Japan is set to allow trust banks to manage cryptoassets – after a top financial regulator announced plans to roll out legislation that could become legally binding later this year. The newspaper Nikkei reported that the Financial Services Agency (FSA), the body that polices both the banking sector and the domestic crypto industry wants to…
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After receiving criticism from industry players last year for being too conservative, a committee at the Bank for International Settlements (BIS), has proposed a cap on how much exposure traditional banks can have to cryptoassets “where there is no counterparty.” According to a new consultation report from the BIS’ Basel Committee on Banking Supervision, the…
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An up-and-coming South Korean bank appears to be suffering from the crypto market’s volatility – and may have to shelve its initial public offering (IPO) plans if crypto winter continues. Per ENews Today, K-Bank, the banking partner of the market-leading crypto exchange Upbit, is “experiencing difficulties.” The report explained that the bank – which had…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: BlockFi Withdrawals Drop, Bitcoin Mining Difficulty, New NFT Wallets, 3 Crypto Films + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
As central banks across the globe are now admitting they failed to keep inflation under control and by sharply rising rates threaten to push economies into recession, they now claim that they are the main source of trust in the monetary system. … Read More: After Inflation Fiasco, Central Banks Now Want to Monopolize Trust…
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A DAO-based financial industry means lower fees across the board, accessibility, and transparency. Would it be possible? Global banking network as a DAO Imagining a DAO-based global banking network may seem far-fetched at the moment, but not impossible. If blockchain technology is widely adopted within the financial industry, it is not hard to imagine a…
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KBC Group, a major European banking and insurance institution headquartered in Belgium, has launched a token based on a blockchain platform. Its customers will be able to acquire the new proprietary coins and use them through their KBC wallet and mobile app.
KBC Issues Digital Coin for Clients and Partners
KBC, the Brussels-based financial…
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As countries across the world intensify efforts to attract crypto industry players, the authorities of Kazakhstan have launched a pilot program to encourage selected local banks to partner with licensed crypto exchanges. In a statement, the country’s government said that the exchanges that are registered with the Astana International Financial Centre (AIFC), a financial…
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With the massive downturn fueled by major crypto lender Celsius (CEL) continuing to roll over numerous crypto businesses worldwide, German crypto bank Nuri has announced that its bitcoin (BTC) interest accounts are affected due to their reliance on Celsius…. Read More: Celsius Problems Impact Nuri’s Bitcoin Interest Accounts Read more »Pay, Trade, Buy Bitcoin with Credit…
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Bitcoin mining’s climate impact has been heavily criticized, but the emissions of corporate cash and investments have often flown under the radar. The Carbon Bankroll Report was released on May 17 as a collaboration among the Climate Safe Lending Network, The Outdoor Policy Outfit and Bank FWD. The collaboration made it possible to calculate the…
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