Huobi has launched a fiat onramp for the Turkish Lira that will allow users in the country to trade cryptocurrencies on Huobi Global. Singapore-based crypto exchange Huobi will launch a fiat gateway for the Turkish lira in late 2019. Huobi’s fiat onramp for lira will be the first fiat gateway launched by a global exchange,…
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Raiffeisen Bank participates in the first successful global tokenized collateral trial. Twenty-eight organizations including Raiffeisen and 17 other banks have participated in the successful completion of the Ivno Global Tokenized Collateral Trial. This is the first global token trial on the R3 Corda platform, hosted on Microsoft Azure, as reported on Oct. 17. Efficiencies in…
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The Federal Reserve’s Lael Brainard says Libra could pose risks to consumers due to ambiguity over their rights. A member of the Federal Reserve’s Board of Governors has said that Facebook’s Libra could pose risks to consumers due to a lack of clarity over their rights with respect to the token’s underlying assets and to…
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The deputy governor of Banque De France said that central banks really only have three available options to address cryptocurrencies: ignore, ban or adopt. Denis Beau, the deputy governor of France’s central bank, Banque De France, recently delivered comments regarding central banks’ approaches to cryptocurrencies. Establish appropriate cryptocurrency regulations On Oct. 16, Beau spoke at…
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The Supreme Court of India has postponed a hearing on the Reserve Bank of India’s circular banning banks from rendering services to crypto-related businesses. The Supreme Court of India has postponed a hearing that would consider the Reserve Bank of India’s (RBI) ban on providing services to cryptocurrency-related business. In an Oct. 16 session on…
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Firms like Facebook should be involved in projects like stablecoin Libra, according to Bank of England governor Mark Carney. Bank of England Governor Mark Carney has defended Facebook’s choice to create a new currency. Canadian news outlet TheStar reported Carney’s remarks on Oct. 15, noting that he highlighted the shortcomings of the current traditional financial…
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Major bank HSBC carries out what it claims to be the first blockchain letter of credit to be enacted in Malaysia. Major bank HSBC has announced the successful enactment of a letter of credit (LC) on a blockchain in Malaysia. The transaction English language local fintech news outlet Fintech News Malaysia reported the development on…
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The Dubai Chamber of Commerce and Industry has signed a memorandum of understanding with Emirates NBD for blockchain-based trade finance. The Dubai Chamber of Commerce and Industry (DCCI) has signed a memorandum of understanding (MoU) with Emirates NBD. Middle Eastern news daily Saudi Gazette reported on Oct. 14 that the DCCI, which acts as an…
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One of China’s big four banks has released the second version of its blockchain trading platform following transactions exceeding $50 billion. The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume. CCB will actively promote blockchain platform On Oct.…
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Alfa-Bank and Novolipetsk Steel Company, in cooperation with Commerzbank and Vesuvius GmbH, launch a Russia-Germany payment pilot via R3’s Marco Polo Network. Alfa-Bank and Novolipetsk Steel Company (NLMK), in cooperation with Commerzbank and Vesuvius GmbH, are piloting Russia-Germany cross-border payments on R3’s Marco Polo network. Powered by R3’s Marco Polo Blockchain Global Trade Network On…
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