Singapore: Regulator Plans to Smooth Over Banking Ties With Crypto Businesses
Banking support for crypto businesses on radar of Singapore’s financial regulator Go to Source Powered by WPeMatico
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Canadian Crypto Crypto Exchange QuadrigaCX Blames Major Bank for Delays
Canadian crypto exchange QuadrigaCX has blamed a major bank for its inability to access $21.6 million of its funds Go to Source Powered by WPeMatico
‘Crypto Fund’ Approved to Manage Cryptocurrency Investments in Switzerland
Emerging Swiss virtual currency fund, Crypto Fund AG, said on Tuesday it had been given an asset management license by the Financial Market Supervisory Authority (Finma). The license allows the company to manage crypto-related investments within Switzerland and to solicit for others elsewhere. Crypto Fund will also be authorized to provide investment advice to corporate … Read more
Crypto Exchange Bitfinex Denies Rumors of ‘Insolvency’ and ‘Banking Issues’
Major crypto exchange Bitfinex has responded to a recent swathe of online rumors, denying that the exchange is “insolvent” or facing banking issues Go to Source Powered by WPeMatico
‘Huge Cash Flows’: Lithuania Voices Concern Over ICO, Crypto Trading
Crypto-to-fiat transactions over €80,000 under investigation by Lithuanian regulators. Go to Source Powered by WPeMatico
Tax Evasion Spotlighted as Swiss Banks Start Sharing Client Data
Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. Swiss bank accounts have long been stereotyped as enablers of … Read more
European Banks Facilitated Large Crypto-Fiat Deals, Probe Finds
Several financial institutions in Europe, like Danske Bank and Swedbank, have been mentioned in a Lithuanian report investigating large-scale crypto-fiat transactions that took place in the past two years. Some of the banks’ clients traded digital coins worth millions of euros and the Baltic nation’s financial crime combating agency wants to know where the first … Read more
Ahead of Traditional Banking: How Africa Employs Blockchain For Financial Inclusion
Sierra Leone is on a mission to build a national blockchain-powered credit bureau — and show how Africa might tackle financial exclusion Go to Source Powered by WPeMatico
Japanese Financial Giant SBI and Ripple Launch Blockchain Payment App in Japan
‘MoneyTap,’ a consumer-focused blockchain payments app co-developed by Ripple and Japanese financial services giant SBI Holdings, has now gone live Go to Source Powered by WPeMatico
Frictionless Commerce: A Story of How Easy It Is to Start Accepting Bitcoin Cash
Earlier this week news.Bitcoin.com received an email from an e-commerce shop owner who was having lots of issues dealing with traditional payment providers. Many of the problems stemmed from him not having a formal address and having bank accounts in different countries. However, the owner of store Bohemianbeachstyle.com quickly found out about Coinbase Commerce and … Read more