Banks may be bound to stop working with social media giant Facebook if the firm launches its Libra stablecoin, according to ING CEO Ralph Hamers.
Banks News
A bank is a financial organization that generates revenue by charging interest on lent capital, transaction fees and giving financial advice. The banking sphere is subject to strict governmental regulations, as it is one of the most significant agents in the financial system. Commercial banks are involved in a wide variety of activities, from personal banking and consumer finance to foreign exchange and money market trading. The World Bank is an organization with the aim of reducing poverty and helping underdeveloped countries with economic development. The World Bank Group includes five organizations, with one of them being International Bank for Reconstruction and Development (IBRD), which is often confusingly referred to as the World Bank. Modern times have reduced the barriers of global competition of banks all over the world and has made the banking sphere more and more globalized.
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Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency.
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IFinex, the parent company of major cryptocurrency exchange Bitfinex filed a discovery application to recover $880 million in funds.
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Finance Minister Nirmala Sitharaman has said that India — like many others, in his view — is showing a high degree of caution in regard to Facebook’s Libra.
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by Joeri Cant
A new partnership for cross-border payments and remittances will use the National Bank of Cambodia’s blockchain-based payment system.
- Analysis
by Julia Magas
Enterprise Ethereum Alliance’s reputation system: Why do banks want to reward employees with tokens?
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by Helen Partz
Huobi has launched a fiat onramp for the Turkish Lira that will allow users in the country to trade cryptocurrencies on Huobi Global.
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by Jack Martin
Raiffeisen Bank participates in the first successful global tokenized collateral trial.
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by Helen Partz
CIMB Singapore has completed its first blockchain-based trade financing transaction.
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The Federal Reserve’s Lael Brainard says Libra could pose risks to consumers due to ambiguity over their rights.
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by Joeri Cant
The deputy governor of Banque de France said that central banks really only have three available options to address cryptocurrencies: ignore, ban or adopt.
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The Supreme Court of India has postponed a hearing on the Reserve Bank of India’s circular banning banks from rendering services to crypto-related businesses.
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Major bank HSBC carries out what it claims to be the first blockchain letter of credit to be enacted in Malaysia.
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Firms like Facebook should be involved in projects like stablecoin Libra, according to Bank of England governor Mark Carney.
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by Joeri Cant
The Dubai Chamber of Commerce and Industry has signed a memorandum of understanding with Emirates NBD for blockchain-based trade finance.
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