Bookmarking Crypto Insights
Auto Added by WPeMatico
MUFG, the fourth largest bank in the world, has had plans to develop its own cryptocurrency as early as 2016. Now, as local sources report, the MUFG coin is set to finally launch in FY 2018. #NEWS Go to Source Powered by WPeMatico
It is not only the individuals and the investors, banks and other financial regulators are deep in thought about this crypto mania. #ADOPTION Go to Source Powered by WPeMatico
South Korean banks have backtracked from their decisions to stop servicing cryptocurrency accounts as crypto investors protested and the government re-discussed its policy. The country’s 6 major banks have been told that they must follow through with the original plan and install the system that would end the anonymous trading of cryptocurrencies. Also read: South Korea … Read more
In a move that will have far-reaching implications, Metropolitan Bank Holding Corp. has halted all cryptocurrency related wire transfers, effective immediately. #NEWS Go to Source Powered by WPeMatico
The South Korean government has announced that cryptocurrency traders will be fined if they do not convert from existing virtual accounts, which allows for anonymous trading, to real-name accounts. Regardless of their service levels to crypto exchanges, banks have been ordered to implement the new system this month as planned. Also read: South Korea Urges 23 … Read more
Ukraine central bank is considering an e-hryvnia rather than national crypto, at least for now #NEWS Go to Source Powered by WPeMatico
Following the inspections of six major banks this week, South Korean regulators have uncovered some inadequate internal controls for handling cryptocurrency exchanges. Given the government’s strict rules, some banks have decided to stop providing services to cryptocurrency exchanges instead of overhauling their systems further to comply with the regulations. Also read: South Korea Urges 23 Countries, … Read more
Since Ripple’s recent boom, it has polarized the community with its centralized nature and its serving of the much-despised banking sector. #ANALYSIS Go to Source Powered by WPeMatico
Over two billion people in the world still do not have a bank account. How could Blockchain integrate unbanked people into the global economy? #BLOCKCHAIN Go to Source Powered by WPeMatico
South Korean regulators are seeking cooperation with counterparts from Beijing and Tokyo to address cryptocurrency speculation. Six commercial banks have been targeted by Seoul authorities inspecting crypto trading. Korean experience is to help a possible trilateral approach to regulation. Also read: Vietnam Expedites Cryptocurrency Legal Framework – Ready End of January “Trial-And-Error” to Shape the … Read more
