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Five Major South Korean Banks Join JPMorgan Blockchain Project


Five of South Korea’s biggest banks have joined JPMorgan’s cross-border, blockchain-powered payments initiative, the Interbank Information Network (IIN). The network operates on Quorum, a platform based on the Ethereum blockchain. According to an Fn News report, KEB Hana Bank, Shinhan Bank, Woori...

JPMorgan, UBS and Now Wells Fargo Builds Own Digital Cash


U.S.-headquartered banking giant with USD 1.9 trillion in assets, Wells Fargo, plans to pilot its internal settlement service, Wells Fargo Digital Cash, in 2020. The service will run on Wells Fargo’s first distributed ledger technology (DLT) platform and "will not be connected to any other digital...

Big Banks Enabled Jeffrey Epstein’s Sex Trafficking Crimes


Unlike the unfounded narrative that cryptocurrency enables crime, big banks are more than happy to serve unsavory clients if it is lucrative enough for them. The latest example of this is a report that Jeffrey Epstein was apparently using his bank accounts to fund sex trafficking and possibly other...

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