Eric Trump said that civilians could face slow and high-cost bureaucracies in the current financial systems. “Traditional banks could be extinct in ten years,” said Eric, if the institutions do not embrace crypto or blockchain technology. Eric Trump’s statement paints a dire picture for traditional banks. He stated during an interview with CNBC, “Without the…
DUBAI, United Arab Emirates— Mr. Eric now works at The Trump Organization with the title of Executive Vice President. In yet another statement that could ignite controversy, he made claims that the regulators should fundamentally change how they operate or else face debilitating consequences. This warning was issued during a CNBC interview while in Dubai,…
The Federal Reserve Board has crypto dollar tokens and banks. The board has rescinded the formal guidance that it previously issued on these activities and has also made changes to its expectations of banking institutions in the region within which these activities are emerging. This indicates a change in the central bank’s system-wide supervision approaches…
As The Wall Street Journal reports, the cryptocurrency landscape within the United States is beginning to gain the interest of international businesses. Established banks also seem to be looking differently towards digital assets. Cryptocurrency is no longer being completely disregarded as a component of the global economy, as the consortium of global financial institutions that…
