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Major Malaysian Bank Kenanga Acquires 19% Stake in a Crypto Exchange
11.2.2021
One of Malaysia’s top investment banks has bought a 19% stake in a local crypto exchange via its private equity arm. The Kenanga Investment Bank announced its inception into the crypto business by investing in Tokenize Xchange. Tokenize Xchange Is One of the Three Malaysian Licensed Crypto...
Anti-Privacy Regulations Pose Risks for Crypto Investors, Bank of America Says
10.2.2021
Cryptocurrencies "challenge the ability of governments to levy taxes and to control capital flows more broadly," the report says
Blue Ridge Bank Shares Halted by NYSE After Bitcoin ATM Announcement
10.2.2021
The stock jumped by more than 13% after news that it would let its customers buy bitcoin through its ATMs
Covid-19 has pushed Bank of Canada toward 'digital looney'
10.2.2021
The Canadian central bank would be a better steward of financial data than private stablecoin issuers, according to one deputy governor
This Virginia-Based Bank Is Letting Customers Buy Bitcoin at the ATM
10.2.2021
Charlottesville’s Blue Ridge Bank is letting cardholders purchase and redeem bitcoin at 19 ATMs
What Is Bitcoin?
10.2.2021
First of its kind Bitcoin – the cryptocurrency, is a digital currency which can be passed on between users on a bitcoin network without any centralized bank or administrative system. What many people do not know is that there are … Continued
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IBM, Top Australian Banks Execute Country’s First Blockchain Bank Guarantee
10.2.2021
By digitizing the normally paper process, the Lygos joint venture says it's shown it can speed up bank guarantee issuances
Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies — Uses Debunked Claims to Justify New Directive
10.2.2021
Following the outcry over the Central Bank of Nigeria’s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is intended to protect the country’s financial...
Bitcoin ‘Can’t Be Stopped’: Nigerians Look to P2P Exchanges After Crypto Ban
9.2.2021
Some Nigerians plan to continue using bitcoin (BTC) and other cryptocurrencies despite a directive issued by the Central Bank of Nigeria (CBN) last week ordering banks to close down accounts associated with cryptocurrencies
State of Crypto: India and Nigeria’s Crypto Crackdowns Continue Old Trends
9.2.2021
Both nations hope to prevent banks from providing services to crypto companies
Crypto-Friendly Signature Bank Added to JPMorgan’s ‘Focus List’
9.2.2021
Signature is "positioned to ride the crypto wave," a JPMorgan analyst wrote
Leading Malaysian Bank Goes Bitcoin, Snaps up 19% Stake in Crypto Exchange
9.2.2021
Kuala Lumpur, the capital of Malaysia. Malaysia’s top independent investment bank, the Kenanga Investment Bank, has announced that it has acquired a 19% stake in the domestic crypto exchange Tokenize Xchange. The trading platform is one of just three in the country to have received a digital asset...
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
Beijing’s $1.5 Million Digital Yuan Giveaway: China to Airdrop Digital Currency for Chinese New Year
9.2.2021
China is giving away 10 million yuan in its central bank digital currency in Beijing. Recipients can spend the digital yuan during the Chinese New Year festival. Beijing has become the third major city in China to test the central bank digital currency. 50,000 People to Receive Free Digital Yuan...
Major Thai bank's venture arm sets up $50M fund to invest in blockchain, DeFi
9.2.2021
Siam Commercial Bank, over a century old, doesn't fail to keep up with the times
Estonia’s Government Still Wants to Implement Stricter Rules for Licensing Crypto Firms
9.2.2021
The new administration in Estonia is still planning to pursue an agenda to tighten rules for companies dealing with cryptocurrencies. The Ministry of Finance is looking to strengthen anti-laundering measures within the context of a major money-laundering scandal that involved Danske Bank. Estonia...
G7 to discuss CBDC and digital taxation this week
9.2.2021
The G7 will begin its Feb. 12 meeting on the subject of central bank digital currencies, before moving to digital taxation and accelerating global debt
Cordoba Becomes the First Argentinean Province to Impose Taxes on Crypto-Related Activities
9.2.2021
In Argentina, a provincial legislature has voted in favor of a bill to impose new taxes on gross incomes from crypto transactions. Cordoba’s central province is now the first one to impose crypto taxes in the country, which involves crypto exchange platforms and retail traders. Approved...
South Korean Central Bank: Build Legal Boundary Between CBDCs & Crypto
8.2.2021
Source: Adobe/Снежана Кудрявцева
The South Korean central bank – the Bank of Korea (BOK) – wants Seoul to draw a line between central bank digital currencies (CBDCs) and cryptoassets, and hopes the government will make an eleventh-hour adjustment to a key crypto law that promulgates next month.
The...
Bank of Korea: CBDCs Are Fiat Currency Not Virtual Assets
8.2.2021
Some legal changes would be needed before a potential central bank digital currency launch in South Korea, research indicates