UK Banks Fined $66 Billion For Insurance Fraud; Bitcoin Still Bad?

UK Banks Fined $66 Billion For Insurance Fraud; Bitcoin Still Bad?
фото показано с : bitcoinist.com

2019-9-12 15:30

The arguments as to why bitcoin is superior to the banking system are pretty clear cut to anyone that has used it. A decade ago BTC was conceived to cut out the fatcat middlemen and allow people to transact between themselves.

We are not quite there yet, but flaws in the way banks work and grab their profits are mounting up. Big Bank Fines Accumulating Aside from the simple premise that bitcoin is faster and

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The post UK Banks Fined $66 Billion For Insurance Fraud; Bitcoin Still Bad? appeared first on Bitcoinist. com.

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bitcoin banks cut fined fraud still bad

Источник: bitcoinist.com

bitcoin banks → Результатов: 126


Фото:

Korea’s ‘Big 4’ Bitcoin Exchanges Facing Strict AML Scrutiny from Banks

The latest news emerging from South Korea indicates that Bitcoin exchanges are facing a surprisingly increased level of scrutiny of commercial banks amid the renewal of banking services. The revelation comes as the intergovernmental Financial Action Task Force (FATF) continues to urge countries to enact stricter regulatory controls over the crypto industry.

2019-7-30 13:00


The Central Bank Of Myanmar Seeks To Shun Bitcoin as Crypto Adoption Grows at Rapid Pace

Myanmar, a small developing country tucked in the western side of Southern Asia is showing signs of ignoring the bitcoin craze that has been on since its development. Since bitcoin is built on a concept that could entirely do away with banks if adopted due to its decentralization aspect, central banks are a little terrified […]

2019-5-21 02:01


Bitcoin is 300 Times Cheaper Than Wire Transfers, Banks Take 83% Profit

Since 2017, so-called “experts” in the finance sector have criticized Bitcoin for being too expensive. Yet, banks are pocketing 83 percent profit on every wire transfer. According to Bank of America’s official data, the $302 billion bank charges $30 for outbound domestic wire transfer and $35 for outbound international wire sent in foreign currency.

2018-9-19 16:00


Citigroup, Morgan Stanley’s Roadmap Shows Institutional Demand For Bitcoin is Surging

Over the past week, Citigroup and Morgan Stanley have doubled down on their plans to offer tradable instruments and products around Bitcoin. Alistair Milne, the chief information officer at Altana Digital Currency Fund, stated that the increasing interest towards cryptocurrencies as an asset class by banks and regulated financial institutions is crucial, as it demonstrates.

2018-9-14 14:56


Korean Banks to Limit Services for Crypto Traders Without Real-Name Verification

South Korean banks are reportedly taking measures to limit services for customers who are not using the real-name system. It has been over seven months since the Korean government introduced the crypto real-name system, but only 40-50% of accounts at the country’s top four cryptocurrency exchanges have been converted into real-name ones, according to local […] The post Korean Banks to Limit Services for Crypto Traders Without Real-Name Verification appeared first on Bitcoin News.

2018-9-11 10:35


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