Jaspreet Kalra

Jaspreet Kalra

Latest from Jaspreet Kalra


Markets

Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA

A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank.

ECB

Markets

India’s State-Regulated Digital Payments Network Is Dominated by Google and Walmart

A shared payments infrastructure initiated by the state and joined by major Indian banks, the United Payments Interface (UPI) accounted for over 2.2 billion transactions in November.

Mumbai, India (Shutterstock)

Markets

Rebranded Libra Still a ‘Wolf in Sheep’s Clothing': German Finance Minister

German Finance Minister Olaf Scholz took aim at the rebranded lDiem and said it would take more than cosmetic changes to smoothen regulatory concerns.

German Finance Minister Olaf Scholz

Markets

Biden Administration Will ‘Ultimately Be Supportive’ of Crypto: Circle CEO

Oon CNBC’s ‘Squawk Box’ on Monday, Allaire spoke about the regulatory attitudes toward stablecoins and how the incoming administration may treat crypto.

Circle founder and CEO Jeremy Allaire

Markets

Binance Expects to Earn From $800M to $1B This Year, CEO Says: Report

Cryptocurrency exchange Binance will likely earn between $800 million and $1 billion this year. That's up from about $570 million in 2019.

Binance CEO Changpeng Zhao

Markets

Bitcoin a ‘Potential Store of Value’ That's Very Volatile: Fidelity Digital Assets Head

Many investors aspire to hold bitcoin as a store of value, but right now the cryptocurrency is very volatile, said the head of Fidelity Digital Assets.

Tom Jessop, head of Fidelity Digital Assets

Markets

Swiss Wholesale CBDC Trial Shows 'Feasibility' for Central Bank Money on Distributed Ledger, BIS Says

A Swiss experiment on how central bank money can be linked to markets built on distributed ledger technology (DLT) yielded positive results.

Swiss flag

Finance

Crypto Version of 'Giving Tuesday' Returns With 10 Times as Many Charities

While only 12 non-profits had signed up for the event last year, crypto donations platform The Giving Block said that over 120 such organizations will be taking part in this year.

Salvation Army Santa

Markets

US Justice Department Extradites Alleged Co-Founder of Crypto Ponzi Scheme From Panama

The accused, Gutemberg Dos Santos, has been charged in an indictment and was extradited from Panama on Nov. 25.

DOJ

Policy

In India, a Clash of Digital Innovation and Internet Censorship

Among democracies, the Indian government tends to shut down the internet most frequently. Can crypto thrive in this environment?

(Danshutter/Shutterstock)