US banking regulator warns of crisis risk from fintech proliferation

Representations of cryptocurrencies on this illustration taken January 24, 2022. REUTERS/Dado Ruvic/Illustration Be a part of now for FREE limitless entry to Register NEW YORK, Sept 7 (Reuters) – The rise of fintech companies and digital banking may spur monetary dangers and probably a long-term disaster, Michael Hsu, performing comptroller of the foreign money, … Read more

A year later, the bitcoin experiment in El Salvador stumbles

CONCHAGUA, El Salvador, September 7 (Reuters) – A yr after El Salvador adopted bitcoin as authorized tender, the realm the place the world’s first cryptocurrency metropolis was to be constructed – a round metropolis powered by a volcano – is one other dense jungle. President Nayib Bukele had promised that “Bitcoin Metropolis” can be a … Read more