Banks News

While one of the goals of cryptocurrencies is to render traditional banking obsolete, banks as a financial institution still play a critical role in the advent and adoption of the emerging crypto economy in two ways. 

Firstly, outside of a physical cash exchange for cryptocurrency, banks provide the fiat bridges to cryptocurrency markets. Without them, the influx of capital and interest in the blockchain industry would be nowhere near the magnitude it is today. 

Secondly, many of the world’s leading banks are researching and, in some cases, developing their own central bank digital currencies, or CBDCs, which aim to secure hegemony in the digital asset space largely in response to the growth of the crypto economy. 

As digital finance evolves before our eyes, banks as a commonplace financial organization may change drastically in their role and purpose in society — even if it leads to obsolescence.

News
Regulators are taking a hard look at crypto in Turkey, but local experts welcome the oversight.
Turkish finance ministry to study cryptocurrency with local regulators
Erhan Kahraman
2021-03-02T11:46:50+00:00
15731
News
Unicas is planning to open 50 banks in India by the end of the year, but a proposed bill banning crypto could complicate matters.
Crypto bank opens physical location in India's capital as potential regulatory ban looms
Turner Wright
2021-03-01T16:30:00+00:00
10238
News
Mainstream adoption is within Bitcoin's grasp, according to Citi analysts.
Bitcoin is at a ‘tipping point’ in international trade, Citi says
Helen Partz
2021-03-01T10:44:42+00:00
21341
Opinion
Over the last decade, crypto has weathered what feels like crisis after crisis. It’s time to think about what comes next.
Moving beyond the crisis narrative: Crypto in a post-pandemic world
Diogo Monica
2021-02-27T14:52:00+00:00
16929
News
Bordier & Cie partners with digital asset bank Sygnum to offer crypto trading to clients.
One of Switzerland’s leading banks now offers crypto trading
Brian Quarmby
2021-02-26T07:05:13+00:00
13504
News
With additional millions in funding, Anchorage looks toward scaling.
Anchorage set for growth following $80M fundraise
Benjamin Pirus
2021-02-25T18:07:10+00:00
4566
News
Stablecorp CEO Jean Desgagne said VersaBank's digital currency was intended to provide an alternative to concerns over volatility and security in crypto markets...
Canadian bank plans to launch dollar-backed digital currency 'in the coming months'
Turner Wright
2021-02-24T16:36:56+00:00
25655
News
A major government-owned bank, the State Bank of India, has become the first Indian bank to join JPMorgan’s blockchain network, Liink.
State Bank of India joins JPMorgan’s blockchain payments network
Helen Partz
2021-02-23T09:57:36+00:00
20306

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