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Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial
23.10.2019
The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what...
Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits
22.10.2019
In a normal world savers are expected to receive compensation for giving their money to the bank. Instead, due to negative interest rates, we are now seeing more financial institutions actually charging their clients for fiat cash deposits, with Credit Suisse the latest big bank to join in on this...
Banks May Cut Ties With Facebook if Libra Is Launched: ING CEO
22.10.2019
ING CEO Ralph Hamers thinks that banks may have to cut ties with Facebook if Libra is launched
Bank of Cambodia: We’ll Allow More Control with Blockchain Payments
22.10.2019
Blockchain payments will enable greater financial control and remittance efficiency, says a National Bank of Cambodia official
What Role Should Central Banks Have Launching Stablecoins Like Libra?
21.10.2019
Facebook wasn’t prepared for the backlash associated with Libra. But should central banks have a role in helping the stablecoin launch — and if so, what? #Sponsored
Bitfinex Attempts to Recover $880 Million in New Court Filing
21.10.2019
Bitfinex’s parent company filed an application in an attempt to recover $880 million
Fed’s Push for a Faster Payment System Could Create Difficulties for the Small Banks
21.10.2019
On Monday, the Federal Reserve Board announced that it is planning for a fast payment service known as FedNow. It is going to be a payment service that will facilitate and settle payments in real-time. Considering the way in which Fintech has grown, it is only natural that the Federal Reserve...
Major Korean Banks Join Government-Backed Blockchain ID Initiative
21.10.2019
Institutions including the Shinhan and NH Nonghyup banks have joined a blockchain identity initiative aimed to securely share personal data
Minister Says India, Like Other Nations, Extremely Cautious on Libra
21.10.2019
India’s finance minister says many countries are cautioning against rushing ahead with Libra
The Fed Just Printed More Money Than Bitcoin’s Entire Market Cap
21.10.2019
Bitcoin proponents watch as Fed money printing gathers pace
Remittances Partnership to Use Cambodia Central Bank’s Blockchain System
21.10.2019
The National Bank of Cambodia, the country’s central bank, signed an MoU on cross-border payments and remittances with Malaysia’s largest bank
Fed Research Considers Negative Interest Rates Effective Policy Tool
20.10.2019
A research paper published by the Federal Reserve Bank of San Francisco shows how negative interest rates could become an important policy tool for fighting future economic downturns. The paper examines the market response to the introduction of negative interest rates by five major central banks....
How Can EEA's Reward Token System Help Banks Motivate Their Employees?
19.10.2019
While banks are looking for ways to tokenize employees’ reputations, the Enterprise Ethereum Alliance has already found a way
Huobi Lira Onramp to Enable Crypto Trading for Turkish Users
18.10.2019
Huobi Global will launch fiat gateway for the Turkish lira in late 2019, the firm officially announced at the Eurasia Blockchain Summit
Raiffeisen Among 18 Banks in First Global Tokenized Collateral Trial
18.10.2019
Raiffeisen amongst 28 organizations in the first global-scale trial on R3 Corda network
Libra Shows Central Banks’ Failure on Cross-Border Payments: Riksbank
17.10.2019
A senior economist at Sweden's Riksbank says central banks need to "keep up" with cryptocurrency advancements like Libra and XRP
Major Singapore Bank Completes First DLT Trade Financing Transaction
17.10.2019
A Singaporean banking branch of CIMB Group, one of the largest Asian investment banks, has completed its first blockchain-based trade financing transaction
Fed Governor Warns: Facebook’s Libra Users Lack Clear Rights
17.10.2019
The Fed’s Lael Brainard warns that Libra users’ rights with respect to the token’s underlying assets and the system overall remain unclear
Central Banks Realize They Can’t Ignore Crypto, Digital Fiats Any More
17.10.2019
Central banks and financial authorities in some of the world’s leading economies are increasingly turning their attention to cryptocurrencies and digital fiats.
Bloomberg reports that the American Federal Reserve is “dragging its feet” on digital fiat-related matters, with a “real-time” payment...
Central Banks Have Three Options for Crypto Regulations, Says Official
16.10.2019
French central banker Denis Beau discussed the options available to central banks vis-a-vis cryptocurrency regulations