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Estonia Grants Crypto Trading and Custody License to WEG Bank
26.8.2019
German bank WEG Bank is now licensed to trade and hold cryptocurrency for clients in Estonia
Circle CEO: China’s Digital Currency Could “Bypass Western Banking System”
24.8.2019
Circle CEO Jeremy Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi
UK Central Bank Governor Sees Digital Currency Displacing US Dollar as Global Reserve
23.8.2019
BOE governor Mark Carney called on Friday for the creation of a wholly digital alternative to the U.S. dollar
The New Bitcoin Banks Are Here
23.8.2019
A new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion. Announcements...
The World Bank’s Blockchain Bond Is Just a Fancy Way of Selling Debt
21.8.2019
Last year the World Bank and the Commonwealth Bank of Australia announced a permissioned Ethereum-based blockchain to facilitate the end-to-end issuance of bonds between financial partners. The Bretton Woods-created financial institution hopes to make debt capital markets far more efficient with...
Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date Set
21.8.2019
After hearing the arguments against the banking restriction by the Reserve Bank of India (RBI) in detail, the Indian supreme court directed the central bank to reply to the representations filed by crypto exchanges. Since the RBI has not adequately answered them, the court set a new date to resume...
Australia’s Biggest Bank Says Its ‘BioTokens’ Can Help the Environment
21.8.2019
The Commonwealth Bank of Australia develops tokens meant to enable investments in sustainable development
Korean Crypto Exchange ‘Prixbit’ Shuts Down Over Banking Woes
20.8.2019
Prixbit is one of an estimated 200 players locked out of the banking system
RBI Defends Its Power Over Crypto in Indian Supreme Court
20.8.2019
The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also...
Ernst and Young to Collaborate with Open Banking Nigeria to Create API Standards
20.8.2019
The world of banking has changed dramatically over the course of the past decade or so, and the biggest reason behind those changes is modern technology. Modern technology has created systems and platforms that have made banking a lot easier both for customers as well as for those who work at...
As US Expands Subprime Mortgage Program, Is a New Crisis Looming?
19.8.2019
The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government. While that could lead to more members of certain social...
Bank of America Seeks to Patent Crypto Wallet That Works Like Valet Car Key
19.8.2019
Bank of America is seeking to patent security tech for digital currency wallets that gives different users different levels of access to stored funds
Banking Giant Santander to Bring Ripple-Powered App to Latin America
19.8.2019
After launching its app for international payments, One Pay FX, which uses Ripple’s xCurrent solution, Spanish multinational banking giant Santander Group is expanding this service to other countries.
The company is reportedly working on several things at the moment, which would make international...
Silvergate Bank Eyes Crypto-Collateralized Loans for Institutions
19.8.2019
Silvergate Bank, one of the cryptocurrency industry's few go-to financial service providers, is planning to become a crypto lender
How Coinbase Quietly Became the World’s Biggest Bitcoin Bank
17.8.2019
On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with...
R3’s Marco Polo Trade Blockchain Takes Another Step Toward Production
14.8.2019
The trade finance blockchain platform has passed another milestone in its development with a successful pilot of real-time payment triggers
Korea’s Oldest Bank Is Building a Blockchain-Based Security System
14.8.2019
South Korea’s oldest bank, Shinhan Bank, partnered with two other companies to develop a blockchain-based security solution
Shinhan Bank Teams With Kakao’s GroundX for Blockchain Security Boost
14.8.2019
One of the oldest and largest banks in South Korea has partnered with two fintech firms to build a new security system using blockchain tech
RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court Today
14.8.2019
The Indian supreme court resumed hearing the writ petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI), on Wednesday. Many issues were discussed, ranging from the legality of the RBI action to the classification of crypto assets and how each country...
Barclays Is No Longer Banking Coinbase
14.8.2019
Barclays is no longer banking Coinbase, resulting in delayed fiat withdrawals and deposits for the crypto exchange's U.K. users