UBS CEO Ralph Hamers sees great potential in tokenization & digital assets

Ralph Hamers, the new CEO of UBS Group AG, spoke out in favor of digital assets and tokenization at the Singapore Fintech Festival (SFF). He sees “virtually unlimited potential” in these technologies, especially for the Swiss financial center and the Crypto Valley. This week, the annual FinTech Festival is taking place in Singapore, bringing together numerous major […]

ECB thinks that private stablecoins pose a greater risk than Bitcoin

Christine Lagarde has identified privately-issued stablecoins as representing a greater risk to financial stability and the monetary sovereignty of the EU than cryptocurrencies like bitcoin. She has commented on the topic a few times before and proposes a digital Euro in the form of a CBDC. The European Central Bank (ECB) President says that volatile […]

JPMorgan Chase provides banking services for US crypto exchanges

The step of the major US bank JPMorgan Chase to accept two well-known crypto exchanges as customers with immediate effect could be followed by other institutions. It proves that the traditional financial industry is becoming more open to digital currencies like Bitcoin. The CEO of JPMorgan Chase once called Bitcoin a fraud, but now the […]

Dutch central bank wants to take a leading role in European CBDC development

Digital currencies issued by central banks will be a hot topic in 2020. Meanwhile, many central banks have already discussed the advantages and disadvantages of CBDC’s, and some nations are already working on their own digital currency. In a survey conducted this year by the Bank for International Settlements (BIS) among 66 central banks, 80% […]