FIAT
Banxa's Partners with AAX to Allow Purchase of Crypto with Fiat and Vice Versa
On-and-off ramp Web3 solution Banxa's new partnership with cryptocurrency exchange AAX now allows customers to purchase crypto with fiat and vice versa.
$1 Billion in Bitcoin Moved, Making It the Largest Dollar Value Crypto Transaction in History
On-chain crypto data analytics recently picked up a Bitcoin transaction worth more than $1 billion.
European Central Bank Assesses Potential Digital Euro CBDC Issuance
The European Central Bank (ECB) evaluated whether a digital euro would be a beneficial addition to its financial system through an October report.
Reddit $MOON Tokens Can Now Be Sold For Fiat
This weekend, a Reddit user posted instructions on how to withdraw $MOON tokens and turn them into cash.
What is CBDC?
CBDC stands for Central Bank Digital Currency, and represents the digital form of a nation’s fiat money (currency backed by trust or faith in the regulating government).
Top Four South Korean Banks Announce Plans to Provide Cryptocurrency Custodial Services
Two of South Korea’s top banks have recently announced that they were looking into providing cryptocurrency custodial services to their clients.
Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat
Cryptocurrency regulation was the hot topic during an ongoing panel hosted by the Association of Certified Financial Crime Specialists.
Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash
Bank of America is considering Bitcoin, Ethereum, and other altcoins to be cash equivalent, and will treat crypto-related transactions as cash advances. Adjustments to the fees in that category of transactions will also be made.
Is Cryptocurrency the Answer? Egypt’s Central Bank Limits Daily Cash Withdrawals Amid Coronavirus Crisis
Egypt is facing a severe cash crunch as the country is feeling the economic pressure of the coronavirus outbreak. The central bank of Egypt has instructed local banks to begin restricting daily withdrawals and has instructed citizens not to withdraw so much money.
Brazilian Banking Federation President Claims Crypto Cannot Replace Fiat Money
The President of Brazilian Banking Federation has argued that cryptocurrencies do not meet the basic criteria of real currencies.
