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Portuguese Banks Stop Offering Services to Crypto Exchanges, Citing ‘Risk’ as Rationale
4.8.2022
Multiple Portuguese banks have begun closing accounts belonging to crypto exchanges due to “risk management”-related reasons – and the country’s central bank appears to have given the financial institutions its blessing....
Read More: Portuguese Banks Stop Offering Services to Crypto Exchanges...
South Korean Banks May Be in Trouble as Regulator Probes Kimchi Premium Bitcoin ‘Irregularities’
4.8.2022
South Korean banks could find themselves in the firing line after the government, media outlets, and regulators stepped up the scrutiny of the banks' role in enabling kimchi premium traders to make fast money when trading volumes rise....
Read More: South Korean Banks May Be in Trouble as Regulator...
Banking Platform Galoy Raises $4M for Bitcoin-Backed Synthetic Dollar
3.8.2022
Stablesats lets people use Lightning for everyday payments without exposure to short-term volatility
Robinhood Fined Again, ZB Suspends Withdrawals, Resetting Vires.Finance, ApeCoin Enters Gucci + More News
2.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: Robinhood Fined Again, ZB Suspends Withdrawals, Resetting Vires.Finance, ApeCoin Enters Gucci + More News
84% of Surveyed Brazilian High Earners Know What Crypto Is
1.8.2022
Crypto awareness is on the rise in Brazil, a new survey has found – particularly among higher-earning individuals....
Read More: 84% of Surveyed Brazilian High Earners Know What Crypto Is
Central Bank of Uruguay Summons to Binance Due to Its Savings Focused Cryptocurrency Products
1.8.2022
The Central Bank of Uruguay has issued a summon to Binance, one of the biggest exchanges in the world, due to the series of crypto-based savings products they are offering in the country. These savings products, according to the bank, can only be made through verified banking institutions or...
China Bank Account Freeze Controversy: Authorities Reveal Latest Reimbursement Plan, Three Officials Now Under Investigation
31.7.2022
In a move seen as an attempt to pacify protesting bank clients, Chinese authorities in Henan province announced their latest repayment plan which sees customers with deposits ranging between $14,827 and $22,240 qualify for reimbursement. In addition, authorities said two unnamed officials from...
ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks
30.7.2022
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their study follows an earlier proposal to limit digital euro deposits at the European Central Bank (ECB)...
Santander to Offer Cryptocurrency Services in Brazil in the Coming Months
29.7.2022
Santander, one of the biggest banking institutions in the world, has announced it will start offering cryptocurrency services in Brazil. Its CEO, Mario Leão, made the announcement in an interview with local media, stating that the company was still seeking the best way of getting into...
Banking Giant Santander is Set to Offer Crypto Trading to Brazilians as Crypto 'Is Here to Stay'
29.7.2022
Banco Santander S.A., the Brazilian subsidiary of the Spanish Santander Group, plans to start offering crypto trading, possibly already this year.
The bank plans to start offering crypto-related services to its Brazilian customers “in the coming months,” reported Folha de S. Paulo, citing the...
European Banking Authority Concerned About Hiring Talent to Oversee Crypto Space
28.7.2022
Europe’s banking sector regulator is worried it won’t manage to find the specialized personnel needed for the oversight of the EU’s attempt to regulate the crypto market. The authority is also concerned over the lack of clarity regarding which digital assets it’s...
European banking regulator sees 'major concern' in retaining staff to handle crypto: Report
27.7.2022
José Manuel Campa reportedly suggested the European Banking Authority may be unprepared for regulating the changes that come with a “very dynamic” crypto space
EU Banking Regulator Worries It Can’t Find the Staff to Regulate Crypto: Report
27.7.2022
José Manuel Campa, chair of the European Banking Authority, told the Financial Times he is worried the agency does not yet have the capacity to supervise digital assets
Japanese Bank SMBC to Foray Into NFT and Web3 Markets
27.7.2022
The Sumitomo Mitsui Banking Corporation (SMBC), the second largest of the three biggest banks in Japan, has announced it is planning to expand into digital asset businesses, including non-fungible tokens (NFTs) and Web3 platforms. The company will partner with Hashport, a group that offers...
Tether & Bitfinex Enter New Project, Ex-Meta Team Raised USD 150M, Investor Eyes Zipmex, Crypto Donations + More News
25.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
_____...
Read More: Tether & Bitfinex Enter New Project, Ex-Meta Team Raised USD 150M, Investor Eyes Zipmex, Crypto Donations + More News
Banking Giant Barclays to Invest in Crypto Firm Copper Amid Market Downturn
25.7.2022
Multinational banking giant Barclays reportedly aims to invest in crypto custody firm Copper despite the declining global appetite for risk-on assets like cryptoassets.
The UK-based bank is one of several new investors joining a funding round for Copper, Sky News reported Sunday, adding that...
Nigerian Lenders Frustrating CBDC’s Adoption — Central Bank Governor
21.7.2022
Apathetic Nigerian lenders are frustrating the e-naira’s adoption because they are worried this could deprive them of a key revenue source, Godwin Emefiele, the Central Bank of Nigeria (CBN) governor, has said. Emefiele said the central bank is working on a channel that would enable...
Local Tax 'First' for Digital Yuan as Pilot Continues to Broaden Scope
20.7.2022
Chinese citizens have begun using the digital yuan to pay “inter-city” tax bills – doing away with the need to conduct wire transfers to local tax authorities via banks.
Per the China Securities Network and the People’s Daily, the first person to use the digital CNY in such a manner was a...
UK Markets Bill Extends Banking Rules to Crypto Assets
20.7.2022
The U.K. introduced the bill to parliament earlier Wednesday, but lawmakers won’t take up the measure until later in the week
French Banking Giant BNP Paribas Enters Crypto Custody Space: Sources
19.7.2022
French Bank BNP Paribas (BNP.PA) is entering the crypto custody space via a partnership with Swiss digital asset safekeeping firm Metaco, according to three people with knowledge of the deal