Financial Services – Page 7

Georgian central bank prepares legislation to regulate the crypto market

The tiny nation in the Caucasus accounts for almost 1% of Bitcoin mining and has over $1 million in under regulated crypto turnover monthly.

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Goldman Sachs Executes Bank’s First OTC Crypto Transaction Trading a Bitcoin Non-Deliverable Option

On Monday, the multinational investment bank and financial services company Goldman Sachs disclosed it has conducted an over-the-counter (OTC) crypto transaction with the digital currency firm Galaxy Digital. Following the OTC settlement, the head of digital assets for Goldman Sachs’ Asia Pacific unit, Max Minton, said the firm was pleased to have executed the bank’s […]

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Dedicated crypto teams booming within traditional financial firms

As more and more financial giants set up crypto research teams, experts see this trend continuing to gain traction in the future.

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Deutsche Bank to Exit Russia, Says There Will Be No New Business There

Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted. Amid Ongoing War in Ukraine, Deutsche Bank Pulls Out of Russia Deutsche Bank, […]

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In defense of crypto: Why digital currencies deserve a better reputation

Crypto’s mainstream acceptance is almost already here, but many people still have unfounded fears we have to overcome.

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Swiss Crypto Bank SEBA Gets License to Operate in UAE Financial Center

The Swiss crypto bank, SEBA Bank, was recently granted a license to operate in the Abu Dhabi Global Market (ADGM), the UAE’s financial center. The license allows SEBA to conduct regulated services. SEBA’s Strategy The Swiss-registered digital asset bank, SEBA Bank, has been granted a license that allows it to operate in the UAE’s international […]

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Binance’s Paysafe deal worries UK financial watchdog

Binance lost access to the sterling payment network in July, however, the Paysafe partnership opened the gates to the restricted services.

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Bahrain Central Bank Completes Cross-Border Transfer Test Using JPMorgan Blockchain

The Central Bank of Bahrain (CBB), working in partnership with Bank ABC, recently announced it had successfully tested the transfer of funds across borders using JPMorgan’s JPM Coin. The test fulfills the central bank’s goal of creating safe and efficient settlement solutions for customers. Eliminating Inefficiencies in the Cross-Border Payment Arena With CBDCs Bahrain’s central […]

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Study: US Financial Advisors Expect Proportion of Crypto Holding Clients to Increase by 60%

According to the findings of a new survey, the number of financial advisors currently counseling crypto holding clients is expected to double from the current two out of ten or 20% to 44% by the end of 2022. Only Four Percent Expect the Number of Crypto Holding Clients to Decrease The number of financial advisors […]

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Tribal Credit raises $40M in ‘hybrid’ debt round funded by dollars and stablecoins

The company is pushing new use cases for blockchain payments through its partnerships with Bitso and Stellar Development Foundation.

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