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Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services
Nationally regulated banks want the OCC to clarify just how and when they can provide cryptocurrency services, hinting traditional financial institutions are paying close attention to the space. дальше »
2020-8-11 15:04 | |
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Korean bank working on custodial services that uses blockchain
KB Kookmin, one of Korea’s largest banks, is spearheading blockchain development projects for the... The post Korean bank working on custodial services that uses blockchain appeared first on Coin Journal. дальше »
2020-8-10 11:53 | |
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New York Banks Get Approval to List and Custody Binance USD Stablecoin
New York banks can now list and custody Binance Stablecoin, Binance USD, (BUSD) after the recent approval by the New York Financial Department of Financial Services, NYDFS. The NYDFS updated its greenlight list to include Binance USD meaning that banks can go ahead and use the asset without requiring any further approval from the regulatory […] дальше »
2020-8-9 13:48 | |
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Swiss Government-Owned Bank to Offer Bitcoin Lending and Custody Services
Basler Kantonalbank, one of the 24 cantonal banks dedicated to serving the 26 Swiss cantons, has announced plans to start offering its clients bitcoin (BTC) trading and custodial services via its subsidiary, according to a press release on August 3, 2020. дальше »
2020-8-4 15:00 | |
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Chainlink (LINK) taps South Korea’s biggest banks to bolster forex and DeFi
Financial market data from South Korean banks will now feature on Chainlink’s decentralized oracles services, as announced at an event in Seoul on Friday. The post Chainlink (LINK) taps South Korea’s biggest banks to bolster forex and DeFi appeared first on CryptoSlate. дальше »
2020-7-26 09:00 | |
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OCC allows US banks to provide custody services for cryptocurrency
The Office of the Comptroller of the Currency recently announced that federally chartered banks... The post OCC allows US banks to provide custody services for cryptocurrency appeared first on Coin Journal. дальше »
2020-7-24 15:14 | |
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Analyst: ‘Legalization Of US Banking Crypto Custody Is Evidence Why Bitcoin Can’t Be Banned’
A day after US banks got the go-ahead to offer digital assets custodial services to their clients, experts are speculating that it is a competitive rush for countries to accept Bitcoin, which now means Bitcoin cannot be banned. дальше »
2020-7-24 13:43 | |
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Avanti Bank Charter & ‘Stablecoin Disruptor’ Fast-Tracked Following OCC Decision
The Wyoming Division of Banking regulators has accelerated the banking application charter for crypto influencer Caitlin Long’s Avanti project. The decision to fast-track Avanti Bank came in the wake of the Office of the Comptroller of the Currency (OCC)’s recent decision to allow banks to provide cryptocurrency custodial services. дальше »
2020-7-24 00:06 | |
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Bitcoin Rallies 5% as US Regulator Greenlights Bank Crypto Custody
Bitcoin price surged 5% to $9,664 less than 24-hours after the Office of the Comptroller of the Currency announced U.S. banks can provide crypto custody services. дальше »
2020-7-24 22:43 | |
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US Regulator Green-Lights Banks for Cryptocurrency Custody Services
The Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related to custody services. дальше »
2020-7-24 17:30 | |
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Banks Can Now Hold Bitcoin, Here’s Why It’s ‘Insanely Bullish’
As we reported yesterday, a leading banking regulator, the Office of the Comptroller of the Currency (OCC), has officially declared in a letter that national banks can from now provide crypto custody services. дальше »
2020-7-23 15:28 | |
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U.S. National Banks Get Regulatory Nod to Offer Crypto Custodial Services
Coinspeaker U. S. National Banks Get Regulatory Nod to Offer Crypto Custodial ServicesNew services offered by banks can become a big boost for bridging the gap between the traditional and crypto markets. дальше »
2020-7-23 09:15 | |
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US Banks Can Now Provide Custody Services For Crypto Assets – Here’s Why Bitcoin Hodlers Are Worried
It has been a long time coming, but US banks will finally be allowed to offer custodial services to clients. The Office of the Comptroller of the Currency has just announced that any American bank can hold digits assets for its customers. дальше »
