2025-8-16 18:49 |
A group of crypto and fintech executives has urged the Trump administration to stop banks from charging fees for access to their customer data, arguing [...] origin »
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Coinbase CEO Brian Armstrong highlighted the company’s growing financial footprint, comparing its holdings to major U.S. banks and brokerages. In a post on X, Armstrong stated that Coinbase now holds approximately $420 billion in customer assets. This would make it…
2025-2-8 23:01 | |
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Decentralized Finance (DeFi) was born to sidestep the middlemen of traditional finance. No banks, no gatekeepers, no prying eyes—just you, your crypto wallet, and a world of possibilities. So when the IRS rolled out new rules mandating KYC (Know Your Customer) for DeFi front ends, it felt like throwing a toga party in a corporate […] The post DeFi and KYC: A Hate-Hate Relationship appeared first on CoinCentral.
2024-12-31 01:06 | |
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The "know your customer" and anti-money laundering system has evolved to become an excessive constraint on financial access and a dangerous imposition on liberty and privacy – even if the original security intent was reasonable.
2022-10-15 19:20 | |
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Up to five banks or other payment services providers will be selected to participate without compensation in the development of the digital euro front end.
2022-4-30 23:30 | |
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U.S. stablecoin issuers might soon face liquidity, customer protection and asset reserve rules — and maybe even a deposit-insurance mandate like banks.
2021-12-31 17:14 | |
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Know Your Customer (KYC) procedures play a fundamental role in the combat against money laundering and the financing of terrorism (CFT). According to a 2018 report by KPMG, banks spend close to $25 billion every year on financial crime risk management.
2021-12-1 19:07 | |
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Visa payments giant is going to purchase RippleNet customer Currencycloud that improves cross-border payments for banks and fintechs
2021-7-22 13:27 | |
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Santander, one of Europe’s largest banking groups, has tweeted it will stop customer payments to Binance. The post Santander joins the list of U.K banks banning Binance payments appeared first on CryptoSlate.
2021-7-10 22:00 | |
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Santander Bank in the U. K. has become the latest high street bank in the country to block fund transfers to cryptocurrency exchange Binance. Recently, Barclays and Natwest banks reportedly made a similar move.
2021-7-9 17:00 | |
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European banks began blocking customer payments to the crypto exchange Binance after the UK financial watchdog banned operations of Binance's subsidiary in the UK. In China, Binance faces blocks of its website and apps.
2021-7-13 18:48 | |
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Fiserv, Inc. (NASDAQ: FISV) announced its integration with Bitcoin services provider NYDIG that will enable banks and credit unions to meet growing mainstream interest in bitcoin, grow their customer base, and increase non-interest income opportunities.
2021-6-24 17:52 | |
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However, the central bank wants the banks and financial institutions to continue customer due diligence for transactions in Virtual Currency. The post Reserve Bank of India Directs Banks & Regulated Entities to Stop Deplatforming Crypto Customers first appeared on BitcoinExchangeGuide.
2021-6-1 16:51 | |
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Banks in Germany are reportedly turning customer deposits away due to the negative interest rate imposed on them by the European Central Bank (ECB). Some banks are even offering online tools to help customers take their deposits elsewhere.
2021-3-4 06:10 | |
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Ripple customer ACI Worldwide helps ITMX (Central Bank of Thailand-affiliated body) to modernize the current system of real-time payments for banks
2021-2-3 19:09 | |
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The US Treasury Department reveals that the Financial Crimes Enforcement Network (FinCEN) has proposed new rules for cryptocurrency wallets. According to the US Department of Treasury’s announcement, the proposed rules require banks and other financial firms to keep records of verified customer’s identities and submit them.
2020-12-20 17:30 | |
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The guidance is apt to chafe privacy advocates, inside and outside the crypto space, who are already uneasy about the honeypot that FinCEN’s suspicious activity report database has become.
2020-12-14 01:15 | |
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Distributed ledger technology could assist the banking industry to improve customer verification efficiency HashCash... The post HashCash: blockchain to improve ID verification for banks appeared first on Coin Journal.
