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The Next Level of Crypto Adoption: Bank Teaches Clients About Bitcoin
27.10.2019
One German bank has an original way to teach its clients about the world’s most popular cryptocurrency, Bitcoin (BTC). It needs only two old-school things to accomplish this: a pen and a paper.
Recently, Cryptonews.com wrote about the Bitcoin-bullish report published by German bank Bayern LB. We’ve...
Cash Runs Dry at ATMs as Protests Escalate in Chile
26.10.2019
There’s a lot of unrest in Chile right now as the country has seen massive protests against government manipulation and an escalation of financial problems. Local reports detail a few banking establishments have been burned after customers started having issues withdrawing cash from ATMs....
Bank of Lithuania Issues Guidelines on Security Token Offerings
26.10.2019
Recognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings. The goal is to clarify applicable rules without introducing more regulations. Also read: Mario Draghi Leaves European...
Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland
26.10.2019
Authorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading. Also read:...
Coinplug Gets Support From Major Korean Banks in Its $6.4 Million Round
25.10.2019
Coinplug, a leading cryptocurrency exchange based in South Korea, has raised $6.4 million from the venture capital divisions of several local Korean firms. It was founded in the year 2013, and since then, it has been successfully operating as a crypto exchange and a Bitcoin prepaid card service...
Bank of Lithuania Received 'Dozens' of Inquires About STOs
25.10.2019
The Bank of Lithuania (BoL) sees an increased interest in security token offerings (STOs) and estimates that this new form of raising capital will become more popular. The bank issued the Guidelines on STO earlier this week and is reaching the final stage in creation of its blockchain-based...
State Bank of India Chief Argues Crypto Regulation Is a Must
25.10.2019
The chairman of the State Bank of India (SBI) has spoken in favor of cryptocurrency regulation in an interview. He believes that it is necessary to regulate cryptocurrencies. Last week, the chairman attended IMF meetings in Washington, D.C., with Finance Minister Nirmala Sitharaman. Also read:...
Lebanese Protestors Gather at Central Bank as Financial Lockout Continues
25.10.2019
Since the beginning of widespread protests in Lebanon last week, banks and lending institutions have remained closed, fueling fears of an impending nationwide cash crisis. Attempts to assuage the concerns of suffering individuals without money or options are not proving effective, as officials...
Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates
24.10.2019
Preparing for a change at the top, the European Central Bank has decided to keep interest rates on hold and at their all-time lows. Mario Draghi, who had his last monetary policy meeting as president of the ECB, is leaving after an eight-year term during which key rates were never raised. At...
App-Controlled Bank Current Raises $20M From Galaxy Digital and Others
24.10.2019
Mobile-only bank Current has secured $20 million from a group of investors, including Galaxy Digital EOS VC Fund
Lithuania’s Central Bank Opts Leading Entities IBM and Tieto For LBChain Development
24.10.2019
Serving as Lithuania’s Central Bank, the Bank of Lithuania has picked up IBM Poland and Teito Lithuania to work for the final stage development of its blockchain network, LBChain. The two entities will be working separately on their individual models and the bank will announce the winner after...
Colorado Could Be Next in the Race to Bank Crypto (and Cannabis)
24.10.2019
State policymakers want Colorado to be the new Wyoming, creating friendly legislation to draw crypto companies
3 Major Signs That Precede the Fall of World Reserve Currencies
24.10.2019
The story of reserve currencies is long and stretches far back into ancient times. As modern history shows, however, the average lifespan of fiat reserve assets is just around 100 years. This means that even the U.S. dollar’s period of dominance is probably nearing its end very soon...
Germany’s Financial Crisis Invokes 5-Year Rent Freeze
24.10.2019
All eyes are on the German economy which was once perceived as stable and strong. However, the financial state of affairs has been tumultuous and Berlin’s state cabinet recently agreed to a five-year rent freeze to help curb the rising housing costs in the country. Moreover, Bundesbank just...
ING Bank Proposes Security and Privacy Trade-Off for Corda Blockchain
24.10.2019
ING has purportedly found a solution to improve the security and privacy trade-off on the Corda blockchain platform with zero-knowledge proofs
Belarusian Bank Gets the Go-Ahead to Service Crypto Investors
23.10.2019
A bank in Belarus has effectively gotten the green light to process transfers related to digital assets. DFS, an affiliated company of Belveb Banking Holding’s member VEB Technologies, was recently registered as a resident of the High Technologies Park. The country’s special economic...
National Bank of Cambodia Looking to Implement Cross-border Blockchain Payments
23.10.2019
In an interview with CNBC, Assistant Governor of National Bank of Cambodia, Serey Chea, said that her country is experimenting with the blockchain payment system. She expressed hope that in the future, the country will implement the open ledger technology to enhance efficiency and reduce...
Malaysia Regulator Approves International Crypto Exchange Luno
23.10.2019
The strict financial regulator in Malaysia is trying to help the local fintech industry scale up and attract new investors. As part of that trend the Malaysia Securities Commission is recognizing the right of cryptocurrency exchanges such as Luno to serve local customers. Also Read: Credit Suisse...
Lithuania’s Central Bank Considering IBM for Its LBChain DLT Platform
23.10.2019
IBM and Tieto are fighting for the right to develop a financial services blockchain platform for Lithuania’s central bank
Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial
23.10.2019
The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what...