2025-8-16 18:49 |
A group of crypto and fintech executives has urged the Trump administration to stop banks from charging fees for access to their customer data, arguing [...] origin »
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Coinbase CEO Brian Armstrong highlighted the company’s growing financial footprint, comparing its holdings to major U.S. banks and brokerages. In a post on X, Armstrong stated that Coinbase now holds approximately $420 billion in customer assets. This would make it…
2025-2-8 23:01 | |
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Decentralized Finance (DeFi) was born to sidestep the middlemen of traditional finance. No banks, no gatekeepers, no prying eyes—just you, your crypto wallet, and a world of possibilities. So when the IRS rolled out new rules mandating KYC (Know Your Customer) for DeFi front ends, it felt like throwing a toga party in a corporate […] The post DeFi and KYC: A Hate-Hate Relationship appeared first on CoinCentral.
2024-12-31 01:06 | |
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Several international cryptocurrency exchanges have joined forces with Russian arbitration managers to locate digital assets belonging to debtors amid growing concerns about bankruptcy. According to a Tuesday report by Russian business newspaper Vedomosti, cooperation agreements have already been established with prominent exchanges such as Bybit in Dubai, Bitstamp in Europe, Bitrue in Singapore, Gate.io in […]
2023-11-23 16:07 | |
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Banks stressed customer accounts “remain secure” and balances will be updated as soon as the issue is resolved.
2023-11-4 05:18 | |
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Banks stressed customer accounts “remain secure,” and balances will be updated as soon as the issue is resolved.
2023-11-5 05:18 | |
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Definitions: Bank deposit flight refers to a situation where a significant amount of funds is withdrawn from bank accounts, resulting in a decrease in the total deposits held by banks. It is characterized by a sudden and substantial outflow of money from customer accounts within a relatively short period of time. Deposit flight can be […]
2023-6-19 09:56 | |
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A joint statement ensured that all customer deposits at the respective banks will be honored by the federal government.
2023-3-13 04:59 | |
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In a new interview, Brooks Entwistle, senior vice president of customer success and managing director of APAC and MENA at Ripple, talked about the company’s efforts and goals in the Central Bank Digital Currency (CBDC) space, revealing some interesting details.
2023-3-1 11:30 | |
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The major US banks, including Bank of America, JP Morgan Chase, and Wells Fargo are planning to introduce a new system that uses a digital wallet linked to customer credit cards and debit cards. The plan is slated to start rolling out in the second half of 2023.
2023-1-24 21:00 | |
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The "know your customer" and anti-money laundering system has evolved to become an excessive constraint on financial access and a dangerous imposition on liberty and privacy – even if the original security intent was reasonable.
2022-10-15 19:20 | |
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Up to five banks or other payment services providers will be selected to participate without compensation in the development of the digital euro front end.
2022-4-30 23:30 | |
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U.S. stablecoin issuers might soon face liquidity, customer protection and asset reserve rules — and maybe even a deposit-insurance mandate like banks.
2021-12-31 17:14 | |
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Know Your Customer (KYC) procedures play a fundamental role in the combat against money laundering and the financing of terrorism (CFT). According to a 2018 report by KPMG, banks spend close to $25 billion every year on financial crime risk management.
2021-12-1 19:07 | |
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Visa payments giant is going to purchase RippleNet customer Currencycloud that improves cross-border payments for banks and fintechs
2021-7-22 13:27 | |
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Santander, one of Europe’s largest banking groups, has tweeted it will stop customer payments to Binance. The post Santander joins the list of U.K banks banning Binance payments appeared first on CryptoSlate.
2021-7-10 22:00 | |
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Santander Bank in the U. K. has become the latest high street bank in the country to block fund transfers to cryptocurrency exchange Binance. Recently, Barclays and Natwest banks reportedly made a similar move.
2021-7-9 17:00 | |
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European banks began blocking customer payments to the crypto exchange Binance after the UK financial watchdog banned operations of Binance's subsidiary in the UK. In China, Binance faces blocks of its website and apps.
