2019-10-21 12:15 |
Institutions including the Shinhan and NH Nonghyup banks have joined a blockchain identity initiative aimed to securely share personal data. origin »
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Japan-based SBI Holdings currently stands as one of the most crypto-accepting financial body as it propels cross-border payments landscape through Ripple’s network. In the latest effort to maintain this trajectory, SBI’s MoneyTap initiative announced inclusion of two more traditional financial banks, Daiwa Securities Group Inc.
2019-10-1 21:32 | |
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Five major banks in South Korea have joined the Interbank Information Network (IIN) — JPMorgan’s blockchain payments project. This news further increases the Asian presence in the IIN initiative.
2019-9-23 13:00 | |
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JPMorgan's blockchain-based interbank payments initiative, IIN, has added Deutsche Bank as its latest member, bringing the total to 320 banks.
2019-9-16 15:00 | |
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Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden on to their customers.
2019-8-25 00:00 | |
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Facebook’s cryptocurrency initiative being subjected to criticism from lawmakers, despite being backed by industry giants, depicts the prevailing lack of trust between the social media giant and the government, owing to its “disregard for user privacy” as US Senator Maxine Waters put it.
2019-6-22 17:30 | |
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South Korea is a global crypto hot spot and its citizens are some of the most enthusiastic crypto traders in the world. The technology-focused country continues to adopt blockchain solutions with South Korea’s largest bank Kookin the latest to announce a new crypto initiative.
2019-6-19 22:30 | |
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The technology is always moving forward, so financial institutions cannot get behind the times. Recently, a group of four banks (DekaBank, DZ Bank, Dwpbank and Helaba) has decided to start a new blockchain-based initiative.
2019-5-23 01:39 | |
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Indian tech multinational, Wipro, has developed a blockchain-based solution for banks in Thailand to settle dues. This comes as Indian government and banking authorities look to enact a blanket ban on all non-state-issued cryptocurrencies back home.
2019-5-8 21:00 | |
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The National Payments Corporation of India [NPCI] is pondering over the implementation of blockchain technology in an effort to strengthen digital transactions in the country, reported Business Today.
2019-4-15 18:00 | |
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Estonian government-run e-Residency program has been a huge success so far. It’s a digital identity issued by the government, providing access to Estonia’s e-services and transparent business environment.
2019-4-1 18:19 | |
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IBM claims that six banks will issue stablecoins using its World Wire protocol which is based on the Stellar network. According to the tech giant, three banks have publicly committed to the initiative, and the remainder will reveal themselves soon.
2019-3-20 21:50 | |
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As anxiety grows around every new twist and turn in the ongoing QuadrigaCX drama, along with extensive QuadrigaCX media coverage, Canada’s mainstream media has been calling on the government to bring in better oversight and regulation of cryptocurrency businesses, especially cryptocurrency exchanges.
2019-3-20 18:42 | |
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The Union Bank of Philippines, one of the country’s largest banks, is unveiling two cryptocurrency ATMs. The initiative from Union Bank has the blessings of the country’s central bank, Bangko Sentral ng Pilipinas (BSP).
2019-2-12 13:07 | |
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Another country that faces a financial crisis due to the US sanctions issues its own national cryptocurrency. A group of Iranian banks presented a PayMon pegged to gold. Islamic revolution in digital Four Iranian banks (Bank Mellat, Bank Melli Iran, Bank Pasargad, and Parsian Bank) presented PayMon cryptocurrency, each coin of which is backed to gold reserves.
2019-2-8 17:22 | |
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Three of Japan’s biggest banks have canceled a joint project of a blockchain-based peer-to-peer money transfer service. The three so-called Japanese ‘megabanks’, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group, said the joint venture was a duplication of their individual efforts.
2019-2-5 13:25 | |
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Eleven Indian banks have joined an initiative that may change the way small businesses obtain loans, via blockchain. The blockchain-linked loan system will focus on small and medium enterprises and aims to remove communication barriers between India’s largest banking providers.
2019-1-29 01:27 | |
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Cryptocurrencies and blockchain technology are beginning to creep into real-world enterprise business. Ripple has already partnered with over 200… The post Saudi Arabia and UAE Banks Launch Pilot Cryptocurrency Initiative — Could They Be Using Ripple Technology? appeared first on Invest In Blockchain.
