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Cash Runs Dry at ATMs as Protests Escalate in Chile
26.10.2019
There’s a lot of unrest in Chile right now as the country has seen massive protests against government manipulation and an escalation of financial problems. Local reports detail a few banking establishments have been burned after customers started having issues withdrawing cash from ATMs....
McKinsey: Majority of Banks May Not Be Economically Viable
25.10.2019
Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn....
President Xi Says China Should ‘Seize Opportunity’ to Adopt Blockchain
25.10.2019
In his first major comments on blockchain, Chinese President Xi Jinping said the country should implement the technology across the economy
Colorado Could Be Next in the Race to Bank Crypto (and Cannabis)
24.10.2019
State policymakers want Colorado to be the new Wyoming, creating friendly legislation to draw crypto companies
Belarusian Bank Gets the Go-Ahead to Service Crypto Investors
23.10.2019
A bank in Belarus has effectively gotten the green light to process transfers related to digital assets. DFS, an affiliated company of Belveb Banking Holding’s member VEB Technologies, was recently registered as a resident of the High Technologies Park. The country’s special economic...
Five Hurdles Blockchain Faces to Revolutionise Banking
23.10.2019
Blockchain is touted as the next step in the digital revolution, a technology that will change every industry from music to waste. When it comes to money, it goes well beyond bitcoin. Academics have claimed it will “do to the financial system what the internet did to media”.
There are many...
Regulate Stablecoins – Don’t Squash Them
23.10.2019
Regulators should offer a path for stablecoins to exist alongside current financial systems, writes a fellow at Harvard's Berkman Klein Center
Lithuania’s Central Bank Considering IBM for Its LBChain DLT Platform
23.10.2019
IBM and Tieto are fighting for the right to develop a financial services blockchain platform for Lithuania’s central bank
Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial
23.10.2019
The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what...
ING Bank Devises Privacy Fix for R3’s Corda Blockchain
23.10.2019
ING, the Dutch megabank, has come up with a privacy fix for R3's Corda blockchain
Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits
22.10.2019
In a normal world savers are expected to receive compensation for giving their money to the bank. Instead, due to negative interest rates, we are now seeing more financial institutions actually charging their clients for fiat cash deposits, with Credit Suisse the latest big bank to join in on this...
Facebook Risks Banking Ties Over Libra Concerns, Says ING Exec
22.10.2019
ING CEO Ralph Hamers said Libra could make it difficult for banks to accept or keep the project's creator as a client
Bitcoin IRA Is Letting Customers Lend Out Their Crypto Retirement Funds
22.10.2019
The digital asset IRA company will offer interest on cryptocurrency and cash holdings that customers want to lend out
Banks May Cut Ties With Facebook if Libra Is Launched: ING CEO
22.10.2019
ING CEO Ralph Hamers thinks that banks may have to cut ties with Facebook if Libra is launched
Cashaa Launches Banking Solution for Indian Crypto Owners
22.10.2019
Banking services platform Cashaa is offering a solution for Indian crypto owners facing banking restrictions imposed by the country’s central bank, the Reserve Bank of India (RBI). The service allows users to deposit up to 1 crore rupees (~$141,012) per month to purchase cryptocurrencies....
Bank of Cambodia: We’ll Allow More Control with Blockchain Payments
22.10.2019
Blockchain payments will enable greater financial control and remittance efficiency, says a National Bank of Cambodia official
Bitfinex Attempts to Recover $880 Million in New Court Filing
21.10.2019
Bitfinex’s parent company filed an application in an attempt to recover $880 million
Earn More Interest on Your Crypto With These Comparison Tools
20.10.2019
2019 has been the year in which crypto lending has really taken off. Centralized and decentralized finance have been major growth areas, aided by crypto exchange integration and a backdrop of negative interest rates in the banking sector. Why be penalized for saving fiat when you can be rewarded...
Cambodia’s Central Bank Testing Digital Wallet to Ease Cross Border Payments
18.10.2019
Cambodia’s Central Bank wants to slash the cost of cross-border payments and is studying how its Bakong digital wallet might help
Huobi Plans to Open Fiat Gateway with Lira-Tether Pairing in Turkey
18.10.2019
Global crypto exchange Huobi plans to roll out a fiat gateway in Turkey that could increase access to more than 250 cryptocurrencies for local investors