People’s Bank of China (PBoC) Pilots Restrictions on Large-Scale Cash Transactions

2019-11-15 17:19

The People’s Bank of China (PBoC) has had a lot of attention lately with their many changes in the crypto industry. Now, it looks like the central bank is looking to combat money-related criminal activities with a new restriction.

The restriction, which will first be piloted for two years, will restrict large-scale cash transactions for […]. origin »

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Malaysia Proposes $6k Cash Transaction Limit In 2020; Will Cryptocurrency Adoption Soar?

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2019-11-9 18:55


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China’s National Digital Currency is Anything but Decentralized says Ethereum Co-Founder

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2019-11-6 10:00


Ripple-Powered MoneyTap Adds Two New Banks, Now Totals 30

SBI Holdings’ MoneyTap now welcomes Daiwa Securities Group Inc. and Sumitomo Mitsui Trust Bank as its shareholders, bringing the total ally of financial institutions to 30. Established in March, this smartphone application is powered by the blockchain technology of Ripple that allows customers of the bank consortium to settle transactions instantly, 24 hours a day, […]

2019-10-1 23:16


PNC bank goes live with RippleNet; becomes first-ever American bank to use its services

PNC Financial Services Group, Inc. has gone live with RippleNet on August 29, becoming the first-ever American bank to process cross-border payments, reported FintechFutures. The bank inked the deal with RippleNet in September 2018 and announced that its Treasury Management Unit would be using Ripple’s current software solution to carry out cross-border transactions.

2019-8-29 12:14


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Bank of America Patent Displays use of Ripple Ledger

A now publicly available patent from Bank of America (BofA) has revealed a system of real-time settlement that utilizes the Ripple ledger for inter currency transactions, July 20, 2019. Huge Breakthrough for Ripple Bank of America’s patent reveals the exclusive usage of the Ripple ledger to improve efficiency and cost-effectiveness of transactions as well asRead MoreRead More.

2019-7-21 11:51


United States’ Provident Bank announces use of Bitfury’s analytics platform for ‘digital asset compliance’

Blockchain technology company, Bitfury, has announced its partnership with U. S-based Provident Bank, in an attempt to provide banking services to digital asset firms. In a recent blog post, the company revealed that the Provident Bank would use Bitfury’s Crystal blockchain analytics to monitor transactions, as well as power the recruiting procedures of a potential client.

2019-7-10 14:30


HSBC: Seventh largest bank in the world rumoured to be blocking cryptocurrency transactions?

Banks and the cryptocurrency world have been at odds ever since the latter emerged a decade ago. From initially shrugging decentralized currency off as a mere distraction, now the disruptive force has irked the banking industry with the seventh largest bank in the world, HSBC rumored to be halting cryptocurrency transactions.

2019-6-1 11:00


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