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UK’s Central Bank Establishes Provisions for Facebook’s Libra
9.10.2019
The Bank of England has established provisions for Facebook’s Libra should it be issued in the country
Crypto Debit Card Firm Cryptopay Launches UK Bank Transfers With British Pound
9.10.2019
Crypto wallet and debit card service company Cryptopay now offers transfers with pounds sterling
Bank of England Sets Out Rules for Libra Launch in the UK
9.10.2019
The central bank has finalized principles the Facebook-led cryptocurrency project must adopt before a U.K. launch
Swiss Central Bank to Explore Use of Digital Franc in Settling Trades
9.10.2019
Switzerland’s central bank and the SIX stock exchange will study using a central bank digital currency to settle trades of tokenized assets
French State-Owned Bank Joins $8M Lightning Network Startup Funding
9.10.2019
Bitcoin’s Lightning Network dev ACINQ raises $8M in a new funding round
Major German Coop Bank Passes Negative Interest Rates to Customers
9.10.2019
One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about...
Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M Accounts
8.10.2019
Sberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients is now being sold on the black market. Initial analyses suggest the trove of data for sale is real, highlighting the risks associated...
Swiss National Bank to Research CBDCs at New BIS Innovation Hub Centre
8.10.2019
The Swiss National Bank and SIX Group to research digital central bank money within new BIS Innovation Hub
State-Owned French Bank Joins Bitcoin Startup’s $8 Million Series A
8.10.2019
Lightning-focused bitcoin startup ACINQ added an interesting investor to its cap table: Bpifrance, a state-owned bank that just made its first crypto investment
China Merchants Bank’s Latest Crypto Partnership Includes STO Investment
8.10.2019
A security token offering for the Nervos Network could help a prominent Chinese banks tap into the DeFi ecosystem
Polychain and a Chinese Bank Are Betting Millions on This Token Sale
8.10.2019
Investing in a token offering for the Nervos Network could help China Merchants Bank International tap into the DeFi ecosystem
Economic Turmoil in Hong Kong Escalates as Colonial-Era Law Is Imposed
8.10.2019
Colonial-era law has been imposed in Hong Kong causing the economic situation to degrade further, with empty ATMs and bank runs becoming a new norm. Protestors and non-protestors alike fear the martial law-like ERO (Emergency Regulations Ordinance) could eventually grind the city’s financial...
Banking Giant HSBC Set to Fire 10,000 More Employees
8.10.2019
The banking sector continues to suffer drastic layoffs as the global economic outlook remains uncertain. The latest financial institution reported to be set for cutting a massive amount of workers is HSBC, which has already announced firing thousands of people just a few weeks ago. Also Read:...
South Korean KB Kookmin Bank Adopts Blockchain to Improve Internal Processes
7.10.2019
Major South Korean bank KB Kookmin Bank is planning to integrate blockchain technology into its internal processes
Indian Supreme Court Sets Date to Hear Crypto Case Next Week
7.10.2019
The Supreme Court of India has confirmed a new date to hear the crypto case after multiple delays. During the last hearing, the court directed the Reserve Bank of India (RBI) to reply to crypto exchanges’ representation within two weeks, which the central bank has done. Also read:...
Bank Raided, Arrests Made but RBI Still Restricts Withdrawals
6.10.2019
The crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their...
Turkish Government Freezes Over 3 Million Bank Accounts
5.10.2019
Hundreds of thousands of businesses and individuals with tax obligations to the Turkish state have received foreclosure notices this week informing them about their frozen bank accounts. The government of Turkey, which is struggling with financial and economic problems under geopolitical pressure...
China Merchants Bank Subsidiary Uses Blockchain for DeFi Applications
4.10.2019
China Merchants Bank International is partnering with Nervos to apply blockchain technology to its financial services
‘Gold-Backed’ Crypto Token’s Promoter Investigated by Florida Regulators
4.10.2019
Karatbars, issuer of a purportedly gold-backed crypto token, is under investigation by Florida regulators over links to a Miami “crypto bank.”
Reserve Bank of India Restricts Indian Police to Seize Crypto Scam Amount
4.10.2019
Legal implications on Banks by the Reserve Bank of India (RBI) have caused trouble for the Pune city police department wanting to cash out seized cryptocurrencies worth of 8.42 crore INR. That amount of Indian currency was acquired by selling 244.0925 Bitcoins. The cryptocurrency was seized from...