Materials by tag Banking

Aug 22, 2019 at 12:09
Bitcoin Holders in Israel Turn to Court After Central Bank Fails to Set Policy on Cryptocurrency
A number of Bitcoin and cryptocurrency holders in Israel have come out to request local banks unveil policies about digital currency accounts. They are seeking for legal action against traditional banking institutions for their snub to open accounts for clients wanting to deposit cash from digital asset sales. The bitcoin holders are now trying to demand the Bank of Israel and other local financial institutions to make their policies about cryptoasset.
Aug 15, 2019 at 13:05
Bitcoin Payments and Blockchain Tech Enters Banking Sector of Latin America
In an effort to enable effective transnational payments using the Bitcoin Blockchain, around 60 Latin American banking institutions where almost 20 million users are active customers of money management services, are now busy developing modern financial systems based on distributed ledger tech, and this will give the people of South American countries an option to make Bitcoin payments.
Aug 03, 2019 at 10:48
US Senate Committee Thinks Banning Cryptocurrency is Wrong
Recently, the United States Senate Committee on Banking Affairs had a hearing on bitcoin, cryptocurrency and blockchain regulation and appreciated the thrilling difficulties in effecting a cryptoasset ban.
Jul 15, 2019 at 10:49
What Does the Entry of Facebook, JPMorgan and Netflix Mean?
Facebook, JPMorgan and Netflix are now in for the innovation game. Several giant institutions have entered the businesses related to blockchain and cryptocurrencies and this has given the industry a big boost. In the same sense, retail investors have also benefited since huge funds, derivatives plus many other monetary instruments are now accessible by the public.
Jul 05, 2019 at 10:22
Bank of Italy Doubts the Nature of Cryptocurrency
According to a recent Bank of Italy survey on the media bubble started by Libra, the Facebook project, there are many doubts about the nature of these tools, both functional and legal. The study reveals that they do not meet the definition of a financial asset; the high price volatility does not make them equivalent to liquid assets similar to currency; and those convertible at a floating exchange rate do not have the characteristics of legal money – fiat currency.
Jul 04, 2019 at 13:50
Capt.L.C. Arrigo GARIPOLI, Founder at BlueQbit to Speak at PICANTE TECH Conference Europe 2019 (TCE2019)
Blockchain is sweeping across multiple industries and it’s not all about cryptocurrencies. The way data and information is handled has reinvented and made more efficient and transparent.
Jul 02, 2019 at 14:10
Goldman Sachs CEO Thinks Blockchain is the Future of Payments
With all eyes now on revolutionary novelties including blockchain, bitcoin, and distributed ledger technology, the CEO of Goldman Sachs Group, David Solomon, believes blockchain tech is the new wave of the future, according to a recent report by Les Echos, a French daily newspaper.
Jul 02, 2019 at 13:17
India: RBI Develops a Blockchain Platform for Banking
The Reserve Bank of India (RBI) develops a blockchain-based platform for banking starting with its R&D branch. The distributed ledger tech (DLT) platform is going to host a wide spectrum of blockchain applications beginningovel  in 2020. The blockchain-powered platform will serve financial institutions including banks and will start with the RBI’s R&D branch. The new platform is generally for DLT use case for the government in financial banking.
Jun 25, 2019 at 16:43
Facebook Libra Coin: Good Samaritan or a Deadstar for All Cryptocurrencies?
The banking industry is worried by Facebook’s announcement about issuing their own cryptocurrency last month. France is going to establish a G7 task force to study how banks can ensure regulations of such digital currency to  prevent its usage for money laundering and other illegal activities.
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