Mike Mayo of Wells Fargo Says ‘We Are Living in the Golden Decade of Banks and Technology’
Wells Fargo analyst Mike Mayo predicts that technology will enable efficiency for banks this decade Go to Source Powered by WPeMatico
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Turkish Bank’s Blockchain Platform for Digital Gold Transfers Goes Live
Major Turkish bank Takasbank has launched its blockchain-based gold transfer platform Go to Source Powered by WPeMatico
South Korea Forms Task Force for Central Bank Digital Currency Research
The Bank of Korea will organize a task force dedicated to central bank digital currency research in 2020 Go to Source Powered by WPeMatico
Russia’s Central Bank Is Now Testing Real Asset-Pegged Stablecoins
Russia’s central bank starts testing stablecoins and doesn’t assume that they will act as a payment method and become a substitute of money Go to Source Powered by WPeMatico
China Issuing Bonds on Blockchain Is a Sign of What’s to Come
No country has a stiffer policy on blockchain than China, so the country’s latest issuance of bonds on its decentralized system raises eyebrows Go to Source Powered by WPeMatico
Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches
With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one of the country’s largest banks, is now under investigation for millions of purported violations of … Read more
How Crypto Exchanges Are Tackling Poverty
Developing countries can rely on technology that stands behind crypto to improve their economies Go to Source Powered by WPeMatico
Private Payment System for Central Bank Digital Currency Possible, Says ECB
New research from the European central bank claims that a central bank digital currency system that protects user privacy is possible Go to Source Powered by WPeMatico
Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year
According to the blockchain analysis firm Ciphertrace, major U.S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered cryptocurrency transfers. Also read: US to Strictly Enforce Crypto Rules Similar to FATF Guidelines All … Read more
Int’l Regulator Basel Committee Calls for Prudent Rules for Crypto
The Basel Committee on Banking Supervision calls for conservative treatment of crypto assets Go to Source Powered by WPeMatico