The International Monetary Fund (IMF) issued a report aimed at addressing the rapid changes in the cryptocurrency market. In this report, titled "Assessment of the macrofinancial risks of cryptocurrencies", the IMF highlights the significant risks that have not yet been fully addressed in this…
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Apple and Goldman Sachs cancel trading app plans
In a surprising joint decision, Apple and Goldman Sachs canceled their ambitious plans to launch a futures trading app. The news, which was announced on September 19 via CNBC, shook the financial world.
Initially scheduled for release in…
Paypal officially launched its own cryptocurrency
Payments company PayPal announced the launch of PayPal USD (PYUSD), a stablecoin denominated in US dollars and backed 100 % by US dollar deposits, short-term US Treasury bonds and similar cash equivalents.
According to the payment services…
Venezuela signs new cooperation agreements in Moscow
Venezuela and Russia strengthened commercial ties this Monday with the signing of new agreements in strategic areas such as health, finance, sports, economy and transportation, among others.
The signing of the agreements took place in…
Venmo will allow cryptocurrency transfers
PayPal's subsidiary platform Venmo announced Friday that it will soon allow its users to execute cryptocurrency transfers.
According to the Hispanospost media outlet, starting this May, Venmo users will have the opportunity to "transfer…
Cryptocurrency companies struggle to access banking services in the UK
Cryptocurrency businesses face multiple difficulties in accessing banking services in the UK. According to various sources, the few banks that still work with cryptocurrencies are increasingly requesting more documentation and information…
Circle CEO says SEC is not the appropriate regulator for stablecoins
Jeremy Allaire, CEO of Circle, one of the leading cryptocurrency companies in the United States, expressed his opinion on the regulation of stablecoins by the United States Securities and Exchange Commission (SEC).
Allaire believes that…
Argentina will impose strict rules for cryptocurrency companies
The Argentine National Securities Commission announced that it will implement stricter rules for cryptocurrency companies in the country. The measure seeks to guarantee the protection of investors and prevent illegal practices in the…
German banks in favor of the digital euro for payments within Europe
A digital euro could give a decisive boost to the fragmented European market for electronic payments, says a statement released today by the Association of German Banks (BdB).
"As a convenient and risk-free digital payment method, it could…
El Salvador created the Bitcoin Association
El Salvador recently approved the creation, although its launch is still awaited, of Asobitcoin, the association that will aim to guide companies in the Central American country in everything related to cryptocurrency and its adoption.…
Barquisimeto will host the EXPO TecnoDigital 2023
Venezuela will offer the EXPO TecnoDigital 2023 event in April, which will take place from April 14 to 16 at the Lidotel Barquisimeto, Lara state.
It will be the meeting place for specialists in digital technology, who will offer…
Thailand will have virtual banks
The Bank of Thailand revealed that it plans to allow virtual bank operations by 2025, supported by companies that make a living in the world of finance.
The publication of the "Consultation document on the framework for granting licenses…