Malaysian Lending Giant CIMB Joins Ripple’s Cross-Border Payment Network
$53.5 billion market cap Malaysian lending giant CIMB signs on to integrate Ripple’s xCurrent cross-border payments solution Go to Source Powered by WPeMatico
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Malaysian MP Urges Gov’t to Create Regulations Before Approving Political Funding Coin
A Malaysian MP has urged the government to create appropriate regulations for digital currencies before approving the political Harapan Coin cryptocurrency project Go to Source Powered by WPeMatico
$5 Trln FX Settlement Giant CLS to Launch Blockchain-Based Netting Service ‘Within Days’
Forex exchange settlement giant CLS will launch its IBM blockchain-powered netting service within “a matter of days,” according to Chief Strategy Officer (CSO) Alan Manquard Go to Source Powered by WPeMatico
IBM Exec: CBDCs Can Alleviate Risks That Contributed to 2008 Financial Crash
The CTO of IBM Blockchain for Financial Services has said that CBDCs can help to mitigate the risks that contributed to the 2008 financial crash, among other major benefits Go to Source Powered by WPeMatico
Bank of America Wins Patent for Storing Clients’ Crypto Holdings in Enterprise Accounts
The Bank of America has won a patent for a system for enterprises to store customers’ crypto deposits Go to Source Powered by WPeMatico
Judge Rules in Favor of Canadian Bank in Dispute With Crypto Exchange
An Ontario Superior Court Judge has ruled with the Canadian Imperial Bank of Commerce in a dispute with a crypto exchange regarding $19.6 million in frozen funds Go to Source Powered by WPeMatico
Russia: Raiffeisen Bank, Gazprom Partner to Issue Bank Guarantee on Blockchain
The Russian branch of Raiffeisen Bank and major oil company Gazprom Neft have conducted a trade finance transaction via a blockchain-issued bank guarantee Go to Source Powered by WPeMatico
Australia’s Biggest Bank Trials Blockchain-Based ‘Smart Money’ for Disability Insurance
Australia’s largest bank and a government-run digital innovation lab have successfully trialled a blockchain-powered “smart money” system for disability insurance Go to Source Powered by WPeMatico
Japan’s Banking Giant MUFG Signs MoU to Develop Ripple-Based Remittances to Brazil
Ripple’s use for cross-border remittances could soon extend between Japan and Brazil Go to Source Powered by WPeMatico
Swiss Crypto Bank Startup Expects to Receive Banking, Securities Dealer License in 2019
A Swiss crypto startup will offer custodian bank functions and intends to receive an e-regulatory license in the first half of 2019 Go to Source Powered by WPeMatico