2021-4-22 13:00 |
National Westminster Bank (NatWest), a major retail and commercial bank in the United Kingdom, will stop serving any businesses that accept or otherwise transact cryptocurrencies, news daily The Guardian reported yesterday. origin »
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India has a very interesting and complicated relationship with the cryptocurrency industry. In the past, crypto businesses were prevented from receiving banking services by the Reserve Bank of India.
2021-3-12 20:57 | |
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The Central Bank of Nigeria (CBN) reminded financial service businesses that dealing with cryptocurrency is prohibited. The post Nigeria’s central bank moves to prohibit Bitcoin and cryptocurrencies appeared first on CryptoSlate.
2021-2-6 03:00 | |
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The Reserve Bank of India (RBI) has gone quite a long way when it comes to cryptocurrency in the past twelve months. Originally, it banned local banks in India from providing services to crypto businesses, only to have its decision revoked by India’s Supreme Court.
2021-1-27 15:33 | |
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Signature's $10 billion in deposits from crypto businesses is now double that of rival Silvergate.
2021-1-22 01:38 | |
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The city council of Lebrija has created a virtual currency ‘Elio’ that can only be used for payments made to small and medium businesses, according to a report by Diario de Sevilla. Read more: Spain’s Second-Largest Bank Will Soon Launch Crypto Services: Sources
2020-12-29 15:20 | |
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Less than a year ago, India’s Supreme Court decided to overrule the central bank’s decision to forbid all other banks in the country to serve crypto businesses. With this rule revoked, the country’s crypto industry began to flourish, which led the government to the idea of introducing crypto taxes.
2020-12-29 14:56 | |
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Russia's central bank wants the digital ruble to help businesses by cutting out financial middlemen.
2020-12-8 16:32 | |
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The government of the United Kingdom is making active plans to transform the nation’s financial ecosystem and ultimately make the region a hotbed for innovative businesses. The government says it plans to formulate amenable regulations for stablecoin initiatives and central bank digital currencies (CBDCs), according to a statement November 9, 2020.
2020-11-11 22:00 | |
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Coinbase has released Coinbase Commerce to allow businesses and merchants to accept cryptocurrencies. “With Coinbase Commerce, we’re building the most trusted and secure way for merchants anywhere in the world to accept cryptocurrency payments, and in turn, enabling more ways for customers to spend their crypto,” said John Zettler, Senior Product Manager at Coinbase.
2020-10-14 23:54 | |
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As per a press statement shared with Bitcoin Exchange Guide, money services businesses based in the United States, composed of crypto firms, will in the near future enjoy easy regulatory processes.
2020-9-15 21:01 | |
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A consortium of big Australian banks has successfully conducted a blockchain-based pilot with over 20 Australian businesses and IBM, according to a report. Australian banks look to blockchain IBM public cloud Lygon blockchain platform has successfully conducted its pilot with Australian banks ANZ, Commonwealth Bank of Australia (CBA) and Westpac, and a group of 20Read MoreRead More.
2020-9-7 17:07 | |
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The Bank of Thailand (BOT) announced Wednesday that is has entered third-phase development of its central bank digital currency (CBDC). BOT is planning to expand the use of the CBDC among large businesses.
2020-7-17 12:40 | |
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Thailand’s central bank is continuing developments on the central bank digital currency (CBDC) project as the apex bank will test its CBDC for transactions among large businesses. Thailand’s CBDC Reaches Third-Stage Development According to a report by the Nation Thailand on Thursday (July 16, 2020), the Bank of Thailand (BOT) CBDC project is already atRead MoreRead More.
2020-7-17 20:07 | |
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A leading economist shares why crisis-time central bank policies are saving zombie companies while hurting small businesses and startups.
2020-7-8 22:00 | |
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In a report released earlier on Tuesday, ING launched the TRP joining forces with Standard Chartered, Fidelity Digital Assets, and several crypto-native firms, including BitGo, Crypto Broker AG, Metaco, 21 Analytics and OSL/BC Group.
2020-6-25 00:05 | |
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The Islamic Development Bank’s (IsDB) research division has collaborated with Blocko, a blockchain technology company, to build a blockchain-powered credit system. Sharia-compliant Blockchain Lending According to a report by Construction Business News on Tuesday (June 16, 2020) IsDB’s Islamic Research and Training Institute (IRTI) together with Blocko, is developing a blockchain-based credit system for businesses.
2020-6-17 06:07 | |
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Since July 2018, domestic commercial banks in India were prohibited by the Reserve Bank of India (RBI) from servicing cryptocurrency exchanges and all other businesses dealing with virtual currencies due to a circular that the Central Bank had released.
