According to the analysis platform MacroTrends, KB Monetary Group, the nation’s largest by web revenue, has around $520 billion in total assets as of September 2021. The bank plans to create cryptocur...
Tag: Bank
Korea’s largest bank to launch the country’s first crypto investment fund
advertisement Kookmin Bank, South Korea’s largest bank by net assets, plans to launch crypto investment products targeted at retail investors, according to an announcement. The bank has formed ...
Russian Finance Ministry Considering Central Bank Proposals in Regulation Plans
Russia’s finance ministry will consider proposals on cryptocurrencies from the central bank, on the condition they do not conflict with its own approach. Were the conflicting parties to find a resolut...
South Korea’s Kookmin Bank to Release Crypto ETFs
One of the leading financial institutions in South Korea – Kookmin Bank (KB) – intends to offer cryptocurrency exchange-traded funds (ETFs) and futures products to retail investors. If successful, it ...
South Korea’s KB bank set to launch a crypto investment fund
TL;DR Breakdown Kookmin Bank of South Korea is working on becoming the first in South Korea to provide crypto investment services to the general public. The bank goal is to create a crypto index fund ...
President of Central Bank of Peru Criticizes Crypto, Citing Lack of Intrinsic Value and Climate Change – Emerging Markets Bitcoin News
Julio Velarde, the president of the Central Bank of Peru, attacked the value of cryptocurrencies and referred to negative effects they are said to have on the environment. In a recent interview with l...
KB Bank to launch South Korea’s first crypto investment fund
Kookmin Bank is preparing to become the first bank in South Korea to offer crypto investment products to retail investors. KB announced on Feb. 21 that it had formed a Digital Asset Management Prepar...
Bank Of Jamaica Says It’s Ready To Roll Out The Jam-Dex CBDC
The Jamaican government says it is getting everything ready before launching its central bank digital currency (CBDC), called Jam-Dex. The Bank of Jamaica, in a press release this week, announced that...
Buterin claims stifling the use of bank accounts and crypto in Canada protests dangerous
Crypto usage and access to funds has been stifled in the Canadian truckers protests Crypto donations will be accepted by an American trucker to raise funds for the same Prime Minister Trudeau has inv...
SEC Warns Against Interest-Bearing Crypto Accounts — Says They’re Riskier Than Bank Deposits – Coinotizia
The U.S. Securities and Exchange Commission (SEC) has warned investors about the “risks with accounts that pay interest on crypto-asset deposits.” The warning coincides with the first enforcement acti...
Bank of America: ‘Recession Risks Rising,’ Putting Stocks at Risk Too
If you fear that interest-rate hikes by the Federal Reserve could push the economy into recession, you’re not alone. Bank of America (BAC) – Get Bank of America Corp Report has the same concern....
Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own Bills – Regulation Bitcoin News
The Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at regulating cryptocurrencies. The drafts will be presented for public discussions expected to continue un...
Bank of Zambia Expects to Complete CBDC Study in Q4 – Coinotizia
The Bank of Zambia has said it expects to complete its study seeking to determine the feasibility of launching a Central Bank Digital Currency (CBDC), before the end of the last quarter of 2022. Narro...
Russian Finance Ministry Submits Crypto Proposal but Central Bank Not Satisfied
Russia’s finance ministry submitted legislative proposals for cryptocurrency regulation to the government, which the Bank of Russia reportedly takes issue with. According to a document sent to the fin...
Why Deutsche Bank Says Bitcoin Could Become The New Gold
Mass adoption of bitcoin is just a matter of time, and as the world faces that fact traditional financial institutions are warming up to the digital coin. Deutsche Bank analyst Marion Laboure has stat...
Fed Restricts Central Bank Officials’ Stock And Crypto Trades After High-Profile Resignations
Topline The Federal Reserve on Friday adopted rules governing investments made by central bank officials, banning them from purchasing individual securities after a series of top officials resigned fr...
Bank of America thinks that Chainlink will be the driver for DeFi’s Growth
Bank of America mentioned in their research report that Chainlink could speed up the adoption of next-generation blockchain use. That use will include finance, gaming, gambling, and so on. Chainlink i...
Bank of Spain Approves Its First VASP License – Bitcoin News
The Bank of Spain, the central bank of the country, has recognized the first cryptocurrency platform that will be able to operate and provide officially approved services in the country. The first exc...
Opening The First Virtual Bank Lounge In Decentraland
A bold move can shape the future of a financial institution, and it looks like that is what JP Morgan just did with its move into the Metaverse. Financial institutions may be wary of cryptocurrencies ...
Binance exec to lead crypto expert center by Russian bank association
Amid Binance halting its services in countries like Israel over licensing matters, the world’s largest cryptocurrency exchange by trading volume continues strengthening relations with Russia. Binance ...
Big crypto critic invests a billion dollar in a crypto-friendly Bank
Crypto ecosystem has attracted several proponents with its tremendous potential. Simultaneously the industry also faces notable criticism across the globe. Where many billionaires found digital curren...
Bank of Russia Proceeds With Digital Ruble, Renews Push for Crypto Ban
In its letter, the Bank of Russia said that allowing non-qualified investors to trade cryptocurrencies through banks will create “an illusion of government protection” while encouraging pe...
Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank – Regulation Bitcoin News
It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The ...
Chainlink To Drive Mainstream Adoption Of Blockchain Tech, According To Bank Of America
Chainlink – a blockchain oracle service provider – now has over $60 billion deposited into smart contracts. A recent analysis from Bank of America claims that the network will drive blockchain adoptio...
Berkshire Hathaway Invests $1B in Brazilian Digital Bank Nubank, Reduces Mastercard, Visa Positions
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Crypto Hater Warren Buffett Invested $1 Billion In A Crypto-friendly Bank
Warren Buffett, who once said cryptocurrency is nothing more than a “rat poison,” now invests $1 billion in a digital bank, Nubank, located in Brazil. In particular, Buffet’s company Berkshire Hathawa...
Warren Buffett Dumps Visa and Mastercard over Bitcoin-Friendly Bank
Legendary investor and centibillionaire Warren Buffett doesn’t like cryptocurrencies such as Bitcoin and Ethereum. Still, Berkshire Hathaway, Buffett’s company, bought $1 billion of Nubank shares in t...
PBOC Reveals Central Bank Digital Currency Usage at Beijing Winter Olympics — 2 Million Digital Yuan per Day – Bitcoin News
The People’s Bank of China (PBOC), the Chinese central bank, has revealed how its central bank digital currency (CBDC) is being used at the Beijing Winter Olympics. A top PBOC official says, “It seems...
Southeast Asia’s Largest Bank (DBS) Is Launching Bitcoin Trading: Details
Tomiwabold Olajide Bitcoin trading services to launch on Southeast Asia’s largest bank (DBS) DBS Bank, Southeast Asia’s largest bank by assets, plans to provide Bitcoin and cryptocurrency ...
Central Bank of Jordan Exploring the Possibility of Launching a CBDC – Coinotizia
The governor of the Central Bank of Jordan recently said his institution is studying the possibility of launching a legal digital currency, one that will be linked with its national currency. He also ...
Bank of Russia Reports First Successful Digital Ruble Transfers Between Users – Finance Bitcoin News
Testing of the digital ruble has started in Russia with the country’s central bank announcing the first complete transactions between individual wallets. The monetary authority, a staunch opponent of ...