Bank of England Sets Out Rules for Libra Launch in the UK
The central bank has finalized principles the Facebook-led cryptocurrency project must adopt before a U.K. launch......»»
Bank of England official says Britcoin CBDC launch is "probable"
Cunliffe clarifie.....»»
SWIFT Sets Up Joint Venture With China Central Bank Ahead Of Imminent Digital Yuan Launch
SWIFT S.....»»
BoE"s Carney urges flexibility as the UK leaves EU trading rules behind
Outgoing Bank of England Governor Mark Carney told Reuters "i.....»»
Mnuchin ‘Fine’ With Libra Launch, But Crypto Project Must ‘Fully’ Comply With AML Rules
Steven Mnuchin, secretary of the U.S. Treasury, has no issue with the launch of the Facebook-led Libra project – as long as financial rules are followed to the letter......»»
San Francisco sets timeline for launching public bank — the first in California
San Francisco officials are working to launch the city's own public bank, which would be the first in California and the second in the country after North Dakota. Legislation introduced Tuesday by Supervisor Sandra Fewer will create a task force t.....»»
EU finance commissioner pledges to regulate digital currencies
The European Union's finance commissioner pledged on Tuesday, if he is reappointed, to propose new rules to regulate virtual currencies such as Libra, the currency Facebook plans to launch......»»
ING’s Chief Economist Predicts Central Bank Digital Currencies in 2-3 Years
Dutch bank ING's chief economist has said Facebook's Libra is pressuring central banks to launch their own digital currencies, and soon......»»
‘No Argument’ for Replacing Dollar’s Global Role With Crypto: Ex-Fed Official
The ex-official pushed back at a suggestion from the chief of the Bank of England that a Libra-like crypto should replace USD in global markets......»»
Central banks will want oversight of Facebook"s Libra: Bank of England"s Carney
Major central banks and regulators will want oversight of Facebook's proposed new currency and payment system, Libra, to ensure it is safe and does not allow money laundering or finance terrorism, Bank of England Governor Mark Carney said......»»
Bank of England Governor Says Facebook’s Libra Crypto Will Be Scrutinized
Facebook's Libra cryptocurrency could be subject to the "highest standards" in global regulations, said Bank of England governor Mark Carney......»»
Facebook’s Libra Could Meet ‘Highest Standards’ in Regulation: BoE Governor
Facebook's Libra cryptocurrency could be subject to the "highest standards" in global regulations, said Bank of England governor Mark Carney......»»
BoE"s Carney says keeping open mind on Facebook"s Libra
Bank of England governor Mark Carney has said he is keeping an 'open mind' on the potential utility of Facebook's planned cryptocurrency, but warned it may face strict regulation if it takes off......»»
ICE exchange to launch three-month Sonia futures contract in June
LONDON (Reuters) - The Intercontinental Exchange said on Wednesday it will launch a three-month futures contract based on "Sonia", the Bank of England's interest rate benchmark which aims to replace Libor......»»
JPMorgan Applies to Launch Brokerage in China
JPMorgan Chase is seeking approval from a Chinese regulator to launch a joint-venture brokerage in the country, becoming the latest bank to explore the opportunity after Chinese authorities loosened rules on foreign firms controlling such ventures......»»
Elon Musk Compares Working Of Federal Reserve To Rules Of Board Game Monopoly: "The Bank Never Goes Bankrupt"
Elon Musk has drawn an intriguing comparison between the Federal Reserve and the rules of the game Monopoly, suggesting that the Federal Reserve operates in a similar manner to the game's bankruptcy rules. read more.....»»
Community Bank harnesses long-term relationships for small business growth in Western Pennsylvania
Banking veteran Ronald Manges isn’t shy about his mission as vice president and director of business banking at Community Bank. Beneath his email signature, his personal “tagline” boldly advises potential business customers and sets .....»»
Apple stock will soar 36% as it gears up to launch an AI-enable iPhone, BofA says
Bank of America said Apple could announce a 5% dividend increase and $90 billion share buyback program when it releases earning.....»»
Bank of England governor Andrew Bailey reportedly said he believes cryptocurrencies are "dangerous"
"I'm skeptical about crypto-assets, frankly, because they're dangerous and there's huge e.....»»
HSBC CEO tells Reuters bank has no plans to launch crypto trading desk
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Central banks aren"t running scared of bitcoin but they want to keep control, says former Bank of England digital guru
Huw van Steenis, senior advisor to the chief executive of UBS, punctures some central bank digital currency myths The Bank of England is looking into launching a "Britcoin." John Sibley/Reuters Central banks are increasingly intere.....»»