U.S. Citizens Will Soon Be Able To Buy Bitcoin Across 650 Banks
A new deal with NCR and NYDIG has opened up a way for banks across the U.S. to offer Bitcoin buying options to their customers. Forbes reported that the deal would enable community banks including North Carolina-based First Citizens Bank and credit unions including Bay Federal Credit Union in California would be able to offer […]
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Central banks across the world have been increasing stimulus and letting inflation run high in order to combat the disastrous economic effects of the coronavirus outbreak response. The Bank of Japan has recently become the country’s largest stockholder and the European Central Bank is prepared to expand its colossal stimulus program. Meanwhile, Federal Reserve Chair Jerome Powell is calling on Congress to act fast on America’s stimulus program proposal as “the risk of overdoing it is less than the risk of underdoing it.” Bank of Japan’s $434 Billion Treasure....
Swiss banks have decided to turn down U.S citizens who want to open up offshore bank accounts in Switzerland. This is due to the U.S’s new foreign account regulations for banks to disclose the information of american accounts. This could be an opportunity for Americans to switch over to Bitcoin. Privacy concerns. According to Bloomberg, the U.S ambassador in Switzerland has sent numerous letters to Swiss bank executives on the challenges Americans already have when opening a bank account in an attempt to get Swiss banks to rethink their decision of not accepting American clients. Suzan....
American citizens are losing confidence in just about every major institution, and according to Gallup, banks are no exception. Confidence in Banks Drops Significantly. Hardly anyone will be surprised to hear that banks are taking the brunt of this loss in faith. Whereas 49 percent of Americans had confidence in their banks back in 2006, that number....
The global economy is currently facing an enormous shift as many countries are burdened with massive debt, resource shortages, and failing fiat currencies. A lot of banks worldwide are folding while the central banks try to fix markets by printing vast sums of money and lowering interest rates. However, more and more global citizens are finding a hedge....
Most European citizens reject the idea of a cryptocurrency regulation regime imposed by the European Union (EU) on its member states, according to a recent survey. Most surveyed citizens lean towards independent cryptocurrency regulation in each country, compared to 25% that approve an EU-imposed regulation. However, most of the citizens polled acknowledged they still don’t know much about cryptocurrencies in the first place.
Europeans Reject EU Crypto Laws, Favor Local Proposals
European citizens are against the establishment of EU-imposed cryptocurrency-related laws,....