2020-6-5 17:54 |
Federal American banking regulatory body OCC has requested feedback regarding potential crypto usage by banks while preparing adjustments in digital banking regulations origin »
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In a move that is first in the crypto market, the Swiss financial regulator has awarded the banking and securities dealer licenses to two new “crypto banks.” Two pure-play blockchain service providers Zurich registered Sygnum and Zug registered SEBA are now cleared to offer services to institutional and professional customers. FINMA, Swiss Financial Market Supervisory […]
2019-8-26 19:06 | |
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As crypto businesses have started to make the move into crypto-friendly geographies to avoid risk of shutting down, Switzerland made headlines on the other side of this spectrum by announcing banking licenses to two cryptocurrency-focused banks.
2019-8-26 16:30 | |
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A new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion.
2019-8-23 12:58 | |
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India Supreme Court Justice Rohinton Fali Nariman has ruled that the Reserve Bank of India has not responded appropriately to concerns from the country's crypto industry regarding the RBI's ban on banks providing services to crypto firms.
2019-8-21 19:11 | |
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As many as 70,000 people could be facing financial ruin as a massive crackdown sweeps across Ghana’s banking system. It serves as yet another stark warning that governments and banks are in full control of people’s money.
2019-8-20 18:00 | |
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Several Bitcoin and crypto traders of Israel are facing a problem with banks right now. Many banks are not very sympathetic with crypto traders and are closing their accounts. This has prompted several of them to start a series of lawsuits against the banking institutions, the Globes has recently reported. The problems are pretty varied. […]
2019-8-20 22:47 | |
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Protesters in Hong Kong have taken to a new non-violent tactic, withdrawing cash in mass from ATMs and banks and converting it to U.S. dollars—foreshadowing things to come for Bitcoin. On Aug. 16, protesters in Hong Kong announced plans to withdraw their cash from the banking system in protest of overreach from mainland China, reported […] The post Bitcoin as protest: Hong Kong demonstrators withdraw their money from banking system appeared first on CryptoSlate.
2019-8-19 14:17 | |
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It is no secret that the blockchain technology is amazing for banking, right? On its newest piece of research, the International Data Corporation (IDC) agrees with that and proves it with data. According to its research, the world will be spending $2.
2019-8-16 17:26 | |
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Bantotal, a banking service based in Uruguay with over 60 banking clients, has recently started a partnership with Bitex, a crypto exchange. With this partnership, the bank will help banking institutions to make cross-border payments using the Bitcoin network.
2019-8-13 23:04 | |
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Coinspeaker Bitcoin Cross-Border Payments Now Available in 60 Latin American BanksBantotal, a core banking service provider, is working closely with Bitex crypto exchange to facilitate cross-border payments using the Bitcoin blockchain targeting at least 60 Latin American banks.
2019-8-13 17:57 | |
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Crypto exchange Bitex wants to decrease costs associated with cross-border banking using the bitcoin blockchain.
2019-8-14 11:00 | |
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A prominent government minister in Britain has proposed the idea of closing banking institutions in order to mitigate the impact of an unstructured exit from the European Union. Analysts call the proposal ineffective and another reason to support broader arguments for decentralization.
2019-8-12 18:00 | |
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On August 6th we reported the difficulty experienced by Israeli cryptocurrency traders to pay taxes given the concerns raised by the banking industry. With over $85 million USD in tax arrears to be paid to the government, cryptocurrency traders are blaming the banks for purposefully creating a barrier due to the competition from the emerging […]
2019-8-9 19:46 | |
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Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup is preparing to shrink its trading staff slashing […] The post Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide appeared first on Bitcoin News.
2019-8-9 03:00 | |
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Crypto startups are hitting a snag when it comes to Israeli banks.
2019-8-9 00:30 | |
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Coinspeaker Barclays, HSBC & Standard Chartered Share Insights on Emerging TechnologiesDLA Piper’s exclusive whitepaper delivers insights from key banks on how big data, open banking, blockchain, AI and machine learning are creating opportunities in the financial services landscape.
