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Blockchain will significantly reduce costs for transaction banking, if implemented correctly, says global management consultancy Bain & Company Go to Source Powered by WPeMatico
Major Latin American bitcoin exchange, Buda, recently suddenly become the subject of a banking embargo in Colombia, according to local reports. Buda similarly experienced the termination of its Chilean banking services in March of this year. Also Read: Six Major Banks in Chile Sued by Another Cryptocurrency Exchange Buda Suffers Termination of Banking Services in Colombia … Read more
Boston-based crypto-focused financial services firm Circle plans to seek a federal banking license to diversify the services it offers to its users. According to a Bloomberg report yesterday, the firm also plans to pursue licensing as a brokerage and trading venue to facilitate the sale and purchase of digital assets which may be categorized as … Read more
Swiss bank Hypothekarbank has become the first bank in the country to provide crypto companies with business accounts Go to Source Powered by WPeMatico
Circle Internet Financial Ltd has revealed that it is currently seeking to obtain a federal banking license with the U.S. Office of the Comptroller of the Currency (OCC) in order to expand the services available to the company’s customers. It also hopes to pursue registration with the U.S. Securities and Exchange Commission (SEC) as a … Read more
Bittrex has finally introduced fiat currency support. The US exchange, which was established in 2013, subsisted with tether as its USD surrogate until recently, before adding another stablecoin, TrueUSD, a couple of months ago. Around the same time, its CEO Bill Shihara revealed that the platform would be adding USD pairs and today they went … Read more
A small bank from Argentina, Banco Masventas, announced this week that it’s allowing customers to make settlements using BTC as a payment rail. Argentina Banco Masventas says the firm partnered with the exchange Bitex, and believes the service will reduce costs associated with international transfers. Also Read: Tim Draper Advises Argentina’s President to Invest in Bitcoin … Read more
From scoffing at crypto to racing to be first to market with a crypto trading desk, fiat institutions have certainly changed their tune. Goldman Sachs, Morgan Stanley, Barclays, CBOE and others now all see a lucrative market Go to Source Powered by WPeMatico
RBI’s ban on crypto-related banking services has been challenged again. Maharashtra-based Flintstone Technologies has turned to the High Court in Delhi to seek withdrawal of the April 6 circular issued by the Reserve Bank of India, calling it “arbitrary, unfair and unconstitutional.” The company points out that the central bank has not provided any reasons … Read more
A global study of cryptocurrency purchases made by users of Visa, Mastercard, and Unionpay cards shows that 89% of respondents are knowledgeable about crypto and 53% have purchased some in the past 12 months. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space A Global Study Global payment service provider Worldcore reportedly conducted a study … Read more
