ConsenSys to develop private version of Kakao’s Klaytn blockchain
A private version of Klaytn is in being developed in order to take part in South Korea’s CBDC pilot, to be launched later this year. Go to Source Powered by WPeMatico
Banks
Auto Added by WPeMatico
Report: Banking Giant Natwest to Refuse Service to Businesses That Accept Cryptocurrencies
The major retail and commercial financial institution National Westminster Bank (Natwest) has categorized cryptocurrencies as “high risk” and refuses to serve business customers who accept digital assets for payments. A Natwest board member, Morten Friis, explains the bank has no appetite for dealing with these types of customers as Natwest is taking a “cautious approach” … Read more
Former currency comptroller to become CEO of Binance.US crypto exchange
Former top U.S. banking regulator Brian Brooks is joining the U.S. affiliate of the world’s largest cryptocurrency exchange as its new CEO. Go to Source Powered by WPeMatico
Turkey to ban cryptocurrency payments
Turkey’s central bank is also banning payment providers from offering fiat-to-crypto onramps for cryptocurrency exchanges. Go to Source Powered by WPeMatico
Nearly 75% of professional investors see Bitcoin as bubble: survey
Bank of America asked 200 professional investors with $533 billion in assets under management about their opinions on Bitcoin. Go to Source Powered by WPeMatico
European Investment Bank reportedly to issue bonds with blockchain tech
The EIB has reportedly hired banks like Goldman Sachs and Societe Generale to explore a digital bond, registered and settled via blockchain. Go to Source Powered by WPeMatico
State Street to provide tech for institutional Bitcoin trading platform
State Street-owned FX platform Currenex will provide its infrastructure for the Pure Digital cryptocurrency exchange. Go to Source Powered by WPeMatico
Citi and IADB complete cross-border payment pilot with blockchain tech
IADB disbursed tokenized funds to a recipient in the Dominican Republic using the LACChain blockchain network. Go to Source Powered by WPeMatico
Digital yuan campaign planned for contested island in the South China Sea
Participants will receive a discount for every central bank digital currency expenditure worth 100 yuan. Go to Source Powered by WPeMatico
JPMorgan Boss Says ‘Emerging Issues’ Like Cryptocurrencies ‘Need to Be Dealt With Quickly’
JPMorgan’s boss Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are “playing an increasingly smaller role in the financial system” and there’s a list of items like digital currencies he’s named that needs to be “dealt … Read more