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Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules
22.7.2022
The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening crypto regulations that limit growth in domestic crypto trading. SCB Postpones...
US Treasury study finds CBDCs a plus for commercial bank stability
13.7.2022
Access to CBDCs reduces banks’ need to insure against liquidity risks and gives policymakers greater information about trouble in the financial system, according to the study
US Regulator Probes Bankrupt Crypto Lender Voyager Over Claims of FDIC Insurance
9.7.2022
The Federal Deposit Insurance Corporation (FDIC) is probing crypto lender Voyager Digital over claims that it is FDIC-insured. The crypto firm previously explained that through its strategic relationships with Metropolitan Commercial Bank, “all customers’ USD held with Voyager is FDIC...
Siam Commercial Bank Is Chasing DeFi Yield Through Compound
27.5.2022
The bank’s venture arm, SCB 10X, is using Compound Treasury’s 4% yield service via the Fireblocks custody platform
Ukraine’s Largest Bank Suspends Money Transfers to Crypto Exchanges
19.3.2022
Privatbank, the largest commercial bank in Ukraine, has temporarily halted transfers in national currency to digital asset exchanges. The financial institution explained the move with restrictions imposed by the country’s central bank under the current martial law. Leading Bank in Ukraine...
‘Bank of Jamaica Will Roll Out Digital Jamaican Dollar in 2022,’ Says Prime Minister
14.2.2022
According to an announcement from Jamaica’s Prime Minister Andrew Holness the Bank of Jamaica plans to “roll out” its central bank digital currency (CBDC) after the country’s successful pilot last year. Jamaica’s CBDC Is Due to Launch This Year Jamaica, the island...
Flushing it: $8B New York commercial bank to offer Bitcoin services
28.1.2022
“As part of our ongoing digital transformation, we recognize the importance of staying current with emerging market trends,” said Flushing Financial Corporation CEO and president John R. Buran
Jamaican Central Bank Says It Has ‘Successfully Completed CBDC Pilot’
4.1.2022
The Jamaican central bank successfully completed the pilot testing of its central bank digital currency, a statement from the bank has said. The statement however reveals that only one payment service provider participated in the pilot. Only One Payment Provider Participated in the Pilot The Bank...
Major Thai Bank SCB Acquires 51% Stake in Cryptocurrency Exchange
3.11.2021
Siam Commercial Bank, one of the largest banks in Thailand, is acquiring a 51% stake in a cryptocurrency exchange. The acquisition will help the bank “create new growth value in the long term amid a new financial world,” said the CEO of the bank. Major Thai Bank Becoming Majority...
Siam Commercial Bank purchases 51% stake in crypto exchange Bitkub
2.11.2021
CEO Arthit Nanthawittaya said the acquisition was based on the growth of businesses in the digital asset space over the last 2 years and the expected value in the long term
Circle Intends to Become a Full-Reserve National Commercial Bank
11.8.2021
Circle, a cryptocurrency fintech services company, announced it intends to become a full-reserve national commercial bank. This would bring a set of responsibilities and duties to the company equal to those of other mainstream banks: having to report to the Federal Reserve, U.S. Treasury, OCC,...
USDC Issuer Circle Set to Turn Into Full-Reserve National Commercial Bank
9.8.2021
Jeremy Allaire. Source: a video screenshot, Youtube, IMF
US-based crypto company Circle, the issuer of the second-most popular stablecoin USD Coin (USDC), said it's on a journey towards becoming "a national digital currency bank."
Per today's post by the company's CEO Jeremy Allaire,...
DeFi cannot be fully regulated, Siam Commercial Bank president says
26.7.2021
Dr. Arak Sutivong, CEO of SCB 10X, believes DeFi requires a framework for long-term and sustainable interactions with traditional finance
Central Bank of Colombia Announces First Blockchain Bond Pilot Program
24.7.2021
The Central Bank of Colombia has announced its involvement in the first blockchain bond pilot program in the country, with the participation of the Interamerican Development Bank (IDB) and Davivienda, a private commercial bank. The proof of concept will use the Lacchain blockchain platform...
Colombia’s oldest commercial bank pilots crypto services
4.3.2021
One of the largest banks in Colombia, Banco de Bogotá, will pilot crypto services as part of a regulatory sandbox project
Siam Bank Launches $50M Blockchain Fund
9.2.2021
The fund will focus on global early and growth-stage companies that shape the next generation of financial services and digital systems, the venture capital arm of Thailand's oldest bank says
Major South Korean Bank Shinhan Is Set to Offer Crypto Custody-Related Services
9.1.2021
A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According...
Thailand’s Largest Bank Snubs Ripple – Selects Stellar-based Blockchain for Cross Border Remittances
12.12.2020
In an apparent snub to Ripple, Thailand’s oldest bank, Siam Commercial Bank (SCB) is set to open a new cross border remittances corridor in partnership with Lightnet, a fintech company that uses the Stellar blockchain. SCB says the partnership opens the door for more efficient cross border...
Singapore’s largest commercial bank reportedly launching crypto trading
27.10.2020
Another global bank believes that digital assets are the future of the global economy
South Korea’s Largest Bank Unveils Bitcoin Custody Services
9.8.2020
KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services. In January, the government-owned bank filed its trademark application for digital assets custody with...