Unicas is planning to open 50 banks in India by the end of the year, but a proposed bill banning crypto could complicate matters.
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Category: Crypto Bank
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Indian crypto bank opens physical location, eyes 100 branches by 2022
India is now home to the world’s first physical crypto bank branch despite regulatory uncertainty surrounding virtual currencies in the country.
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MinePlex Creates CrossFi Crypto Bank by Combining Traditional Finances With Blockchain
PRESS RELEASE. The MinePlex platform announces the creation of a new mobile crypto bank for CrossFi industry that aims to combine the traditional financial instruments with blockchain technologies. The mobile crypto bank is supplied with the functionality that allows using cryptocurrencies in everyday life: paying for clothes, food, gadgets as well as for utilities, internet […]
The post MinePlex Creates CrossFi Crypto Bank by Combining Traditional Finances With Blockchain appeared first on Bitcoin News.
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Crypto Startup Avanti Receives License To Operate as National Bank in Wyoming
Crypto startup Avanti Financial Group has been granted a license to offer banking services by the Wyoming State Banking Board. The license, or bank charter, means Avanti can now operate as a conventional bank – but one with a twist, capable of holding both crypto and dollars. It plans to launch in 2021. According to […]
The post Crypto Startup Avanti Receives License To Operate as National Bank in Wyoming appeared first on Bitcoin News.
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Swiss Bank Julius Baer Offers New Digital Asset Services With Licensed Crypto Bank SEBA
Switzerland, a nation that’s been quite positive towards crypto business, is facilitating the integration between its traditional financial sector and the blockchain industry. With greater regulatory clarity and stability coming, established banks are plucking up the courage to offer digital asset products and services helped by local fintechs. Also read: Companies Keep Flocking to Swiss […]
The post Swiss Bank Julius Baer Offers New Digital Asset Services With Licensed Crypto Bank SEBA appeared first on Bitcoin News.
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The $100m Karatbars ICO Raises Questions Which Can’t be Answered
A growing list of cryptocurrency-themed projects has turned out to be complete scams. Most of those ventures are no longer around, although there are some exceptions. In the case of Karatbars, it seems things have begun to unravel in quick succession. The project is under investigation for a variety of reasons. Karatbars and its Gold Reserves Regulators in the US have taken offense to the Karatbars project. Not just because of its upcoming crypto bank venture, but also because there are a lot of factors which simply do not add up. The company behind this venture raised $100m through an
The post The $100m Karatbars ICO Raises Questions Which Can’t be Answered appeared first on The Merkle Hash.
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The Rise of Crypto Banks Begins in Switzerland
Switzerland aims to position itself as a European leader in the cryptocurrency world. This becomes apparent when looking at the adoption of crypto assets. Additionally, several banking licenses have been issued to what is referred to as “crypto banks” This is a clear sign the future of cryptocurrency looks somewhat promising. although no one should expect any miracles. . Switzerland Forge Ahead There are several reasons why Switzerland is such a prominent region for cryptocurrencies and blockchain. The country has a history as being a financial haven. The Swiss banking system is legendary all over the world. Additionally, it is
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