Russia’s central bank to probe crypto-linked cross-border transfers, banking channels

The Bank of Russia is planning to investigate cross-border crypto transfers by residents, focusing on banking channels to assess the volume of crypto-related operations. Russia‘s central bank will conduct an investigation into cross-border crypto transactions by residents in Q4 and…

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Russia’s largest bank to start offering customers CBDC in 2025

Sberbank, Russia’s largest lender, aims to begin offering digital ruble transactions to its customers in early 2025, according to a senior bank executive. Russia‘s banking giant Sberbank plans to start operations with the country’s central bank digital currency — also…

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DBS Bank launches ‘treasury tokens’ pilot with Ant International

DBS Bank's treasury tokens pilot with Ant International could revolutionize liquidity management, enhancing efficiency and transparency in financial operations. The post DBS Bank launches ‘treasury tokens’ pilot with Ant International appeared first on Crypto Briefing.

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Nigerian central bank alleges unauthorized transactions by Binance

Binance’s alleged illegal operations were highlighted in court on July 5, with a central bank official testifying on the lack of necessary licenses and regulatory approval.

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Nubank adds support for Bitcoin Lightning Network transactions

Nu Holdings (Nubank), a digital bank with a massive presence in Latin America, has struck a strategic partnership to add Bitcoin Lightning Network transactions to its operations. Nubank is a leading neobank founded in 2013 and headquartered in Sao Paolo,…

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Russia pilots new system for tracing crypto-to-fiat links

Russia’s central bank and Rosfinmonitoring pilot a new system to trace connections between crypto transactions and fiat operations. The Bank of Russia alongside Rosfinmonitoring, the country’s main body for financial intelligence, is working on a platform to detect connections between…

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Nigerian Crackdown Fake News? CBN Denies Crypto Accounts Freezing Circular

Recent reports informed of an alleged circular released by the Central Bank of Nigeria (CBN). The document warned financial institutions that engaging with cryptocurrencies and facilitating operations for crypto exchanges was prohibited.

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Hong Kong’s central bank launches stablecoin regulatory sandbox

Hong Kong has initiated a sandbox arrangement for stablecoin issuers to establish regulations for future operations.

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Bank of China: Digital yuan transactions volume crossed $14B mark

The largest CBDC pilot in the world is going to expand on citizen payments and cross-border operations with Hong Kong.

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China Discovers Major Crypto Laundering Scam, Police On Arrest Spree

The Chinese government has never supported crypto activities since the emergence of the industry. The People’s Bank of China took further actions against the digital industry and banned all local digital assets operations.

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Philippine Central Bank Halts Bitcoin, Crypto Service Provider Approvals For Three Years

The central bank stated virtual asset service providers pose a great risk but will allow existing businesses to continue operations or expand.

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Marathon Doubles Loan Borrowing Capacity to $200M as Mining Rigs Sit Idle

The firm doubled its credit from the bank, while the miner's operations are facing severe downtime and delays.

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Binance fined €3.3M by Dutch Central Bank over unlicensed operations

Crypto exchange Binance has reportedly been fined €3.3 million (£2.8 million) for operating in… The post Binance fined €3.3M by Dutch Central Bank over unlicensed operations appeared first on CoinJournal.

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Binance fined €3.3 million in Netherlands for unlicensed operations

Binance has been fined €3.3 million by De Nederlandsche Bank (DNB) for offering unlicensed crypto services to the country residents. The post Binance fined €3.3 million in Netherlands for unlicensed operations appeared first on CryptoSlate.

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Binance fined $3M over illegal operations in the Netherlands

The Dutch central bank said that the Binance crypto exchange had a “very large number of customers in the Netherlands."

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Argentina: Central Bank Announces About-Turn on Digital Assets

Argentina's central bank has said that regulated financial entities should not facilitate operations in unregulated digital assets. The post Argentina: Central Bank Announces About-Turn on Digital Assets appeared first on BeInCrypto.

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Ripple Expands Operations into Middle East as Partner Bank Opens

Ripple expands operations into Middle East with RippleNet

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Central Bank Of Russia Steps Up Monitoring P2P Transactions Including Crypto

The Central Bank of Russia (CBR) has proposed that the nation’s commercial banks tighten monitoring on crypto and regulator operations. The objective is to stop transactions that attempt to evade its “special economic measures to counter the outflow of foreign currency abroad,”.

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Bitcoin Rises as Visa and MasterCard Shun Russia Amid Capital Controls and Long Bank Queues in Moscow

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People's Bank of China: Daily Digital Yuan Transactions Reached $315,000 at the Olympics

Everyday volume of operations with digital yuan reached $315,000 in recent days at the Olympics, revealed the People's Bank of China.

