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Japan's Mitsubishi UFJ Financial Ends Blockchain Payment Network Plan
23.2.2022
Mitsubishi UFJ Financial Group (MUFG), one of Japan's largest financial institutions, has decided to suspend its high-speed blockchain payment network
Bank of Spain Governor Warns About Traditional Banking’s Exposure to Crypto Assets
23.2.2022
The Governor of the Bank of Spain has alerted the public about the risks mixing traditional banks with crypto assets might bring to the economic system. Pablo Hernández de Cos stated that the direct or indirect exposure to these assets would increase the risks associated with the financial...
Swiss index provider launches new product tracking 10 DeFi tokens
23.2.2022
“Incorporating fundamental metrics in index creation offers investors the possibility to allocate in the most efficient DeFi tokens based on rational economic indicators," said Compass Financial Technologies CEO Guillaume Le Fur
Can crypto be used to prove financial independence for travel visas?
21.2.2022
"There could be individual situations where a consulate might also accept other proof of assets, such as crypto-assets," said Laura Bernard of the European Commission
Future of finance: US banks partner with crypto custodians
21.2.2022
Traditional financial institutions must work hand-in-hand with crypto custodians, sub-custodians and service providers moving forward
Crypto Exchange Binance Halts Activities in Israel After Regulator Raises Licensing Issue
19.2.2022
Binance has reportedly halted services in Israel after the cryptocurrency exchange was approached by the country’s financial regulator inquiring about its activities and the licenses under which it operates. A growing number of regulators have been scrutinizing Binance for operating without...
Trudeau’s Government Warns More Accounts Will Be Frozen — Freedom Convoy Truckers Hold Their Ground
18.2.2022
The Canadian government has warned that more financial accounts and cryptocurrency wallets will be frozen as law enforcement attempts to end the Freedom Convoy trucker protest. However, truckers are standing their ground even after the police arrested two protest organizers. Prime Minister Justin...
More Investors Enter Crypto But Keep Multiple Financial Service Providers - Survey
18.2.2022
Crypto ownership is on the rise, but investors are not abandoning traditional financial services as a result of their intensifying interest in cryptoassets. On the contrary, crypto investors are more likely to use multiple financial services providers than the general population is, suggests...
Low Millennial financial well-being drives crypto adoption: report
18.2.2022
Millennials are most likely to seek alternative financial services and assets such as crypto, and younger generations are hopping on to the bandwagon leading researchers to expect a crypto boom in 2022
Coinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’
17.2.2022
On Wednesday, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is described as an “industry-driven solution” developed to comply with...
LBank Exchange Will List Marhaba Network (MRHB) on February 17, 2022
17.2.2022
PRESS RELEASE. INTERNET CITY, DUBAI, Feb. 17, 2022 – LBank Exchange, a global digital asset trading platform, will list Marhaba Network (MRHB) on February 17, 2022. For all users of LBank Exchange, the MRHB/USDT trading pair will be officially available for trading at 21:00 (UTC+8)...
JPMorgan: Global Regulation Urgently Needed for Banks to Help Clients Invest in Crypto
17.2.2022
A globally consistent crypto regulatory framework is urgently needed to allow banks to handle crypto assets on behalf of large customers, said a JPMorgan executive. “We need a globally consistent regulatory framework. It’s important that we get to a solution as quickly...
Binance's Paysafe deal worries UK financial watchdog
16.2.2022
Binance lost access to the sterling payment network in July, however, the Paysafe partnership opened the gates to the restricted services
61% of Luxembourg financial players to embark on crypto journey in 2022: PwC
16.2.2022
The Big Four player PwC Luxembourg dropped a compelling report on crypto-asset intentions, ownership and challenges
Here’s why the SEC keeps rejecting spot Bitcoin ETF applications
15.2.2022
Crypto investors still hope that the U.S. Securities and Exchange Commission will approve a spot-based BTC ETF one day, but data shows it has good reason not to
IRA Financial Trust Hack Reportedly Sees USD 36M in Crypto Stolen From Users
15.2.2022
US-based IRA Financial Trust, a regulated financial institution that offers self-directed retirement accounts, has been hit with a hack that resulted in the loss of USD 36m in crypto, Bloomberg reported, citing a person familiar with the investigation....
Read More: IRA Financial Trust Hack...
The Future of NFTs: A Race Between Traditional Businesses and Crypto-based Financial Services
14.2.2022
Umberto Canessa Cerchi is the CEO of Kryptomon, an NFT play-to-earn blockchain game._____
Traditional institutions and decentralized ones have always been at odds given their competing philosophies, but the recent explosion in NFTs has given them a shared interest, with both racing to give...
The Future of Financial Services in the Context of the New Digital Reality
14.2.2022
11 FnTech & 10 InsurTech Digital Congress will be held between 23rd and 24th March, in The Westin Warsaw Hotel and online. The Spring Edition gathers key representatives of the industry, who will review the most current trends and development directions in fintech and insurtech. The inaugural...
Bahrain Central Bank Completes Cross-Border Transfer Test Using JPMorgan Blockchain
14.2.2022
The Central Bank of Bahrain (CBB), working in partnership with Bank ABC, recently announced it had successfully tested the transfer of funds across borders using JPMorgan’s JPM Coin. The test fulfills the central bank’s goal of creating safe and efficient settlement solutions...
Hungary’s Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining
13.2.2022
The governor of Hungary’s central bank has called for a ban on cryptocurrency trading and mining in the European Union. “It is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids,” he said. Hungarian Central Bank Chief Wants...