2020-6-12 13:37 | |
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Here are the legal resources available to Indian crypto users and businesses if a bank has declined services out of cryptophobia.
2020-5-31 13:14 | |
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The RBI’s response follows several complaints that some banks were refusing to offer banking services to crypto exchanges and related businesses The Reserve Bank of India (RBI) has clarified that it doesn’t prohibit banks and other financial services providers in the country from dealing with, or providing, bank account services to cryptocurrency exchanges.
2020-5-27 19:59 | |
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India’s Supreme Court lifted the infamous bitcoin ban sometime in March this year. This ban had been imposed by the Reserve Bank of India (RBI), restricting banks from servicing crypto-related businesses in the country.
2020-5-27 18:15 | |
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India’s central bank, the Reserve Bank of India (RBI), has confirmed that there is no longer any banking ban on crypto exchanges, companies, or traders. This follows the supreme court decision to quash the RBI circular prohibiting banks from providing services to any customers dealing in cryptocurrencies.
2020-5-27 13:15 | |
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The Indian cryptocurrency industry has been growing rapidly despite the nationwide lockdown and the coronavirus crisis. Two new cryptocurrency trading platforms are launching in India while existing crypto businesses seek clarification from the central bank, the Reserve Bank of India (RBI).
2020-5-8 12:15 | |
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Starbucks, Subway, and McDonald’s are among the 19 retail businesses that will be trialing China’s digital yuan in one of the country’s pilot program cities. Per reports, China has already started testing its digital currency in a real-world setting in order to improve the currency’s functionality.
2020-4-24 17:55 | |
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Bankera, an ambitious project to build a neobank for the digital era, has started to offer payment accounts to individual and business clients as a low-cost, fast and convenient alternative to traditional bank accounts.
2020-4-19 18:45 | |
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In this article, we will discuss 10 exchanges to buy bitcoin in india. On 6th April 2018, The Reserve Bank of India (RBI) has issued a statement today ordering all companies and businesses that are registered with them, to stop dealing with entities that deal with cryptocurrencies.
2020-4-9 11:57 | |
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On Sunday, the Central Bank of Egypt (CBE) announced it had instructed financial institutions in the country to put withdrawal limits in place for cash. Regional reports disclose that Egyptian residents can only withdraw 10,000 Egyptian pounds ($640) and businesses can only withdraw 50,000 pounds ($3,200).
2020-3-31 21:45 | |
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In 2019, cryptocurrency and blockchain businesses saw more regulation than any year prior. G20 finance ministers, central bank governors, and regulators cracked down hard on the bitcoin industry.
2020-3-25 17:15 | |
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The US Congress has mandated the nation’s central bank, the Federal Reserve (Fed), to print an infinite amount of cash to help the nation navigate the ongoing economic crisis. The funds will be available to local businesses and investors in the financial markets to shield them against the impacts of the Covid-19 disaster. Fed president […]
2020-3-24 14:45 | |
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The Reserve Bank of Zimbabwe (RBZ) is interested in regulating digital currencies and has already started drafting a policy framework. This move came weeks after India curbed the ban imposed by the reserve bank of India on banks and financial institutions preventing them from dealing with individuals and businesses dealing with cryptos. Bitcoin has also […]
2020-3-17 22:49 | |
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The PIX payments system is coming to Brazil later this year, promising almost instant transfers for individuals and businesses.
2020-2-20 11:30 | |
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When consumers hold money in banks, they expect to be paid an interest rate—there’s a reason why people don’t store their money under a mattress in a safe in their house. But, this financial trend is changing, with there being banks that now charge consumers and businesses for storing money, something unheard of ten or […] The post Why crypto? Holding money at Dutch bank ING could cost you appeared first on CryptoSlate.
2020-2-2 15:00 | |
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Silvergate made its name providing fiat banking services for crypto businesses. Now, CEO Alan Lane wants the bank to handle digital assets themselves.
2020-1-31 01:00 | |
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Metropolitan Commercial Bank has in the past year experienced a steady decline of deposits emanating from businesses in the crypto-verse. This is an indication that the bank is now witnessing more competition than it did a few years ago.
2020-1-29 19:14 | |
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The historic case brought against the Reserve Bank of India’s ban on banks’ dealings with cryptocurrency businesses resumed this week at the country’s Supreme Court
2020-1-26 14:34 | |
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India’s supreme court heard the crypto case on Thursday, starting with the arguments by the counsel for the Reserve Bank of India (RBI). After pointing out that the RBI ban only hurts crypto businesses but does not stop crypto trading, the court explained that “being an honest contributor to the blockchain is more profitable than […] The post Indian Supreme Court Warms Up to Crypto as RBI Defends Its Ban Power appeared first on Bitcoin News.
