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Major Korean Exchanges Secure Real-Name Account Arrangements With Local Banks
10.9.2021
Leading cryptocurrency exchanges in South Korea have reached agreements with Korean banks to maintain the issuance of real-name accounts, media reports revealed. The deals, although not yet permanent, will allow the trading platforms to register with financial authorities before the Sept....
This Assurance Layer Is Bringing Trust To The World of DeFi Lending And Borrowing
9.9.2021
rade assets and derivatives, and so on. People who want to borrow against their crypto assets to make even bigger bets frequently use this collection of businesses.There are two fundamental distinctions from traditional banks. All services are for digital currencies rather than government-iss
S Korean MP Tells Gov’t: ‘Don’t Let a Crypto Monopoly Emerge’
8.9.2021
country to have submitted its official application to become a licensed trading platform operator after sealing a deal with the neobank K-Bank. The latter has established a
Stablecoins: crypto house of cards?
8.9.2021
In our latest video report, Cointelegraph addresses the systemic risk posed by stablecoins
More countries to follow El Salvador’s Bitcoin move, Cardano creator says
8.9.2021
El Salvador’s Bitcoin acceptance is a major win for the cryptocurrency industry, Cardano founder Charles Hoskinson believes
Crypto Entrepreneurs On Debanking, 'Bullying' By Banks, Govt Agencies
8.9.2021
c said that being debanked had a major impact on her life.“I’ve been very grateful for my seven years in the crypto community and all that I’ve learned, and the people that I’ve met. But at the end of the day, the irreversible damage to my livelihood has been done,” the entrepreneur said, as
Visa Plans to Bring Cryptocurrency Services to Traditional Banks in Brazil
7.9.2021
Visa, the multinational payments giant, has announced it is planning to bring cryptocurrency services to traditional banking platforms in Brazil. The company also announced that it is working with several cryptocurrency companies in the country to bring cryptocurrency payment cards to the market...
Cryptowisser : Cryptocurrency Likely to Be More Environmentally Friendly Than Traditional Banks
6.9.2021
PRESS RELEASE. Leading Crypto service comparison site – Cryptowisser deep dives into the environmental future of cryptocurrency. Despite major scrutiny from traditional media and press, cryptocurrency possibly remains more environmentally friendly than traditional banks, just no one...
African Economist Says Regulated Cryptocurrencies Are Reasonable Alternative to Single Trade Currency
6.9.2021
A Nigeria-based research and development economist, Gospel Obele, has called “for a unified regulatory mechanism for cryptocurrency trading.” He adds that such regulation of cryptocurrencies can potentially “complement an African digital currency,” hence this needs to...
Sen. Elizabeth Warren calls crypto the ‘new shadow bank‘
6.9.2021
The Massachusetts senator said that it’s “worth considering” banning U.S. banks from holding the reserves to back private stablecoins
Chinese Banks Bolster Digital Yuan Resources Prior to CBDC Debut
4.9.2021
Major Chinese banks are beefing up their digital yuan capacities ahead of the imminent launch of the nation’s central bank digital currency (CBDC).
Per the Securities Daily (via East Money), a number of the commercial banks that have already begun working with the central People’s Bank of China...
Banks vs. exchanges — regulators overwhelmingly penalize fiat, not crypto
3.9.2021
Data from a recent report suggest that enforcement actions from U.S. regulators against those in the crypto space cost those firms less than 1% of that in traditional finance for the last 20 years
Australia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments
3.9.2021
The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for International Settlements, aims to establish whether they can simplify transactions and make...
Nigeria's securities regulator establishes fintech unit to study crypto
3.9.2021
With much of the Nigerian crypto market underground or peer-to-peer due to government restrictions, the country’s securities regulator is looking into ways to make investors safer
IRS Agent Poses as Bitcoin Trader Called ‘Mr. Coins,’ Biden’s IRS Wants ‘Outflow and Inflow’ Data From Banks
2.9.2021
Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden’s American Families Plan....
Russian Sberbank plans to register its digital asset tool in September
2.9.2021
As the largest banking and financial institution in Russia and one of the world’s biggest public companies, Sber’s move into digital assets is a significant one
UK-based banking firm Standard Chartered joins Global Digital Finance patron board
1.9.2021
The bank joins Coinbase, Huobi, SIX Digital Exchange, 100x Group, and other industry leaders to advocate for the adoption of digital assets
Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance
1.9.2021
Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers...
Chinese Banks Looking to Use Digital Yuan in Funds and Insurance Sector
31.8.2021
Some of China’s biggest commercial banks are looking to pilot digital yuan use cases for funds and insurance-related products – in a major move away from the core functions of the pilot thus far.
Since the central People’s Bank of China (PBoC) began its pilots, initiatives have focused on...
Chinese banks explore e-yuan for selling investment funds and insurance
31.8.2021
Bank of Communications and China Construction Bank are working with fund managers and insurers to facilitate e-yuan payments for Chinese citizens