Taiwan issues three new virtual banking licenses
Taiwan is hoping to set up new competition in the Asia digital currency scene with the licenses.
Latest bank News
FairX crypto banking firm shuts down after running out of money
FairX has been forced to shutter its doors and turn off the lights as it wasn’t able to receive the funding it needed to be classified by the US Federal Deposit Insurance Corporation.
Bitcoin Suisse seeks Swiss banking license
Bitcoin Suisse wants an official banking license to join the regulated crypto landscape of Switzerland.
Bank asks Tether to close its accounts
Metropolitan Commercial Bank based in New York has contacted Tether and requested that it close its accounts.
Italian banks to use blockchain to improve efficiency
After much study, Italian banks are ready to move forward with blockchain technology to cut the bureaucratic tape.
Santander’s appeal against Mercado Bitcoin rejected
A Brazilian court has ruled that banks need justified reasons to shut down accounts, and merely trading in cryptos doesn’t count.
Shinhan Bank launches national blockchain-based loan platform
Shinhan Bank doesn’t believe much in cryptocurrencies, but they’re now pushing blockchain technology for their lending platform.
Banks get a new blockchain platform for promissory notes
DekaBank, dwpbank, DZ Bank, and Heleba have joined up to introduce a Finledger blockchain platform.
Dutch Central Bank executive wants to push for new technologies
Petra Hielkema believes central banks around the world need to explore new technologies, like blockchain, to keep their security at acceptable levels.
Indian banks look for ways to implement blockchain for payments
The National Payments Corporation of India is thinking of implementing blockchain technology with its digital payments system to help it become "the best payments network globally."
Crypto trading bank opens in Puerto Rico
San Juan Mercantile Bank & Trust International announced they have accepted their first client deposit of cryptocurrency, a month after their trading platform gained approval.
Banks paid $243B since last crisis, so why is crypto the bad guy?
Records showed banks have been fined $243 billion since the financial crisis a decade ago, with the majority of fines centering on “dirty money” activity.