World Bank rebuffs El Salvador with Bitcoin currency integration
The World Bank has declined to help El Salvador with the integration of Bitcoin into its currency system highlighting concerns around the environment and transparency.
Bank of England FinTech chief underlines privacy, crime tackling benefits of CBDCs
The Bank of England (BofE) FinTech chief has said the introduction of a central bank digital currencies (CBDC) doesn’t require a trade-off between privacy and tackling financial crime.
How long can WealthTech firms resist the crypto FOMO?
Global stockbrokers, neobankers and financial institutions are all slowly onboarding crypto into their asset portfolio and it's probably a matter of time before WealthTechs do the same, according to analysts.
Coinbase-backed crypto trading firm Amber Group hits unicorn status after fresh funding
Cryptocurrency trading firm Amber Group has entered unicorn status with $100m Series B round led by China Renaissance.
FCA issues warning on cryptoassets being risky investment as ownership increases
UK's Financial Conduct Authority (FCA) found that while people are increasingly investing in cryptoassets and no longer think of it as a gamble, they should be "prepared to lose all their money."
Study finds central bank digital currencies may trigger stronger forex controls
A study by the Bank for International Settlements (BIS) has discovered the introduction of central bank digital currencies (CBDCs) may lead to greater foreign exchange controls.
What Nubank and Klarna’s colossal rounds from last week reveal about the FinTech industry
While Nubank’s massive Series G round and Klarna's $40bn valuation may have secured the most headlines last week, CyberTech and cryptocurrency ventures bagged the most capital injections.
Ethereum rival Solana snags $314m led by Andreessen Horowitz and Polychain Capital
Solana has raised over $314m through a private sale of its native token SOL led by Andreessen Horowitz and Polychain Capital.
El Salvador becomes first country to make Bitcoin a legal currency
The government of El Salvador has passed a bill that will see Bitcoin join the US dollar as legal tender in the country.
Eventus Systems signs deal with Asia-based digital asset platform OSL Digital Securities
Eventus Systems, a provider of multi-asset class trade surveillance and market risk solutions, has deployed its solution on OSL Digital Securities’ platform, as part of a new deal.
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