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ING Warns Facebook’s Ties With Banks May Be Breached Due To Libra Regulatory Concerns

ING Warns Facebook’s Ties With Banks May Be Breached Due To Libra Regulatory Concerns

Ralph Hamers, the CEO of ING, warned that Facebook's relationships with banks will probably be cut off due to its inability to address Libra regulatory issues, especially the money-laundering fears.

German Government to Revamp its Energy Sector with Blockchain-Based Strategy

German Government to Revamp its Energy Sector with Blockchain-Based Strategy

The German government intends to propel efficiency and productivity in its energy sector. As a result, it intends to use blockchain technology to attain this objective as stated by the country's Federal Minister of Economics, Peter Altmaier.

IMF Believes Central Banks Need Strong Legal Frameworks for CBDCs to Work

IMF Believes Central Banks Need Strong Legal Frameworks for CBDCs to Work

The issuance of CBDCs by apex global banks has become a hot topic in the crypto space, and the IMF has delved into it with some precautionary measures.

Chinese Banks Clarify on Crypto Account Freezing Despite Alipay’s Crypto Ban Last Year

Chinese Banks Clarify on Crypto Account Freezing Despite Alipay’s Crypto Ban Last Year

China’s banks were rumored to be freezing client accounts that have a history associated with the buying and selling of cryptocurrencies. However, according to a recent report, Chinese banks have clarified that this is not the case, and they are not shutting down any legal fiat to crypto accounts.

FinCEN Director Kenneth Blanco Warns Banks to Take Crypto AML Seriously

FinCEN Director Kenneth Blanco Warns Banks to Take Crypto AML Seriously

Kenneth Blanco, the Director of the FinCEN warned banks to seriously consider how virtual currencies should fit into their anti-money laundering (AML) policies.

US FinCEN Files Show Deutsche Bank Tops List of Suspicious Transactions, So Cut Bitcoin Some Slack

US FinCEN Files Show Deutsche Bank Tops List of Suspicious Transactions, So Cut Bitcoin Some Slack

German central bank, Deutsche Bundesbank appears to have facilitated over one trillion dollars of suspicious transactions flagged by US FinCEN.

eToro CEO: Central Banks will Inevitably Establish Digital Currencies

eToro CEO: Central Banks will Inevitably Establish Digital Currencies

Yoni Assia, eToro’s CEO, recently weighed in on the issue of Central Bank Digital Currencies. He noted that this matter was no longer an issue of “if,” but of “how and when” because the development of digital currencies by central banks was inevitable.

Ethereum Ranks 9th in Market Valuation Among Leading Global Banks

Ethereum Ranks 9th in Market Valuation Among Leading Global Banks

Ethereum ranks 9th when compared to the world's largest banks in terms of market cap, according to CompaniesMarketCap.

ISO 20022—Central Banks Strike Back Against Bitcoin and DeFi Payments But XRP Price Will Surge

ISO 20022—Central Banks Strike Back Against Bitcoin and DeFi Payments But XRP Price Will Surge

Central Banks are planning their own payments revolution which could eliminate most cryptos from the cross-border payments conversation - all except Ripple (XRP).

CBDCs Are Bad News to European Banks, says Bank of America Analysts

CBDCs Are Bad News to European Banks, says Bank of America Analysts

Bank of America analysts have made important revelations concerning the launch of CBDCs. They recently disclosed that CBDCs are bad news to European Banks.

Top Banks in South Korea Select CenterPrime And Chainlink To Bring FX Rates Data to DeFi

Top Banks in South Korea Select CenterPrime And Chainlink To Bring FX Rates Data to DeFi

Top banks in South Korea have selected Chainlink and CenterPrime to bring a blockchain-enabled decentralized finance solution for foreign exchange rates.

Banks Are Increasingly Starting to Offer Cryptocurrency Services in 2020

Banks Are Increasingly Starting to Offer Cryptocurrency Services in 2020

Banks have increased their interest in cryptocurrencies. Many of them have decided to join the cryptocurrency market, either by offering investments in cryptocurrency or by exploiting the capabilities of blockchain technology, which is already used in various areas with financial services.

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