Swiss Bankers Ease Access for Crypto Startups to Prevent Mass Exodus
As crypto-related startups began to leave Switzerland, local bankers are trying to establish a dialogue, issuing detailed guidelines Go to Source Powered by WPeMatico
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Major Russian Banks Highly Interested in ‘Working With Crypto,’ Local Sources Say
Major Russian banks admit high demand for crypto, even as a lack of clearly defined regulations prevents them from entering the market, local sources report Go to Source Powered by WPeMatico
Poland’s Top Bank to Launch Blockchain Platform for Document Management Within ‘Days’
Poland’s largest bank, PKO Bank Polski to start issuing documents using Go to Source Powered by WPeMatico
Brazil’s Biggest Banks Under Investigation For Monopoly In Cryptocurrency Trade
Some of Brazil’s biggest banks have come under investigation for alleged monopolistic tendencies in the trade of bitcoin and other cryptocurrencies. The Administrative Council for Economic Defense, a transparency and competition body, accuses the financial institutions shutting down accounts of brokers trading cryptocurrency without merit. Also read: Zimbabwe’s Golix Battles To Grow Volume After Breaking Into … Read more
US Financial Giant PNC to Use Ripple Technology for International Payments
PNC, rated one of top ten U.S. banks, will use Ripple-powered xCurrent for business customers’ transactions Go to Source Powered by WPeMatico
Major Banks, Industry Players to Launch Blockchain-Based Commodities Platform
Major global banks and industry players have launched a joint Swiss-based venture that will oversee a new blockchain-based platform for financing commodity trading Go to Source Powered by WPeMatico
Reuters: Brazil’s Antitrust Agency Launches Probe Into Major Banks Regarding Crypto Trade
Brazil’s antitrust regulator has reportedly launched a probe into six major banks on allegations of monopolistic behavior in an attempt to corner the crypto market Go to Source Powered by WPeMatico
China’s Central Bank Warns Investors of ICO, Crypto Risks
China’s central bank issues yet another stark warning to investors against the risks associated with “illegal” ICOs and crypto trading Go to Source Powered by WPeMatico
More Banks Sanctioned for AML, Fraud-Related Violations
When societies discuss cryptocurrencies, the argument that the decentralized and unregulated nature of the crypto space leaves the door open to abuse, like money laundering and financial fraud, is often put forward by officials and authorities. However, a string of cases involving precisely these sins, and many, many banks, show that regulations are largely ineffective … Read more
BBVA Executive: Cryptocurrencies Are ‘Perfect,’ But Often Used for Illicit Activities
Though cryptocurrencies are “perfect”, they have to be better understood, as the world is going through a “digital revolution”, BBVA executive chairman says Go to Source Powered by WPeMatico