2020-1-23 17:05 | |
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The Indian Supreme Court has postponed the hearing on Reserve Bank of India’s (RBI) case related to crypto businesses. Ever since the RBI implemented its ban on crypto dealings at banks in April 2018, crypto firms and exchanges in India have had a very tough time.
2020-1-15 21:57 | |
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The Supreme Court of India has passed over, but not adjourned, a case against the Reserve Bank of India’s ban on banks’ dealings with crypto-related businesses
2020-1-14 13:05 | |
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The upcoming fifth Anti-Money Laundering Directive (AMLD5) within the European Union (EU) has already spelled the end for smaller crypto firms on the continent. In the latest, however, a secret memo between the Dutch Central Bank and the Minister of Finance indicates that crypto companies in Holland may face additional rules that go beyond what […] The post Smoking Gun: Dutch central bank caught overreaching in local crypto businesses appeared first on CryptoSlate.
2019-12-19 12:00 | |
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The China Construction Bank will help finance small businesses using a blockchain platform.
2019-12-11 15:00 | |
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Bank of China has issued 20 billion yuan, or about $2.8 billion, in blockchain-based bonds to small businesses.
2019-12-7 21:05 | |
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Almost 200 cryptocurrency exchanges and token issuing platforms have been shut down. According to the People’s Bank of China’s (PBoC) financial report, the country will continue to crack down on “unlicensed payment” businesses, which include online lending institutions and other financial companies operating on the internet.
2019-11-26 22:15 | |
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On Friday, November 22, 2019, China’s central bank, People’s Bank of China released an announcement that it will be monitoring crypto businesses. It has been disclosed that the “clean-up” will continue since their previous one in 2017.
2019-11-25 18:29 | |
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China's central bank has formally issued a new plan to crack down on crypto businesses.
2019-11-23 22:15 | |
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The Federal Reserve is to decide whether it's worth issuing a central bank digital currency (CBDC) for households and businesses
2019-11-20 17:37 | |
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Crypto wallet and banking service application Cashaa, has announced the launch of US dollar bank accounts for crypto businesses in partnership with Metropolitan Commercial Bank. Starting from November 25th, those interested can apply for US dollar accounts with full banking features through Cashaa from anywhere in the world, except for sanctioned countries.
2019-11-15 03:55 | |
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The People’s Bank of China (PBOC) is the first major central bank to hint at issuing its own digital currency. Consumers fear an end to the anonymity of cash, but officials say that their goal is ‘controllable anonymity’.
2019-11-13 09:32 | |
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Asia-focused Payment Gateway, Omise announced that it will be offering PayNow to customers in Singapore reports Finance Magnates. Customers, namely small and medium-sized e-commerce businesses can expect this addition to take place sometime next month.
2019-11-12 01:38 | |
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Dr. Raghuram Rajan, former Governor of the Reserve Bank of India and Distinguished Professor of Finance at the University of Chicago, took the stage at Swell 2019 and underscored the important role that technology, including blockchain and digital assets, plays in fueling economic growth, increasing financial inclusion and ultimately revolutionizing businesses in emerging markets around … Continued The post Swell 2019: Dr.
2019-11-7 11:20 | |
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Recognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings. The goal is to clarify applicable rules without introducing more regulations.
2019-10-26 15:05 | |
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The next generation of institutions in Europe won’t just hold Bitcoin, they will benchmark themselves against it.
Animoca Brands has taken a new step in its regulatory plans after receiving early approval to pursue a fund management license in Abu Dhabi. Animoca Brands is advancing its regulated strategy after receiving initial approval to establish a fund management…
The case highlights the tension between privacy in cryptocurrency and regulatory efforts to curb illicit financial activities. The post Samourai Wallet’s William Hill receives 4-year sentence for money laundering involvement appeared first on Crypto Briefing.
BlackRock's move signals growing institutional interest in Ethereum staking, potentially boosting mainstream adoption and regulatory clarity. The post BlackRock registers iShares Staked Ethereum Trust ETF in Delaware appeared first on Crypto Briefing.
Since the demand of customers is valid, asset managers may have no choice but to bank on crypto and crypto native solutions.
The potential legislation could significantly shape U.S. crypto regulation, impacting global market dynamics and innovation leadership. The post Senate Banking and Agriculture committees expected to vote on crypto market structure bill next month appeared first on Crypto Briefing.
This move could accelerate the integration of cryptocurrencies into traditional finance, influencing future municipal funding strategies. The post New Hampshire okays $100M municipal bond backed by Bitcoin appeared first on Crypto Briefing.