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Ripple CLO Optimistic: American Banks Will Adopt XRP For Cross-Border Payments
In a recent interview with CNBC, Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, expressed his optimism about American banks and financial institutions returning to using the XRP token for cross-border transactions. дальше »
2023-7-18 19:00 | |
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Surge In Crypto Demand Powers Sygnum’s Singapore Brokerage Expansion
As crypto continues to break boundaries in the global financial scene, demand for crypto transactions is growing steadily among various institutions. Sygnum AG, a significant player in the digital asset sphere, is capitalizing on this trend, anticipating an upsurge in its new brokerage business based in Singapore. дальше »
2023-6-26 14:00 | |
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Russia’s Rosbank starts offering cross-border crypto payments despite nationwide ban
Rosbank, one of the Russian Federation’s most important financial institutions, is set to become the first major bank to offer cross-border transactions in cryptocurrency, according to reporting from the Russian business journal Vedomosti. дальше »
2023-6-2 22:42 | |
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John Deaton Asked To Testify Before Maine State For First Crypto Policy
There has been a significant increase in the adoption of the crypto sector despite the tumultuous condition of the market. In a recent development, Senator Eric Brakey plans to introduce a new bill to allow digital currency transactions in Maine State financial institutions. дальше »
2023-4-3 15:30 | |
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Private banks to manage future digital euro transactions
The European Central Bank's most recent progress report on a digital retail currency states that credit institutions and payment service providers will manage services related to a digital euro that the bank issues. дальше »
2022-12-22 00:40 | |
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Big Banks, NY Fed Start to Test Digital Tokens for 'Wholesale' Transactions
A group of major banks have commenced a pilot project alongside the Federal Reserve Bank of New York to test the feasibility of using tokens representing digital dollars to improve how central bank money is settled between institutions. дальше »
2022-11-16 19:09 | |
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Rapid Entrances by Utopia Crypton to Privacy Coin Space-Accepted by 1800+ Online Shops
Utopia has bee adopted by over More than 1800 online stores because it eliminates online monitoring and gives individuals and institutions the privacy they need when conducting financial transactions. дальше »
2022-9-22 14:48 | |
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Is Cryptocurrency The Future?
The cryptocurrency industry is a developing ecosystem gradually gaining ground in the established financial institutions of developed countries. Both public and commercial sectors are becoming increasingly open to incorporating cryptocurrencies into their financial transactions, such as payment processing, value storage, and investment. дальше »
2022-6-22 17:17 | |
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Bitcoin Hashrate Swells 15% Since Last Week As Analysts Expect Mining Difficulty To Increase
Bitcoin mining difficulty fell by 1. 5% last week, following the full recovery of China’s mining ban last year. China started to crack down on cryptocurrency, prohibiting financial institutions and payment companies from providing services related to cryptocurrency transactions. дальше »
2022-3-14 18:06 | |
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Indonesia’s Regulator Bans Financial Institutions From Dealing In Crypto
The top regulatory body in Indonesia has told financial firms in the country to stay clear of facilitating all transactions that involve cryptocurrency. Indonesia’s watchdog cited concerns regarding market volatility and investor protection. дальше »
2022-1-26 00:00 | |
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Pontoon Finance Raises $3.2 Million In Funding with Testnet Version Ready for Launch
Blockchain has been one of the greatest advancements we’ve witnessed in the past few decades and maybe even in history. Bitcoin creator Satoshi Nakamoto created it with a view to upend traditional financial institutions and remove the middleman from the majority of transactions. дальше »
2021-10-9 20:14 | |
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China: PBOC’s Fresh Crackdown on Crypto Sends the Market Tumbling
China has announced a fresh crackdown on cryptocurrencies. The People’s Bank of China is targeting transactions. It has declared them illegal as well as crypto-related businesses. Financial institutions too cannot provide services related to crypto, according to the announcement. дальше »
2021-9-24 19:00 | |
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US Treasury Dept sanctions crypto OTC broker Suex for alleged role in facilitating transactions for ransomware attacks
The government agency hinted at possible additional sanctions for "financial institutions, cyber insurance firms, and companies involved in digital forensics and incident response" that facilitated ransomware payments. дальше »
2021-9-22 19:30 | |
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Why liquidating one Bitcoin can land you in trouble in Russia
The Russian central bank released a new report for banking institutions to limit "shady" transactions. While the guidelines were for the purpose of controlling illicit money transfers, it also reporteThe post Why liquidating one Bitcoin can land you in trouble in Russia appeared first on AMBCrypto. дальше »