2020-8-13 15:38 | |
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By the end of 2020, European banks will enforce Strong Customer Authentication (SCA), a regulation that could require users to own a smartphone if they want to make use of...
2020-7-17 16:03 | |
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Banco Rendimento, one of the top volume producing banks in Brazil, has become the first RippleNet member to shift its RippleNet operations to the Ripplenet Cloud completely. Cloud technology has found a lot of relevance recently as it offers uninterrupted connectivity between the service provider and the customer no matter irrespective of their geographical location. […]
2020-6-18 19:27 | |
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The coffee behemoth Starbucks wants to use crypto to manage their almost $1. 6 billion in cash obtained through customer's use of prepaid gift cards. The Seattle-based company has over 30,000 stores all over the world.
2020-1-21 00:22 | |
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Switzerland’s financial regulator FINMA in its “Risk Monitor 2019” report while talking about the low interest-rate environment, cyber-risks, and market access also covered the risks posed by the cryptocurrency market in its money laundry section.
2019-12-11 17:37 | |
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Cryptocurrencies cannot be purchased with the new Apple credit card according to the American multinational technology company’s recently published customer agreement guidelines. The Apple card’s restrictions indicate that the company’s partner, Goldman Sachs, is leery toward cryptocurrencies and other “cash equivalents” like lottery tickets and casino chips.
2019-8-5 19:20 | |
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Shaikha Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait (NBK) recently delivered a speech at the Arab-British Economic Summit in London emphasizing on the importance of embracing FinTech as an opportunity to thrive and not just survive.
2019-7-7 19:30 | |
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The Bank for International Settlements (BIS), an institution owned by the world's central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system.
2019-6-25 16:18 | |
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The Bank for International Settlements (BIS), an institution owned by the world’s central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system.
2019-6-24 16:18 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.
2019-5-11 21:34 | |
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Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.
2019-5-1 01:22 | |
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Blockchain technology is quickly being implemented throughout the world, hoping to show the power of the immutable ledger. As banks attempt to use blockchain for themselves, others choose to partner with companies that already have the necessary infrastructure.
2019-4-26 02:31 | |
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HSBC, the recognized bank and financial institution, decided to suspend an online payment made by one of its customers. The person wanted to purchase Bitcoin (BTC) that would be used to buy medical cannabis for his 70-year-old wife.
2019-4-8 19:26 | |
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7Eleven is a blockchain-based technology payment platform, that is convenient for customer to buy and sell products. Currently, 7Eleven token is being evaluated and expected to be listed for IEO by some exchanges.
2019-3-27 20:30 | |
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When Coinbase acquired Neutrino for an unspecified amount in February 2019, the news looked like business as usual: A cryptocurrency juggernaut had made another acquisition.
2019-3-1 17:19 | |
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QuadrigaCX Exchange’s founder, Gerald Cotten, passed away more than two months ago, and with his death, the keys to the exchange’s cold storage allegedly went to the grave with him.
2019-2-26 22:21 | |
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A national inquiry into the misconduct of Australia’s banking sector has revealed profit-driven malpractice that has shattered customer trust. Some of the country’s largest banks were found guilty of making families homeless and charging fees for non-existent services, sometimes to dead customers.
2019-2-6 14:35 | |
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The cryptocurrencies are faster and cheaper narrative has fizzled out as banks have embraced digital payments in recent years, improving customer experience and usability. Sure, buying a beer with a QR-code may give you a warm and fuzzy feeling, but it isn’t the problem Bitcoin solves.
2019-2-3 23:00 | |
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India’s crypto industry is having a hard time since 2018. You have probably heard all about it. Last year, the Reserve Bank of India (RBI) has banned all banks from offering accounts to crypto companies in which was known as the Indian Crypto Ban in the industry. However, things, which looked like they could be […]
2019-1-15 22:11 | |
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A group of banks in India has begun to issue warnings to customers threatening to close their accounts in the event that they are found to have performed acts involving the use of cryptocurrencies.
