banks

The United Arab Emirates is debuting a blockchain-based Know Your Customer

Dubai Debuts National Data Platform Powered by Blockchain

This platform is set to become a national system for the exchange of verified customer information. The Economic Development Department of Dubai, or DED. And the state-run bank Emirates NBD are carrying out their so-called UAE KYC blockchain network. 120 Local companies have signed up for Emirates NBD platform The new blockchain platform, first unveiled […]

Aussie Crypto Unicorn Raises $160M Funding From ‘Big Four’ Bank

Aussie Crypto Unicorn Raises $160M Funding From ‘Big Four’ Bank

Airwallex, a member of Australian fintech unicorn and RippleNet, raised $160 million in a funding round led by Australian ‘big four’ bank, ANZ. Also, San Francisco-based cloud software firm, Salesforce. Moreover, it involves the round with current investors Tencent, Sequoia Capital China, DST Global and Horizons Ventures. Taking the sum of $362 million earned by […]

STO platform registers with traditional bank to help move security tokens forward

STO Platform “Blockpulse” Registers with Bank of France to Move Security Tokens Forward

Security Token Offering (STO) platform, Blockpulse, registers with the ACPR Bank of France just in time with the aim to move security tokens forward. “Registration of Blockpulse at ACPR Banque de France with its partner, Lemonway, which is the leading European digital payment solution for investment platforms, completes successfully,” Blockpulse COO Marien Irzykiewicz told the […]

Bitcoin Trading in Italy

Italy’s Bank ‘Banco Sella’ Allows Bitcoin Trading Service during COVID-19 Lockdown

The growing interest of crypto adoption and the COVID-19 outbreak encourages Italy’s popular bank ‘Banco Sella’ to launch a Bitcoin trading service in the country. Crypto traders can use the bank’s Hype platform to initiate their crypto trading. The bank will only act as an intermediate to mitigate potential security risks with cryptocurrency exchanges. While […]

China Everbright Bank Uses Ant Financial DLT for Supply Chain

A Major Chinese Commercial Bank Uses Blockchain-based Supply Chain Finance

Popular as a major commercial bank in China and one of the largest public companies in the world, China Everbright Bank (CEB) is working on introducing a blockchain-based supply chain finance solution in partnership with Ant Financial. Ant Financial, which is widely recognized as the financial arm of the Chinese e-commerce giant, Alibaba, teams up […]

Sweden's central bank digital currencies

Sweden’s Central Bank Wants to Host Innovation Hub for Digital Currencies

The Riksbank, Sweden’s central bank that started testing its own central bank digital currency (CBDC) in February, wants to host the digital currency innovation hub by the Bank for International Settlements (BIS). Officially announcing the news on March 6, the Riksbank noted that in order for the hub to be located in Sweden, the bank […]

standard chartered bank

Standard Chartered Bank Joins IBM & Maersk’s Blockchain Shipping Platform

Standard Chartered Bank has become the first financial institution to join TradeLens, the global blockchain shipping platform created by IBM and the Danish logistics giant Maersk. The London-headquartered bank announced its decision on March 10, with global head of trade, Michael Spiegel, stating that digital ecosystems like TradeLens have the potential to promote the sustainability […]

some indian banks are still refusing to process crypto transactions

Some Indian Banks are Still ‘Arbitrarily’ Refusing to Process Crypto Transactions

Earlier this month, India’s Supreme Court delivered its verdict in a landmark case that promised to usher in a bullish era for cryptocurrency in the country. The apex court ruled to overturn a circular from the Reserve Bank of India (RBI) – issued back in April 2018 – which had banned banks’ services to all […]

South Korea passes law to introduce permit system for crypto exchanges

South Korea Passes Law to Introduce Permit System for Crypto Exchanges

On 5th March, South Korea’s National Assembly passed a revised bill on the reporting and use of special financial transaction information, focusing on the introduction of a permit system for crypto exchanges. Accordingly, virtual asset operators such as crypto exchanges would have to report their operations to the Financial Intelligence Unit (FIU) under the Financial […]

Supreme Court of India lifts RBI ban on banks servicing crypto firms

India Supreme Court Lifts RBI Ban on Banks Servicing Crypto Firms

The Supreme Court of India has struck down the Reserve Bank of India’s (RBI) controversial ban on banks’ dealings with crypto-related firms. The court’s bench of justices Rohinton Nariman, S Ravindra Bhat, and V Ramasubramanian delivered the judgment 4th March, litigation news site Live Law reported. Landmark ruling India’s central bank, RBI, had imposed a […]