The Bank of France Governor said that Facebook’s Libra must comply with anti-money laundering regulation and seek banking licenses if it offers banking services...
Banking News
Banking is any kind of business activity conducted by a bank, such as accepting deposits and creating credits, and other financial services. Banking is an old industry which has been around since ancient times. Banks in their current form (or at least similar to it) first appeared in Italy, during the period of Renaissance. Since then, banking has undergone many centuries of evolution, developing new kinds of services and financial techniques. Thanks to the advances in computer hardware and software over the past decades, a lot of banking is now done online.
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by Thomas Simms
Token says it will use the investment to develop its operating system and “accelerate new ways of innovating payments with digital money and ID solutions.”
- Analysis
Korean banks push for blockchain adoption as former high-level officials join the space.
- News
Spanish law enforcement arrested 35 people for allegedly counterfeiting banking cards and laundering the proceeds through bitcoin.
- News
Facebook hired Standard Chartered Bank’s head of public affairs Ed Bowles for its cryptocurrency project, dubbed “Libra.”
- Follow up
by Henry Linver
The Utility Settlement Coin (USC) project has the potential to disrupt the banking sector with crypto payments.
- News
Fintech startup SoFi — known for its online lending services — has seen three top executives depart from the company.
- News
Dutch bank Rabobank has reportedly canceled its plans to develop a cryptocurrency wallet.
- News
Dutch bank ABN AMRO announced that it is launching a blockchain inventory tracking platform dubbed Forcefield.
- News
Dutch bank ABN AMRO abandoned its plans to launch a custodial bitcoin wallet dubbed “Wallie” because of risk concerns.
- News
Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin USD Coin.
- News
Every PAX deposited on the company’s platform can now be immediately sent as USD to a bank account.
- News
by Thomas Simms
The Medici Bank comes more than 500 years after the original Banco de’ Medici and aims to “expand financial opportunity across global markets.”
- News
Dave Ramsden said that crypto assets are too volatile to be a store of value.
- News
by Thomas Simms
The Ripple-powered technology will initially use Indian rupees, but the bank plans to add both more countries and currencies in the future.
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