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Indian Supreme Court Rules in Favor of Cryptocurrency — RBI Ban Lifted
4.3.2020
A historic day for the Indian crypto community, the supreme court has finally ruled on the case against the banking ban by the central bank, the Reserve Bank of India (RBI). The court held that the RBI circular which places a banking ban on the crypto industry is unconstitutional. Also read:...
New Wallet From Stablecoin Issuer STASIS Syncs With Financial Institutions
3.3.2020
STASIS said Tuesday its new wallet would offer regulated financial institutions a new gateway into cryptocurrencies
Banking Trojans Could Be Used to Target Your Wallet & Crypto Exchange
3.3.2020
Source: iStock/da-kuk
Cryptocurrency traders, blockchain and crypto firms have been warned to prepare for an intensified spate of cybercrime-related raids, with nasty new strains of malware already circulating.
Per a report compiled by ThreatFabric, criminals have been deploying sophisticated...
Even With CBDCs, the State Won’t Forfeit Its Power Over Money
3.3.2020
Nothing is more centralizing than a state’s control over decentralized technologies like blockchain and cryptocurrency, says law professor and blockchain adviser James Cooper
Binance Lets Turkish Customers Directly Deposit Fiat With Bank Integration
3.3.2020
Binance has launched a direct channel integration with Istanbul-based Akbank, allowing users to deposit Turkish lira to their exchange accounts
Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions
3.3.2020
The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest...
Binance Users in Turkey Can Now Deposit and Withdraw TRY via Akbank Integration
2.3.2020
The competition for the Turkish cryptocurrency market appears to be heating up as Binance is the latest platform to launch a banking integration for the Lira (TRY). The global digital asset exchange is now open to direct transactions of local fiat from Akbank, one of the largest banks in Turkey....
Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor
1.3.2020
In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project...
Catch Nomad Capitalist Live At Playa Del Carmen
28.2.2020
The premier offshore consulting firm Nomad Capitalist is bringing you the world’s #1 offshore conference. From September 16-19, 2020, take in the beauty of Playa del Carmen, Mexico while learning how to create a life of freedom and prosperity on a global scale. Nomad Capitalist Live is four...
Why Banks Aren’t Banking Your Crypto Startup
28.2.2020
The compromised reputation of the crypto industry is the main obstacle for the banking sector’s integration into the space
Bank of Japan Official Calls for Deeper Understanding of Digital Currencies
27.2.2020
Advanced economies should focus on addressing money laundering and oversight instead of issuing digital currencies, says a Bank of Japan official
China's Digital Yuan Research Delayed Amid Coronavirus Epidemic
26.2.2020
The coronavirus outbreak has led to postponed work at various Chinese government institutions, including the organs responsible for researching and developing the digital yuan
Ukraine’s Central Bank: E-Hryvnia Threatens Landscape of Banking System
25.2.2020
The National Bank of Ukraine is still trying to balance the potential threats and benefits of a central bank digital currency
Crypto-Friendly Banking App Now One of Europe's Most Valuable Fintechs
25.2.2020
Crypto-supporting neobank Revolut is now valued at $5.5 billion, tied with Sweden’s Klarna for first place as Europe’s most valuable fintech
China Adopts Security Standards for Blockchain Applications in the Financial Sector
25.2.2020
Keeping the focus on blockchain development, banking authorities in China have issued a set of rules pertaining to the secure application of crypto-related technologies in the financial sphere. The new standards, the first of this kind, are to guide the work of developers and service providers...
Blockchain Pioneer Caitlin Long to Build Crypto Bank in Wyoming
24.2.2020
A Wyoming corporation founded by Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking
Indian Supreme Court to Rule on Central Bank’s Crypto Banking Ban
24.2.2020
The building of the Indian Supreme court In New Delhi, India. Source: iStock/anil_shakya19
India’s Supreme Court is set to rule on a legal challenge to restrictions placed on banks dealing with cryptocurrency traders imposed by the central Reserve Bank of India (RBI). If the challenge proved...
JP Morgan: Digital Money Foundation Laid, Blockchain In Banking Years Away
23.2.2020
JP Morgan suggests that blockchain laid the foundations for digital money, but the role of cryptocurrencies is still limited
Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced
22.2.2020
Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring...
Morgan Stanley Buys E*Trade in $13B Deal
20.2.2020
Morgan Stanley is acquiring E*Trade for $13 billion, hoping to target its 5.2 million-strong client base