Central bank digital currencies could use networks like ethereum, China’s former digital yuan chief says | Currency News | Financial and Business News

Central bank digital currencies could use networks like ethereum, China’s former digital yuan chief says | Currency News | Financial and Business News

A consumer uses a digital yuan red envelope in a mobile phone to buy goods at a digital yuan cashier’s desk Costfoto/Barcroft Media via Getty Images Yao Qian, the former head of China’s digital yuan team said central bank digital currencies could use blockchain networks like ethereum in the future, Sina Finance reported on Monday.

Fed warned Deutsche Bank over anti-money-laundering backsliding

Fed warned Deutsche Bank over anti-money-laundering backsliding

Check out what’s clicking on FoxBusiness.com. The Federal Reserve told Deutsche Bank AG in recent weeks that the lender is failing to address persistent shortcomings in its anti-money-laundering controls, according to people familiar with the matter. Stocks in this Article The Fed’s frustration has escalated to a point that the bank could be fined, the

Digital currency is the future of Russia’s financial system, says country’s central bank governor

Digital currency is the future of Russia’s financial system, says country’s central bank governor

(Kitco News) Central bank digital currency is the future of Russia’s financial system, especially in light of the developing digital economy, said Russia’s central bank governor Elvira Nabiullina. “It’s the future for our financial system because it correlates with this development of digital economy, digital finance,” Nabiullina told CNBC on Wednesday. “We

Pakistan to Conduct Research on Developing its own Central Bank Digital Currency to Enable Greater Financial Inclusion

Pakistan to Conduct Research on Developing its own Central Bank Digital Currency to Enable Greater Financial Inclusion

Pakistan is reportedly planning to carry out studies in order to potentially launch a State-backed virtual currency so that it can enhance its existing banking system, enable greater financial inclusion, and also ensure that illicit activtiies such as money laundering are not being carried out by local or foreign entities. Pakistan‘s digital currency will aim

Premier Financial Services, LLC Acquired by 1st Financial Bank USA

Premier Financial Services, LLC Acquired by 1st Financial Bank USA

WOODBURY, Conn., May 4, 2021 /PRNewswire/ — Premier Financial Services (PFS) – the nation’s leading finance company providing specialty leasing for new and previously owned Ferraris, Porsches, McLarens, Lamborghinis and other exotic, vintage and luxury automobiles – announced today that the company has been acquired by 1st Financial Bank USA (1FBUSA). Terms of the transaction between

Starling Bank turns a profit on mortgage loan growth

Starling Bank turns a profit on mortgage loan growth

British digital bank Starling has reported its first annual profit after breaking into the mortgage market with a series of portfolio acquisitions. The app-based bank posted a pre-tax profit of £32.1mn for the year to the end of March, reversing a £13.7mn loss in the same period a year earlier. Revenues were boosted by the