Even as cryptocurrencies become more widespread and authorities around the world seek ways to incorporate them into their countries’ operations, Argentina’s central bank has gone the opposite way and ...
Tag: Banks
Argentina’s Central Bank Prohibits Banks from Offering Crypto Services
Argentina’s central bank on Thursday clarified in an announcement that regulated financial institutions within the country cannot facilitate clients to carry out operations with digital assets. This n...
Argentina’s central bank blocks crypto trading from the country’s biggest banks
Argentina’s central bank has blocked the offer of two of Argentina’s biggest banks just a few days after they were permitted to begin crypto trading. The central bank of Argentina (BCRA) h...
Despite the Fed’s big rate hike, most banks won’t pay much in interest
Jerome Powell, Federal Reserver Governor. Katie Kramer | CNBC The Federal Reserve just raised its benchmark interest rate by half a percentage point, its largest such move in more than two decades, as...
Watch Governor Andrew Bailey speak after the Bank of England’s rate hike
[The stream is slated to start at 08:00 ET. Please refresh the page if you do not see a player above at that time.] Bank of England Governor Andrew Bailey is speaking at a press conference following t...
Two Leading Argentine Banks Add Support for Bitcoin and Altcoins – crypto.news
Argentina’s Banco Galicia and Brubank SAU have added support for bitcoin (BTC), ether (ETH), and USD Coin (USDC), enabling customers to purchase the digital assets with the Argentine peso right from t...
Saxo Bank’s April FX Trading Volume Plummets by 17%
Denmark-headquartered Saxo Bank has published the trading metrics for April 2021, reporting a significant correction in trading market demand, at least on its platform. The total month trading volume ...
Klarna to report buy now, pay later data to UK credit bureaus
Buy now, pay later giant Klarna says it will start reporting data on customers’ usage of its products to credit bureaus in the U.K., gearing up for incoming regulations aimed at reining in the s...
Fourth straight rate hike expected as inflation soars
LONDON, February 03: Governor of the Bank of England Andrew Bailey leaves after a press conference at Bank of England on February 3, 2022 in London, England. The Bank is expected to hike interest rate...
Two Argentina-based banks add crypto trading to their platforms
Two banks in Argentina have launched crypto trading features on their platforms. Banco Galicia, one of the largest private banks in Argentina, confirmed on social media today that it has added a crypt...
Two Argentinian Banks to Reportedly Launch Crypto Trading Services
Two banks in Argentina will be allowing their clients to purchase cryptocurrencies via their official websites. The pair are Banco Galicia – the nation’s largest private bank in terms of market value,...
Two largest banks in Argentina set to start supporting cryptocurrencies
The two largest banks in Argentina, Banco Galicia and Brybank, have announced plans to allow their customers to make cryptocurrency purchases. Such endorsement could be a major turning point for crypt...
Banks Bow to Public Pressure For Crypto
Two banks in Argentina are to offer cryptocurrency services to clients as a result of overwhelming public demand. Banco Galicia, the country’s biggest bank by market value, and digital bank Brubank, w...
Argentina’s largest private banks now support crypto trading
In Argentina, cryptocurrency is not a legal currency, although it has been used as a regional standard in the cryptocurrency industry. To safeguard inflation and avoid restrictions on the export of fo...
Argentina’s largest two banks to allow crypto trading
Argentina’s largest and second-largest private banks, Banco Galicia and Brubank, have announced that they will allow customers to make crypto purchases. Bloomberg reported on May 2 that a resounding 6...
Goldman Sachs CEO David Solomon says in-person attendance tops 50% after return-to-office push
Goldman Sachs CEO David Solomon‘s campaign to summon more of his employees back to the office is a work in progress that could take years, he said. In-person attendance at U.S. offices is betwee...
Which Banks Manage the USD Reserve Backing Your TrueUSD?
Stablecoins have maintained a strong growth momentum against the occasionally frustrating crypto market. Recently, the TUSD-TRX pool on the decentralized trading platform SunSwap has yielded up to 12%...
These Banks Manage the Dollar Reserve Backing This Stablecoin
Stablecoins have maintained a strong growth momentum against the occasionally frustrating crypto market. Recently, the TUSD-TRX pool on the decentralized trading platform SunSwap has yielded up to 12%...
TrueUSD Names Five Banks Holding the Stablecoin’s USD Reserve
TUSD is currently in collaboration with five banks. Partner banks provide a safeguard for TUSD’s asset security. TUSD is now audited by auditing firm Armanino. Stablecoin TrueUSD (TUSD) named five of ...
Dukascopy Bank’s Profit Decreases in 2021
Dukascopy Bank, a Swiss financial trading services provider, recently published its financial metrics for 2021. The online trading platform reported a decrease in its net profit as the figure dropped ...
Banks Don’t Need Extra Crypto Protections Yet, EU Regulator Says
“The EBA considers it premature to introduce new macroeconomic tools to address the systemic aspects of these risks at this stage,” the EBA said. “The EBA emphasizes the need for monitoring of the cry...
Bank stocks, once a Buffett favorite, take a back seat at Berkshire Hathaway
Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett has begun to unleash Berkshire Hathaway‘s massive cash stockpile in recent weeks, snapping up an ins...
EU banks’ direct banking sector exposure to Russia slows
On April 28, the Bank of International Settlements (BIS) released the international banking statistics and global liquidity indicators for the end of December 2021. Some key takeaways include that cro...
Ridiculous to think we can stop fossil fuel production immediately: CEO
Fossil fuels are ingrained in the global energy mix and companies continue to discover and develop oil and gas fields at locations around the world. Imaginima | E+ | Getty Images LONDON — The CEO of S...
Indian banks seek NPCI’s guidance on using UPI for crypto transactions
Indian banks have approached the National Payments Corporation of India (NPCI), the body in charge of the country’s digital payment and settlement system, to get clear instructions on using the Unifie...
Banks can use Blockchain in these ways!
Today, the traditional financial system of any country in the world is under threat. It is not because cryptocurrencies will run over them but because they are outdated. The banking system feels very ...
Best Crypto-Friendly Banks in the US and Worldwide
Undoubtedly, the emergence of blockchain technology, and its scion cryptocurrency, has altered traditional banking as we knew it. Increasingly, customers have embraced digital assets, forcing banks to...
Indian Banks Seeking Clarity from NPCI on the Use of UPI for Crypto Transactions
Banks in India have reached out to the National Payments Corporation of India (NPCI) – a government agency under India’s Central Bank Reserve Bank of India in charge of operating retail payments and s...
Indian Banks Questions With Formal NCPI Note Regarding Crypto UPI Ban
In the light of recent events concerning the curb on the Unified Payments Interface on cryptocurrencies, leading banks have now asked for a formal directive from the National Payments Corporation of I...