Citi Has Scrapped Its Plan for a JPM Coin-Like Bank-Backed Cryptocurrency
Several years back Citi tested a bank-backed cryptocurrency similar to JPMCoin. The lesson it learned? It's easier to rely on SWIFT.
Forex
Texas' securities watchdog ordered Mirror Trading International to cease operations, alleging the South African bitcoin and forex "investor club" is a multilevel marketing scam.
Forget Bitcoin’s Volatility, BoA Says Unstable UK Pound Like an Emerging Market Currency
Jun 24, 2020
Bitcoin is often criticized for its volatility – now analysts are saying that, and more, about the pound sterling.
Mirror Trading Clients Should Take Their Money and Run, South African Regulator Advises
Aug 19, 2020
FCSA said Mirror Trading's self-proclaimed 10% monthly returns "seems far-fetched and unrealistic" as it opened an investigation.
Forex giant CLS is now using a blockchain to handle certain currency trades, but the technology is “not essential” for the task, an executive admits.
The agency that regulates and manages China's foreign exchange reserves will trial a blockchain system addressing inefficiencies in cross-border trade.
Forex
