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March 24, 2023
Allcryptocurrencydaily

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Moody’s Believes CBDCs Threat Bank’s Profits

allcryptocurrencydaily9 hours ago1 mins

Moody’s believes the introduction of cross-border transaction technology related to CBDCs could be detrimental to banks as the new infrastructure would reduce their role significantly.

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Circle Partners with Xapo Bank to Bypass SWIFT

allcryptocurrencydaily1 day ago1 day ago1 mins

Xapo Bank has partnered with financial technology company Circle to introduce USD Coin (USDC) payment rails as an alternative to SWIFT.

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US Excongressman Believes Regulators Let Banks Know Cryptocurrencies Are Toxic

allcryptocurrencydaily1 week ago1 week ago1 mins

Signature Bank was reportedly able to resolve their outflow of deposits by the time the New York state regulator had chosen to close the financial institution.

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HSBC Takes Ove Silicon Valley Bank’s British Arm

allcryptocurrencydaily2 weeks ago2 weeks ago1 mins

HSBC has announced it has acquired the British “daughter” of Silicon Valley Bank for £1 ($1.21).

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Banks Have Changed Their Attitude Towards Crypto Due to Regulators’ Pressure

allcryptocurrencydaily1 month ago1 month ago1 mins

Banks have stopped cooperating with crypto firms due to fears of reprisals from regulators.

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The National Australia Bank is Developing its Own Stablecoin

allcryptocurrencydaily2 months ago2 months ago1 mins

Banking group National Australia Bank (NAB) has announced that it is currently developing a secured stablecoin AUDN.

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Mexico Puts Off Launch of its National Digital Currency

allcryptocurrencydaily2 months ago2 months ago1 mins

The Central bank of Mexico, Banxico, has said that the development of the country’s CBDC is still in the initial phase and unlikely to meet its 2024 launch date. 

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"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution."
- Satoshi Nakamoto (Bitcoin White Paper)

Anonymous creator of Bitcoin

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