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Tag: Bank
Shinhan bank Opens Door to Corporate Crypto Accounts, Paving the Way for Institutional Adoption
As the first domestic lender on South Korean soil, Shinhan Bank has rolled out real-name corporate accounts to enable transactions from cash to crypto-based on its partnership with cryptocurrency exch...
Banks Are Being Fined By The Nigerian Central Bank For Allowing Cryptocurrency Transactions
The blockchain analytics platform, the continent’s most populated country, also has the highest share of retail users conducting transactions under $10,000. A customer of the United Bank for Afr...
Crypto May Surpass Stocks Amidst Potential Recession: Highlights Bank of America
Bank of America’s chief investment strategist has recently cited in a note that digital assets could outperform bonds and stocks amid a potential recession. The Bank of America was earlier...
KredX and ICICI Bank Issue Cash Back Card for B2B Payments
KredX partnered with ICICI Bank, to begin offering commercial card for B2B payments. The commercial card cash back provides businesses with the ability to instantly collect monetary rewards for B2B pa...
Namibian Central Bank Plans to Launch CBDC
Johannes Gawaxab announced that Namibia plans to launch CBDC Interest in privately issued cryptos has increased CBDCs do have financial stability implications Johannes Gawaxab, the legisla...
Russia’s Central Bank Slashes Benchmark Rate
European Union (EU) leaders formally agreed to ban coal Ruble Rebounds to Pre-War Levels Benchmark rates slashed from 20% – 17% In the midst of the Ukraine-Russia struggle, the Russian ruble has figu...
Nigeria’s Central Bank punishes 3 banks with a $1.9M Penalty for Crypto Transactions
Nigeria’s central bank punished three homebuyers for allowing cryptocurrency transactions. The action is in accordance with the Zenith Financial Institution’s 2021 round, in which the Central Bank of ...
Saxo Bank to Stop Providing Services to Russian and Belarusian Clients, Report Says
Danish financial firm, Saxo Bank has reportedly notified its Russian and Belarusian clients about the termination of services. According to a report published by RBC, the closure of services will take...
Bank of America is the latest major institution to deliver a grim warning for the future
Talk of a looming recession is rampant around the globe, and now a major U.S. bank has issued its own dire forecast for the global economy. It’s been over a month since Russia invaded Ukraine, leading...
Namibian Central Bank Announces Plan to Launch CBDC – Emerging Markets Bitcoin News
Johannes Gawaxab, the governor of the Bank of Namibia (BON), has said his organization is planning to launch a central bank digital currency (CBDC). The governor, however, warns the launch might have ...
Bank of America Warns of ‘Recession Shock,’ But Will Crypto Outperform?
Bank of America strategists warned in a recent weekly research note that the U.S. economy could be heading into a recession, as the Federal Reserve tightens its monetary policy to help curb what it ca...
Novel Crypto Product Offered by Australian Bank Runs into Regulatory Snag
Australia’s financial regulators have yet to approve plans by the Commonwealth Bank of Australia (CBA) to offer access to crypto products for its over 6.5 million customers. The regulatory watchdog sa...
Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels – Economics Bitcoin News
Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to prot...
Bank of America Strategist Warns ‘Recession Shock’ Is Coming, Analyst Says Crypto Could Outperform Bonds – Bitcoin News
On Friday, Bank of America’s (BOFA) chief investment strategist Michael Hartnett explained in a weekly financial note to clients that the U.S. economy could head into a recession. The BOFA strategist’...
Sarat Sethi: buy this big bank stock ahead of the earnings season
Wall Street banks are scheduled to report their quarterly results next week. Ahead of earnings, DCLA’s Sarat Sethi says Morgan Stanley (NYSE: MS) is the one in “big banks” to own rig...
Bank of America: coming “recession shock” possible boon for crypto
The macroeconomic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, Bank of America strategist...
Honduras Economic Zone Accepts Bitcoin As Legal Tender – What Now, Central Bank?
A special economic zone on a tourist-oriented island off the coast of Honduras has recognized bitcoin and other cryptocurrencies as legal tender, zone officials announced Friday. While the country’s c...
Stablecoins Present “Bigger” Economic Threat, Says India’s Reserve Bank
An Indian central bank governor said stablecoins presented a bigger threat to economic stability than other cryptocurrencies. He also cited a need for central bank digital currencies (CBDCs) to catch ...
South Korean Bank Opens First-Ever Corporate Crypto Account
South Korea’s Shinhan Bank has become the first local financial institution to issue cryptocurrency related accounts. The Bank released corporate won accounts to crypto exchange platform Korbit. Earli...
Nigerian Central Bank Sanctions Banks For Enabling Crypto Transfers
The sanctions are a part of CBN’s efforts to discourage cryptocurrency usage and to firmly establish commercial restrictions on cryptocurrency trading. The Central Bank of Nigeria (CBN) has penalized ...
FinTech head Varun Paul parts his way from The Bank of England
FinTech or financial technology head of the Bank of England, Varun Paul took part from his position. According to Paul, he has left to require a job at Fireblocks, ending a virtually 14-year stint at ...
National Bank of Georgia to Regulate Country’s Crypto Sector – Regulation Bitcoin News
The National Bank of Georgia is taking steps to regulate the crypto market in the Southern Caucasus country, its governor revealed in a recent interview. While companies in the industry are to expect ...
Bakkt Inks a Deal With American Bank to Offer Crypto Services – crypto.news
American bank has inked an deal with Bakkt to bring cryptos closer to its customers. The deal entails allowing customers to trade crypto assets on Bakkt through the bank’s financial systems. The partn...
Bakkt Signs Deal to Allow American Bank Customers Buy/Sell Cryptocurrencies
As per the deal, Bakkt will allow American Bank customers to buy, sell, and hold the two biggest digital assets – Bitcoin and Ethereum. On Wednesday, April 6, Bakkt – the crypto wing of Intercontinent...
Swedish central bank says it will be possible to integrate e-krona into banking systems
Sveriges Riksbank, Sweden’s central bank, said its second phase of testing CBDCs has proven that it would be possible to integrate a state-backed digital currency into the current banking system. The ...
Bank of England’s fintech chief says he has left to join Fireblocks
Varun Paul, the head of the fintech hub at the Bank of England, has said he has left to take up a role at Fireblocks, ending a nearly 14-year stint at the UK central bank. Although it is not yet clea...
American Bank to Enable Customers Buy Bitcoin and Ethereum via New Crypto Offering
Tomiwabold Olajide American Bank intends to use Bakkt’s teaching materials to provide cost-effective access to crypto Customers of American Bank, a locally owned community bank headquartered in ...
Bank of Russia Rejects Idea of Using Cryptocurrency to Circumvent Sanctions – Regulation Bitcoin News
The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary authority believes this is hardly an option as Western r...
Sweden’s central bank completes second phase of e-krona testing
The Swedish central bank’s digital currency project, a proposed CBDC, known as the e-krona has successfully finished its second phase of trials. According to Riksbank, the nation’s central bank,...
American Bank Inks Deal with Bakkt, Offering Trading & Holding of Tokens
To offer customers the option of accessing Bitcoin and Ethereum using their bank accounts, American Bank, a community bank headquartered in Allentown, Pennsylvania, has partnered with Bakkt. Through t...