France’s BNP Paribas partners with Bank of China to promote digital yuan usage
A digital management system for corporate clients will encourage "efficient and real-time" adoption of China's CBDC, according to a statement from BNP Paribas.
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SWIFT’s cross-border CBDC experiments show promise as participants prepare for phase 2
The 12-week study, involving 18 banks and financial institutions, shows the potential utility of CBDCs in settling cross-border transactions, prompting participants to proceed with the next phase.
French bank refuses to allow customers to use Coinbase
BNP Paribas is prohibiting its clients from sending funds to the exchange, despite the country’s open stance on digital currency.
Another win for crypto: Bank giants fined billions for malpractice
Reports are surfacing that major banks could be fined as much as $400 billion by 2020 for malpractice.