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Russian Central Bank Wants Banks to Flag Crypto Deals as ‘Suspicious’


Russia’s Central Bank has unveiled a plan to ask banks in the country to flag account holders who deal with cryptoassets as “suspicious.” Per news outlet RBC, the Central Bank has submitted a request to make amendments to the key 375-P protocol, a document that outlines the way that banks should...

India’s Banking Sector to Increasingly Adopt Blockchain Tech: GlobalData


According to GlobalData, a leading data and analytics company, the Indian banking sector will witness considerable growth in the mainstream use of blockchain tech in 2020 as well as moving beyond that. This growth may be attributed to the fact that in the past few years, several of the leading...

84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan


The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central...

XRP Surges After Ripple Signs Deal with Large Egyptian Bank


XRP, the token associated with the U.S.-based fintech firm Ripple, today soared to its highest level in U.S. dollar terms since July 2019 after the company announced yet another partnership, this time with the National Bank of Egypt, known as the largest state-owned bank in the country. As...

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