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One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about passing on negative rates.” Also read: Massive […]
The post Major German Coop Bank Passes Negative Interest Rates to Customers appeared first on Bitcoin News.
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The Supreme Court of India has confirmed a new date to hear the crypto case after multiple delays. During the last hearing, the court directed the Reserve Bank of India (RBI) to reply to crypto exchanges’ representation within two weeks, which the central bank has done. Also read: India’s Popular ‘Who Wants to Be a […]
The post Indian Supreme Court Sets Date to Hear Crypto Case Next Week appeared first on Bitcoin News.
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The crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their savings. The bank has 137 branches across India. Also read: RBI Ban Stops […]
The post Bank Raided, Arrests Made but RBI Still Restricts Withdrawals appeared first on Bitcoin News.
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Switzerland’s principal stock exchange now has seven cryptocurrency exchange-traded products (ETPs) listed. They allow investors to either gain exposure to individual cryptocurrencies or invest in portfolios of top cryptocurrencies. Four ETPs track the prices of single cryptocurrencies. Also read: New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals Crypto Index in Swiss Franc MV […]
The post 7 Crypto ETPs Now Trading on Main Swiss Stock Exchange appeared first on Bitcoin News.
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The effects of banking restrictions by the Reserve Bank of India (RBI) have reached an Indian police department. The police sold some cryptocurrencies they seized only to find out that they cannot access the Rs 8.42 crore (~$1.2 million) proceeds due to the current RBI banking ban. Also read: India’s Popular ‘Who Wants to Be […]
The post RBI Ban Stops Indian Police From Cashing Out Seized Crypto appeared first on Bitcoin News.
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Customers of a cooperative bank with 137 branches across India still do not know the fate of their money, which was restricted by the central bank. Evidence of alleged bank fraud has since surfaced, but the RBI still insists that India’s banking system is safe, despite many citizens being unable to withdraw their money. Also […]
The post New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals appeared first on Bitcoin News.
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Central bank digital currency has become a hot topic among finance ministers and central bankers worldwide, with some G20 countries ahead of the rest on work done toward issuing their own digital currencies. Experts have weighed in on their expectations of when the first G20 digital currency will be introduced. Also read: Central Banks Worldwide […]
The post How G20 Central Bank Digital Currencies Are Progressing appeared first on Bitcoin News.
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The Reserve Bank of India has relaxed the withdrawal limit of 1,000 rupees (approximately $14) it placed on a cooperative bank a couple of days ago. The central bank said it aims to reduce the hardship of depositors after many heavy protests followed its original order. Also read: Panic at 137 Bank Branches as RBI […]
The post Protests Led RBI to Raise PMC Bank’s Withdrawal Limit appeared first on Bitcoin News.
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Multiple joint projects between banks and crypto companies based in Switzerland now offer customers the opportunity to invest in digital assets and take advantage of banking services related to cryptocurrencies. It’s all happening in a regulated environment, generally friendly towards the growing crypto industry. The latest partnership between a traditional institution and a fintech startup […]
The post Swiss Banks Team With Fintechs to Enter the Crypto Space appeared first on Bitcoin News.
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The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers at some locations. Also read: Indian Parliament Member Helping Crypto […]
The post Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000 appeared first on Bitcoin News.
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