depositors have access to CBDC, reducing their exposure to depositor runs.In addition, the flow of funds into a CBDC provides policymakers with a new source of real-time information enabling them to react faster to potential runs. Depositors would anticipate this faster policy reaction, which decreases their incentive to join the run.The paper highlights the importance of a CBDC's design for how it affects financial stability.

16.08 / 09:09

Blockchain Provident Binance Platform stars services Financial These 3 Coins Becoming The Stars of Financial Services – VertoChain, BNB, and Shiba Predator

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

12.08 / 19:25

Gaming UK Pudgy Penguins Financial UK Financial Giant's Crypto Move, Solana's Growth, Pudgy Penguins Get Physical + More News

11.08 / 18:41

Government regulation crypto legislation Financial South Korea's financial watchdog wants to 'quickly' review crypto legislation: Report

The chair of South Korea’s Financial Services Commission said the regulator plans to expedite its review of 13 bills pending in the country’s National Assembly related to digital assets.

11.08 / 00:29

business Adoption Investments Venture Capital Financial Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs

Two executives at Wave Financial, an asset management firm providing bespoke strategies to high-net-worth individuals and entities, have reported seeing increased institutional demand for crypto products amid the bear market.

10.08 / 14:16

Blockchain Digital Aware Career Financial Hong Kong Can Serve Global Community through Web 3 Involvement: Ex-Financial Secretary

The former financial secretary of Hong Kong said Wednesday that the virtual economy would be important to Hong Kong, encouraging the young generation to be active through web 3 involvement and technology adoption.

10.08 / 14:01

SEC coinbase Exchange Q3 Financial Another Rough Quarter Awaits in Q3, Coinbase Warns After Bruising Financial Results

10.08 / 09:25

services Financial Why workplace ‘banter’ is bad news for financial services

Samar Yanni is the Chartered Institute for Securities & Investment's head of membership and professional standards. Stella Chandler is a director at Focal Point Training

09.08 / 02:45

Provident boost financial stability Financial CBDCs could boost financial stability

02.08 / 17:43

Robinhood regulation AML Financial New York financial regulator fines Robinhood's crypto division $30M

The New York Department of Financial Services, or NYDFS, has announced a $30 million penalty on Robinhood’s cryptocurrency arm for alleged violations related to anti-money laundering, cybersecurity and consumer protection laws.

02.08 / 14:11

Stablecoin regulation Terra stablecoin regulation Financial Singaporean financial watchdog to consult public on stablecoin regulation

The Monetary Authority of Singapore (MAS), a city-state’s principal financial regulator, assesses the merits of a regulatory regime toward stablecoins. Current guidelines focus on Know Your Customer (KYC) and Anti-Money Laundering (AML) issues and do not reflect the specific risks to which the stablecoins are entitled.

28.07 / 16:01

JPMorgan IBM Threat Financial JPMorgan hires scientist Charles Lim to help protect financial system from quantum supremacy threat

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28.07 / 14:31

FIVE Lazard Financial Lazard hires Citadel’s Mary Ann Betsch as chief financial officer

Independent investment bank Lazard has hired a new chief financial officer from Citadel.

27.07 / 20:37

Lowe's Arrow Bitcoin Financial ‘Crypto sell-offs won’t affect the financial markets’- Here’s why

In a report released on 26 July, the International Monetary Fund claimed that the Bitcoin [BTC] bear market has no bearing on the stability of the world’s financial system.

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