2023-6-3 16:00 |
The Swiss firm aims to allow financial institutions and corporates to issue tokenized assets on the Ethereum layer 2 network. origin »
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As traditional financial institutions look at proper Bitcoin integration into their services, the importance of reliable and secure infrastructure becomes clear.
2023-9-29 18:41 | |
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Ripple, the San Francisco-based distributed ledger technology (DLT) company in charge of the XRP altcoin, has announced that three more fintech startups in South Korea have joined RippleNet, according to a blog post on February 25, 2020.
2020-2-27 22:00 | |
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The US commerce department, through the Bureau of Economic Analysis (BEA) is looking to implement a nationwide benchmark survey of all financial institutions. This benchmark wants financial institutions to analyze how their services transcend boundaries.
2020-2-27 21:21 | |
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For the millions of remitters in South Korea, speed and cost matters—time delay in payments can interfere with covering critical expenses like emergencies, tuition payments and unexpected bills. However, for many years, the remittance market in Korea was controlled entirely by large financial institutions—leading to high foreign transfer fees and costly delays.
2020-2-27 03:30 | |
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The Bureau of Economic Analysis plans to ask financial institutions whether they conducted any crypto trades with foreigners in 2019.
2020-2-26 21:05 | |
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Caitlin Long, a Wall Street veteran, is joining forces with blockchain firm, Blockstream to launch Avanti Bank, a crypto-focused financial institution that will offer regulated services to institutions working with digital assets, according to a tweet on February 24, 2020.
2020-2-26 20:00 | |
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G20 central bankers and finance ministers want to push for a wider adoption when it comes to the standards compelling crypto exchanges to disclose information about users. After a weekend summit in Riyadh, the Saudi Arabian capital, G20 members of financial institutions said countries haven’t aligned themselves with the international and intergovernmental standards imposed by […]
2020-2-25 21:46 | |
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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.
2020-2-21 04:45 | |
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Since the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange.
2020-2-20 08:16 | |
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Cryptocurrencies have grown at a rapid rate over the past few years gaining attention from investors and financial institutions across the globe and this meteoric rise has resulted in lawmakers regulaThe post Ripple's Asheesh Birla: US has to be proactive in regulating digital assets appeared first on AMBCrypto.
2020-2-17 14:00 | |
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U.S Depository Trust & Clearing Corporation (DTCC) published a white paper on Feb,12 calling for the establishment of a proper regulatory framework on blockchain technology. The leading American financial markets clearing and settlement company noted that this would help avoid the risks associated with Digital Ledger adoption in future. This white paper dubbed ‘Security of […]
2020-2-14 00:29 | |
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Most financial institutions have willingly ignored Bitcoin and similar currencies for years. In 2020, most of these banks are suddenly jumping on the bandwagon as if there is no tomorrow. CME Group has been on the fence about Bitcoin for a while.
2020-2-12 02:00 | |
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More than 40 financial institutions in Germany have reportedly declared to the country’s financial regulator, BaFin, their interest to offer cryptocurrency services under the new German law.
2020-2-11 07:00 | |
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Lennix Lai, the Director of Financial Markets at OKEx recently gained the attention of the global financial and cryptocurrency community by pitching the idea of his company working with governments and other institutions to eliminate “unbankedness”.
2020-2-4 21:31 | |
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Singling out blockchain solutions in supply chain as playing a big role in enterprises, Ng pointed out that, “with increased efficient supply there will be increased demand. ” The post BiKi.
2020-2-3 05:01 | |
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Today, financial institutions are harnessing the power of blockchain and digital asset technology and seeing tangible results. At the 2020 World Economic Forum, Secretary of the Treasury, Steve Mnuchin, referenced this progress.
2020-1-31 21:05 | |
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One of the main catalysts to Bitcoin's adoption in the more fearful financial circles is institutions. Big pocketed banks are the perfect on-ramp for the wider trade of cryptocurrencies, with one promThe post Bitcoin adoption threatened by Schwab-Ameritrade deal, claims Bitcoin bull appeared first on AMBCrypto.
