South Korean Banking Group to Launch Blockchain-Powered ID Verification Platform
South Korea’s commercial banking group to launch a blockchain-based customer ID verification platform in July Go to Source Powered by WPeMatico
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UK Financial Regulator Advises Banks on How to Manage Risks of ‘Crypto Assets’
The UK Financial Conduct Authority has issued guidance for banks on how to manage risks associated with crypto assets Go to Source Powered by WPeMatico
Huobi Partners with HBUS to Venture into the US Market
Huobi is set to launch a new digital currency marketplace in the US by partnering exclusively with HBUS. As reported by Finance Magnates on June 8, the Singapore-based exchange will seek to leverage its easy-to-use interface to compete with Coinbase and other leading US exchanges. In recent days, Huobi has made major moves, launching a … Read more
Coinbase Inches Closer to Listing Securities With Three Acquisitions
With the debate on which digital assets should be considered securities and which shouldn’t dominating the crypto universe in recent months, crypto exchanges are taking measures to align themselves with whichever way the law swings. Coinbase is leading in this race with a number of initiatives in recent months that include applying for a banking … Read more
South Korea Mulls Over How to Cash Out State-Owned Cryptocurrency
The South Korean government is mulling over how to cash out the cryptocurrency it recently confiscated. While the most likely option is to auction the coins off using the government-owned auction platform, various concerns have been raised. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Cashing Out BTC The South Korean government is contemplating … Read more
Six Major Banks in Chile Sued by Another Cryptocurrency Exchange
A local cryptocurrency exchange in Chile has reportedly filed a lawsuit against six major banks in the country for abusing their power and quashing its crypto payment business. This lawsuit follows another one filed in Chile against ten banks by a different crypto exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Six Banks … Read more
Switzerland Shows the Way: Bank First to Offer Crypto Business Accounts
Switzerland’s legacy bank, Hypothekarbank Lenzburg, announced this week it was accepting cryptocurrency related businesses as account holders, something many legacy financial institutions outright refuse. Long viewed as a progressive society way ahead of its time, the Swiss are once again leading, … this time it’s doing so in the crypto revolution. Also read: Fidelity Investments … Read more
BBVA CEO Expects Blockchain Tech to Take off in Five Years or Less
There are high expectations associated with blockchain technology. Not only do blockchains power all of today’s popular cryptocurrencies, but they will also make a splash in the financial sector. BBVA CEO Carlos Torres Vila is confident that distributed ledgers will make their mark within the next five years. The Financial Sector Needs Blockchain and Transparency … Read more
Coinbase Acquires Investment Firms to Offer Regulated Crypto Securities
Coinbase is seeking to become a fully licensed broker-dealer through its acquisition of three federally regulated firms. The company is confident that it will get the approvals necessary to start offering fully-regulated crypto securities. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Coinbase as Regulated Broker-Dealer One of the world’s largest cryptocurrency companies, Coinbase, … Read more
Circle to Seek Federal Banking Licensing with U.S. OCC
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
