IXFI Launches New Crypto Exchange – A Complete Alternative to Banks

IXFI is a cryptocurrency trading platform that aims to provide a complete alternative to banks. Initiated by a Romanian, Swiss, and Indian team of experienced and dedicated entrepreneurs who want to empower newcomers in the market, this exchange platform will ensure fast transactions, access to cryptocurrency loans, and card solutions for a pleasant trading experience, fully secured and with no hidden fees.

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Is Bitcoin On The Ropes? Indonesia’s CBDC Aims To Give A Fight

As Bitcoin has been declared ‘haram’ in Indonesia and the country’s Central Bank considers issuing a digital rupiah, an official suggested in the parliament that a central bank digital currency (CBDC) would be instrumental in fighting the threat that cryptocurrencies’ trading represents for the banks and fiat money.

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Commonwealth Bank to enable crypto trading for 6.5M Aussies, 'other banks will follow'

The CBA stated that it will support 10 crypto assets in its banking app, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

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'Digital assets will be part of the future of financial services...'

Banks have a growing cryptocurrency problem. But, it is not what you think. Internal trading desks and a broadening array of clients are coaxing senior management at big banks to launch crypto-centricThe post 'Digital assets will be part of the future of financial services...' appeared first on AMBCrypto.

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FDIC Chairman: US Regulators Exploring How Banks Could Hold Bitcoin

Banks' BTC holdings could be used for client trading, as collateral for loans, or held as assets in their balance sheets.

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NYDIG Unveils First Two US Banks To Offer Bitcoin Services Through Its Partnership With Q2

Two US banks, New York-based Five Star Bank and California-based UNIFY Financial Credit Union have become the first financial institutions to offer bitcoin trading via Q2’s and NYDIG’s bitcoin trading platform.

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Will Central Bank Digital Coins Impact the Growth of the Cryptocurrency Environment?

The long-term fight between decentralized finance and controlled central bank finance is shifting into a higher gear. Central banks, and those that place an essential role in stabilizing the banking system, are launching digital coins as they continue to ponder their position in crypto trading.

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Bitcoin price prediction amid a hawkish monetary policy environment

The Bitcoin (BTC/USD) price is in a tight range as investors reflect on the relatively hawkish environment among the biggest central banks in the world. It is trading at $44,220, which is slightly above this week’s low at $39,620.

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BNY Mellon, Others, Join Forces to Launch Pure Digital Crypto Exchange

Bank of New York Mellon has joined a consortium of six heavyweight lenders launching a new bitcoin (BTC) trading venue and crypto exchange. If all goes as planned, Pure Digital exchange will make history as the first-ever crypto exchange to be entirely controlled by traditional banks, according to a Financial Times report on July 20,Read More

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BNY Mellon Joins World's Largest Custody Banks in Cryptocurrency Trading Support

Cryptocurrency trading platform receives backing by world's largest custody banks

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Bank Of America To Roll Out Bitcoin Futures Trading To Wall Street Investors

For many years, the idea that a traditional financial institution could venture into the bitcoin space was considered laughable. Recently, however, we have witnessed immense interest in crypto from banks.

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Crypto Exchanges in India Struggle with Limited Banking Access

Shunned by commercial banks, Indian crypto exchanges are dealing with major operational hurdles amid a lack of clear-cut regulations by the government. Peer-to-peer trading remains the order of the day and exchange operators say the risk of fraud in alternative trading rails remains high.

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NYDIG to Enable Bitcoin Trading for 24M Americans via their Bank Accounts

New York Digital Investment Group (NYDIG) partnered with a fifth firm to make it easier for banks in America to offer Bitcoin trading services. Despite longstanding anti-crypto sentiments, financial institutions in the United States and across the globe are beginning to deal in cryptocurrencies.

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Payments Giant NCR Bringing Bitcoin Trading to 650 U.S. Banks and Their 24 Million Customers

Payments giant NCR and New York Digital Investment Group (NYDIG) are collaborating to allow 650 U.S.banks to offer bitcoin trading to their 24 million customers through their mobile applications. 24 Million Customers of 650 Main Street Banks May Soon Have Access to Bitcoin Trading New York Digital Investment Group (NYDIG) said Wednesday that 650 banks […]

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Major Korean Crypto Exchanges Get Rid of Altcoins Amid Tighter Regulation

Local banks don't hurry to support them by providing special real-name trading accounts

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PBoC Talks Crypto ‘Hype’ with Banks and Institutions & Prohibits Use of Their Services

They will also increase the investigation and monitoring of customers, including exchanges and OTC dealers and capital transactions, and will take immediate action against those still involved because crypto trading “disrupt normal economic and financial order” and “infringe people's property safety.

