Español
PortuguêsEdwin Bautista, president and chief executive of UnionBank of the Philippines, has forecast that the coronavirus outbreak will drive banks to shift towards digital currencies, leaving physical cash behind. As…
Continue ReadingWith an economic collapse upon us, it has revived discussion around the concepts that prompted the creation of Bitcoin.And although the asset could have its finest hour in the face…
Continue ReadingFour of Brazil’s financial regulatory institutions are collaborating to build a streamlined blockchain-based data-sharing platform to perform background checks on political representatives and corporations. The platform, dubbed PIER, was developed…
Continue ReadingUS banking giant Wells Fargo has the capacity to provide about $384 billion of additional loans to small and medium-sized businesses (SMEs) and individuals, which is especially relevant during the…
Continue ReadingAs a number of global jurisdictions like the Bahamas and Sweden are already testing their central bank digital currencies (CBDC), French central bank is getting more straightforward regarding its own…
Continue ReadingOn Sunday, the Central Bank of Egypt (CBE) announced it had instructed financial institutions in the country to put withdrawal limits in place for cash. Regional reports disclose that Egyptian…
Continue ReadingMajor Spanish bank Santander plans to roll out its Ripple-powered international payments system One Pay FX in Mexico in 2020. In a Form 20-F filed with the United States Securities…
Continue ReadingIs a cash-based society sustainable in the age of coronavirus? Hoarders say yes, health experts say maybe and the visionaries say no: COVID-19 is the catalyst for systemic payments change.…
Continue ReadingWhile You’re Under Quarantine, Check These Sites for Remote Crypto Jobs If you are on the lookout for a job in these pressing times, when the coronavirus pandemic has limited…
Continue ReadingMajor South Korean bank KB Kookmin Bank is expected to launch a cryptocurrency custody service in the near future. According to a report from local news outlet Digital Today on…
Continue ReadingAs major central bank digital currency (CBDC) projects develop apace, it is becoming clear that not all digital coins will look, or even function the same way. A recent analysis…
Continue ReadingTech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, has become the first Indian business to use R3’s blockchain-based Marco Polo Network for conducting cross-border transactions. It said the…
Continue ReadingUnless you have your head in the sand, you’ve probably realized that governments and central banks can print money out of thin air and in unlimited amounts. The United States…
Continue ReadingThe spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over…
Continue ReadingAmid regulatory uncertainty for cryptocurrencies in Russia, a federal ministry introduced legislation that would legalize crypto and blockchain within a special regulatory environment. The Ministry of Economic Development of the…
Continue ReadingIn 2019, cryptocurrency and blockchain businesses saw more regulation than any year prior. G20 finance ministers, central bank governors, and regulators cracked down hard on the bitcoin industry. However, during…
Continue ReadingA cryptocurrency-friendly firm is having problems receiving money transfers. According to sources available to Cointelegraph, clients at Silvergate Bank have been experiencing issues with certain types of wire transfers since…
Continue ReadingSecurity token offering (STO) platform, Blockpulse, has obtained registration with the ACPR Bank of France. Blockpulse “registered at ACPR Banque de France with its partner, Lemonway, the leading European digital…
Continue ReadingWhile some Australian authorities recognize cryptocurrencies as a form of investment, digital assets like Bitcoin (BTC) are apparently not very popular as means of payment in the country. Australia’s central…
Continue ReadingAustralian blockchain firm, Chrono Tech, has been experiencing difficulties securing a banking partner amid the launch of an Australian dollar (AUD)-pegged stablecoin earlier this month. The AUD Token (AUDT), available…
Continue ReadingGrowing crypto adoption and the COVID-19 outbreak has encouraged Italy’s Banco Sella to launch a Bitcoin trading service The trading is conducted via the bank’s Hype platform, with the bank…
Continue ReadingIn its recent blockchain in banking report, Business Insider Intelligence indicated that financial institutions have mostly deployed the tech to improve payments, securities settlement, fraud detection security and trade finance.…
Continue ReadingChina Everbright Bank (CEB), a major commercial bank in China and one of the world’s largest public companies, is debuting a blockchain-based supply chain finance solution by Ant Financial. Ant…
Continue ReadingThe entire world has been focused on the economy as the coronavirus outbreak has devastated global markets. While stocks, commodities, and barrels of oil plunge in value, there’s been considerable…
Continue ReadingChuck Fried is the President and CEO of TxMQ, a technology consulting and integration company specializing in the financial services industry. He has more than 30 years of experience helping…
Continue ReadingMajor European financial institutions are jointly launching a blockchain-based platform for the investment fund industry. The system was initially incubated by the Luxembourg Stock Exchange and its affiliate Fundsquare, which,…
Continue ReadingThe Riksbank, Sweden’s central bank that started testing its own central bank digital currency (CBDC) in February, wants to host the digital currency innovation hub by the Bank for International…
Continue ReadingStandard Chartered has become the first bank to join TradeLens, the global blockchain shipping platform created by IBM and Danish logistics giant Maersk. The London-headquartered bank announced its decision on…
Continue ReadingEarlier this month, India’s Supreme Court delivered its verdict in a landmark case that promised to usher in a bullish era for cryptocurrency in the country. The Court ruled to…
Continue ReadingOver 20 banks in Chongqing China have used a trade finance platform powered by blockchain to process over $56 million in foreign trade transactions. It has completed a total $460…
Continue ReadingInitial findings show French international banking group BNP Paribas is blocking customers from sending funds to major crypto exchange platform Coinbase. The block seems to have been initiated this week,…
Continue ReadingCrypto software firm Zabo, which claims it can connect bank accounts directly to cryptocurrency wallets, raised $2.5 million to build out its engineering team and add new customers. The Dallas-based…
Continue ReadingOn March 5, South Korea’s National Assembly passed a revised bill on the reporting and use of special financial transaction information, focusing on the introduction of a permit system for…
Continue ReadingA blockchain trade finance platform developed by eight major banks, among them HSBC, BNP Paribas, and Citi, is now ready for commercial launch in Singapore in Q2 2020. Named Contour, the launch follows…
Continue ReadingThe Supreme Court of India has struck down the Reserve Bank of India’s (RBI) controversial ban on banks’ dealings with crypto-related firms. The court’s bench of Justices Rohinton Nariman, S…
Continue ReadingThe Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based…
Continue ReadingMajor crypto exchange Binance announced that their fiat on-ramp for Turkish Lira is live thanks to a partnership with major Turkish bank Akbank, Cointelegraph Turkey reported on March 2. Binance…
Continue ReadingCross-border payments do not appear to be a priority as countries all over the world to engage with their own digital currency projects, a new report says. While global governments…
Continue ReadingThe Central Bank of Brazil made some waves last week with its new instant payment system. While not blockchain-based, the new system, dubbed PIX, nevertheless is imbued with some of…
Continue ReadingYour bank, no matter how neo or how challenger, can’t bank Bitcoin (BTC). They could bank blockchain companies, adding value and providing services for the space, which would be good…
Continue Reading