South Korea's regulatory board is eyeing sanctions against financial institutions linked to illicit forex transactions to safeguard its digital assets market following intense scrutiny among banks.
Spain's second largest bank, Banco Bilbao Vizcaya Argentaria, will support digital currency buying, selling, and custody in 2021.
Fourteen banks in Singapore are teaming up to create a digital trade registry to serve as a central database for accessing records of trade transactions.
Germany is implementing policies and regulations for the space and encourages other countries to follow suit, especially those in the European Union.
Bantotal is giving banks an easier option to facilitate cross-border payments, and that solution is coming from the power of blockchain technology.
Bankenverband, which represents German private banks, cited a number of concerns over existing regulations, which it suggests are unable to adequately regulate this new class of securities.