2019-8-7 00:23 | |
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Although it has its peculiarities, the Chinese banking sector now faces similar challenges to the west’s financial system. Dozens of small banks have been experiencing liquidity difficulties in the past few months.
2019-8-1 13:50 | |
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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 | |
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Libra isn't the only payment system that stands to threaten the banks. Popular stock market and crypto trading app Robinhood is going after legacy banks with the relaunch of a cash management feature.
2019-7-22 02:30 | |
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Bitcoin Suisse, the Switzerland-based cryptocurrency broker, has taken the first steps to becoming a bonafide bank, the company has revealed. Bitcoin Suisse Applies For Banking, Securities License In a press release issued on July 16, Bitcoin Suisse, which already offers various crypto-focused financial services, also committed to using the Swiss regulatory system for its future expansion.
2019-7-19 19:00 | |
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The cryptocurrency landscape has always been closely scrutinized, with its cons highlighted by several lawmakers across the world. While conceptualized as a decentralized alternative to mainstream banking and financial institutions, cryptocurrencies today have emerged to become more than just a payment option.
2019-7-16 18:30 | |
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The proposed Libra digital asset will not aim to encroach on monetary policy or privacy, stated Marcus in Tuesday’s testimony before the US Senate Banking Committee.
2019-7-16 16:13 | |
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Facebook’s ‘consortium’ may lose its banking virginity. The cryptocurrency project launched last month by the social media giant has been seen as the death knell for big banks. However, some have diverged, veering closer to Facebook rather than chiding away.
2019-7-10 09:30 | |
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Medio Demarco, the co-founder of crypto-oriented research firm Delphi Digital, feels relieved that he left Deutsche Bank on time. Recently, the German banking giant announced massive restructuring.
2019-7-10 00:30 | |
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The three largest banks in Australia, Commonwealth Bank of Australia, New Zealand Banking Group Ltd. and, Westpac Banking Corp are partnering with Scentre, a Westfield mall owner, to test IBM’s new blockchain-based bank guarantee platform for processing retail financing, reports Reuters on July 4, 2019.
2019-7-5 05:00 | |
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One of the big attractions to Bitcoin is its ability to bypass the banking system. The likes of doom monger, Nouriel Roubini, still bash BTC in favor of a largely unprincipled banking system where the top get richer at the expense of the bottom.
2019-7-4 13:00 | |
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Indian crypto exchange Koinex announced it will be ceasing operations as a result of the Reserve Bank of India's ban on banks offering services to crypto-related firms.
2019-6-28 19:32 | |
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Bitcoin was conceived in the backdrop of banks bailouts and the 2008 financial crisis. The recession and the loss of faith in banking, financial institutions gave Bitcoin a platform to rescue the ones affected, giving them hope for a better financial system without the hassle of corrupt institutions.
2019-6-27 13:30 | |
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While the government of crypto-friendly Switzerland have since put in place amenable regulations to govern the region’s blockchain and digital assets ecosystem, traditional financial institutions in the country remain reluctant to service cryptocurrency-related startups.
2019-6-27 21:00 | |
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The Bank of International Settlements warns that financial services offered by big techs such as Facebook, Google and Amazon could create new risks for the banking sector
2019-6-25 10:05 | |
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The Italian Banking Association (ABI) has recently announced that Italian banks will be turning to blockchain technology for reconciliations. This new approach is a part of a program called Spunta Project.
2019-6-23 02:57 | |
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Coinspeaker Facebook’s Libra Crypto Launch Is Giving Jitters to Australian BanksFacebook's Libra Coin launch is giving jitters to Australian Banks who see the emergence of the Libra as a potential threat to the banking model.
2019-6-21 08:51 | |
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In an attempt to welcome more tech businesses to the state, Wyoming has enacted 13 blockchain laws over the course of two years, including the establishment of a new type of crypto-friendly banking license and rules that allow banks to hold digital assets.
2019-6-14 21:55 | |
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We all know that banks make it difficult for blockchain businesses by denying them access to conventional banking services and accounts. Well now, it seems insurance firms are throwing a spanner in the works for cryptocurrency mining businesses in Africa.
