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South Africa Reserve Bank Wins Award for Blockchain Payments System
After successfully trialing blockchain-based payments for wholesale interbank settlement, South Africa’s central bank has scooped up the award for Best Distributed Ledger Initiative at Central Banking’s “FinTech RegTech Global Awards 2018. дальше »
2018-9-11 00:00 | |
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Australia’s Brisbane Becoming a Cryptocurrency Hub For Travelers
Australia has been at the forefront of blockchain development and cryptocurrency acceptance this year. With several deals inked between major banks and corporations and an increasing adoption of digital currencies nationwide it is growing into a crypto powerhouse. дальше »
2018-9-5 17:00 | |
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Aidos Kuneen Blockchain Project Launch Crypto-Friendly Banking Network
AidosKuneen is giving crypto users the privilege to put their wealth in a network that has easy access to fiat currency through banks. A NEW MOMENTUM ADK, an open source project with a network that spans two continents, stretching two banks in Africa and one in Europe. дальше »
2018-8-31 01:49 | |
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Samsung Set to Simplify Transactions between Various Banking Systems Using Blockchain
Samsung SDS Co. has presented its blockchain-based platform called BankSign that will facilitate transactions at different banks. The post Samsung Set to Simplify Transactions between Various Banking Systems Using Blockchain appeared first on CoinSpeaker. дальше »
2018-8-28 16:23 | |
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Aidos Kuneen Unveils Most Crypto-Friendly Banking Network
Bitcoin Press Release: As the options to meet cryptocurrency exchanges’ banking needs are shrinking, Aidos Kuneen is offering crypto users the opportunity to park their wealth in a trustless network with easy access to fiat via banks. дальше »
2018-8-27 14:29 | |
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India: ICICI Bank Is Focusing on Blockchain for KYC, Trade, and Remittances
In an August 24, 2018, interview with YourStory, Abhijit Singh, Head of Technology at ICICI Bank, said he held a positive attitude towards the impact blockchain would have on the banking industry. More Mainstream Banks Open to Blockchain Although blockchain is widely perceived as a disruption to the banking sector, more and more mainstream banks are looking into ways to...The post %%POSTLINK%% appeared first on %%BLOGLINK%%. дальше »
2018-8-27 09:00 | |
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BFSI Blockchain tech market and the emergence of Crypto Banks
The blockchain is revolutionising the way many industries run. With big players and even governments injecting substantial capital into the blockchain, it gives developers opportunities to phase their focus in developing technology for the BFSI sector. дальше »
2018-8-27 01:07 | |
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Op Ed: New Bermuda Legislation Will Create a Novel Class of Bank to Service Fintech Companies
As we reported on July 19, 2018, Bermuda is determined to establish itself as the leading jurisdiction for fintech entrepreneurs, in particular those involved in initial coin offerings (ICOs), digital assets and virtual currencies. дальше »
2018-8-23 23:03 | |
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Cryptocurrency Custodian Services are Wall Street’s Chance at Being Crypto-Relevant
Despite the world’s top banks and financial institutions taking periodic jabs at the cryptocurrency market, a behind-the-scenes look suggests substantial interest. With the rising number of blockchain patents, crypto experiments and cross-border blockchain remittances, cryptocurrencies are an asset class the banks can show disdain toward, but not avoid. дальше »
2018-8-16 05:00 | |
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How Traditional Banks Are Looking to Enter the Crypto Space
On August 8, 2018, JPMorgan’s Jamie Dimon stated that more banks are considering building businesses to work with the digital currency ecosystem, seeing the emerging space of cryptocurrencies as a blind spot for major financial institutions. дальше »
2018-8-10 02:00 | |
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New Partnership Designed to Securely Track Precious Metal Trades
Financial technology firm Paxos has formed a partnership with INTL FCStone Inc’s precious metals division. The department will now be using Paxos Confirmation Service — a tool built specifically for the precious metals arena — to instantly automate daily trade confirmations and reduce human error. дальше »
2018-8-9 18:15 | |
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Facebook recently started asking banks for your financial data
A report from the Wall Street Journal today revealed Facebook was attempting to gain detailed financial information from its users’ banks. Oof, in how many languages can I say “no?” According to the Journal, Facebook has approached the likes of Wells Fargo, JP Morgan Chase, and Citigroup with an eye toward partnership. дальше »
2018-8-7 02:45 | |
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Many Swiss Bankers and Financial Regulators Quit to Join the Crypto Space
A lot of people in Switzerland have left the traditional financial sector to work in the crypto space, in which the banking nation is now developing a niche market. The Swiss banks don’t show enthusiasm officially, but they massively have interests in dealing with Bitcoin, insiders say. дальше »
2018-8-6 18:45 | |