2021-7-13 18:48 | |
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Fiserv, Inc. (NASDAQ: FISV) announced its integration with Bitcoin services provider NYDIG that will enable banks and credit unions to meet growing mainstream interest in bitcoin, grow their customer base, and increase non-interest income opportunities.
2021-6-24 17:52 | |
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However, the central bank wants the banks and financial institutions to continue customer due diligence for transactions in Virtual Currency. The post Reserve Bank of India Directs Banks & Regulated Entities to Stop Deplatforming Crypto Customers first appeared on BitcoinExchangeGuide.
2021-6-1 16:51 | |
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Banks in Germany are reportedly turning customer deposits away due to the negative interest rate imposed on them by the European Central Bank (ECB). Some banks are even offering online tools to help customers take their deposits elsewhere.
2021-3-4 06:10 | |
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Ripple customer ACI Worldwide helps ITMX (Central Bank of Thailand-affiliated body) to modernize the current system of real-time payments for banks
2021-2-3 19:09 | |
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The US Treasury Department reveals that the Financial Crimes Enforcement Network (FinCEN) has proposed new rules for cryptocurrency wallets. According to the US Department of Treasury’s announcement, the proposed rules require banks and other financial firms to keep records of verified customer’s identities and submit them.
2020-12-20 17:30 | |
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The guidance is apt to chafe privacy advocates, inside and outside the crypto space, who are already uneasy about the honeypot that FinCEN’s suspicious activity report database has become.
2020-12-14 01:15 | |
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Distributed ledger technology could assist the banking industry to improve customer verification efficiency HashCash... The post HashCash: blockchain to improve ID verification for banks appeared first on Coin Journal.
2020-8-13 15:38 | |
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By the end of 2020, European banks will enforce Strong Customer Authentication (SCA), a regulation that could require users to own a smartphone if they want to make use of...
2020-7-17 16:03 | |
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Banco Rendimento, one of the top volume producing banks in Brazil, has become the first RippleNet member to shift its RippleNet operations to the Ripplenet Cloud completely. Cloud technology has found a lot of relevance recently as it offers uninterrupted connectivity between the service provider and the customer no matter irrespective of their geographical location. […]
2020-6-18 19:27 | |
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The coffee behemoth Starbucks wants to use crypto to manage their almost $1. 6 billion in cash obtained through customer's use of prepaid gift cards. The Seattle-based company has over 30,000 stores all over the world.
2020-1-21 00:22 | |
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Switzerland’s financial regulator FINMA in its “Risk Monitor 2019” report while talking about the low interest-rate environment, cyber-risks, and market access also covered the risks posed by the cryptocurrency market in its money laundry section.
2019-12-11 17:37 | |
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Germany’s central bank, the Deutsche Bundesbank, has conducted a survey of banks charging negative interest rates on customer deposits. Some are charging retail customers as well as corporate clients.
2019-11-24 08:21 | |
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There are many use cases for bitcoin but the primary one is to cut out centralized banks. The banking system as we know it is on the verge of collapse, but that is not all. They also have the power to ditch their customers with impunity as Sequoia partner Roelof Botha just found out.
2019-11-18 11:00 | |
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For the better part of two months, Facebook has been in the fight to save Libra, its stablecoin project, from being shelved by regulators both at home and abroad. Concerns over a wide array of things (including money laundering and customer protection) have put the future of the asset in jeopardy, with the latest of […] The post German Banks Remain Skeptical of Libra, Won’t Ban It appeared first on BeInCrypto.
2019-11-12 03:36 | |
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N26 recently hit the 1M customer milestone in France. The German ‘neo-bank’ is betting big on digital banking — an idea which overlaps with the promise of cryptocurrencies. The banking world is going digital.
2019-10-12 15:15 | |
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Uber revealed a number of new safety features for its app, including 911 texts, rider PIN numbers, and on-trip reporting. All of this sounds like it’s designed to help keep the rider safe, but recent reports suggest Uber is less interested in protecting the customer than it’d want you to believe.
2019-9-27 02:12 | |
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On Sept. 19, Ripple website went down for maintenance for about half an hour to get what looks like a complete overhaul. What’s interesting is once the site came back up, the company added new clients to its customer’s page.