2020-7-23 00:48 | |
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Treasury Bureau Declares National Banks Can Custody Crypto
The Office of the Comptroller of the Currency has clarified that national banks can hold cryptocurrency keys, potentially ushering in a wave of new services from these financial institutions. The post Treasury Bureau Declares National Banks Can Custody Crypto appeared first on Bitcoin Magazine. дальше »
2020-7-23 23:30 | |
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US Regulator, OCC, Authorizes National Banks and Federal Saving Institutions as Crypto Custodians
U.S. regulator, the Office of the Comptroller of Currency (OCC), allows federal banks and national savings institutions to officially custody cryptocurrencies for their customers. The statement released on July 22, confirms that any national bank or savings facility can now hold on to unique cryptographic keys of cryptocurrencies in their vaults pertaining to custody services. […] дальше »
2020-7-22 21:40 | |
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The Inherent Downsides Of Bitcoin That Put Its Prospect In Doubt
The remarkable merits of Bitcoin that place it above the settings of the traditional banks are beyond doubt, the best and the ideal kind of services people have been hoping for in recent times. However, everything about Bitcoin isn’t all roses. дальше »
2020-7-15 02:38 | |
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India’s Biggest IT Services Company TCS Dives Into Cryptocurrency
India’s largest multinational IT services company, Tata Consultancy Services (TCS), has announced the launch of a new product to help banks offer cryptocurrency-related services. The new product is called Quartz... дальше »
2020-7-9 21:11 | |
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Major Indian Company TCS Launches Cryptocurrency Trading Solution for Banks’ Customers
Leading Indian IT company, Tata Consultancy Services (TCS), is launching a cryptocurrency trading solution for banks to allow their customers to invest in cryptocurrencies. TCS is part of the Tata group, India’s largest multinational business group, and is listed on two stock exchanges in India. дальше »
2020-7-9 14:35 | |
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UnionBank Collaborates With Ripple Partner to Offer Remittance Services to the Unbanked
The UnionBank of the Philippines, one of the Philippines’ major banks, partnered with a cryptocurrency remittance platform and Ripple partner, Coins. ph, to introduce a cash-out network to enable make it easier for citizens to send money abroad. дальше »
2020-6-24 21:00 | |
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US Fed Chair Jerome Powell Rules Out The Private Sector in Creation of a Digital Dollar
Jerome Powell, the U.S Fed Reserve Chairman, has said that private entities should not be part of the creation process of a digital dollar. Appearing before the House Financial Services Committee on June 17, the Fed Chair highlighted that monetary policy functions should be left to the central banks regardless of the operating ecosystems. On […] дальше »
2020-6-18 19:14 | |
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Ripple Adds 5 New Clients to Its RippleNet Cloud Solution
Coinspeaker Ripple Adds 5 New Clients to Its RippleNet Cloud SolutionAs part of its expansion of global customer-base, Ripple Labs has added five new clients to its RippleNet Cloud solutions which give banks and financial institutions a possibility to offer payment services using the RippleNet network. дальше »
2020-6-18 15:48 | |
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Japanese Banks Exploring Digital Currency Payments Interoperability
Major banking giants in Japan together crypto exchange platform DeCurret have formed a working group to explore digital currency payments interoperability. Meanwhile, regulators in the country are warning investment advisors to fulfill the necessary licensing requirements before offering their services. дальше »
2020-6-5 01:03 | |
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2 Swiss Banks Launch Cryptocurrency Trading and Custody After Gaining Regulatory Approval
Switzerland’s financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody. Maerki Baumann Bank subsequently announced the launch of its trading platform for major cryptocurrencies while Incore Bank is offering a range of crypto services. дальше »
2020-6-3 10:02 | |
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Indian Banks Still Cryptophobic Despite No Banking Prohibition
Here are the legal resources available to Indian crypto users and businesses if a bank has declined services out of cryptophobia.