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Bitcoin Slips To $32K As China’s Central Bank Orders Banks To Block Cryptocurrency Transactions

People’s Bank of China (PBoC), the country’s central bank, has today directed local banks and payment institutions to stop providing cryptocurrency-related services such as account opening, trading, clearing, and settlement.

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South Korea: Crypto Exchanges to Be Designated as High-Risk Clients by Banks

South Korean regulators want banks to classify crypto exchange clients as high-risk while financial service institutions clamor for greater indemnity regarding potentially illegal activities of trading platforms.

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Kenyan Banks Warn Clients Against Crypto Trading

A few Kenyan banks have started sending out warning alerts to clients engaged in cryptocurrency trading to be wary of the associated risks. These warnings have reportedly been sent to clients who have “used their credit and debit cards to buy cryptocurrencies on crypto exchanges.

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CEOs of top Russian banks Sberbank and VTB blast Bitcoin

Top Russian bankers cite their reasons for not liking Bitcoin after Tinkoff's CEO said that the central bank was stopping it from offering crypto trading services.

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Russian central bank policies stop Tinkoff from offering crypto trading, CEO says

Russia has officially legalized crypto trading this January, but the government still doesn’t allow local banks to offer crypto services.

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Relief For Crypto Community As India’s Central Bank Sets The Record Straight On Cryptocurrency Ban

In April 2018, the Reserve Bank of India (RBI) asked local banks to stop providing services to cryptocurrency exchanges and related businesses, subsequently halting fiat-to-crypto trading in the country.

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India: RBI Instructs Banks to Provide Uninterrupted Crypto Trading Services to Customers

India’s central bank clears ambiguity over crypto regulations in the country. Banks Can’t Advise Against Trading in Crypto In a tweet posted today, the Reserve Bank of India (RBI) cleared clouds of confusion regarding the regulatory nature of cryptocurrencies in India.

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India’s Central Bank Orders Uninhibited Crypto Trading

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HSBC Won’t Launch Bitcoin Trading Desk, CEO Says Bank Has No Plans to Offer Cryptocurrency Investments

HSBC has confirmed its bitcoin and cryptocurrency stance as a growing number of major banks are beginning to offer crypto services. CEO Noel Quinn says that HSBC views bitcoin as an asset class rather than a payments vehicle but the bank is not rushing into providing cryptocurrency investments for clients. HSBC Confirms Crypto Stance HSBC […]

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Software Provider Temenos Enables Crypto Trading for Banks

Banking software provider Temenos has announced a partnership with online digital asset firm Taurus to enable access to cryptocurrency for financial institutions. Per its press release, the integration would make it easier for banks to offer cryptocurrency trading to their clients via Taurus' platform.

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South Korean Banking Association Concerned Over Surge of the Altcoin Trading Frenzy

A banking association in South Korea recently added weight to regulatory discussions across the country, raising concerns about the high altcoin trading volume. The Korea Federation of Banks (KFB) requested its members to audit trading volumes through their crypto exchanges’ customers’ altcoin activity.

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Nebraska Approves Bill Allowing Banks Offer Crypto Services

The Nebraska state legislature has approved a bill that would allow banks in the state to offer cryptocurrency services to customers. Nebraska's Crypto Banking Charter Bill Nebraska state senators have voted for the bill that would allow banks to register as cryptocurrency depositories and offer crypto trading services to customers.

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Citibank contemplates rolling out crypto trading and custody services

Citibank, one of the oldest banks in the US, is mulling introducing crypto trading, custody, and financing services. The banking giant’s Head of Foreign Exchange, Itay Tuchman, unveiled this news earlier today, noting that the bank has had an influx of requests from its clients to introduce Bitcoin (BTC) services.

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India’s Crypto Ban Implementation Will Now Be Decided By Individual Banks

The National Payments Corporation of India (NPCI) – an umbrella organization in charge of operating retail payments and settlement systems in India – has made a decision not to place a ban on crypto trading in India, leaving it to banks to make that choice according to their various inclinations. This public revelation is necessary […]

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Bitcoin Retakes $57K As Hundreds Of US Banks Prepare To Offer Crypto Trading And Custody To Clients

Bitcoin has recouped the losses from recent sell-off after news that the world’s oldest cryptocurrency is soon coming to hundreds of United States banks. Data from CoinMarketCap shows that bitcoin is hovering at $57,091.

