Business

Custodia sues Federal Reserve over master account application delay
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13 June, 2022

Custodia sues Federal Reserve over master account application delay

Digital asset bank Custodia, formerly Avanti, claims that the 19-month delay is unlawful and is causing injury to the company,...
New York Department of Financial Services releases stablecoin guidance
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13 June, 2022

New York Department of Financial Services releases stablecoin guidance

The DFS says the guidance should act as the baseline set of requirements that companies within New York State that...
IMF recommends energy-efficient CBDC that relies on non-PoW networks
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12 June, 2022

IMF recommends energy-efficient CBDC that relies on non-PoW networks

IMF examined the environmental impact of blockchain network designs, highlighting that some blockchains have improved the energy efficiency of payments...
Bank of Uganda welcomes digital asset firms into its regulatory sandbox
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12 June, 2022

Bank of Uganda welcomes digital asset firms into its regulatory sandbox

The move seems like a U-turn after the regulator issued a warning to financial firms a month ago warning them...
Reserve Bank of India deputy gov tells IMF: CBDCs can kill digital currencies
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12 June, 2022

Reserve Bank of India deputy gov tells IMF: CBDCs can kill digital currencies

Speaking at a webinar series organized by the IMF, RBI Deputy Governor T. Rabi Sankar stated that the Indian central...
Russian state-owned company builds blockchain-based replacement for SWIFT
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12 June, 2022

Russian state-owned company builds blockchain-based replacement for SWIFT

Rostec, a state-owned defense conglomerate in Moscow, has announced that it has developed a blockchain platform that can be used...
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