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Judgment Delivered in Favor of a Crypto Exchange in Israeli Supreme Court
4.6.2019
The Highest court of Israel has stated on 3rd June that bank Leumi cannot stop digital currency exchange Bits of Gold on the regulatory grounds to have an account as reported. Previously in 2018, the court had declared a temporary injection forbidding the major bank of the country from supporting...
Israeli Supreme Court Stops Bank From Closing Crypto Exchange’s Account
3.6.2019
In February 2018, the Supreme Court of Israel issued a temporary injunction order forbidding a major bank in the country from halting the activity of a local cryptocurrency exchange. Now the bank has been forced to accept that the company’s account will remain open indefinitely. Also Read:...
Brazilian Banks to Implement New HyperLedger-Powered Digital ID Platform
3.6.2019
Brazilian banks will be implementing a new standardized blockchain identity solution powered by Hyperledger Fabric, co-developed by IBM and the country’s central bank
Bahamas National Cryptocurrency Developer Says Startups Essential for Adoption
1.6.2019
The CEO of the firm developing the Bahamas’ central bank digital currency said that startups will be key to its adoption
Rwanda’s Central Bank Issues PSA on Alleged Cryptocurrency Get-Rich-Quick Scams
30.5.2019
Rwanda’s central bank has issued a warning about alleged ICO scams and crypto pyramid schemes targeting the country’s residence
SoftBank’s Vision Fund Aims To Get $4 Billion Loan Against Its Stakes In Tech Companies
30.5.2019
As far as private equity funds for tech companies are concerned, there is nothing bigger than Japanese conglomerate SoftBank’s Vision Fund, which started with an incredible $100 billion in its coffers. Over the years, it has made some of the biggest investment in tech and owns significant stakes...
Philippine Bank RCBC Waiting For Regulatory Consent To Present Stablecoin On IBM Blockchain
30.5.2019
The most significant credit card issuing bank of Philippines is waiting for regulatory approval to issue Philippine Peso based digital coin on the newly launched blockchain of IBM. The blockchain of IBM is a real-time worldwide payment network, specially created for the financial institutions...
European Bank Official Shares Benefits Of Central Bank Digital Currencies, Positive Signs For Industry
29.5.2019
The European journey for cryptocurrencies has been quite dull, slow, and even uncertain at times. Compared to other regions like Asia and South America, Europe has stayed quite cold and unexplored in terms of digital currencies. However, recent developments in Europe are quite encouraging for...
Egypt: Central Bank’s Draft Law Requires Licenses for Crypto-Related Activities
28.5.2019
A new banking law drafted for Egypt’s central bank will make it mandatory to obtain licenses in advance of creating, advertising or operating platforms for issuing or trading crypto
South Korea’s Shinhan Bank Turns to Blockchain to Speed Up Loan Issuance
28.5.2019
Shinhan, one of the oldest and largest banks in South Korea, is using blockchain technology to speed up the approval process for loan products.
Iran Developing National Blockchain Platform on IBM Hyperledger Fabric
28.5.2019
Iran is currently actively developing a national blockchain platform that will eventually run the country’s financial market
European Bank Official Discusses Potential Benefits of Central Bank Digital Currency
27.5.2019
A member of the Governing Council of the ECB, Vitas Vasiliauskas, discussed the benefits of central bank digital currency in a recent speech
World’s Biggest Investment Banks to Face Class Action Lawsuit in Australia
27.5.2019
Earlier this month, some of the world’s biggest investment banks were found to have been involved in widespread foreign exchange manipulation by the regulatory authorities in the European Union. At the time, it came to light that some of the traders employed with the biggest names in investment...
Crypto-Italy: Institutions, Politics, Business and Society
26.5.2019
Is Italy going “crypto”? Some significant changes have been affecting institutions and politics before today’s 2019 European elections — a survey on the status of the blockchain revolution in the Bel Paese
As Deutsche Bank Shares Hit New Lows, CEO Promises Tough Cuts
23.5.2019
At one point of time, German banking giant Deutsche Bank was looked upon as being in the same category of some of the biggest banks of the world like Goldman, JP Morgan, and Barclays among others, as it set its sights on international domination. However, the financial crisis of 2008 burned...
Over 55,000 Brazilians Conned For $200 Million By Fake Cryptocurrency, As Crypto Frauds Refuse To Die
23.5.2019
Crypto related frauds continue to be a headache for the market. Another one pops out its head from Brazil, where a fake cryptocurrency scams over 55,000 investors. The estimated fraud value is said to be over $200 million. The primary for crypto scams has been the lack of awareness among investors....
Central Bank of Russia Expects Crypto Draft Bill to Be Adopted in Spring 2019
22.5.2019
Russia’s central bank believes that the draft bill on crypto regulation is prepared enough to be adopted in spring 2019, in accordance with the order of president Vladimir Putin
Israeli Court Rules Bitcoin Is an Asset
22.5.2019
An Israeli court has ruled that bitcoin is an asset, confirming the central bank’s stance. The case involves the country’s tax authority and the founder of a blockchain startup who argues that profits from the sale of cryptocurrency should be tax-free. The court has ruled in favor...
Central Bank of Laos Issues Warning Against Using Cryptocurrency
22.5.2019
Laos’ central bank has warned financial market participants against accepting, buying or selling cryptocurrency
Chinese Central Bank-Led Fintech Research Institute Seeks New Blockchain Talent
21.5.2019
A fintech research institute established by China's central bank has posted several new job openings for blockchain talent