Blog Archives

Ripple Reveals Pilot Programs With Western Union And Saudi Central Bank

Posted on 14th February, 2018

For Ripple’s true believers, today is a very good day. Two major financial players — Western Union and the Saudi Arabian Monetary Authority (SAMA) — recently revealed pilot programs using the Ripple’s xCurrent settlement system. Although Ripple already has similar programs with dozens of other banks and money transfer companies, SAMA and Western Union are […]

The Bank of England releases extensive new report on bitcoin’s potential impact in the U.K.

Posted on 11th September, 2014

The Bank of England released a pair of cryptocurrency-related articles today, prompting waves of commentary throughout the global financial press. The articles, pre-released from the BoE’s forthcoming Quarterly Bulletin 2014 Q3 report, focus on defining bitcoin’s core innovation — the trustless, distributed ledger better known as the block chain — and on examining the economics […]

Head of Singapore’s central bank says digital currencies present risks, but also “have a role to play”

Posted on 14th August, 2014

In recent interview with trade publication, Monetary Authority of Singapore (MAS) Managing Director Ravi Menon addressed an issue that is rapidly becoming a very hot topic in the regulation world: Digital currency. As Singapore’s central bank, the MAS has a great deal of power over how any financial instrument is used in the country, […]

Report: Russia’s icy stance on bitcoin thaws

Posted on 2nd July, 2014

The Wall Street Journal reports today that Russia’s longstanding hostility to bitcoin may be easing. The paper reports that the Bank of Russia has altered its policies, and will no longer restrict the use of virtual currencies. Earlier this year, the Russian Prosecutor General’s Office declared bitcoin to be an illegal form of currency, and […]

Report: Bank of Canada not worried bitcoin will replace cash

Posted on 2nd May, 2014

Speaking with The Canadian Press, outgoing Bank of Canada second-in-command Tiff Macklem said that his organization isn’t worried about the impact of bitcoin on the banking sector. According to Macklem, bitcoin’s innovations and implications for monetary policy are speculative, and “far into the future.” Given the tiny global market cap, and immature ecosystem, Macklem says […]

Vietnam’s central bank issues new Bitcoin warning

Posted on 28th February, 2014

Following in the footsteps of Thailand, China and other countries in the region, Vietnam’s central bank issued a new warning on the dangers of Bitcoin today. The statement explained that Bitcoin and other virtual currencies are not legal tender in Vietnam, and are not permitted as a form of payment within the country. The statement […]

Jordan’s central bank blocks financial companies from using Bitcoin

Posted on 23rd February, 2014

The Central Bank of Jordan initiated a new policy this week blocking financial companies from using Bitcoin. The bank’s Executive Director, Maha Bahu, informed The Jordan Times yesterday that the CBJ had released new rules to all banks in the Kingdom prohibiting them from dealing in all virtual currencies, and in Bitcoin in particular. The […]