дальше »2020-5-31 13:14 | |
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India’s Central Bank Denies Prohibiting Financial Institutions from Servicing Cryptocurrency Exchanges
Indian commercial banks refusing services to local cryptocurrency exchanges may soon have a case to answer following a recent clarification offered by its central bank. Tweeting on Sunday, Indian crypto insider Crypto Kanoon (@cryptokanoon) published a document released by the Reserve Bank of India (RBI) stating that no prohibitions against banks servicing crypto-businesses exist. дальше »
2020-5-27 07:15 | |
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India’s RBI claims no restrictions were imposed on banks for working with crypto businesses
The RBI’s response follows several complaints that some banks were refusing to offer banking services to crypto exchanges and related businesses The Reserve Bank of India (RBI) has clarified that it doesn’t prohibit banks and other financial services providers in the country from dealing with, or providing, bank account services to cryptocurrency exchanges. дальше »
2020-5-27 19:59 | |
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RBI Confirms No Ban on Cryptocurrency Exchanges, Businesses or Traders in India
India’s central bank, the Reserve Bank of India (RBI), has confirmed that there is no longer any banking ban on crypto exchanges, companies, or traders. This follows the supreme court decision to quash the RBI circular prohibiting banks from providing services to any customers dealing in cryptocurrencies. дальше »
2020-5-27 13:15 | |
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Brazil Regulator Votes to Continue Probe Into Banks’ Rejection of Crypto Firms
Brazil’s national competition regulator is about to decide the fate of its investigation on whether some of the largest banks in the country wrongly locked local crypto brokers out of financial services. дальше »
2020-5-21 17:51 | |
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From Cross-Border Payments To Loans: Ripple Is Expanding Into Working Capital Lending For Its RippleNet Customers
Ripple, the company behind the XRP cryptocurrency, is better known for its cross-border payments services to banks and payment providers. The blockchain payments startup is now branching out to working capital loans for its customers. дальше »
2020-5-14 20:07 | |
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Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation
Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for trademark registration, reportedly listing over 20 crypto services on its application. дальше »
2020-3-28 11:30 | |
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Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks
Bitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized as financial institutions. дальше »
2020-3-14 21:25 | |
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Some Indian Banks Are Still ‘Arbitrarily’ Refusing to Process Crypto Transactions
Indian legal experts contend that some banks in the country are still refusing services for crypto-related transactions, despite the Supreme Court’s ruling earlier this month
дальше »2020-3-13 11:46 | |
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40 German banks apply to offer crypto custody services
Over 40 German banks have applied for the new crypto custodian license necessary for the provision of professional custody services. дальше »
2020-2-18 15:00 | |
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Digital Remittances Reach Record of $96 Billion YoY, High Fees Open Door for Cryptocurrencies
In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital platforms and decentralized cryptocurrencies. дальше »
2020-2-14 04:45 | |
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Crypto-Friendly Digital Bank Leaves UK Over Brexit
The digital bank N26 has stopped its operations in the United Kingdom for the time being over legal concerns regarding Brexit. N26 is among the largest digital banks, but UK customers will soon find that its services have been terminated. дальше »
2020-2-12 19:10 | |
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40 German Banks Seek Regulator’s Green Light to Offer Bitcoin Custody
Over 40 German banks have sought regulatory approval to offer digital asset custodial services
дальше »2020-2-12 14:02 | |
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Over 40 German bank express interest in crypto custody
Germany's Federal Financial Supervisory Authority [BaFin] reportedly received over 40 expressions of interest from banks for the issuance of a cryptocurrency custody services license. The report stateThe post Over 40 German bank express interest in crypto custody appeared first on AMBCrypto. дальше »
2020-2-10 22:00 | |
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Over 40 German banks express interest in crypto custody
Germany's Federal Financial Supervisory Authority [BaFin] reportedly received over 40 expressions of interest from banks for the issuance of a cryptocurrency custody services license. The report stateThe post Over 40 German banks express interest in crypto custody appeared first on AMBCrypto. дальше »
2020-2-10 22:00 | |
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40 Banks Apply To Offer Bitcoin and Ethereum Services
A recently passed law in Germany appears to have created a rush to market with a local paper stating 40 licensed banks have applied to offer crypto custody and services.... The post 40 Banks Apply To Offer Bitcoin and Ethereum Services appeared first on Trustnodes. дальше »
2020-2-9 20:16 | |
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US Bank Silvergate Sees Growth in Crypto Clients, Despite Decreasing Deposits From the Sector
Financial results released by two U. S. banks providing services to the crypto industry have indicated a decline in deposits from digital currency customers. However, a positive trend has been observed as well. дальше »
2020-1-31 12:00 | |
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Swiss Bank Julius Baer Offers New Digital Asset Services With Licensed Crypto Bank SEBA
Switzerland, a nation that’s been quite positive towards crypto business, is facilitating the integration between its traditional financial sector and the blockchain industry. With greater regulatory clarity and stability coming, established banks are plucking up the courage to offer digital asset products and services helped by local fintechs. дальше »
2020-1-28 12:30 | |
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Hawaii: Lawmakers Introduce Bill That Enables Banks to Offer Crypto Custody Services
According to a report by The Block published on January 24, 2020, five lawmakers from the U. S. state of Hawaii have introduced a bill that seeks to enable commercial banks to provide custody for cryptocurrencies. дальше »
2020-1-26 22:00 | |
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