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Russia’s central bank releases a damning report, proposing a blanket ban on crypto

Moscow could soon crackdown on cryptocurrency operations in the country, as Russia’s central bank released a damning 36-page proposal earlier this Thursday. The post Russia’s central bank releases a damning report, proposing a blanket ban on crypto appeared first on CryptoSlate.

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Russian Central Bank proposes to ban all operations with cryptocurrencies and crypto mining

The Bank of Russia published a stunning report on cryptocurrencies calling for a ban on all operations with cryptocurrencies, as well as bitcoin mining in Russia. Later, the regulator clarified that Russians are not prohibited from buying bitcoins through foreign-based trading platforms.

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UnionBank of the Philippines to utilize METACO and IBM for its crypto custody operations

METACO, a provider of security software and infrastructure to the crypto-asset ecosystem, has announced that Union Bank of the Philippines will deploy its digital asset management solution. Moreover, UnionBank is deploying services on IBM Cloud, in order to leverage the confidential computing capabilities of IBM’s digital asset infrastructure which are fully integrated with METACO’s software.

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Filipino Top Lender Joins Forces with Metaco and IBM for Crypto Custody 

Union Bank of the Philippines has partnered with Metaco and IBM for its digital assets custody operations. The partnership will enable UnionBank to leverage Metaco’s digital asset orchestration system, METACO Harmonize, and IBM Cloud to offer its customers secure digital asset custodial services, according to reports on January 20, 2022. Union Bank Unveils Crypto CustodyRead More

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Third largest Russian bank begins to request origin of funds in case of suspicion of crypto exchange operations

One of the clients of Tinkoff Bank, third largest Russian bank. shared a screenshot of the message received from the support service. In the letter, the bank asks for confirmation of the legal origin of the money spent.

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Australian official who owns Ethereum says it is no threat to the country’s financial system

According to the Reserve Bank of Australia (RBA) head of payments policy Tony Richards, cryptocurrencies are not posing a threat to the central bank operations. The post Australian official who owns Ethereum says it is no threat to the country’s financial system appeared first on CryptoSlate.

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Bhutan’s Central Bank Partners with Ripple to Pilot CBDC Trials

Bhutan’s Royal Monetary Authority (RMA) joins forces with Ripple to test Central Bank Digital Currency (CBDC) operations. According to Nikkei, Ripple is working with Bhutan’s central bank to experiment with a Central Bank Digital Currency via Ripple’s CBDC Private ledger.

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Barclays UK Customers Can No Longer Transfer Funds To Binance

Barclays clients in the UK can no longer transfer funds to Binance after the bank indefinitely banned credit and debit card transactions to the exchange, according to recent reports. The apparent ban comes roughly two weeks after the UK’s Financial Conduct Authority (FCA) stated that Binance Markets Limited, the firm’s UK operations, was not holding […]

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Proposed bill in Iran could ban all foreign-mined cryptocurrencies

Lawmakers seem to be attempting to establish a legal framework behind a Central Bank of Iran decision for people to only use crypto from state-licensed mining operations for payments.

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Korean Exchanges Delisting Altcoins as Banking Contracts Renewal Looms

In preparation for the go-live of the new crypto exchange law scheduled to take effect in September 2021, South Korean exchanges are actively delisting obscure altcoins from their platforms, as the crypto-supporting lenders including NH Nonghyup Bank, and Shinhan Bank, among others, is now reviewing the operations of these exchanges to ensure they are fullyRead More

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$3.6 Billion Crypto Theft: South African Bank Denies Relationship With Fraud Accused Africrypt

According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. Africrypt Stops Operations Abruptly Africrypt abruptly ceased operations nearly two months ago, prompting the banking institution’s denial.

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President Of Top Russian Bank Tells Why They Don’t Like Bitcoin

The president of the second-largest bank in Russia, VTB Bank says the institution doesn’t like Bitcoin because it sees it as fake money. To Andrey Kostin, the fact that “someone sits somewhere mining Bitcoin” makes the crypto’s mining operations equal to fake money printing scams.

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Russian Central Bank claims its digital ruble is in demand

The chairman of the Russian Central Bank said that the regulator sees high demand among commercial banks for the digital form of the ruble due to lower prices for banking operations and the ability to track transactions.

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Facebook’s Diem Announces Silvergate Partnership, Will Move Operation Back To US

Diem Association, a group backed by Facebook, has disclosed its intentions to move operations from Switzerland to the United States. The group, which has been trying to secure a payment system license with Swiss bank watchdog, FINMA, said it has abandoned that plan and withdrawn its application.

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NYDIG claims hundreds of US banks will embrace crypto this year

Crypto custody firm NYDIG has joined hands with Fidelity National Information Services (FIS), a leading FinTech company to help US banks integrate crypto in their operations. The two firms seek to develop a solution that will let banks offer their clients the ability to purchase, hold, and sell Bitcoin (BTC) through their bank accounts.

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Cryptocurrency exchanges close in Turkey amid ban on cryptocurrency payments

Turkish crypto exchange Vebitcoin announced the termination of operations. It is the second Turkish crypto trading platform to crash after the country's Central Bank banned the use of cryptocurrency as a payment method in early April.

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Nigeria’s Central Bank Okays Peer-to-Peer Bitcoin Trading 

The Central Bank of Nigeria (CBN) has clarified its stance towards bitcoin (BTC) and other cryptocurrencies, making it clear that crypto traders in the country are free to carry out their operations on a peer-to-peer basis, as its ban did not outlaw the use of cryptos, but it’s rather an effort to protect lenders underRead More

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Announcing Brooks Entwistle: Scaling Ripple’s Momentum in SE Asia

Ripple is thrilled to welcome Brooks Entwistle as Managing Director of Southeast Asia to lead and scale the company’s operations in our fastest growing region.  Brooks joins at an exciting time for RippleNet, which now includes Singapore-based remittance company BKK Forex, adding to Ripple’s fast growing customer base in the region like—Siam Commercial Bank, iRemit, … Continued The post Announcing Brooks Entwistle: Scaling Ripple’s Momentum in SE Asia appeared first on Ripple.

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Announcing Brooks Entwistle: Scaling Ripple’s Momentum in APAC

Ripple is thrilled to welcome Brooks Entwistle as Managing Director of APAC to lead and scale the company’s operations in our fastest growing region.  Brooks joins at an exciting time for RippleNet, which now includes Singapore-based remittance company BKK Forex, adding to Ripple’s fast growing customer base in the region like—Siam Commercial Bank, iRemit, DeeMoney … Continued The post Announcing Brooks Entwistle: Scaling Ripple’s Momentum in APAC appeared first on Ripple.

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Crypto Bank Expands in India — Confident Government Will Approve Legitimate Use of Cryptocurrencies

Crypto bank Unicas, a joint venture between Cashaa and United Multi State Credit Cooperative Society, has expanded its operations by opening another physical branch. The bank believes that the Indian government will introduce positive crypto regulation and not impose an outright ban on cryptocurrencies such as bitcoin.

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Oldest US bank BNY Mellon announces future bitcoin services

Bank of New York Mellon, the oldest bank in the United States, announced its plans to launch operations involving bitcoins and other digital assets, as well as a institutional-grade cryptocurrency storage service.

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Bank of Korea publishes book on central bank digital currency's legal issues

South Korea's central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital currency.

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Anchorage gets OCC’s approval to operate as a national crypto bank

The Office of the Comptroller of the Currency (OCC) has granted Anchorage a federal charter to operate as a national crypto bank. This news was shared on January 13 through a press release, noting that the OCC made this decision after a thorough review of Anchorage Trust Company and its operations.

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OneCoin investors accuse BNY Mellon of complicity

Investors in the OneCoin Ponzi scheme, whose operations harm allegedly exceeds $4 billion, claim that the US-based bank BNY Mellon provided financial services to fraudsters.

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China Trials DCEP Crypto for Payment Card Operations

Chinese central bank has begun trialing operations with credit cards that include DCEP payments for transportation card charge, retail, catering and other payment areas

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Chile bank shuts down operations after being hit by ransomware

According to a recent public statement published by Banco Estado — one of the country’s three largest banks — the bank was hit by powerful ransomware. The incident forced it to shut down its operations nationwide.

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Anti-Bitcoin Goldman Sachs is Ironically Preparing to Issue Its Own Fiat Digital Token

Multinational investment bank and financial services company Goldman Sachs has appointed a high blockchain and crypto-oriented Mathew McDermott, to be its new global head of digital assets. McDermott formerly ran the investment Bank’s internal funding operations and is reportedly busy expanding his new London-based Digital assets division with new hires from Asia and Europe. The […]

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Binance Joins India’s Digital Exchange Committee, IAMAI, to Advance the Country’s Blockchain Industry

Binance, the leading crypto exchange globally, announced on Thursday that it had joined India's digital asset exchange committee under the Internet and Mobile Association (IAMAI). This comes a few months after the country's Supreme court overturned an earlier decision by the Reserve Bank of India (RBI) to ban crypto operations. Since this development, India is […]

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Banco Rendimento Becomes First Bank To Run Entirely on RippleNet Cloud

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. […]

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