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Swissquote Reports 44% Increase in Profit After Adding Cryptocurrency Services
Swiss online banking group, Swissquote, has benefited greatly from the addition of cryptocurrency investing to the set of services it offers, reporting a significant increase in its H1 2018 profits. дальше »
2018-8-1 16:55 | |
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Barclays, Citigroup, and Other Big Banks Sign Up for a Trial Blockchain Project
Nine banking giants are taking part in an app store trial for programs which are based on distributed ledger technology (DLT), further showcasing their interest towards the field and validating its merits. дальше »
2018-8-1 07:00 | |
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E-commerce Platform OmniBazaar Eliminates Middlemen and Banks by Adopting Blockchain Technology
2. 5 billion people in the world do not have access to basic banking services like credit cards. OmniBazaar plans to bring the world of C2C commerce to these people through its decentralized platform. дальше »
2018-8-1 02:12 | |
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Banking Giant Trials Blockchain for Land-Backed Loans Issuance
The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system. The ABC said the blockchain system is deployed among various nodes to facilitate the loan issuance including other commercial banks, the provincial branch of the People’s Bank дальше »
2018-7-31 13:17 | |
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“Eating Their Lunch:” Blockchain Upstarts Challenge Investment Banks
Access to personal financial data and the emergence of blockchain technology have been the catalyst for a revolution in the banking sector. At the start of this year, banks within the European Union were ordered by the Competition and Markets Authority (CMA) to grant customers access to their personal data. дальше »
2018-7-31 20:42 | |
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FX Settlement Provider CLS Begins Final Testing for Blockchain Payment Banking Service
At least 7 banks are reportedly ready to sign up to the CLS blockchain-based payment netting service after the launch this summer, as the service enters its final testing stages
дальше »2018-7-29 17:15 | |
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Richard Milam: The Global Impact Of AI As It Applies To The Banking Industry – Not Billions But Trillions
You may have heard about a robot called ‘Flippy’ that makes hamburgers instead of Phil, your average fast food worker. Robots are infiltrating the workplace, including banks. Robots can enhance work, productivity while reducing costs due to errors. дальше »
2018-7-28 18:13 | |
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The Fall of Crypto Valley: How Zug Is Losing Appeal to Other Blockchain Hubs
After being touted as a game-changing cryptocurrency-friendly economy, Switzerland faces a potential brain-drain of cryptocurrency projects as local banks refuse to lend services to the sector, contrary to the government’s push. дальше »
2018-7-23 16:00 | |
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Europe’s ECON Committee Study Shows Banks View Bitcoin As Competition In FinTech
Banks Could Be Engaging in Misconducts In Order to Take Advantage and Keep Users from Bitcoin According to a report published by the European Parliament Committee on Economic and Monetary Affairs (ECON), there are some competition issues in the banking and cryptocurrency sectors. дальше »
2018-7-23 11:21 | |
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Banking on Hype: Wells Fargo and Barclays Acquire Token and KYC Blockchain Patents
Two of the world’s larger banks recently acquired three distinct patents in the field of blockchain technology. Wells Fargo’s, aptly titled “Data element tokenization management,” was filed on July 17, 2018, and looks to tokenize pretty much every possible data piece possible. дальше »
2018-7-23 21:00 | |
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Switzerland Creating Crypto-Friendly Conditions To Remain Competitive in the Cryptocurrency Market
Swiss regulators are currently making a greater effort to provide clear regulations for the banking industry to ensure that cryptocurrency-related projects can remain fully functional within the country. дальше »
2018-7-21 17:11 | |
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India Has Become More Optimistic in Crypto as Big Companies Challenge Court
Crypto companies were heard in India today as they told the supreme court that the ban on banks interacting with cryptocurrencies is illegal. The global community has placed widespread pressure on the courts to stop the ban, as crypto exchanges have threatened to take their business elsewhere. дальше »
2018-7-21 16:00 | |
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HSBC Cautiously Exploring Crypto Use Cases
The interest of global banking giants in blockchain technology is well known. From Goldman Sachs to JPMorgan Chase, banks have had a hard time ignoring this innovative technology, which is designed to revolutionize the financial industry. дальше »
2018-7-21 13:29 | |
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Switzerland Creating Crypto-Friendly Conditions To Remain Competitive in the Cryptocurrency Market
Swiss regulators are currently making a greater effort to provide clear regulations for the banking industry to ensure that cryptocurrency-related projects can remain fully functional within the country. дальше »
2018-7-20 20:26 | |
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India Stands Still – Should Crypto Go or Stay ?