2019-1-13 08:42 | |
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Mobile cryptocurrency exchange and peer-to-peer wallet Shakepay has announced a new product that allows its Canadian customers to buy bitcoin with spare change. Dubbed "ShakePay Change," the pre-launch of the service was announced in a Medium post.
2018-12-18 02:32 | |
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One Of The First Blockchain-Based KYC Trial Has Been Completed: Thanks To Collaboration Between 26 French Companies And Five Banks Between a series of banks and approximately Twenty-Six companies based out of France, have managed to successfully completed a test of blockchain for the use of anti-money laundering policies such as Know Your Customer (KYC). […]
2018-12-4 23:42 | |
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For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.
2018-12-3 19:20 | |
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Ping An, the Chinese insurance giant that built the eTradeFinance blockchain, is modifying the platform to give its 12 participating banks more control over customer relationships.
2018-12-3 08:00 | |
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Crypto-to-USD lender BlockFi has announced that it will support loans backed by both Litecoin and Gemini’s recent stablecoin token GUSD. This is the first time the company is expanding to accept collateral in one of the crypto industry’s top-10 assets besides bitcoin and ether.
2018-10-16 16:07 | |
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Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018.
2018-10-13 23:34 | |
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The leading partner with Ripple, Santander has now teamed up with SWIFT to go live in four countries including, Poland, the UK, Spain and Argentina. The banking giant will be using SWIFT’s Global Payments Innovation GPI technology for cross-border payments.
2018-10-12 11:30 | |
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The Santander Bank chain has recently announced the expansion of its Ripple powered platform, OnePay FX for other European countries. Santander also intends to use Ripple ledger for all its payment settlements for the future.
2018-10-10 17:30 | |
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Thursday 13th September 2018 was when Ripple announced on their website that NCB (National Commercial Bank) of the Kingdom Saudi Arabia (KSA) has become the latest enterprise customer and joined up with RippleNet and Ripple’s fast growing network of payment providers, virtual asset exchanges, banks etc.
2018-9-14 16:30 | |
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Despite rampant XRP sellers, fundamentals are bullish just like as predicted by SVP Customer Support of Ripple in Q1 this year. In fact Ripple and their core products have caught on that the RBC Capital Market did mention the benefits of Ripple solutions when financial institutions use them.
2018-9-12 05:00 | |
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Abra, the all-in-one digital wallet and cryptocurrency exchange, has announced its support for Single Euro Payment Area (SEPA) bank accounts. European users can now enable direct wire transfers from European banks to purchase any of Abra’s 28 available cryptocurrencies.
2018-9-7 23:38 | |
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Samsung SDS’ new blockchain platform will make it easier for Korean banks to verify customer identities.
2018-8-28 14:59 | |
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Aster unveiled its Stage 6 buyback program and committed up to 80% of daily platform fees to ASTER repurchases. The post Aster Launches Stage 6 Buyback, CEO Responds to Market Doubts as Token Gains 6.5% appeared first on Coinspeaker.
US President Donald Trump said Friday that he will nominate Federal Reserve Governor and crypto-friendly Kevin Warsh to succeed Jerome Powell as chair of the [...]
U.S.-listed spot Bitcoin and Ethereum ETFs recorded one of their worst combined outflow days of 2026 as falling prices and rising volatility pushed institutional investors [...]
US President Donald Trump is expected to announce on Friday his intention to nominate Bitcoin-friendly Kevin Warsh as the next Federal Reserve chair, replacing Jerome [...]
The CLARITY Act took a step forward after the US Senate Agriculture Committee approved its portion of the crypto market structure bill during a markup [...]
In a recent press release, the US Securities and Exchange Commission published formal guidance on how federal securities laws apply to tokenized securities, providing a [...]
U.S. senators from both parties have filed several amendments ahead of tomorrow’s markup of the crypto market structure bill. The markup was moved from earlier [...]