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Turkey Residents Panicking Over Massive Inflation

August 19, 2020

Rampant inflation is affecting Turkish residents’ confidence in the lira fiat currency. According to a Reuters report on August 14, locals are dumping lira and converting it to dollars and …

Banking

First Turkish-German Trade Finance Transaction on Distributed Ledger Technology

June 7, 2020

A major Turkish bank completed the country’s first-ever international trade finance transaction based on distributed ledger technology, or DLT. This adds another milestone to the country’s increasing blockchain efforts. İşbank, …

Banking

Main Barrier to CBDC Is Philosophy Not Tech, Says European Central Bank Rep

May 11, 2020

A number of countries such as China and Sweden are already experimenting with central bank digital currencies, which are also referred to as CBDCs. The implementation of this new type of money …

Banking

World Bank Digs Deeper Into DLT and FinTech for Financial Inclusion

April 14, 2020

Financial institutions all over the world are increasingly experimenting with emerging technologies like blockchain to streamline payment systems and achieve financial inclusion. In a new study, the World Bank has …

Banking

Samsung Partners With Israeli Fintech on Blockchain Solution for Merchants

March 4, 2020

Samsung SDS, the South Korean tech giant’s IT services subsidiary, has just announced a partnership with Israel-based fintech and smart payments provider Credorex. According to a report from The Korea …

Banking

Digital Money Foundation Laid, Blockchain In Banking Years Away

February 23, 2020

A recent report by a Major United States bank JP Morgan Chase suggested that current blockchain developments are lying down the foundation for digital money, but adoption is still years …

Banking

Mastercard CEO Reveals Why The Company Left Libra

February 3, 2020

Mastercard Chief Executive Officer Ajay Banga explained his concerns about Libra in a Feb. 3 interview with the Financial Times. He bashed Libra for its lack of transparency while arguing …

Banking

Six Major Central Banks to Collaborate on Digital Currency Research

January 21, 2020

The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland created a group with the Bank for International Settlements (BIS) to jointly research central bank digital …

Banking

Int’l Regulator Basel Committee Calls for Prudent Rules for Crypto

December 17, 2019

Global banking regulator Basel Committee on Banking Supervision (BCBS) calls for a conservative prudential treatment framework for crypto assets. The Basel Committee — which includes banking regulators from the United …

Banking

We’ll Allow More Control With Blockchain Payments

October 22, 2019

Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency in an interview with CNBC published on Oct. …

Banking

India’s Kerala Blockchain Academy Partners with R3 for Dev Education

August 28, 2019

The Kerala Blockchain Academy (KBA), a government initiative under the Indian Institute of Information Technology and Management, is now a general partner of R3. Local news outlet The Economic Times …

Banking

South Korea’s Shinhan Bank Developing a Blockchain Stock Lending System

August 3, 2019

South Korea’s oldest bank, Shinhan Bank, is developing a Distributed Ledger Technology (DLT)-enabled stock lending platform, local media Econonews reports on Aug. 1. Blockchain-based stock lending Per the report, Shinhan …

Banking

Palestinian Authority Considering Crypto to Replace Israeli Shekel

July 22, 2019

Palestinian Prime Minister Mohammad Shtayyeh reiterated that his government is considering using cryptocurrency as an alternative to the Israeli shekel fiat currency, English-language local media Al-Monitor reports on July 22. …

Banking

Dutch Bank ABN AMRO Launches Blockchain Inventory Tracking Platform ‘Forcefield’

May 20, 2019

Dutch bank ABN AMRO announced that it is launching a blockchain inventory tracking platform dubbed Forcefield in a press release published on May 17. Per the announcement, the platform is …

Banking

Saudi British Bank Launches Ripple-Powered Instant Cross-Border Transfer Service

April 26, 2019

Saudi British Bank (SABB) has launched an instant cross-border transfer service powered by Ripple, according to a news release on April 25. The bank said the technology, unveiled at the …

Banking

PR: BitCash Offers Fiat Banking Tools and Stability

April 16, 2019

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, …

Banking

Tata Consultancy Services Powers Blockchain-Based Cross-Border Securities Settlement

April 11, 2019

Indian IT services company Tata Consultancy Services (TCS) announced on April 10 that it carried out what it defines as the world’s first cross-border securities settlement between two central depositories …

Banking

Blockchain Mortgage Tech Startup Acre Software Raises $6.5 Mln From UK Financial Advisor

April 6, 2019

United Kingdom startup Acre Software raised about $6.5 million to apply blockchain technology to the mortgage and insurance application process for advisers, a press release published on April 4 states. …

Banking

Indian Crypto Exchanges Share What Sets Their P2P Platforms Apart

April 5, 2019

Many cryptocurrency exchanges in India offer some kind of peer-to-peer (P2P) trading. News.Bitcoin.com talked to several of them to find out what is unique about each platform, most of which …

Banking

United Arab Emirates’ Financial Authorities Host Crypto Asset and Fintech Forum

March 17, 2019

The United Arab Emirates Banks Federation (UBF) and the Abu Dhabi Global Market (ADGM) hosted a joint forum on crypto assets and fintech, the UAE’s official news outlet Emirates News …

Banking

Crypto Companies Still Run Into Trouble Opening Bank Accounts

March 3, 2019

Companies in the cryptocurrency industry still have trouble opening bank accounts, major financial publication Bloomberg reported on March 3. The report cites the complaint of Sam Bankman-Fried, CEO of quantitative …

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