The biggest case involving the Indian cryptocurrencies market is scheduled to resume today as the Supreme court presides over a lawsuit filed by exchanges against the Reserve Bank of India (RBI). A directive by the central banking authority required that all banks in the country quit doing business with virtual currency exchanges on or before […] The post India Stands Still – Should Crypto Go or Stay ? appeared first on ZyCrypto. дальше »
2018-7-20 15:08 | |
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Japanese Tech Giant GMO sets to Launch Blockchain Banks
GMO Internet Group leverages the robust blockchain technology to streamline an interbank settlement system and create “next-generation” banking services. Being at the verge of blockchain revolution, Japanese fintech giant GMO Internet Inc. дальше »
2018-7-19 23:47 | |
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Powerful Cryptocurrency Firms on the Road Towards Becoming Banks
When bitcoin came out, supporters believed that the decentralized cryptocurrency would decimate the banking industry. Years later, as digital currencies became more mainstream, these networks were suddenly commanding billion dollar valuations. дальше »
2018-7-18 20:30 | |
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Stronghold and IBM Collaborate to Launch FDIC-Insured Stablecoin on Stellar
Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U. дальше »
2018-7-18 22:00 | |
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The real potential of Litecoin’s Banking Ambitions
The move was met with applause and skepticism, but also a stunned sense of disbelief from nearly all sides. Was it a sign that crypto is becoming so powerful it will soon overturn the rule of banks? Indeed, the news had imaginations operating at full speed, with some going so far as to think that дальше »
2018-7-15 18:42 | |
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This Traditional Stock Exchange is Getting Into Crypto Trading 100%
Along this exciting journey of cryptocurrencies, crypto-markets and blockchain technology, we have seen traditional banking institutions embrace blockchain based payments solutions such as those offered by Ripple, as well as some banks opting to patent their own blockchain ideas. дальше »
2018-7-13 19:11 | |
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Tkeycoin DAO ICO
TCD Corporation (formerly Holding BR) is an IT company engaged in the development of modern solutions for the economic and public spheres of activity. Since October 2017, TCD Corporation has been designing and developing a new cryptographic decentralized platform - "Tkeycoin DAO" for payment systems, banking and financial sector. дальше »
2018-7-12 22:56 | |
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The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin
As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name. дальше »
2018-7-13 17:16 | |
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Bank of Korea Reveals the Impact of Digital Assets in South Korea’s Banking and Finance Sector
South Korea’s central bank, the Bank of Korea (BOK), has revealed that the outstanding balance of cryptocurrency accounts in the country’s domestic banks stood at nearly $2 billion ($1. 8 billion) as of December 2017. дальше »
2018-7-13 16:19 | |
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Access to Banking Services is being considered by Switzerland for Crypto Businesses
Economy & Regulation Crypto companies based in Switzerland may receive access to regular banking services as early as this year. Also read: Swiss Crypto Company Acquires License to Distribute Funds to Investors Banks Expected to Offer Services by the End of the Year In terms of crypto development, Switzerland is now standing at a crossroad. дальше »
2018-7-6 08:31 | |
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Switzerland Considers Granting Crypto Businesses Access to Banking Services
Crypto companies based in Switzerland may receive access to regular banking services as early as this year. Political will and economic wisdom seem to be in place as some government officials and bankers are already working to resolve a serious issue. дальше »
2018-7-6 05:25 | |
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Bermuda Amends Law to Create Banks That Will Serve Blockchain Companies
For years, blockchain and crypto companies have struggled to access banking services, even a decade after Bitcoin was invented. While cryptos have become especially popular in the last two years, the situation hasn’t changed much around the world. дальше »
2018-7-5 17:00 | |
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Indian Crypto Exchanges Drop Fiat Support as Banks Close Their Accounts per RBI Ban
Cryptocurrency exchanges in India have one by one announced the shut down of their fiat deposits and withdrawals as banks start closing their accounts per RBI’s crypto banking ban. Meanwhile, they are trying to educate the central bank in hopes of easing the ban. дальше »
2018-7-5 00:40 | |
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South Asian Banking Ban dealine around the corner, causing Zebpay exchange to stop.
One of India’s largest exchanges Zebpay announced it was freezing Indian rupee deposits and withdrawals July 4, a day before a controversial bank ban on cryptocurrency businesses comes into effect. “INR deposits and withdrawals have been paused in the Zebpay app until banks allow us again,” an update to the original warning reads. On Tuesday, дальше »
2018-7-5 21:00 | |
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Government of Bermuda Becomes a Crypto-friendly Nation With Their ICO Bill
The Bermuda Government, recently, passed a Digital Asset Business Act and an ICO Bill. The Government felt compelled to make changes to their Banking Act because they wanted to create a new class of banks that could work with emerging FinTech, cryptocurrency and blockchain startups. дальше »
2018-7-4 17:34 | |
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