Since its inception, the Society for Worldwide Interbank Financial Telecommunication  has been closely studying blockchain technology and cryptocurrency. SWIFT, for instance, published a report on September 2020 that highlighted the fact that criminals prefer cash to money laundering, rather than using crypto for illicit transactions. SWIFT, despite being a year late, revealed in aContinue Reading

Arthur Hayes , a former CEO of Bitmex and cryptocurrency investor, has published his opinion about what cryptocurrency investors should do given the current market. Hayes’ latest digest, entitled “Circo Loco” (Crazy Circus), examines the market situation from the perspective of the wider economic context, including the Federal Reserve tapering, and the recent Evergrande defaultContinue Reading

Vikram Pandit, an Indian-American banker, spoke about the future of cryptocurrency and central bank digital currencies at the Singapore Fintech Festival last week. Pandit was appointed CEO of Citigroup in December 2007. He also led the bank’s operations during the financial crisis. He joined Morgan Stanley in 1983 as a clerkContinue Reading

Moneygram, a Dallas-based payments and money transfer company, has announced its partnership with the Stellar Development Foundation. This foundation is the development and growth arm of the Stellar blockchain. It will make full use of its capabilities to settle payments and facilitate remittances. To move funds more efficiently and effectively, the company willContinue Reading

Elon Musk stated that the government should not try to regulate cryptocurrency and Bitcoin during an interview at the Code Conference in Beverly Hills. Elon Musk made the argument that global governments should avoid trying to regulate Bitcoin and other cryptocurrency in an interview with Kara Swisher, Tuesday, at the annual inviteContinue Reading

South Korea’s financial regulators have published a list 28 cryptocurrency exchanges that partially meet the requirements to remain open beyond Sept. 24, under the country’s new crypto regulations. The amended Act on Reporting and Using Specified Financial Transaction Information (Act on Reporting and Using Specified Financial Transaction Information) requires thatContinue Reading