Interview: Caitlin Long on Cryptocurrency Regulation and Why Wyoming is the Next ‘Crypto Valley’

Note: This is part 2 in a multi-part interview series with Caitlin Long, a 22-year Wall Street veteran who formerly led Morgan Stanley’s Pension Solutions Group. Long, an ardent blockchain advocate, has been critical of Wall Street’s corrupt banking practices, which she fears institutions will integrate into their cryptocurrency products and services. Read part 1 here. Part The post Interview: Caitlin Long on Cryptocurrency Regulation and Why Wyoming is the Next ‘Crypto Valley’ appeared first on CCN

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This German Fintech Startup Will Let You Hold Bitcoin in Your Bank Account

German blockchain banking service Bitwala is set to launch the first-ever platform that will enable the management of both euro deposits and bitcoin funds within the same bank account. This system is planned to kick off by November with an estimated 30,000 customers who have already signed up for the service. The biggest initial investor The post This German Fintech Startup Will Let You Hold Bitcoin in Your Bank Account appeared first on CCN

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Citigroup to Offer Low-Risk Crypto Product for Institutional Investors: Report

Investors may now have a new way of purchasing cryptocurrencies without actually having to own them. Manhattan, New York-based banking giant Citigroup has reportedly developed a product which could reduce the risk hedge funds and asset management firms are exposed to when they invest in cryptocurrencies. According to the Business Insider, the instrument which was … Continued The post Citigroup to Offer Low-Risk Crypto Product for Institutional Investors: Report appeared first on CCN

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India’s Central Bank Quietly Forms New Cryptocurrency, Blockchain Research Unit

The Reserve Bank of India (RBI) has reportedly established a new internal unit dedicated to researching and regulating new emerging technologies, specifically cryptocurrency, blockchain and artificial intelligence (AI). Holding back on a formal announcement, the RBI has discreetly formed a new unit to research and possibly supervise disruptive technologies through draft rules in the future, The post India’s Central Bank Quietly Forms New Cryptocurrency, Blockchain Research Unit appeared first on CCN

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America’s Oldest Central Bank, Bitcoin Startup Partner to Explore Digital Currency

The Central Bank of Curacao and Sint Maarten (CBCS) has announced a partnership with blockchain technology firm Bitt aimed at exploring the issuance of a digital currency for Curacao and Sint Maarten island nations. Per the chief executive of Bitt, Rawdon Adams, a digital currency will be especially relevant to the two countries, which are The post America’s Oldest Central Bank, Bitcoin Startup Partner to Explore Digital Currency appeared first on CCN

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Hong Kong Trade Finance Will Fight Fraud With a Blockchain-Based Platform

The Hong Kong Monetary Authority (HKMA) has partnered with Chinese Ping An to release a blockchain-based trade finance platform. The joint effort is expected to speed-up the process and prevent fraud. CCN first reported the Hong Kong’s de facto central bank’s initiative back on March 30. At the time, the bank unveiled a proof-of-concept (PoC) The post Hong Kong Trade Finance Will Fight Fraud With a Blockchain-Based Platform appeared first on CCN

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Activists Shine Bitcoin Logo on Slovakia’s Central Bank to Protest Hostile Regulations

A pro-cryptocurrency activist group trolled Slovakia’s central bank in spectacular fashion this week to protest local regulators’ hostility toward cryptocurrency companies and traders. Activists Project Bitcoin Logo onto National Bank of Slovakia The Bratislava-based Paralelná Polis — which among other endeavors operates the Cryptoanarchy Institute — on Thursday published a video depicting its latest act The post Activists Shine Bitcoin Logo on Slovakia’s Central Bank to Protest Hostile Regulations appeared first on CCN

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Australia Central Bank Admires Bitcoin But Says It Has ‘Flaws’

“Even if one is quite skeptical of whether bitcoin will have a significant role in the economy in the future, I think it is hard to avoid some admiration for its design,” Reserve Bank of Australia official Tony Richards thus addressed bitcoin and cryptocurrencies in general in a speech to the Australian Business Economists in The post Australia Central Bank Admires Bitcoin But Says It Has ‘Flaws’ appeared first on CCN

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