2020-1-30 17:00 | |
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Scott Freeman, a former prosecutor with the Manhattan District Attorney’s Office, is the co-founder of JST Capital, a firm specializing in providing a full suite of traditional financial services to institutions and high-net worth individuals in the digital asset market.
2020-1-30 08:10 | |
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Standard Chartered has invested in Contour, the recently-rebranded Voltron blockchain trade finance platform digitizing letters of credit for financial institutions.
2020-1-29 21:51 | |
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The World Economic Forum (WEF) has announced the creation of a global consortium which will come up with a governance framework for all cryptocurrencies comprising stablecoins. In a blog post, WEF announced that after extensive consultation among the global community members, an international consortium which will work closely with financial institutions, representatives of governments, developers […]
2020-1-27 18:31 | |
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Banks have always acted very hostile toward Bitcoin and other cryptocurrencies. Even the underlying blockchain technology was widely considered to be a fad. Today, the tune played by financial institutions is very different.
2020-1-27 02:00 | |
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2020 has kicked off with a lot of excitement and announcements around stablecoins. Will these top institutions and companies lead the front towards a stablecoin-ruled world.
2020-1-27 17:52 | |
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The World Economic Forum together with major central banks and financial institutions has released a toolkit for policymakers regarding central bank digital currencies
2020-1-23 14:22 | |
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OKEx’s Lennix Lai argued that a digital, decentralized financial system underpinned by blockchain and crypto can be of mutual benefit to institutions and the unbanked
2020-1-22 13:32 | |
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Coinspeaker ONCHAINID: The Universal Identification System Solving Compliance for Financial InstitutionsTokeny Solutions today announced the release of the ONCHAINID, the universal identity system that empowers financial institutions to unlock the significant benefits of using decentralized technology.
2020-1-22 01:57 | |
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The Reserve Bank of India has said that it hadn’t banned the trading of digital currencies but only ringfenced regulated entities like banks and financial institutions from risks associated with trading such cryptocurrencies.
2020-1-21 17:54 | |
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The Reserve Bank of India has said in a court filing that it had "ringfenced" financial institutions from dealing with digital assets over perceived risks, but hadn't banned cryptos.
2020-1-21 13:35 | |
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The Reserve Bank of India has said in a court filing that it had "ringfenced" financial institutions from dealing with digital assets over perceived risks, but hadn't banned cryptos.
2020-1-22 13:35 | |
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Tokeny Solutions, an issuance and management platform for tokenized securities, today announced the release of the ONCHAINID, the universal identity system that empowers financial institutions to unlock the significant benefits of using decentralized technology.
2020-1-21 21:01 | |
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The Monetary Authority of Singapore (MAS) has recently issued a warning to financial institutions after 4 high-risk bugs were found in Microsoft’s Windows system. Windows-Based Banking Machines Pose Risks for Attack The Monetary Authority of Singapore (MAS) has warned of critical risks to legacy financial systems after Microsoft announced a patch of 49 bugs found in its Windows 7 system.
2020-1-21 20:55 | |
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The adoption and recognition of Bitcoin and cryptocurrencies have seen an exponential increase over the last few years among individuals, as well as among mainstream financial institutions. However, wThe post Bitcoin fundraising intensifies among Palestinian Hamas, Iran-affiliated militants appeared first on AMBCrypto.
2020-1-20 17:13 | |
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Juliet Summits are delighted to facilitate the 3rd installment of Security Tokens Realised Awards to recognize the companies that are leading the drive towards Securities and Assets Tokenization. The Awards will cover the following 4 key areas: Digitizing Capital Markets for Banks and Financial Institutions Blockchain Technology and Trading Infrastructure Innovation Investment and STOs – […]
2020-1-18 20:47 | |
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Turkey’s gold-backed cryptocurrency, BiGA is now fully functional, with several financial institutions in the region, including Albaraka Turk, Kuveyt Turk, and others, already transacting with the digital asset, according to a Finextra report on January 17, 2020.
2020-1-18 17:10 | |
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On January 13, the New York Federal Reserve gave $60. 7 billion to eligible private financial institutions by leveraging U. S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty.
