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State Bank of India joins JPMorgan’s blockchain payments network
23.2.2021
A major government-owned bank, the State Bank of India, has become the first Indian bank to join JPMorgan’s blockchain network Liink
Ant-backed MYbank to help China expand digital yuan trial
22.2.2021
Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot
Federal Reserve Bank President James Bullard Confident Bitcoin Not a Threat to US Dollar
21.2.2021
The president of the Federal Reserve Bank of St. Louis, James Bullard, has shared his view on the future of bitcoin. He is confident that the cryptocurrency poses no threat to the U.S. dollar. Referencing the unpopularity of various versions of dollars issued before the Civil War by banks, Bullard...
Banks will be required to work with crypto, e-money and CBDCs to survive
21.2.2021
The global monetary landscape will have everyone storing electronic money, cryptocurrencies and central bank digital currencies in one bank
Crypto Earning vs. Savings Accounts: How You Can Get Up to 17% Annually Holding Digital Assets
20.2.2021
The mainstream has caught a whiff of the gains cryptocurrencies like bitcoin and ethereum have seen, but many people are not aware of the passive income crypto users are getting as well. While financial incumbents are giving people with savings accounts a measly 0.35% to 0.60%, digital currencies...
You’ve got the power? Legacy banks aim high with new crypto offerings
19.2.2021
Is the crypto custody market becoming too big for established banks to ignore?
Crypto is ‘poorest hedge’ for drawdowns in equities, JPMorgan analysts say
19.2.2021
Analysts bashed Bitcoin despite JPMorgan co-president Daniel Pinto claiming that Bitcoin adoption is inevitable at some point
Russia’s Digital Ruble Model to Get Bank-Friendly Redesign
18.2.2021
Banks had feared being drained of liquidity under the original concept for the digital currency
Banks increasingly interested in Bitcoin, says Elliptic co-founder
17.2.2021
Several financial institutions in the U.S. are “are seriously considering launching some type of cryptocurrency service,” an Elliptic co-founder said
Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank’s Directive to Financial Institutions
16.2.2021
A body representing cryptocurrency and blockchain stakeholders in Nigeria has joined other crypto industry players in assailing the recent Central Bank of Nigeria (CBN) directive to banks. The CBN order, which seeks snuff out crypto entities from the banking system, took effect on February 5, 2020....
Can banks be their own bank? Deutsche Bank, BNY Mellon plan custody services
13.2.2021
Experts say building custody solutions is tricky, but will become crucially important as crypto grows more valuable
Colombia’s Financial Superintendent Approves Nine Crypto Platforms to Work With National Banks
13.2.2021
In Colombia, the entity managed by the Ministry of Finance and Public Credit, the Financial Superintendence of Colombia (Superfinanciera) has revealed the authorization of alliances between Colombian banks and digital currency exchanges. So far, Colombia’s financial department has approved...
JPMorgan will get into Bitcoin ‘at some point’, says co-president
12.2.2021
JPMorgan co-president Daniel Pinto said that the current demand “isn’t there yet” for the firm to get into Bitcoin, but he is sure that “it will be at some point.”
India Grants Crypto Holders Reprieve Ahead of Likely Ban: Report
12.2.2021
The window of opportunity for investors to cash out to fiat is expected to be between three-to-six months
Banks Likely to Adopt Stablecoins Cautiously Despite Guidance
11.2.2021
Banks face a stablecoin conundrum: Build their own projects, with all the overhead that implies, or work with well-placed existing providers
America's oldest bank, BNY Mellon, will custody Bitcoin
11.2.2021
The chief executive of the bank's asset-servicing business says digital assets are becoming "part of the mainstream."
ECB President Christine Lagarde Says ‘It’s out of the Question’ That Central Banks Would Hold Bitcoin
11.2.2021
The president of the European Central Bank (ECB), Christine Lagarde, has clarified whether central banks will start holding bitcoin now that a growing number of companies, like Tesla, are embracing the cryptocurrency. Lagarde remains skeptical about bitcoin, having recently said it “has...
ECB's Lagarde says central banks holding Bitcoin is 'out of the question'
11.2.2021
The ECB President gives the impression that central banks will avoided copying institutions in hoarding cryptocurrency
Major Malaysian Bank Kenanga Acquires 19% Stake in a Crypto Exchange
11.2.2021
One of Malaysia’s top investment banks has bought a 19% stake in a local crypto exchange via its private equity arm. The Kenanga Investment Bank announced its inception into the crypto business by investing in Tokenize Xchange. Tokenize Xchange Is One of the Three Malaysian Licensed Crypto...
IBM, Top Australian Banks Execute Country’s First Blockchain Bank Guarantee
10.2.2021
By digitizing the normally paper process, the Lygos joint venture says it's shown it can speed up bank guarantee issuances