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Bithumb CEO Predicts Only Four to Seven South Korean Crypto Exchanges Will Survive New Rules
20.1.2021
The CEO of the South Korean cryptocurrency exchange Bithumb has made some predictions regarding the upcoming new rules governing the national industry. In fact, the executive believes there will only be between four and seven exchanges surviving the new regulation. Smaller Companies Unlikely...
Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System
20.1.2021
While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen...
Huobi Global Connects to European Banking System via UK’s BCB Group
18.1.2021
The crypto exchange is partnering with BCB Group to get instant GBP and euro settlement for its customers
Anchorage Obtains Federal License to Operate as Crypto Bank From the OCC
15.1.2021
The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approval to crypto custodian Anchorage to launch the first federally chartered digital asset bank in the country. In a statement on Jan. 13, 2021, the OCC said the company received the national trust banking charter...
OCC's Fair Banking Rule, Gemini IPO, Coinbase Altcoins Hub + More News
14.1.2021
Brian P. Brooks. Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Banking news
The US Office of the Comptroller of the Currency (OCC) today released its finalized rule to "ensure fair access...
OCC Chief Brian Brooks Is Stepping Down Thursday
14.1.2021
Acting Comptroller of the Currency Brian Brooks will be stepping down on Jan. 14, he confirmed Wednesday
Anchorage Becomes First OCC-Approved National Crypto Bank
13.1.2021
The crypto industry has its first federally chartered bank: Anchorage
An online future for finance is inevitable, says OCC's Brooks
13.1.2021
Brooks considers the migration of the financial system onto the internet "inevitable."
State-Backed Agricultural Bank of China Launches the First Digital Yuan ATMs
12.1.2021
The Agricultural Bank of China (ABC), one of China’s “big four” banks, is embarking on a pilot program to enable the first digital yuan ATMs. The banking institution deployed the first machines in selected branches in Shenzhen. ATMs Will Work With a Smartphone App According to...
OCC's Brian Brooks thinks that DeFi can root out bias and fraud in traditional banking
12.1.2021
Brooks is optimistic that regulators will find it easier to work with algorithms than with bankers
NYDIG Taps Fintech Firm Moven to Bring Bitcoin to Your Bank
12.1.2021
“If PayPal and Square can do it, then community banks should be able to do it too,” said Moven founder Brett King
Unicas by Cashaa Partners with Bitbns to Provide Banking Services to Indian Crypto Traders
7.1.2021
Unicas, a crypto bank by Cashaa, has entered into a joint venture with Bitbns, an Indian cryptocurrency exchange. This partnership aims to provide Indian crypto traders with more advanced banking services and facilities through Unicas’ help. With this partnership, Indian crypto traders using Bitbns...
Italian Banking Association launches experimental digital euro project
6.1.2021
The Italian Banking Association, ABI, is conducting digital euro tests as the European Central Bank is yet to make a clear decision on a central bank digital currency
States sue the OCC and Brian Brooks for overriding their controls on predatory lending
5.1.2021
More state regulators are gunning for the OCC and Brian Brooks, this time over usury laws and predatory lending
Top US Banking Regulator: Banks Are Authorized to Use Public Blockchains and Stablecoins for Payment Activities
5.1.2021
The top banking regulator in the U.S. has announced that national banks and savings associations in the country can use public blockchains and stablecoins for payment activities. Experts say this is good for bitcoin and its importance should not be understated. Banks Can Use Public Blockchains...
'World's First' Physical Crypto Banking Branch Opened in India + More News
30.12.2020
The "world's first physical crypto banking branch" in Jaipur, India. Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoption news
Unicas, a joint venture between online crypto banking platform...
Physical Crypto Bank Opens in India — These 14 Locations Offer In-Person Banking, Lending, Crypto Exchange
30.12.2020
A crypto bank has begun opening physical branches in India through a joint venture between Cashaa and United Multistate co-op society. Customers can open bank accounts, buy and sell cryptocurrencies, obtain crypto-backed loans, as well as learn about crypto. Crypto Bank Opens Physical Branches...
Brazilian Banking Boss Says Venezuelans Use Bitcoin & Alts as a ‘Vehicle’
29.12.2020
Source: Adobe/SPICA-VEGA PHOTO ART
A Brazilian banking association chief said that people are using crypto as a means of getting money out of Venezuela, circumventing American sanctions that have all but frozen Venezuelans out of the international banking system.
Per a report from the media outlet...
Lending Platform Vauld Raises $2M to Grow Into a Full Crypto Bank
28.12.2020
Vauld, formerly called Bank of Hodlers, raised $2 million in a round led by Pantera Capital to expand its crypto banking platform
Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns
26.12.2020
The top U.S. banking regulator is concerned that the Biden administration may roll back some cryptocurrency regulations aimed at protecting consumers. This includes allowing national banks to custody crypto assets put in place during the Trump administration. Biden Administration Could Change...