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State Street Slashes DLT Developer Team as Bank Rethinks Blockchain Strategy

3.12.2019
State Street Bank has cut over 100 blockchain developer jobs as part of a pivot from transforming its plumbing with DLT to supporting digital assets

Danish Court Upholds Nordea Bank Ban on Employees Owning Bitcoin

3.12.2019
Nordea Bank can now officially bar its employees from owning cryptocurrencies, according to a court ruling

Court Backs Nordea Bank Bid to Block Staff From Trading Crypto

3.12.2019
Nordea Bank has won a court battle in Denmark over its bid to bar employees from buying and selling cryptocurrencies outside of work

Sri Lanka’s Central Bank Calls for Blockchain-Based KYC Proposals

2.12.2019
Sri Lanka's Central Bank wants to use a blockchain system for local banks' "know-your-customer" protocols

South African Central Bank to Reportedly Introduce New Crypto Regulations

2.12.2019
The South African Reserve Bank will reportedly introduce new rules on cryptocurrencies to deter users from evading currency controls

Paytm Payments Bank Wants to Turn Into a Small Finance Bank

2.12.2019
Indian payments bank Paytm has revealed that the firm is looking to convert its payments bank into a small finance bank. CEO and founder of Paytm, Vijay Shekhar Sharma, told a leading Indian newspaper that such a move would allow Paytm to lend money to customers and lead to higher profits; and...

Swiss Licensed Crypto Bank Expanding Into 9 Markets

1.12.2019
A fully operational crypto-focused bank based in Switzerland is expanding into nine other markets. With a banking and securities dealer license from the Swiss Financial Market Supervisory Authority, its services include crypto custody, trading, and asset management. The bank has launched...

‘In Small Steps’ China Cuts Benchmark Interest Rates

1.12.2019
Careful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently to encourage bank lending and borrowing in the private sector. With a brewing liquidity crisis...

Central Bank of Russia Plans to Support Ban on Cryptocurrency Payments

29.11.2019
Since their inception, cryptocurrencies have borne their share of critical ups and downs in the global economy. Where the digital currency arena is witnessing an inclination from the biggies of the industrial domain, there has been a sense of growing resistance from the regulatory authorities....

Russian Central Bank Says It Would Support Crypto Ban

29.11.2019
The Bank of Russia has backed a potential ban on cryptocurrency payments, according to a state news agency

Despite St. Louis Branch Warnings, New York Fed Pumps $108 Billion Into US Economy

29.11.2019
On Wednesday, November 27, the U.S. Federal Reserve pumped $108 billion into the American economy using overnight repo tactics and 15-day repos. The central bank explained the move will stimulate more liquidity into the faltering U.S. economy, but economists from the St. Louis Federal Reserve...

Robinhood Withdraws Bank Charter Application Due to Regulatory Challenges

28.11.2019
Robinhood has withdrawn its bank charter application with the U.S. Office of the Comptroller of the Currency due to regulatory challenges

Another Bank Run Highlights China’s Brewing Financial Crisis

28.11.2019
A regional lender has become the latest victim of the growing liquidity crunch in the world’s most populous country. Yingkou Coastal Bank, operating in the northeastern Chinese province of Liaoning, is the second institution within less than a month to see its financial stability threatened...

The Bank of Ghana Considering Digital Currency + More Crypto News

27.11.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news The Bank of Ghana, the country's central bank, is thinking about issuing a digital currency to complement the growth...

Ghana Exploring Digitized National Currency, Says Central Bank Exec

27.11.2019
The governor of Ghana’s central bank says that the country is exploring a central bank digital currency, and could issue an e-cedi in the near future

Ashok Leyland Teams Up With Axis Bank for Financing of Commercial Vehicles

27.11.2019
Ashok Leyland, the automobile company, owned by the Hinduja Group, has announced that it has partnered with Axis Bank for financing commercial vehicles. The partnership is for 2 years to offer customized financial solutions to its customers. According to the announcement, service will be available...