Alleged attempts to bring Binance CEO CZ on as anchor shareholder in a troubled Liechtenstein bank have reportedly been blocked by regulators.
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.
It is high time for traditional financial institutions to see that the crypto industry has matured enough and does not possess high risks.6102
We’re suddenly seeing banks lining up to support crypto custody, and KB Kookmin Bank is looking to get in on the action.18942
Shortly after Russia’s president, Vladimir Putin, signed the country’s recent cryptocurrency law, the country’s largest bank voiced its considerations.6910
United States Representative Tom Emmer is confident about the bright future of Bitcoin and blockchain technology.4485
Swiss cantonal bank Basler Kantonalbank becomes the first bank in Switzerland to announce its crypto plans.4966
A number of crypto businesses and non-profits have written to the main banking regulator in the U.S. asking for banks to have more authorization to deal with crypto.4897
Global payment processors Mastercard and Visa are laying the foundations for crypto support that may drive adoption on a global scale.20729
Paxful has released data showing growing usage of its peer-to-peer trading platform in Russia.4417
Laundering money with Bitcoin is actually an ineffective strategy because of its complexity and high risk.3368
The United Arab Emirates is debuting a blockchain-based Know Your Customer, or KYC, platform.8793
Acting Comptroller of the Currency Brian Brooks points to existing stablecoin projects as an example for U.S. payments infrastructure.4768
Digital payment platforms add more cryptocurrency features for U.S. customers, but will big banks take the lead?9427
Wirecard has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the FBME bank in Cyprus.9676
China’s digital yuan looks to be scaling smoothly but its core political slogan may disrupt further development.3551