Deutsche Bank is Eyeing Growing Payments Unit With Acquisitions, JVs


Deutsche Bank is looking to acquire companies or enter joint ventures with other companies in an attempt to become a significant player in Europe's digital payments market, the Financial Times reported on Sunday (November 22).

The Financial Times also quoted Hoops as saying that a potential acquisition could be "a small payment processing company that is … struggling to meet stricter regulatory demands." Another option would be to make a joint venture "with someone who is great (elsewhere) but not so present in Europe".

In addition to looking for ways to use deals to increase the market share of digital payments, Deutsche Bank has also hired the best talent in the industry, the Financial Times noted. The newspaper listed the recent hires as having included FinTech entrepreneur André Bajorat and Kilian Thalhammer, a former senior executive at Wirecard.

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What Are The Views of The SEC And The OCC on Digital Asset Regulations?

US Congress

The 2020 elections may have taken place, but there are still outstanding questions about the composition of Congress and the regulatory perspective for digital assets. While election math is unlikely to be resolved quickly and ambiguity as to who will top the top financial regulatory agencies is unlikely to be clarified by the start of the new year, industry and regulators will continue to press in the meantime for development a mature digital asset ecosystem.

As we continue to discuss how the 117th Congress and a new administration can impact the digital asset space, it is equally important to understand how industry and regulators are currently positioned, the thought processes that underpin the actions that have shaped this industry over the years, and what is reserved as the interaction between innovation and regulation continues to shape the future of the digital asset ecosystem.

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China Construction Bank Pulls Planned List of Bitcoin Negotiable Securities


A major Chinese bank has suspended the future listing of a $3 billion bond issue that was supposed to be negotiable for bitcoin and US dollars.

As reported in early November, Labuan, Malaysia, a subsidiary of China Construction Bank (CCB), was sponsoring the issuance of Long bond debt securities, scheduled to be traded through the Fusang digital asset exchange.

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Deutsche Bank Says Investors Increasingly Prefer Bitcoin To Gold As An Inflation Hedge


Bitcoin's appeal as an alternative reserve of value assets is strengthening, according to analysts at German investment bank Deutsche Bank.

"There seems to be a growing demand to use bitcoin where gold used to be used to protect the risk of the dollar, inflation and other things," said Jim Reid, managing director, head of global key credit strategy, according to ZeroHedge.

Bitcoin has long been regarded by supporters as digital gold due to its limited and predictable supply and uses the case as a reserve of value outside of banking influence. While bitcoin has gained 144% this year, gold is up 22%. Both assets appear to have benefited from inflation-boosting monetary and fiscal policies launched by central banks and governments around the world to contain the economic consequences of the coronavirus pandemic.

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Bitcoin-Friendly Gary Gensler Tapped Into Biden’s Financial Policy Transition Team


Gary Gensler, an American civil servant and economics professor who has made pro-Bitcoin comments in the past, has now found himself scaling to lead President-elect Joe Biden's transition to financial policy team.

It was confirmed on November 10, 2020, that Gensler would assume this role under the transition team of the new Biden administration, although it is unclear exactly what his long-term position in the new administration will be. What is also unclear is Gensler's exact stance on the revolutionary economic potential of cryptocurrencies such as bitcoin, although he has made several favourable remarks about it in the past. At a congressional hearing in 2018, he warned against being too quick to impose annoying restrictions on the encryption ecosystem and stated in 2019 that the digital currency pound proposed by Facebook should be treated as a guarantee.

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Bitcoin Poised For $3 Billion Surprise Shock in China

Bitcoin recently recovered after a few uncertain years after its 2017 boom and subsequent fall. The price of bitcoin has recently risen to more than $16,000 per bitcoin, riding a series of positive news that come close to its highest 2017 record of about $20,000 - a peak that growing demand from China has helped achieve.

Now, with China continuing to tightly regulate bitcoin and other cryptocurrencies while it begins launching its long-awaited digital yuan, China Construction Bank, the world's second-largest bank in assets, is planning to raise $3 billion from the sale of securities that can be purchased with bitcoin and US dollars.

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Analysts Find Record Levels Of Case Of Strengthening Debt From Negative Yield To Bitcoin


The value of the Global Negative Income Debt Index from Bloomberg and Barclays is now at a record level of $17.05 trillion, surpassing the previous high of $17.04 trillion reached in 2019. The number has more than doubled in the last eight months.

A negative yield bond offers less money at maturity than the original purchase price. The sharp increase in volume is the result of massive purchases of liquidity-boosting securities by the U.S. Federal Reserve and other major central banks to contain the economic consequences of the coronavirus pandemic.

Since its inception, bitcoin has been dubbed "digital gold" because it is considered durable, fungible, divisible, recognizable and scarce, as well as the precious metal. Several publicly traded companies and large investors have diversified their investments into bitcoin this year, validating their appeal as an inflation reserve/hedge asset.

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The Fiercest Critic of Cryptography Admitted That Bitcoin Can Be a ‘Reserve of Value’ as The Price Suddenly Rises


Bitcoin has confounded critics so far this year, attracting the attention of Wall Street, high-profile investors and central bankers.

The price of bitcoin has more than doubled this year, rising to more than $16,000 per bitcoin this week and soaring as to as too many 40% last month, with a series of positive news sweeping the bitcoin and crypto industry.

Now, while big investors give their support to bitcoin, economist Nouriel Roubini, professor of economics at New York University's Stern School of Business and one of the fiercest critics of encryption, said bitcoin is "perhaps a partial reserve of value" - somewhat oar back to previous comments, where he said bitcoin is destined to end up in the "museum of failed currencies" with all other digital currencies.

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Big Eastern European Bank Begins Crypto Trading


An Eastern European bank, Belarusbank, Belarus's largest bank, has opened encryption services for its customers in the country, offering consumers options for buying and selling cryptos.

In a report credited to PrimePress, such services were made available by a partnership with Whitebird, offering its banking customers in eastern European country and Russia the option to buy and sell Cryptos, and hopes to add these services to more countries to this list, as well as expand the list of digital assets offered.

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Another State-Owned Bank Opened a Bitcoin Trading Platform


For now, citizens of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, which are the countries of the Eurasian Economic Union, benefit from the service.

The platform, accessible via, is announced as "the first and only legal crypto-fiat compensation service of the countries of the Eurasian Economic Union".

Citizens of these countries; from today, they can buy and sell Bitcoin in Russian ruble, Belarusian ruble, euro or US dollar on the platform developed in cooperation with Belarusbank.

The service is planned to expand to more countries and add more cryptocurrencies in the future. In addition, it aims to provide a range of additional services at the intersection of the traditional economy and innovative financial technologies.

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