2019-1-22 08:52 | |
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Bitcoin Available For Sale In French Tobacco Shops Despite Regulatory Unclarity Even though there is a vote of no-confidence from central banks, an initiative to sell Bitcoin in France’s 24,000 tobacco kiosks has been launched.
2019-1-10 17:10 | |
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A leading fintech company, a cryptocurrency asset firm and a Switzerland bank have come together to implement a crypto asset solution for banks and wealth managers. Cryptocurrency Asset Solution for Banks and Wealth Managers According to a press release by fintech company, Avaloq, a Swiss bank, Gazprombank Ltd, cryptocurrency company, METACO, and Avaloq, recently came […] The post Avaloq Spearheads Cryptocurrency Asset Solution Initiative appeared first on Ethereum World News.
2018-12-7 19:53 | |
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Philippine lender UnionBank of the Philippines said its blockchain initiative project i2i (island-to-island) would enable rural banks to provide services that were once only offered by universal banks.
2018-11-15 14:53 | |
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The National Bank of Canada has announced the successful completion of a pilot program in collaboration with IT firm CGI and blockchain startup Skuchain to use blockchain technology in trade finance.
2018-10-23 21:52 | |
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After successfully trialing blockchain-based payments for wholesale interbank settlement, South Africa’s central bank has scooped up the award for Best Distributed Ledger Initiative at Central Banking’s “FinTech RegTech Global Awards 2018.
2018-9-11 00:00 | |
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As we reported on July 19, 2018, Bermuda is determined to establish itself as the leading jurisdiction for fintech entrepreneurs, in particular those involved in initial coin offerings (ICOs), digital assets and virtual currencies.
2018-8-23 23:03 | |
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Bitcoin Press Release: Pearl Pay is working on an ecosystem of products that will help Filipinos across the globe facilitate their money transactions, faster and cheaper. July 19, 2018, Manila Philippines – Pearl Pay, a Financial Technology Company that helps Small Banks, Financial Institutions and MSMEs (Micro, Small and Medium Enterprises) through its secured mainstream […] The post Pearl Pay Launches Initiative to Solve OFW Problems appeared first on Bitcoin PR Buzz.
2018-7-19 09:52 | |
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Banks in Slovakia, including the country’s central bank, briefly hosted a giant Bitcoin logo on their exteriors July 11 as part of an unannounced protest by a local action group. Slovak Banks ‘Remain In Darkness’ Photo and video evidence from around the capital Bratislava showed various institutions with a black-and-white ‘bat’ logo depicting Bitcoin and Monero.
2018-7-13 22:00 | |
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Switzerland voted against the so-called “sovereign money” referendum Sunday, June 10 – a proposal for a financial system that multiple commentators have compared to cryptocurrency. Sovereign money is an initiative that would give the country’s central bank sole control over creating money, instead of continuing to allow commercial banks to “create” money for credit and
2018-6-11 22:08 | |
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South Korea’s third-largest crypto exchange, Coinone, is reportedly looking to sell part of its chairman’s stake, with Coinbase named as a potential participant in the early talks. According to a Seoul Economic Daily report citing a company representative, Coinone plans…
The one-exchange-one-bank model is not a legal requirement but is widely followed. A government study found the setup limits access for small crypto exchanges. Large platforms dominate Korean won-based trading due to better liquidity.
Only VASP-registered platforms will stay available on the Play Store. Local exchanges like Upbit and Bithumb could gain more market share. Some traders may shift towards DeFi and non-custodial wallets.
South Korean regulators plan to lift a nine-year ban on corporate crypto investments as the country continues to warm up to the digital asset space. South Korea’s Financial Services Commission has reportedly crafted new guidelines for listed corporations and professional…
Most breaches involved failures in customer due diligence and identity verification processes. The action coincides with reports of a potential majority acquisition by Mirae Asset. The case reinforces stricter regulatory expectations across South Korea’s crypto sector.
South Korea's ruling Democratic Party is working to consolidate several lawmaker proposals into a revised digital asset bill.
According to reports, Mirae Asset Group is in advanced talks to buy Korbit, South Korea’s long-running crypto exchange, in a deal valued at about 100 billion to 140 billion won — roughly $70 million to $100 million.