Finnish Crypto Services Provider Prasos Loses 4 of 5 Banking Partners

Finnish bitcoin services provider, Prasos, has lost all but one of its banking partners. Prasos’ chief executive officer recently revealed that four Finnish banks have terminated services with the company, leaving Prasos reliant on a single bank. Also Read: Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of Fraud Finnish Banks Terminate Services With Prasos … Read more

Dutch Bank That Once Called Bitcoin ‘High Risk’ Considers Building Crypto-Wallet

A Dutch multinational financial provider, Rabobank has announced the possible introduction of a ‘cryptocurrency wallet’ tethered to the company’s banking services. The news follows the bank’s recent ‘high risk’ profiling of account holders that participated in bitcoin trading.  Also Read: Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange Rabobank Investigates the Idea of … Read more

Digital Currency Group Welcomes Bitcoin-Friendly Bank to the ‘DCG Family’

This week the ‘bitcoin-friendly’ financial institution Silvergate Bank sold 9.5 million shares that raised a sum of $114Mn USD during the common stock sale. Some of the capital injection was provided by the venture capital firm Digital Currency Group who welcomed Silvergate Bank into the company’s growing list of partners and subsidiaries. Also read: Indians Look … Read more

Spokesperson Confirms Bitfinex Is Client of ING

Major Dutch financial services company, ING, has confirmed that Bitfinex holds an account with the company in the Netherlands. The bank issued a statement regarding its relationship with Bitfinex after Dutch-language website Follow the Money published a report revealing that ING is providing financial services to Bitfinex last week. Also Read: Independent Ratings Agency Alerts Investors … Read more

PR: World Blockchain Forum Brings Global Blockchain Elite to Dubai

Dubai, UAE Following the historic response to sister event The North American Bitcoin Conference, held in Miami earlier this year, Keynote has released details of their World Blockchain Forum in Dubai, 16th and 17th April. The post PR: World Blockchain Forum Brings Global Blockchain Elite to Dubai appeared first on Bitcoin News. Go to Source … Read more

New Crypto Exchanges Launch in South Korea Despite Lack of Fiat Deposits

A number of new cryptocurrency exchanges are launching in South Korea despite being unable to provide full service due to regulatory challenges. Since the Korean government enforced the real-name system on cryptocurrency accounts, banks have only been providing fiat deposit services to the country’s four largest crypto exchanges. Also read: Japan’s DMM Bitcoin Exchange Opens for … Read more

US Financial Regulator Requests Crypto Trading Data From South Korea

The New York State Department of Financial Services has asked two South Korean financial authorities to share cryptocurrency-related data they obtained from their recent inspections of six major Korean banks. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies The US Wants South Korean Crypto Data The New York State Department of Financial … Read more

Cobinhood to Adopt Controversial Stablecoin Tether After Termination of Banking Services

Recently launched cryptocurrency service platform, Cobinhood, has announced that it has suffered a termination of services from its banking partners. In order to continue operating, the exchange announced on its homepage that it will replace USD trading pairs with USDT pairs during the coming week. Also Read: Vouching Bitfinex and Tether’s Bank Accounts Hold Nearly $3 … Read more