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Hundreds of U.S. Banks to Allow Holding and Trading Bitcoin

Fidelity National Information Services has partnered with NYDIG to allow hundreds of U.S. small banks to start dealing with crypto

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US banks to allow Bitcoin trading in 2021, says NYDIG execs

U.S. lenders are keen to get in on the crypto trading action and could soon allow customers to buy Bitcoin right from their accounts.

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How to buy Bitcoin in India [2021] – 7 Top Indian Exchanges

Unlike many other countries in Southeast Asia and the Asian subcontinent that opted to ban trading or even owning Bitcoin, the Reserve Bank of India (RBI) barred regulated institutions such as banks from dealing in crypto assets.

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Institutions Eyeing High Yield Through Bitcoin Futures Trading at a “Very Steep Contango,” JPMorgan Report

JPMorgan Chase has released its new weekly report on Bitcoin, highlighting its steep futures curve. The big banks are reportedly eyeing Bitcoins’ contango, a situation where the futures price of an asset is higher than the spot price.

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American Banking Giant State Street set to Explore Crypto Trading Services

U. S second-oldest bank State Steet is set to provide infrastructure for a crypto trading platform for banks. This has led to speculations that the bank could foray into crypto trading in the coming months.

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HSBC reportedly bans customers from trading this Bitcoin-linked stock

UK-based Hongkong and Shanghai Banking Corporation (HSBC), one of the world’s biggest banks by assets under management, has reportedly banned customers from trading the stock of business analytics firm MicroStrategy due to its links to Bitcoin, as per a leaked email circulating on social media.

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Will the U.S. second oldest bank State Street start trading crypto?

According to a press release, one of the most important banks in the U. S. State Street will partner with start-up Puremarkets. The cooperation will enable State Street’s Currenex, a “high performance” trading technology provider, to work with the start-up on a crypto trading platform.

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Argentina’s central bank is asking citizens to disclose their Bitcoin

The Central Bank of Argentina is asking local banks to scrutinize clients that hold Bitcoin and other cryptocurrencies and engage in business or trading activities using the assets, local news reports from last week showed.

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Nigeria's central bank not discouraging people from trading crypto, says governor

The governor of the Central Bank of Nigeria has seemingly softened his stance on crypto for individuals, if not banks.

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One of Switzerland’s leading banks now offers crypto trading

Bordier & Cie partners with digital asset bank Sygnum to offer crypto trading to clients.

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Visa Announces Plan to Help Banks Roll Out Bitcoin and Trading Services

Visa says that First Boulevard will become its first partner to launch a new crypto application program interface (API) pilot program later this year. As reported by the credit card giant, this cooperation will empower Visa clients to access and integrate crypto features into its products.

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Visa Pilots System to Help Banks Provide Crypto Services Including Buying, Trading, Custody of Bitcoin

Visa is piloting a new system to enable banks to seamlessly integrate crypto features. Using Visa’s crypto APIs, banks can offer a number of cryptocurrency services to their customers, including the buying, trading, and custody of bitcoin.

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Visa to Launch Bridging Software for Banks to Integrate Bitcoin Trading Services

Visa has fully embraced Bitcoin and other cryptocurrencies with its new announcement to launch a Visa Crypto API software program for banks to support the buying and selling of cryptocurrencies such as bitcoin.

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These Two Firms Want to Upgrade Crypto Infrastructure for Banks and Exchanges

Custody tech provider METACO and forex trading platform Cobalt want to rewire the financial system to handle cryptocurrency.

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Quant (QNT) token is being adopted by firms, banks, and governments

Mass adoption has been a long-term goal of the crypto industry ever since Bitcoin trading began, some 12 years ago. However, it would appear that another cryptocurrency managed to get ahead of BTC when it comes to being adopted by firms, banks, and governments — Quant (QNT).

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Trading Guru Peter Brandt Likens USDT to "Money Pumped by Fed and Central Banks"

Old school trader Peter Brandt is pro-Bitcoin but against Tether's USDT, here's how he explains his negative stance on the most popular and liquid USD-backed stablecoin

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Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

Investors are increasingly seeking exposure to bitcoin following the recent months-long price rally. Bitcoin exchange-traded products are seeing record trading volumes. Meanwhile, more big banks are reportedly trying to get into the crypto space, including Goldman Sachs.

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India to introduce an 18% Bitcoin trading tax

Less than a year ago, India’s Supreme Court decided to overrule the central bank’s decision to forbid all other banks in the country to serve crypto businesses. With this rule revoked, the country’s crypto industry began to flourish, which led the government to the idea of introducing crypto taxes.

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