2019-6-13 13:41 | |
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A Brazilian banking and financial infrastructure facilitator called CIP has officially launched, together with IBM, a new blockchain ID platform that will be used in the country. The platform is based on the Hyperledger Fabric technology and will be called Device ID.
2019-6-13 04:58 | |
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The vice president of Bradesco, the largest Brazilian bank, has recently affirmed that all the major Brazilian banks will start to use a unique blockchain platform soon. The announcement was made today, June 11, during the CIAB Febraban, a major banking and fintech event in the region. According to Mauricio Minas, the blockchain has a […]
2019-6-12 01:17 | |
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While distributed ledger technology (DLT) is fast gaining traction in several sectors of the global economy including investment banking, remittance, payments, and others, a new report by McKinsey & Co has revealed that the retail banking ecosystem have been slower to integrate the technology due to regulatory challenges and other bottlenecks, reports Bloomberg on JuneRead MoreRead More.
2019-6-9 09:00 | |
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Consultancy firm McKinsey has argued that blockchain is gaining slower traction with retail banks due to regulatory hurdles and a conservative consumer environment
2019-6-8 13:27 | |
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While the banking industry has been one of the most hostile industries when it comes to blockchain technology and Bitcoin in the early stages – that hasn't stopped them from taking over some sizeable corner of the market for their own.
2019-6-4 00:10 | |
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Blockchain Technology, along with the idea of digital assets, has caught the attention of several major economic institutions. According to the Wall Street Journal, 14 major financial firms, including the likes of Barclays, Nasdaq, Credit Suisse Group, Banco Santander, ING, and Lloyds Banking Group, led by UBS group AG, have decided to come together to launch […] The post UBS Group AG-led banks to launch blockchain-based platform USC token to facilitate cross-border trading appeared first on AMBCrypto.
2019-6-4 19:15 | |
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Banking giants in the U. S. , Japan, and across Europe have created a consortium that will use cryptocurrency technology in cross-border transfers. The move also presents a direct competitor for Ripple’s XRP token.
2019-6-3 19:00 | |
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The banking industry is hell-bent on taking over the nascent blockchain and cryptocurrency market. A group of financial firms led by UBS Group AG is eyeing blockchain technology for settling cross-border trades worldwide with its own “Bitcoin-like” token.
2019-6-3 13:22 | |
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Banks and the cryptocurrency world have been at odds ever since the latter emerged a decade ago. From initially shrugging decentralized currency off as a mere distraction, now the disruptive force has irked the banking industry with the seventh largest bank in the world, HSBC rumored to be halting cryptocurrency transactions.
2019-6-1 11:00 | |
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Jens Weidmann, President of Bundesbank, believes mainstream adoption of digital currencies will lead to a systematic destabilization of the financial markets and banking system, May 30, 2019. More Doomsday Predictions Central banks around the world are exploring the potential of electronic cash in response to a growing demand to digitize the economy and limit theRead MoreRead More.
2019-5-30 21:00 | |
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Despite some banks touting dedicated crypto onboarding services, European cryptocurrency firms are struggling with an unfriendly banking sector and incredibly steep account fees.
2019-5-31 19:32 | |
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It’s just the cost of doing business in the banking world: white-collar criminals routinely walk away with huge profits after paying tiny legal penalties — not a bad profit-to-cost ratio for long-term success.
2019-5-27 23:30 | |
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Ripple’s CEO has argued that the biggest banks have a strong reason to embrace crypto and blockchain innovation, despite the apparent threat it poses to their current oligopoly
2019-5-21 16:52 | |
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Big banks are riding a FOMO wave as the Bitcoin bull-run is just beginning. Spearheaded by the changing colors of JP Morgan, which recently forayed into the digital assets world, the banking elite is now suggesting that their initial stance on Bitcoin and the larger cryptocurrency world might have been off.
2019-5-20 14:30 | |
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The Indian judiciary and banking elite have made clear their opinion on the use of cryptocurrencies in the past few years. After the central bank came down hard on private banks known to have ties with crypto-centric companies, now these private banks are doing the same to their customers as well.
2019-5-17 22:08 | |
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