2021-9-14 00:00 | |
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How Governments Mining Bitcoin Could De-Risk Cryptocurrency
There’s seemingly a constant conversation, particularly with those involved in legacy financial institutions, about how cryptocurrency can be – to a certain degree – “de-risked. ” Can government mining, or merely taxation structure, address this? While many traditional financial players that are not crypto-first, but are crypto-adjacent (take Visa as a prime example) are relying on the use of stablecoins like USDC as their main pillar of transactions, there are other conversations happening about how crypto risk can be managed. дальше »
2021-8-9 01:18 | |
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Nigeria moved $40 million via peer-to-peer Bitcoin (BTC) trades last month
Data on Bitcoin peer-to-peer trading has shown that nearly $40 million worth of the leading digital asset was moved in the last 30 days by Nigerian Bitcoin users This figure is in line with those the African country had recorded since her government banned financial institutions from providing their services for crypto transactions. дальше »
2021-8-7 16:16 | |
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Kazakhstan to Reportedly Let Banks Open Cryptocurrency Accounts
The government of Kazakhstan would soon reportedly allow financial institutions to offer banking services to cryptocurrency exchanges in the country to facilitate crypto transactions. Local Banks to Service Crypto Exchanges The report by the Astana Times which mentioned the Data Center Industry and Blockchain Association of Kazakhstan as the source stated that crypto-based businesses wouldRead More дальше »
2021-7-28 23:00 | |
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Polygon and Fireblocks join forces to bring secure interface for large transactions to users
Polygon (MATIC/USD) and Fireblocks are working to bring Polygon users a full-range suite of crypto infrastructure products, which include a secure interface for large crypto transactions between institutions, the Fireblocks Asset Transfer Network, Invezz learned from a press release. дальше »
2021-7-16 17:11 | |
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This Assurance Layer Is Giving Institutions the Confidence to Enter DeFi Without Worrying About Frauds or Accidental Transactions
Institutional participation is key to unlocking the future growth of DeFi. But without a proven dispute resolution mechanism, DeFi is too risky for institutions. Astra eliminates that risk. “What got you here won’t get you there. дальше »
2021-7-15 16:59 | |
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People’s Bank Of China Intensifies Bitcoin Ban With Financial Institution Meeting
The People’s Bank of China summoned financial institutions to reinforce that no Chinese citizen can make bitcoin transactions. дальше »
2021-6-22 18:27 | |
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PBoC Talks Crypto ‘Hype’ with Banks and Institutions & Prohibits Use of Their Services
They will also increase the investigation and monitoring of customers, including exchanges and OTC dealers and capital transactions, and will take immediate action against those still involved because crypto trading “disrupt normal economic and financial order” and “infringe people's property safety. дальше »
2021-6-22 17:02 | |
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Bitcoin Slips To $32K As China’s Central Bank Orders Banks To Block Cryptocurrency Transactions
People’s Bank of China (PBoC), the country’s central bank, has today directed local banks and payment institutions to stop providing cryptocurrency-related services such as account opening, trading, clearing, and settlement. дальше »
2021-6-22 16:57 | |
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China’s Central Bank Orders Institutions To Block Crypto Transactions
The People’s Bank of China (PBOC) said on Monday it has ordered banks and payment institutions to crackdown on crypto. The move comes after the nation enforced a series of mining shutdowns, the latest of which took place in Sichuan. дальше »
2021-6-22 16:36 | |
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PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately
China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin and other virtual currency transactions. дальше »
2021-6-22 15:30 | |
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Central Bank of China orders banks to block cryptocurrency-related transactions
The People's Bank of China ordered financial institutions to suppress cryptocurrency-related transactions. The ban affected not only banks and brokers, but also the Alipay payment network. Bitcoin crashed 10%. дальше »
2021-6-27 13:24 | |
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Crypto.com Join Hands with the Fireblocks Networks, Enabling Access to Over 400 Crypto-focused Institutions
Crypto. com, which serves over 10 million customers and boasts of an ultra-fast matching engine processing 2. 7 million transactions per second, is now part of the Fireblocks Network. They have already transitioned their internal treasury management system, contributing towards a secure institutional infrastructure, a press release on June 17 reveals. дальше »
2021-6-18 10:55 | |
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Reserve Bank of India Directs Banks & Regulated Entities to Stop Deplatforming Crypto Customers
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. дальше »
2021-6-1 16:51 | |
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Amid ongoing Chinese restrictions of crypto, is it wise to buy NEO and TRON?
