Through a press release, the Central Bank of Spain (BDE) announced on Monday that it will start testing a CBDC oriented to retail payments.
According to the statement, the entity invited financial institutions and technology service provider companies to participate in the tests in this area.
The…
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financial institutions
40 % of banks want to develop Bitcoin technology
The United States Federal Reserve (FED) conducted a survey of a group of national and international banks where 40 % certified their interest in including and developing, in the short and medium term, products related to Bitcoin technology.…
Financial entities are not immune to the risks of crypto
Scope, a rating agency, pointed out that the cryptocurrency market is quite small with only 250 billion dollars, but they are still a danger to the traditional financial system. Financial institutions are not immune to the risks of the…
2022 promises regulatory clarity for the crypto market
Rosa Ríos, a former US treasurer, thinks that the year 2022 will provide greater regulatory clarity for the crypto market. This was recently pointed out by Ríos to CNBC's 'Make It'.
The former member, who is currently part of the board of…
Bancamiga Exchange Desk achieved first place in June for volume traded
One of Bancamiga's most widely accepted products has been the Exchange Desk, a financial mechanism that operates as a kind of auction through which currencies can be bought or sold legally and transparently, without intermediaries or…
FinCEN works on cryptocurrencies regulation
Financial Crimes Enforcement Network (FinCEN) established that transactions carried out with cryptocurrencies will be a national priority in order to prevent and neutralize the financing of terrorism and money laundering. In this…
Financial institutions in Japan to test a digital yen
More than 30 accredited financial institutions based in Japan will participate in a local experiment to test the usefulness of a digital yen for institutional operations, as reported by the Reuters news agency in a publication.
The group…
ECB warns about the possible end of the moratorium
The European Central Bank (ECB) urged banks not to postpone risk management obligations by early identification of delinquencies and taking action "on a case-by-case" basis in order to adopt the relevant provisioning measures in view of the…
US regulator authorizes banks to hold reserves for stablecoins
Banks and financial entities authorized by the Federal Government will have the approval of the Office of the Comptroller of the Currency (OCC) of the United States in order to maintain stablecoins reserves.
According to a letter published…
Spain will carry out the first Hackathon DeFi
Spain is preparing to receive the Spanish-speaking technology community at the first Hackathon DeFi event, in order to connect with global DeFi projects (MakerDAO, Balancer, Unslashed) and boost work in an area that they foresee will be…
Deutsche Bank passes Federal Reserve tests
Deutsche Bank successfully passed the Federal Reserve's stress tests for the second year in a row, even with stricter requirements imposed by the coronavirus crisis, the US financial institution announced Thursday night to Friday.…
Factoring and Fintech could be intermediaries in the Crece fund
In Chile, firms that are not regulated by the Financial Market Commission (CMF) may participate as intermediaries as long as they are authorized, as is the case with factoring and Fintech, as reported by Diario Financiero on June 8.…