Coinbase may become the first-ever cryptocurrency exchange to go public as soon as this year in a move that could make digital currencies more mainstream, Reuters reported Thursday.
Bank of New York Mellon and Deutsche Bank developed a foreign-exchange tool to expedite currency trades in restricted emerging markets, the banks said Wednesday, aiming to reduce the pre-trade life cycle “to seconds from hours.”
A federal judge on Monday upheld a former JPMorgan foreign exchange trader’s conviction for trying to manipulate emerging market currency prices, rejecting his request to set aside a jury’s findings.
Tokyo-based financial services company SBI Holdings has acquired a $30 million minority stake in cryptocurrency trading firm B2C2, a move that further expands SBI Holdings’ existing digital currency focus, the companies said Wednesday.
The Bank for International Settlements will establish new “Innovation Hub” locations in Europe and North America as it looks to accelerate work on digital currencies and other financial technology across central banks, BIS said Tuesday.
South Korean financial authorities are preparing to swap foreign currency bonds to inject short-term liquidity into the country’s currency markets amid fears that a resurgent COVID-19 could again spark widespread market volatility.
Exchange group Cboe Global Markets is set to launch a new currency trading platform to match real-time orders called Cboe FX Central, the company said Thursday.
Canada’s central bank may nix blockchain technology as the foundation for its digital currency system, while continuing to prototype crypto-wallets that will complement a more centralized ledger system.
Long-anticipated final guidelines on how the U.S. Commodity Futures Trading Commission will interpret “actual delivery” of digital or virtual currencies in retail transactions went into effect Wednesday, the latest step in the commission’s efforts to clarify rules surrounding digital assets.
Vanguard’s efforts to accelerate blockchain use in foreign currency forward contracts is joined by a trio of major banks, moving the Pennsylvania-based asset manager a step closer to having its own blockchain forex platform.
The People’s Bank of China, the country’s central bank, moved a step closer to releasing a digital currency with the completion of the technology’s backend, a former state official reportedly told attendees at a fintech event broadcast from Beijing.
American Express has become the first foreign credit card company authorized to process local currency transactions in mainland China, a major milestone for card companies that have for years yearned to break into the market.
The Bank of Korea on Monday said it has created a panel of experts to explore potential legal ramifications of issuing a central bank digital currency, as it tries to catch up to other nations that are currently leading the field.
Deutsche Bank said Thursday that it will be partnering with the Central Bank of Singapore to launch an electronic foreign exchange hub in the city-state.
None of the European Union countries that do not use the euro are ready to adopt the currency, though most are making progress, according to a biennial report released by the European Commission Wednesday.
The European Central Bank is preparing for a myriad of heightened risks from the COVID-19 pandemic, including the potential for EU member countries to pull out of the euro currency.
China's central bank has started testing a digital currency in four cities, with hopes that the electronic currency can be used during the 2022 Winter Olympics in Beijing, local outlets have reported.