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NY Regulator Licenses Fidelity for Bitcoin Trading and Custody


Fidelity Investment’s digital currency arm has been licensed by the New York Department of Financial Services to operate a platform on which individuals and institutional investors can store, purchase, sell, and transfer bitcoin. The regulator also revealed that it has to date approved...

Russia’s Sberbank Takes on Crypto with Cross-border Money Transfer App


Source: iStock/-lvinst- Russian major bank Sberbank has introduced a new low-cost, cross-border remittance solution that it believes will be able to compete with cryptocurrency for cross-border transactions. The bank, once the Russian financial sector’s fiercest advocate of cryptocurrencies...

Traditional Law and Finance Can Adapt to Bitcoin, These Examples Show


Bitcoin brought about solutions to persistent problems that stood in the way of previous attempts to invent digital money, such as the risk of double spending. Some of its features, however, like the characteristic irreversibility of blockchain transactions, have created certain challenges for...

Crypto Facilitates Money Transfer for Restricted China


Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in...

PR: Remco – Powerful Distributed Token Generating Platform


remittancetoken.io – Token-Generating Platform for Money Transfer currently trading on Digifinex has announced it's sponsoring blockchain Finance Lagos conference event in Africa's largest market, Nigeria. Offering free flight ticket and accommodation to the qualified speakers. The post PR: Remco...

Kraken Reveals New Wire Transfer Service for Fiat Currencies


Kraken has recently revealed about a wire service which will enable users to do transactions in a range of fiat currencies throughout the world. The transactions will take place through Etana Custody. Following is the list of currencies that can be deposited or withdrawn- • US Dollars (USD) • Euros...

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