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Banks

Korean Banks to Use Samsung SDS Blockchain in imitation of Verify Customer IDs beside July

A South Korean commercial banks group will initiate a blockchain-powered customer ID verification platform in July 2018, as per the reports on June 12. Reportedly,...

Bank from US Wells Fargo Just Bans Crypto related purchase with Credit Card

San-Francisco-based bank Wells Fargo has declared that it will ban its customers from purchasing cryptocurrency using its credit cards, Fortune reported on June 11. The...

Cryptocurrencies can save Upto 76 Bln EU : Says Bank of Italy Deputy Governor

The SUERF/BAFFI CAREFIN Centre Conference in Milan Thursday, June 7 was marked by the deputy governor of the Bank of Italy - Fabio Panetta’s...

The Central Bank of Zimbabwe Orders Financial Institutions to Suspend All Crypto Dealings

Domestic financial institutions of Zimbabwe have been asked to suspend any sort of crypto-related dealings and terminate their association with crypto businesses, reports local...

Spanish Banking Giant BBVA Becomes the First Bank to Pilot a Loan Using Blockchain

Spain’s second-argent banking lender - Banco Bilbao Vizcaya Argentaria (BBVA) has now become the first banking institution to issue a loan to one of...

German Securities Trading Bank VPE to support Crypto Trading for Institutional Players

WertpapierhandelsBank AG (VPE) - a traditional securities trader based in Germany is now looking forward to expanding its brokerage operations by allowing institutional investors...

UAE Leading Bank ‘Emirates NBD’ Uses Blockchain Tech to Prevent Cheque Frauds

One of the leading banks of United Arab Emirates (UAE) ‘Emirates NBD’ has successfully tested ‘Cheque Chain’ which is a blockchain system integrated with...

Canada’s Bank of Montreal Expands Ban on Crypto Purchases Made Via Interac Cards

Due to extremely high volatility shown by the crypto markets, banking institutions across the globe are freezing customer’s debit and credit cards or other...

China Plans to Launch Its Own Cryptocurrency to Protect Yuan Against the Latest Crypto Onslaught

China seems to further doubling down on its efforts to ban cryptocurrencies or any related activity in the country. Deputy Governor of the People’s...

Bank of England to Test Distributed Ledger Technology (DLT) for a New Payment system

Although financial banking institutions have criticized cryptocurrencies for long, they have always supported the underpinning blockchain technology that facilitates users with instant global payments...
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