2020-1-15 02:40 | |
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The country’s Supreme Court has postponed the consideration of the appeal in the case of compliance with the country’s constitution of a law banning the cooperation of financial institutions with cryptocurrency companies.
2020-1-15 21:45 | |
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People could be jailed for two years and fined $25,200 just for using more than $10,000 in cash in one transaction under a new bill being considered by the Australian Parliament; if passed, the bill is likely to drive citizens away from traditional financial institutions and towards decentralized cryptocurrencies like Bitcoin.
2020-1-14 21:00 | |
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There is an abundance of new and existing crypto tokens, coins crypto wallets, service providers and decentralized financial instruments powered by blockchain. More wallets, exchanges, tokens and coins means more assets to track for businesses, institutions and investors.
2020-1-13 16:15 | |
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The European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions.
2020-1-11 14:45 | |
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As Bitcoin is adopted by more and more traditional financial institutions, and becomes regulated by governments worldwide, the question of its survival as a truly disruptive alternative to legacy financial systems is raised.
2020-1-9 10:02 | |
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A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto asset trade,” the committee recommends integrating crypto into the country’s financial system, allowing financial institutions to directly offer a range of crypto products, including derivatives, […] The post Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream appeared first on Bitcoin News.
2020-1-8 10:30 | |
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A presidential committee formed to advise the government in regards to the fourth industrial revolution is recommending that the South Korean government should let financial institutions to offer crypto-based products, CoinDesk reports.
2020-1-6 19:14 | |
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Financial institutions should be allowed to launch cryptocurrency products, such as derivatives, according to a government advisory body.
2020-1-6 16:37 | |
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Ripple is a distributed open source internet protocol that facilitates a real-time gross settlement system (RTGS), currency exchange, and remittance network. Ripple is most often used by banks and other financial institutions to fortify their operational infrastructure.
2020-1-23 13:35 | |
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In 2009, Satoshi Nakamoto launched Bitcoin as a seeming response to the 2008 Great Recession, during which banks and other financial institutions created an environment conducive to economic collapse.
2020-1-3 01:00 | |
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Ripple has taken the adoption of XRP to a new technological level by making it a part of its services. The use of Ripple's platform has resulted in increasing trust from financial institutions, as welThe post RippleNet partner Wirex partners with i2c to introduce multicurrency travel card appeared first on AMBCrypto.
2019-12-31 15:00 | |
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Despite numerous examples of financial institutions adopting Ripple products and services in 2019, the firm’s associated cryptocurrency, XRP, has largely disappointed investors. Although various interests are clearly interested in taking up positions in the digital currency, the price has dropped by more than 46 percent over the last 12 months.
2020-1-1 11:13 | |
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Analyst, Mati Greenspan sees the XRP price continuing to struggle in the short term due to Ripple sell-offs, and the fact that financial institutions don’t need the token to access the benefits of the Ripple network.
2019-12-30 19:32 | |
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It seems Ripple is pretty serious about pushing XRP adoption in a massive way. The San Francisco based fintech firm announced a $200 million funding on Thursday for the same. Ripple intends to redefine cross-border payments by onboarding banks, financial institutions, and third-party payment operators.
2019-12-20 16:30 | |
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With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year.
2019-12-19 01:45 | |
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The first banks will be connected this year, with a phased roll out for selected retail customers.
The Basel Committee's framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.
Recent 13F filings show Europe's second largest bank, BNP Paribas, has purchased Bitcoin exposure via a US spot Bitcoin ETF.
The proposed new industry guidelines are intended to address issues around AML and CFT rules.
Oliver Tonkin has replaced Oliver von Landsberg-Sadie at the crypto banking firm.
With $158 million of total capital raised since 2019, Fnality plans to launch the Sterling Fnality Payment System in 2023, subject to approval by the Bank of England.
The U.S. Federal Deposit Insurance Corp. (FDIC) has left the banks it oversees unequipped to navigate the regulator's crypto expectations, according to the agency's inspector general, so the FDIC agreed to field a new strategy by January.