2019-9-20 18:14 | |
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SBI Holdings’ President Yoshitaka Kitao bagged himself a seat with Ripple’s other Board of Directors and Kitao has ever since, been working tirelessly to promote crypto. At the recent Financial Summit ‘Finsum’ in Tokyo, Japan, Kitao made necessary mentions of the technologies embraced by SBI and its vision to expand its own customer base.
2019-9-5 19:30 | |
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Cryptocurrencies cannot be purchased with the new Apple credit card according to the American multinational technology company’s recently published customer agreement guidelines. The Apple card’s restrictions indicate that the company’s partner, Goldman Sachs, is leery toward cryptocurrencies and other “cash equivalents” like lottery tickets and casino chips.
2019-8-5 19:20 | |
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Shaikha Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait (NBK) recently delivered a speech at the Arab-British Economic Summit in London emphasizing on the importance of embracing FinTech as an opportunity to thrive and not just survive.
2019-7-7 19:30 | |
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The Bank for International Settlements (BIS), an institution owned by the world's central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system.
2019-6-25 16:18 | |
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The Bank for International Settlements (BIS), an institution owned by the world’s central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system.
2019-6-24 16:18 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.
2019-5-11 21:34 | |
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Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.
2019-5-1 01:22 | |
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Blockchain technology is quickly being implemented throughout the world, hoping to show the power of the immutable ledger. As banks attempt to use blockchain for themselves, others choose to partner with companies that already have the necessary infrastructure.
2019-4-26 02:31 | |
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HSBC, the recognized bank and financial institution, decided to suspend an online payment made by one of its customers. The person wanted to purchase Bitcoin (BTC) that would be used to buy medical cannabis for his 70-year-old wife.
2019-4-8 19:26 | |
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7Eleven is a blockchain-based technology payment platform, that is convenient for customer to buy and sell products. Currently, 7Eleven token is being evaluated and expected to be listed for IEO by some exchanges.
2019-3-27 20:30 | |
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When Coinbase acquired Neutrino for an unspecified amount in February 2019, the news looked like business as usual: A cryptocurrency juggernaut had made another acquisition.
2019-3-1 17:19 | |
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QuadrigaCX Exchange’s founder, Gerald Cotten, passed away more than two months ago, and with his death, the keys to the exchange’s cold storage allegedly went to the grave with him.
2019-2-26 22:21 | |
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A national inquiry into the misconduct of Australia’s banking sector has revealed profit-driven malpractice that has shattered customer trust. Some of the country’s largest banks were found guilty of making families homeless and charging fees for non-existent services, sometimes to dead customers.
2019-2-6 14:35 | |
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The cryptocurrencies are faster and cheaper narrative has fizzled out as banks have embraced digital payments in recent years, improving customer experience and usability. Sure, buying a beer with a QR-code may give you a warm and fuzzy feeling, but it isn’t the problem Bitcoin solves.
2019-2-3 23:00 | |
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Fears that Michael Saylor’s MicroStrategy (MSTR) may be forced to sell Bitcoin if it is delisted from MSCI indexes is “flat wrong,” said Bitwise CIO [...]
Connecticut has ordered Robinhood, Crypto.com, and Kalshi to halt “unlicensed online gambling” via their prediction market platforms. The state’s Department of Consumer Protection (DCP) sent [...]
Binance founder Changpeng Zhao, aka CZ, teased the launch of prediction market Predict.fun on BNB Chain just as sports giant Fanatics enters the space through [...]
A collapse in Strategy’s Bitcoin buying this year and a $1.4 billion reserve fund announced this week show that Michael Saylor’s firm is bracing for [...]
BlackRock’s US spot Bitcoin ETF (exchange-traded fund) has cracked into the top ten list of US-listed stocks with the highest number of either active or [...]
A group of ten banks are planning on launching a euro-pegged stablecoin that is compliant with the European Union’s Markets in Crypto-Assets (MiCA) framework. In [...]
Kalshi has raised $1 billion at an $11 billion valuation as CNN has announced that it will integrate the prediction market’s data across its news [...]