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Dutch multinational ING considers entering DeFi lending industry
The financial services company is only considering non-volatile assets as collateral in its DeFi lending solution that’s under development.
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Crypto Travel Rule Working Group Launches 2.0 Protocol ‘Solving the Discoverability Problem’
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How G20 Central Bank Digital Currencies Are Progressing
Central bank digital currency has become a hot topic among finance ministers and central bankers worldwide, with some G20 countries ahead of the rest on work done toward issuing their own digital currencies. Experts have weighed in on their expectations of when the first G20 digital currency will be introduced. Also read: Central Banks Worldwide […]
The post How G20 Central Bank Digital Currencies Are Progressing appeared first on Bitcoin News.
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Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner, JP Morgan’s asset management arm, and the operator, Mediterranean […]
The post Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels appeared first on Bitcoin News.
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1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme
A new set of reports by the Organized Crime and Corruption Reporting Project, compiled from over 1.3 million leaked transactions from 238,000 companies, have linked many major banks to a scheme to channel billions of dollars out of Russia. The Troika Laundromat is unique in that “it was created by a prestigious financial institution.” Also […]
The post 1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme appeared first on Bitcoin News.
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Bitfinex Partnered With at Least 6 Different Banks During 2018
22 months since Wells Fargo suspended the processing of withdrawals sent by four Taiwanese banks that service Bitfinex, the platform remains among the top 20 exchanges by adjusted volume. While Bitfinex hosted more than $5 billion in trade this past month, the exchange has struggled to establish reliable banking partners, with traders seeking to deposit […]
The post Bitfinex Partnered With at Least 6 Different Banks During 2018 appeared first on Bitcoin News.
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Netherlands’ Largest Bank ING Group Fined $900M for Money Laundering
This week Dutch authorities revealed to the public that the Netherlands’ largest financial services provider, ING, had violated numerous money laundering laws because they didn’t scrutinize unusual transactions and certain accounts. Also Read: Public Anger Forces Bank CFO to Quit Over Huge Money Laundering Affair Netherlands’ Largest Bank Admits: “ING Clients Used Their Bank Accounts for […]
The post Netherlands’ Largest Bank ING Group Fined $900M for Money Laundering appeared first on Bitcoin News.
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ING Experts Present a Bullish Outlook for Cryptocurrency Adoption
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Interest in Bitcoin Set to Double in Europe, New Survey Suggests
People hear and know more about cryptocurrencies with every passing day, and according to a new survey, interest in Bitcoin is expected to increase twofold in Europe. The poll gauges the awareness of cryptocurrencies and the expectations for their future. The research covers over a dozen European nations, but also the United States and Australia, […]
The post Interest in Bitcoin Set to Double in Europe, New Survey Suggests appeared first on Bitcoin News.
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