As of recently, China restricted financial institutions and really any payment company from providing services that are related to cryptocurrency transactions. However, this might not be as serious as you think, as it is not the first time China has attempted to restrict the trading market. дальше »
2021-5-26 20:23 | |
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Bearish Rumble Intensifies As China Moves To Crack Down On Bitcoin Mining and Trading Activities
China appears to be ready to go to war with Bitcoin and other cryptocurrencies just about a month removed from changing its stance on digital assets. Earlier this week, it was reported that the country had banned financial institutions from conducting any crypto transactions but subsequent claims pointed out that the powers that be are […] дальше »
2021-5-22 20:25 | |
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Bitcoin Headed For A Catastrophic Price Drop As China Reiterates Negative Stance On Crypto
On Tuesday, a report from Reuters made claims of China passing a ban on financial institutions and payment companies, prohibiting any cryptocurrency transactions and warning investors over speculative crypto trading. дальше »
2021-5-19 15:35 | |
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СМИ: Китай запретил поддерживать связанный с криптовалютой бизнес
Три ассоциации при Народном банке Китая (НБК) выпустили совместное уведомление, запрещающее компаниям поддерживать связанный с криптовалютами бизнес. Об этом сообщил журналист Колин Ву. Breaking: Three associations under the Central Bank of China issued a document requiring institutions not to conduct virtualcurrency business, calling on the public not to participate in virtualcurrency, and emphasizing that virtualcurrency transactions are not protected by law. дальше »
2021-5-18 16:24 | |
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Bank of Korea to Monitor Crypto Transactions Using Financial Records
South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk to the country’s financial system. дальше »
2021-5-15 05:00 | |
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Nigeria – The People Fight Back Against Central Bank Cryptocurrency Limitations
Nigeria’s central bank recently made headlines enforcing cryptocurrency restrictions on how the country’s banking sector works. Specifically, CBN reminded regulated financial institutions yesterday that a 2017 regulation prohibits them from facilitating cryptocurrency transactions or facilitating payments for exchanges. дальше »
2021-2-23 22:35 | |
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Janet Yellen Stresses Importance of Crypto Regulation, Making Sure Bitcoin Is Not Used in Illicit Transactions
U. S. Treasury Secretary Janet Yellen has reaffirmed that it is important to ensure that bitcoin and other cryptocurrencies are not used for illicit financing. In addition, she stresses the importance of regulating institutions that deal with bitcoin. дальше »
2021-2-20 22:30 | |
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Nigerian Youths Are Unfazed By Country’s New Bitcoin Ban
As we reported earlier, the Central Bank of Nigeria has warned that henceforth, all financial institutions facilitating all forms of cryptocurrency transactions in the country will face the rot of regulatory bodies. дальше »
2021-2-6 19:03 | |
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One Step Backward: Central Bank of Nigeria (CBN) Prohibits Crypto Transactions
The Central Bank of Nigeria (CBN) has informed banks and commercial institutions to stop processing cryptocurrency transactions. This represents a significant blow for the county that has the largest bitcoin market in Africa. дальше »
2021-2-6 12:26 | |
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RUSH, A Revolutionary Crypto Payment System Backed by Real-world Assets
Over the last decade, the definition of payments has drastically changed, with the good old currency notes taking the back seat as more and more people flock towards electronic payments. However, electronic payment methods weren’t perfect either as financial institutions slapped high processing fees for such transactions, not to mention the delays one continues to […] дальше »
2020-10-9 21:12 | |
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Spikes in Large Bitcoin Transactions Suggest Institutional Accumulation
On-chain data shows that the largest players in the Bitcoin market became more active following the March 2020 price crash as well as during periods of price consolidation this summer. This may suggest a pattern of accumulation by ‘whales’ and/or institutions. дальше »
2020-9-14 15:05 | |
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Fed Reveals More Details About FedNow to Support Instant Payments in the US
The Federal Reserve unveiled further details about its new real-time payments platform FedNow Service. The platform will enable financial institutions in the US to settle transactions virtually instantly and is set for launch in 2023 or 2024, as per the details revealed last week. дальше »
2020-8-10 17:26 | |
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Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions
A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid unprecedented economic contraction. дальше »
2020-7-8 21:25 | |
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Sovos and Unbound Tech partner to offer tax compliance platform for crypto transactions
Sovos, a tax software company and Unbound Tech, a provider in cryptographic key management and protection, today announced a partnership to enable institutions trading or holding digital assets and cryptocurrency an advanced platform to secure their digital asset transactions that also ensures compliant tax reporting of cryptocurrency trades. дальше »
2020-6-25 16:53 | |
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Data Shows Ethereum Transactions Are Surging in 2020 as Institutions Jump Onboard
Ethereum, the world’s second-largest cryptocurrency by market cap, has shown strength in both fundamental and technical factors this year. The protocol has been increasingly adopted by enterprises as a blockchain tool and by investors for its long-term growth potential. дальше »
2020-6-9 19:00 | |
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MoneyMatch Works With Ripple to Provide Cost-Effective Global Payments for SMEs in Malaysia
MoneyMatch is a cross-border transfer service that helps small and medium-sized enterprises (SMEs) in Malaysia pay their global suppliers. As the country’s traditional financial institutions were charging high FX rates on the smaller volume transactions typically requested by SMEs and individuals, MoneyMatch partnered with Ripple to offer cheaper and faster payments to more than 120 … Continued The post MoneyMatch Works With Ripple to Provide Cost-Effective Global Payments for SMEs in Malaysia appeared first on Ripple. дальше »
2020-4-16 21:08 | |
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In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix
Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions to ensure wide coverage. дальше »
2020-2-21 04:45 | |
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