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Dutch Central Bank Prepares to Start Regulating Crypto Sector
4.9.2019
The central bank of the Netherlands is preparing to supervise the country’s crypto sector. The bank has requested crypto exchanges and wallet providers to come forward and submit some information. Once the law takes effect, these operators will be required to register with the central bank...
Auditor, Bank and Sports Platform Turn to Bitcoin, Crypto Payments
4.9.2019
Companies are continuing to turn to Bitcoin as a form of payment, with a leading global auditor and an American sports and entertainment platform opening their doors for BTC-holding customers. Moreover, a 176-year-old Norwegian bank has invested in a crypto exchange.
Auditor PwC Luxembourg...
Crypto Firms Serving Netherlands Must Register With Dutch Central Bank
4.9.2019
The Dutch Central Bank is taking a tougher stance on the cryptocurrency industry, citing new European Union anti-money laundering laws
Four Japanese Banks Including the Seven Bank, Joins MoneyTap
3.9.2019
Financial giant SBI has published in their report that four major Japanese banks have invested in its cashless mobile-payment application, MoneyTap. Money tap is powered by Ripple which uses the Ripple xCurrent solution, built on distributed ledger technology. The report stated: SBI Group announces...
Norwegian Bank Invests in Crypto Exchange Founded By Airline Magnate
3.9.2019
Savings bank Sparebanken Øst has just taken a stake in NBX, a crypto exchange set up by Norwegian Air founder Bjørn Kjos
FIN Advises US Congress To Govern Cryptocurrencies Under Bank Secrecy Act
3.9.2019
The leading strategic advisory firm, Financial Integrity Network or FIN, has released an advisory recommendation for U.S. Congress concerning the regulatory measures of the cryptocurrency sector. In a testimony before the crucial hearing, FIN announced that it purports to establish a new financial...
HSBC Used Voltron Blockchain in a Letter of Credit Transaction Using Yuan
3.9.2019
On Tuesday, HSBC used the technology of the Voltron blockchain platform and completed a transaction between Hong Kong’s MTC Electronics, sending LCD parts to its parent company in Shenzhen. It was a letter of credit transaction, done using Chinese renminbi (Yuan). Letters of credit or bankers...
Fitch Ratings Says Singapore’s Big 3 Banks are in No Danger from Newly Launched Digital Banks
3.9.2019
The development of technology and the wider Fintech sector is believed by many to be one of the biggest threats to traditional banks in many years and for a good reason. Moreover, the establishment of digital-only banks is often viewed as a potential threat and with easy availability of smartphones...
Dutch Central Bank: Crypto Firms to Be Regulated as of January 2020
3.9.2019
Firms that offer crypto-related services in the Netherlands must register with the central bank, which plans to regulate them as of January 2020
Tether Mulls Commodity-Backed Stablecoin to Cut Bank Risk: Report
3.9.2019
Bitfinex shareholder Zhao Dong claims Tether will release a version of its stablecoin pegged to commodities such as gold, crude oil and rubber
The People’s Bank of China (PBoC) Keeps a Tighter hold on FinTech
3.9.2019
The most recent news declares that PBoC (The People’s Bank of China) is looking forward to keep a tighter grip on the country’s FinTech, digital lending markets, and Blockchain. Additionally, China’s national bank stated that it expects to use the technology to upgrade the flow...
US Congress Urged to Regulate Crypto Sector Under Bank Secrecy Act
2.9.2019
The Financial Integrity Network is urging the U.S. Congress to regulate firms in the cryptocurrency sector under the Bank Secrecy Act
ECB’s Yves Mersch Warns Libra Cryptocurrency Is ‘Facebook’s Siren Call’
2.9.2019
Facebook’s Libra stablecoin is “beguiling but treacherous,” according to European Central Bank key legal official Yves Mersch
US Firm Raises $12M for Bank-Focused Blockchain Payments Solution
2.9.2019
Trinity Ventures led a $12 million round for Baton Systems’ development of its blockchain solution for bank-to-bank payments
500,000 BTC Payout, Sudden Slump: Hodler’s Digest, Aug. 26–Sept. 1
1.9.2019
In this week’s Hodler’s Digest, Bitcoin back in four figures, Craig Wright ordered to pay 500,000 BTC, and French police shut massive botnet
Doors To The Cryptocurrency Accounts Opened For European Citizens by Bitwala
1.9.2019
Bitwala has announced the launch of their bitcoin banking app for iOS and Android. Bitwala is a Berlin-based crypto banking startup with customers in about 31 of the European countries. All of these residents can now apply for a German account in the banks, with functionalities like bitcoin wallet...
Kyrgyzstan Proposes a Law to Tax Cryptocurrency Mining After Banning The Same In 2014
1.9.2019
According to reports from the regional news outlet Kabar, the Ministry of Economy of the Kyrgyz Republic has submitted a draft law “On Amending the Tax Code”. The law will introduce taxes on cryptocurrency mining activities. Back in July 2014, the central law authority of the country had explicitly...
Should Crypto Stay Decentralized or Are CBDCs Better? Experts Answer
1.9.2019
Government-backed digital currencies or decentralized cryptocurrencies? Industry experts weigh in
India Announces Multiple Mega-Mergers of State-Owned Banks in Latest Attempt to Spur Growth
31.8.2019
India is one of the handfuls of nations in which publicly owned banks still make up the major chunk of the financial system and while it has its merits, it has its demerits as well. In recent years, some of the biggest public sector banks in the country have been encircled with bad loans...
Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder
31.8.2019
Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong...