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South Korea’s Biggest Bank U-Turns on Crypto With Custody Service
South Korea’s largest bank by assets, KB Kookmin, has partnered with a cryptocurrency startup to develop custody solutions. South Korea’s Kookmin U-Turns on Crypto Reported by local media outlet Business Korea June 11, Kookmin will now work with local company Atomrigs Lab, which is active in digital asset protection. дальше »
2019-6-11 14:00 | |
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Bitcoin ‘FUD’: India’s Reserve Bank Denies Involvement in Crypto Ban
Bloomberg: India Looking to Jail Bitcoin, Crypto Users On Friday, Bitcoin and crypto enthusiasts woke up to a harrowing piece of news. Reported first by Bloomberg Quint, India purportedly has plans to jail those who. дальше »
2019-6-8 06:33 | |
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Think Tanks’ Blockchain After the Hype Report Urges Swiss National Bank to Make a Cryptocurrency
One of the most powerful and influential think tanks in Switzerland, Avenir Suisse, has recently reported that the organization was pushing forward the country and its central bank, the Swiss National Bank, in order to create national crypto. дальше »
2019-6-6 23:15 | |
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Major Banks Join Hands to Develop Cryptocurrency for Overseas Money Transfers
Blockchain technology just got a major boost after 14 major financial firms led by the Swiss multinational investment bank UBS Group AG came together in developing a blockchain-based digital currency for use in instant cross-border payments, as reported by Nikkei Asian Review on June 3. дальше »
2019-6-5 17:34 | |
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Germany’s Central Bank: Blockchain Settlement Pilot Project Was Slow and Expensive
Jens Weidmann, the president of Deutsche Bundesbank, the central bank of Germany, said a blockchain trial project used for the transfer and settlement of securities and cash proved slower and more costly than the current traditional methods, Bloomberg reported on May 29. дальше »
2019-5-31 21:49 | |
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Russia’s Largest Bank Scraps Crypto Plans Even with Pro-Bitcoin CEO
By CCN: Sberbank, the largest bank in Russia, is scrapping its crypto plans, citing the anti-bitcoin sentiments of government regulators. Ironically, the CEO of Sberbank, Herman Gref, is a bitcoin proponent. дальше »
2019-5-31 00:30 | |
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New Digital Fiat Currency System in Development by the Central Bank of the Bahamas (CBOB)
The Bahamas is known as a place of luxury to tourists, and a recent announcement from the Nassau Guardian indicates that the Central Bank of the Bahamas is making the environment more friendly. Reported on May 29th, the CBOB will be starting the development of a digital fiat currency system, starting with an official agreement […] дальше »
2019-5-30 00:07 | |
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New Central Bank Of Egypt (CBE) Law To License Crypto Trading And Issuing Business Activities
Egyptian Bill To License Crypto-Trading, Activities Through Central Bank underway The Central Bank of Egypt (CBE) is keen to start regulating the cryptocurrency sphere in the country. Local media reported that the draft of the bill proposes a license policy for all major cryptocurrency related activities within Egypt. The bill currently in the approval process […] дальше »
2019-5-28 21:07 | |
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Shinhan Bank in South Korea to Leverage Blockchain to Pick Up the Loan Issuance Process
More and more companies are using the blockchain technology in order to make their processes more efficient. The Shinhan Bank, one of the oldest South Korean financial institutions, is no exception to this trend. дальше »
2019-5-28 20:41 | |
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Russia will launch gold stablecoin – following Iranian PayMon (PMN)
Russia under the press of stifling international sanctions is looking for ways to conduct international settlements. A variant with crypto is being considered – this is reported by the Russian state news agency TASS with reference to Elvira Nabiullina, the head of the Bank of Russian. дальше »
2019-5-25 14:02 | |
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Bank of China Council Member: Owning Bitcoin Is Still Legal in China
Sa Xiao, Council Member at the Bank of China Law Research Association, was reported as saying that holding Bitcoin in China is still legal. Xiao added that in addition to that, trading Bitcoin amongst individuals remains legal in the country. дальше »
2019-5-22 14:29 | |
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Owning Bitcoin Legal Despite Govt Trading Ban, Says Bank of China Council
By CCN: According to Sa Xiao, a Council Member at the Bank of China’s Law Research Association, it is legal for individuals to own bitcoin in China despite the government’s blanket ban on trading. дальше »
2019-5-22 10:31 | |
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Dutch Bank ABM AMRO Dumps Plans for Custodial Bitcoin Wallet “Wallie”
On May 20, 2019, The Next Web reported that major Dutch bank ABM AMRO had shelved its plans to launch a custodial cryptocurrency wallet called “Wallie” stating that digital assets are “just too risky. дальше »
2019-5-21 09:00 | |
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Report: Major Banks Are Investing $50 Million to Build Digital Cash Settlement System
First reported in 2017, the Swiss bank UBS-led project to create a digital cash settlement system is expected to get an investment of $50 million from some of the largest banks around the world. Unnamed sources linked to the project told Reuters May 17, 2019. дальше »
2019-5-19 18:00 | |
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Venezuela and Russia May Switch to Ruble After Trying ‘Petro’ Cryptocurrency
Venezuela and Russia are in talks to switch over to the ruble for trade after trying the ‘El Petro’ cryptocurrency, a UN ambassador has revealed. Venezuela and Russia ‘Currently Trying’ El Petro As Bitcoinist reported last December, Russian officials were introduced to El Petro but stopped short of confirming that it was going to be used. дальше »
2019-5-18 02:00 | |
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European Central Bank Policymaker Backs Stablecoins over Bitcoin
European Central Bank policymaker Francois Villeroy de Galhau believes that stablecoins can play an important role in the financial system as they aren’t as volatile as Bitcoin and other cryptocurrencies, reported Bloomberg, May 15, 2019. дальше »
2019-5-16 09:00 | |
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Ripple’s Partnership with Al Ahli Bank is Result of Wanting to “Reimagine a Simpler Bank” Says CTO
Ripple has been successful in earning itself a reputable name across the globe, especially through the numerous partnerships established with banks all over the place. As previously reported by Bitcoin Exchange Guide, the alliance formed by Ali Ahli Bank of Kuwait (ABK) and Ripple will help the former better in their technological sense, while making […] дальше »
2019-5-13 21:29 | |
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Sweden’s Central Bank Asks Gov’t: What’s ‘Legal Tender’?
Sweden’s central bank has its parliament to form a committee to review what constitutes legal tender in the country. Originally reported by Bloomberg’s Amanda Billner, the new committee will give a definitive answer on the definition of legal tender as Sweden increasingly moves away from cash to credit and debit cards for paying for goods and services. дальше »
2019-5-3 12:00 | |
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Feds Seize Part of Bitfinex’s Missing Funds, First Arrest Made
As first reported by Modern Consensus, an HSBC account linked to a federal indictment for bank fraud has been found to be directly related to Bitfinex. Legal Troubles Begin A portion of Bitfinex’s missing $850 million has been seized by the U. дальше »
2019-5-2 12:38 | |
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New York Attorney General Accuses Two of Cryptocurrency Fraud
Federal prosecutors indicted Reginald Fowler, 60, of Arizona and Ravid Yosef, 36, of Tel Aviv on grounds of hiding the true nature of hundreds of millions of dollars transferred in and out of their several bank accounts around the world, reported Bloomberg May 1, 2019. дальше »
2019-5-2 12:00 | |
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Iran’s First Ever Bitcoin ATM Unveiled in Tehran
On April 24, 2019, the first bitcoin ATM in the Islamic Republic of Iran was revealed at the 12th International Exhibition of Exchange, Bank and Insurance in Tehran. дальше »
2019-4-27 21:31 | |
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Cryptocurrencies Not Welcome at Reserve Bank of India (RBI) New FinTech Regulatory Sandbox
On Thursday, April 18, 2019, the Reserve Bank of India (RBI) released a report on what they refer to as the “Regulatory Sandbox” (RS), which explores the different facets of FinTech. The reason for such publication stems for the general public as reported by RBI. дальше »
2019-4-18 23:31 | |
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3 Central Bank Governors Toy with Adding Bitcoin Crypto Bonds Using Blockchain Technology
On April 17th, Asia Times reported on this week’s World Bank and International Monetary Fund (IMF) Spring Meetings. The meetings were held in Washington, DC, where it was revealed that Afghanistan, Tunisia, and Uzbekistan are all considering the introduction of a Bitcoin bond. дальше »
2019-4-17 23:27 | |
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Afghanistan, Tunisia to Issue Sovereign Bonds in Bitcoin, Bright Future Ahead
Afghanistan and Tunisia are planning to issue sovereign bonds in bitcoin to fund infrastructural developments, reported Asia Times from IMF’s Springs Meetings summit. Khalil Sediq, the governor of the Central Bank of Afghanistan, confirmed that they were looking to utilize cryptocurrency and blockchain technology to raise around $5. дальше »
2019-4-17 19:04 | |
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3 Countries Tell IMF They Want To Issue Bitcoin Bonds
The governments of at least three countries have formally acknowledged their interest in issuing a sovereign Bitcoin bond to raise capital. Afghanistan, Tunisia, Uzbekistan And Bitcoin Asia Times originally reported the trend April 17 referencing recent statements at this week’s World Bank and International Monetary Fund (IMF) Spring Meetings held in Washington DC. дальше »
2019-4-17 17:00 | |
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Bitcoin [BTC] proponent Jimmy Song says IMF already has a sh*tcoin called Special Drawing Rights
Jimmy Song, a well-known Bitcoin influencer and developer, commented on the news surrounding International Monetary Fund and India. Recently, it was reported that the International Monetary Fund [IMF] and the World Bank launched their own cryptocurrency, Learning Coin, which would have no monetary value. дальше »
2019-4-16 20:30 | |
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NYMEX’s Ex-President Looks to Go Big with Mercantile Global Holdings’ Crypto Bank Play
James Bo Collins is a successful man. He became the president of NYMEX when he was only 35 years old and has been taking on several challenges since then. Now, he is investing in a new enterprise: to create his own crypto bank. дальше »
2019-4-11 06:49 | |
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The Philippines’ Central Bank Has Already Legalized 10 Bitcoin Exchanges
According to local reports, the Bangko Sentral ng Pilipinas (BSP) has approved three crypto exchanges, bringing the total number of approved crypto exchanges to 10. The Manila Times reported: “Melchor Plabasan, officer-in-charge at the Technology Risk and Innovation Supervision Department of the central bank, said newly approved were Bexpress Inc. дальше »
2019-4-10 15:12 | |
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In Fourth Report, QuadrigaCX Court Monitor Recommends Bankruptcy Proceedings
QuadrigaCX monitor Ernst & Young suspects that the beleaguered exchange’s late CEO, Gerald Cotten, may have been financing personal expenditures with company funds, and it is now recommending that the assets in Cotten’s estate be placed under a preservation order. дальше »
2019-4-3 01:19 | |
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Puerto Rico Approves Combination Bank for Fiat and Digital Assets
The San Juan Mercantile Bank & Trust International (SJMBT), a new bank in Puerto Rico catering to cryptocurrency traders, is now fully operational. SJMBT announced its receipt of all appropriate licensing from Puerto Rican regulatory officials to begin offering “fiat and digital asset custody and settlement services,” which are “to be integrated with the trading platforms offered by its affiliate, the San Juan Mercantile Exchange (SJMX). дальше »
2019-4-3 00:47 | |
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Federal Reserve System Briefly Goes Down as Bitcoin Boasts 99.98% Uptime
Several users have reported that the US Federal Reserve Bank’s real-time settlement system has gone offline for a brief period of time. This prevented banks from completing a number of transactions, further highlighting the issues of centralized systems. дальше »
2019-4-2 20:00 | |
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Pakistan Introduces Crypto Regulation
The Pakistani government will now regulate local cryptocurrency firms under new legislation. Local news outlet The Express Tribune reported that the government of Pakistan will introduce Electronic Money Institutions (EMI) regulations based on the recommendations of the Financial Action Task Force (FATF). дальше »
2019-4-2 01:33 | |
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Lazarus Hacker Group Continues to Target Crypto Using Faked Trading Software
This article was originally published by 8btc and written by Lylian Tang. The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi. дальше »
2019-4-2 21:54 | |
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Blockchain Does Not Always Live Up To Hype, Says World Bank Official
Contrary to the belief of the nascent blockchain industry and that of the present buzz around the technology, blockchain is not the solution to all problems according to a World Bank official at the 20th Annual Conference on Land and Poverty, as reported by Reuters, March 27, 2019. Talking Points No single technology is universallyRead More дальше »
2019-3-28 20:00 | |
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Bitcoin Critic Warns Central Banks Against Issuing Digital Tokens
One of the most vocal Bitcoin critics has cautioned central banks against issuing their own digital currencies, claiming that they are a threat to financial stability and monetary policy-making, as reported by Bloomberg on March 22. дальше »
2019-3-25 15:59 | |
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India’s Potential Crypto Regulatory Framework to Be Presented at the Supreme Court Shortly
India’s perspective on cryptocurrencies has been quite cold, especially on the central bank, the Reserve Bank of India’s (RBI) end. Bitcoin Exchange Guide (BEG) reported on multiple instances how they have been consistently shutting down the idea, to which native traders were getting frustrated. дальше »
2019-3-24 20:40 | |
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France Won’t Launch Cryptocurrency Anytime Soon: PwC Blockchain Exec
France’s central bank won’t issue its own digital currency anytime soon because doing so would be a complex undertaking that could hurt the country’s flailing economy. That’s the assessment of Pauline Adam Kalfon, a blockchain and cryptocurrency partner at PwC France. дальше »
2019-3-24 16:15 | |
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Israeli Court Affirms Bank Should Not Have Shut Down Crypto Mining Farm’s Account For Money Laundering
Israeli Court Affirms That Bank Should Not Have Shut Down Mining Farm’s Account An Israeli court has recently ruled in favor of a Bitcoin mining farm which had its banking account closed down by a local banking institution over concerns of money laundering. дальше »
2019-3-19 23:13 | |
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Banks May Refuse Deposits from Crypto Firms, Says Israeli Court
An Israeli court has ruled that Union Bank of Israel cannot close the bank account of a crypto mining firm but can refuse certain deposits, as reported on March 17, 2019. Illegal Closure Despite consistent collaborations with various banks around the world, the blockchain industry has continuously faced the challenge of not being able toRead MoreRead More. дальше »
2019-3-19 22:00 | |
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Central Banks Losing Control Over Markets? Europe’s Leading Policy Makers Throw in the Towel
The economic condition of Europe has been so dire that European Central Bank (ECB) had already reversed its monetary policy as admitted by ECB last week. Just recently we also reported how the chief economist of ECB shared that they create money out of thin air. дальше »
2019-3-16 02:21 | |
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Barclays: Facebook’s Cryptocurrency Could Generate $19 Billion in Additional Revenue by 2021
British multinational investment bank Barclays sees some serious upside for social media giant Facebook’s cryptocurrency. The bank forecasts a whopping $19 billion in additional revenue from this initiative, alone. дальше »
2019-3-12 20:00 | |
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Fake News: Japan’s Largest Bank isn’t Launching a Cryptocurrency
Several crypto media outlets have reported that Japan’s Mizuho, the country’s largest bank, and dozens of others are launching a blockchain product. According to Quartz, however, these reports are false in the extreme: J-Coin has nothing to do with cryptocurrency or even blockchain in general. дальше »
2019-3-7 22:26 | |
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Cryptocurrency Accounts for Less Than 2% of All Japanese Money Laundering Cases
Money laundering cases related to cryptocurrencies in Japan have increased significantly in 2018. Nevertheless, their number remains a fraction of the total. According to the Japanese press, the majority of reported money laundering instances actually involve banks and other traditional financial institutions. дальше »
2019-3-1 21:30 | |
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Bitcoin Adoption: Could Chase Bank’s Anti-Conservative Push be an Opening Crypto?
According to alternative news platform Breitbart, a slew of conservative media personalities have had their banking services terminated by Chase Bank. Amongst those impacted are Rebel Media host, Martina Markota; independent reporter, Joe Biggs; Proud Boys leader, Enrique Tarrio; and others. дальше »
2019-2-28 02:00 | |
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Bahrain Becomes First Arab Nation to Comprehensively Regulate Bitcoin
A couple months ago, CCN reported that Bahrain had completed its draft regulations for cryptocurrencies. The Arab nation has now completed its finalized version of the same, and it hasn’t noted much change in its positive disposition. дальше »
2019-2-27 08:25 | |
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Jamie Dimon Teases Future Grocery Shopping Runs with JPMorgan’s Cryptocurrency
Wall Street titan and noted bitcoin basher Jamie Dimon said that JPMorgan’s controversial cryptocurrency could one day be used for consumer payments. Jamie Dimon: JPMorgan Cryptocurrency Could Target Consumer Use “JPMorgan Coin could be internal, could be commercial, it could one day be consumer,” Dimon said at the bank’s annual investor day in remarks quoted by CNBC. дальше »
2019-2-27 22:03 | |
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How this Australian bank tracked 17,000 kilos of almonds with the blockchain
It’s not uncommon to read about how the latest firm has put something “on the blockchain. ” In fact, last year Hard Fork reported on a successful trial which saw the Commonwealth Bank of Australia put a shipment of 17,000 kilos of almonds on the decentralized tech. дальше »
2019-2-26 13:19 | |
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