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Here’s How Europeans Can Deal With Negative Interest Rates


Low and negative interest rates have been a burden for account holders across Europe for some time. And it’s only getting worse, as the European Central Bank just announced a new rate cut to a record low of -0.5%. Private and corporate customers in many countries on the continent don’t...

Yandex ties up with VTB bank launching an Investment Portal


After a much-struggled partnership between Yandex, Russia’s most valuable digital company and Sberbank, a retail state-owned bank to kick start an internet marketplace, everything seems to have come to an abrupt halt. Media is considering it be the case of sour grapes. Yandex is rather looking...

European Countries Step Up Response to Facebook’s Libra


The European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. As Facebook engages Switzerland’s financial regulator, the ECB clarifies how Libra...

Crypto Facilitates Money Transfer for Restricted China


Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in...

Russian Banks Intent on Depriving Cryptocurrency Owners of Anonymity


Russians want to eliminate all kinds of anonymity with regard to cryptocurrency dealings and make facts and figures related to crypto ownership public, thus bringing in a certain degree of transparency in the dealings. The media outlet RNS has reported that the Association of Banks of Russia, which...

Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will


Cryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant...

Greta Thunberg Joins Satoshi in Questioning Bank Bailouts


Saving planet Earth is a noble goal with many different dimensions. Climate change needs to be addressed vigorously as our world warms up faster than ever. Economic development needs a higher degree of financial freedom to provide everyone access to opportunities and wealth. A teenager from...

Paytm owner One97 in Discussions to Acquire Stake in Yes Bank


There was a time when Yes Bank was one of the shining lights of the dynamic private banking sector, but over the past year or so the bank has lurched from one crisis to another. During this period, its stock price has plunged significantly as well and hence; it has gone for a range of … The...

Has the Uruguayan Central Bank Taken a Crypto U-turn?


Alberto Graña, governor of the Banco Central del Uruguay. Source: a video screenshot, Youtube, Felipe Buitrago Uruguay’s financial chiefs appear to have made a volte-face on cryptocurrency and blockchain policy – and may look to embrace crypto- and blockchain-powered finance instead of pushing...

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