#currency

7:30am, 11th May, 2020

ECB sees no "business case" for digital currency yet: Mersch

The European Central Bank currently sees no "business case" for launching its own digital currency but is looking at how one would work should that change, ECB board member Yves Mersch said on Monday.

Bittrex virtual currency license rejected by New York financial regulator

2:25pm, 10th April, 2019

News

Bittrex virtual currency license rejected by New York financial regulator

The New York Department of Financial Services said on Wednesday it has rejected the application of Bittrex, a U.S.-based digital asset exchange, for a virtual currency license that it needs to operate in the state.

Bittrex virtual currency license rejected by NY financial regulator

12:19pm, 10th April, 2019

News

Bittrex virtual currency license rejected by NY financial regulator

The New York Department of Financial Services said on Wednesday it has rejected the application of Bittrex, a U.S.-based digital asset exchange, for a virtual currency license that it needs to operate in the state.

U.S. charges My Big Coin virtual currency firm founder with fraud

1:31pm, 27th February, 2019

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U.S. charges My Big Coin virtual currency firm founder with fraud

The founder of a Nevada-based company was arrested on Wednesday on federal charges that he participated in a $6 million scheme to defraud people who wanted to buy a virtual currency called My Big Coin that he claimed was backed by gold.

Federal judge sides with CFTC on virtual currency oversight

5:04pm, 26th September, 2018

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Federal judge sides with CFTC on virtual currency oversight

A federal judge said on Wednesday that virtual currencies meet the definition of a "commodity" and fall within the jurisdiction of the U.S. derivatives regulator, allowing the agency to pursue fraud allegations against My Big Coin Pay Inc.

China central bank warns investors of ICOs and virtual currency risks

1:23am, 18th September, 2018

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China central bank warns investors of ICOs and virtual currency risks

China's central bank Shanghai Head Office said on Tuesday investors should increase risk awareness for initial coin offerings (ICOs) and virtual currency investment and not blindly speculate in the market.

ECB has no plan to issue digital currency: Draghi

7:13am, 14th September, 2018

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ECB has no plan to issue digital currency: Draghi

The European Central bank has no plan to issue a digital currency because the underlying technology is still fragile and the use of physical cash still high in the euro zone, the ECB president said on Friday.

America Movil's second-quarter net profit plummets on currency losses

7:14pm, 17th July, 2018

News

America Movil's second-quarter net profit plummets on currency losses

Mexico's America Movil, the largest telecommunications firm in Latin America by number of subscribers, saw its net profit slide 94 percent in the second quarter, hammered by currency-related swings.