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South Korea’s NH Bank Forms Blockchain Financial Services Consortium

10.6.2020
The South Korean NH NongHyup Bank has announced a memorandum of understanding to research and develop blockchain-based financial services through a new consortium

Chinese Authority Freezes Thousands of Cryptocurrency Traders’ Bank Accounts

9.6.2020
Several thousands of bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown on illicit activities. Frozen accounts are not necessarily involved in wrongdoing and can be unfrozen if the authority finds no evidence...

Saudi Monetary Authority Pumped Some of $13B Bank Infusion Using Blockchain

9.6.2020
The central bank claims to have distributed 'part' of a recent $13 billion bank "liquidity enhancement" using blockchain tech

Lithuania Is Trialing a CBDC No One Can Use – And That’s by Design

8.6.2020
The Bank of Lithuania's LBCoin digital collectible may be a gimmick, but its ambitions for blockchain tech are very, very real

Set to Grow, India’s Crypto Industry Must First Toil Tough Ground

8.6.2020
Several factors make India the hallmark country for crypto adoption. Experts, however, agree that several challenges still stand in the way

Central Bank of Saudi Arabia Transfers Funds to Local Banks Over Blockchain

8.6.2020
The Saudi Arabian Monetary Authority has transferred funds to local banks using blockchain technology

Chinese Bank Issues Commercial Paper Worth $16.9 Billion on Blockchain

8.6.2020
A Chinese commercial bank issued China’s first asset-backed commercial paper worth $16.93 billion on a blockchain

Chinese Police Freezing OTC Traders’ Bank Accounts Over ‘Tainted’ Crypto Transactions

8.6.2020
Thousands of cryptocurrency over-the-counter merchants and their clients may have been affected as police in China freeze bank accounts over tainted crypto and fiat assets

‘Be Your Own Bank’ and the ‘Luxury of Apathy’

7.6.2020
The powerful idea and meme at the core of Bitcoin self-sovereignty is incredibly empowering but has an unspoken element that requires persistent competence and at least for some makes it more trouble than it's worth

Armoney Recommends Only the Following Cryptocurrencies in India

6.6.2020
So, what is cryptocurrency? It’s an internet medium to exchange funds between individuals or corporations to conduct financial transactions. An individual becomes a bank and has control over his own money. Post-COVID will be the beginning of an online transaction era, without the need to...

Former Chinese Central Bank Exec Praises "Commercial Success" of Bitcoin

6.6.2020
Wu Xiaoling highlighted the benefits of the Bitcoin network and highlighted some of the weaknesses it faces nowadays

Digital Currencies Could Replace Low-Interest Bank Accounts, Says UN Expert

5.6.2020
Low-interest rates have removed one of the few remaining incentives for holding a bank account, meaning digital currency could be a better alternative, argues a UN expert

Central Bank Digital Currencies Endanger Private Banks, Says Federal Reserve

5.6.2020
Central bank digital currencies endanger private banks, warned the Federal Reserve Bank of Philadelphia

Ex-Chinese Central Bank Executive Talks of Bitcoin’s ‘Commercial Success’

5.6.2020
The former vice president of People’s Bank of China (PBoC) has spoken out about Bitcoin (BTC), calling it the most successful commercial application of blockchain technology yet – but claiming it also has crucial weaknesses. Per Sina, Wu Xiaoling, who served as the vice president of the PBoC...