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Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to Rectify
15.3.2020
Despite the Indian supreme court quashing the central bank’s ban on crypto, some major banks, including HDFC and Indusind Bank, are still arbitrarily declining to process crypto transactions. Banks say they are waiting for instructions to lift the ban from the Reserve Bank of India (RBI)....
Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks
13.3.2020
Bitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized as financial institutions. Bitcoin Group...
Standard Chartered Joins IBM and Maersk's Blockchain Shipping Platform
13.3.2020
London-headquartered Standard Chartered bank has joined TradeLens, the global blockchain shipping platform created by IBM and logistics giant Maersk
Some Indian Banks Are Still ‘Arbitrarily’ Refusing to Process Crypto Transactions
13.3.2020
Indian legal experts contend that some banks in the country are still refusing services for crypto-related transactions, despite the Supreme Court’s ruling earlier this month
Gold and Bitcoin Markets Tested, While Central Banks Try to Quell Stock Market Rout
13.3.2020
Central banks worldwide have been bracing for the worst, as the global economy has shuddered over the last seven days. On March 11, the Bank of England slashed rates by 50 bps bringing the base rate down to 0.25%. Meanwhile, Wall Street bankers and U.S. President Donald Trump want the Federal...
Chinese Banks Use Blockchain Platform to Process Millions in Foreign Trade
11.3.2020
Banks in China leverage blockchain trade finance platform to process millions of dollars in foreign trade transactions
That Noise You’re Hearing? Central Banks Struggling to Evolve
11.3.2020
Noelle Acheson looks at the evolving role of central banks in the context of the current crisis, and what that could mean for crypto
Exclusive: A Major French Bank Is Blocking Customers From Using Coinbase
10.3.2020
Initial reports suggest that French bank BNP Paribas has blocked customers from transferring funds to Coinbase
China Injects $4.7M into Central Bank’s Blockchain Trade Finance Platform
9.3.2020
Thirty-eight banks have started using the platform since it entered the test phase in September 2018
Central Banks Are Exploring Blockchain — but For Their Own Reasons
8.3.2020
Central banks’ growing interest in DLT reveals concerns in the traditional financial sector as the gap between the two narrows
Stimulus, QE, Rate Cuts: Coronavirus Fuels Central Banks’ Monetary Easing Policy
8.3.2020
The world has been focused on the coronavirus outbreak that’s claimed 105,612 cases and 3,562 deaths to date. The pandemic has caused government leaders to react and central banks are breaking out tools from their arsenal of monetary easing schemes. The world’s central banks say...
German Crypto Regulator BaFin Shuts Down Unauthorized Bitcoin ATMs
7.3.2020
Germany’s Federal Financial Supervisory Authority (BaFin) has shut down unauthorized bitcoin ATMs in the country. Now that cryptocurrency is regulated under the German Banking Act, bitcoin ATM operators need to be authorized by BaFin. The regulator recently clarified what crypto service...
Moonshots Capital, DCG, Tezos Back $2.5M Fundraise for Crypto Software Provider
5.3.2020
Zabo, which claims to be able to link bank accounts to crypto wallets directly, raised $2.5 million from Moonshots Capital and other firms to build out its engineering team and customers
South Korea Passes Law to Introduce Permit System for Crypto Exchanges
5.3.2020
Virtual currency exchanges in South Korea will soon have to report their activities to regulators after receiving real-name confirmed bank accounts
HSBC: Blockchain Platform Will Keep Trade Finance Smooth Despite Coronavirus
5.3.2020
The platform’s backers claim that using the blockchain can keep trade financing running smoothly even in times of global crises like the coronavirus
Samsung to Target EU Payments Sector With Blockchain-Based Solution for Banks
4.3.2020
The platform will use blockchain to automatically input payments data into bank records
India Supreme Court Lifts RBI Ban on Banks Servicing Crypto Firms
4.3.2020
India’s Supreme Court rules that the central bank’s ban on banks’ dealings with crypto firms is “disproportionate”
Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions
3.3.2020
The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest...
This Major Turkish Bank Is The Latest Binance Partner for Fiat-to-Crypto Transfers
2.3.2020
Binance CEO CZ: “We abide by the local laws and regulations and are committed to providing secure services to our users”
Binance Users in Turkey Can Now Deposit and Withdraw TRY via Akbank Integration
2.3.2020
The competition for the Turkish cryptocurrency market appears to be heating up as Binance is the latest platform to launch a banking integration for the Lira (TRY). The global digital asset exchange is now open to direct transactions of local fiat from Akbank, one of the largest banks in Turkey....