Banking News

Dutch bank Rabobank has reportedly canceled its plans to develop a cryptocurrency wallet.

Dutch bank ABN AMRO announced that it is launching a blockchain inventory tracking platform dubbed Forcefield.

Dutch bank ABN AMRO abandoned its plans to launch a custodial bitcoin wallet dubbed “Wallie” because of risk concerns.

Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin USD Coin.

Every PAX deposited on the company’s platform can now be immediately sent as USD to a bank account.

The Medici Bank comes more than 500 years after the original Banco de’ Medici and aims to “expand financial opportunity across global markets.”

Dave Ramsden said that crypto assets are too volatile to be a store of value.

The Ripple-powered technology will initially use Indian rupees, but the bank plans to add both more countries and currencies in the future.

Thailand’s largest commercial bank SCB and state oil company PTTEP have successfully tested blockchain use.

JPMorgan Chase’s Interbank Information Network is now used by more than 220 banks around the world

IT services company TCS announced that it carried out what it defines as the world's first cross-border securities settlement between two central depositories.

Private bank Kleinwort Hambros has launched an exchange-traded note made up of blockchain companies.

UK startup Acre Software raised about $6.5 million to apply blockchain technology to the mortgage and insurance application process for advisers.

Universal Protocol’s stablecoin Universal Euro will be pegged to the euro on a 1:1 basis and will allow holders to earn interest.

Bitcoin critic and general manager at the Bank for International Settlements advised against the issuance of CBDCs.