Materials by tag Banking

Apr 03, 2020 at 08:16
Egypt Limits Cash Operations in Bank to Ease Possible Default
Due to the coronavirus pandemic, Egyptians started withdrawing cash from their bank accounts massively. This forced banks to limit cash withdrawal and deposits as otherwise, it might cause a crisis and default.
Mar 29, 2020 at 12:21
Will Venezuelan Internet Bear the Burden of Coronavirus Lockdown?
Venezuela’s telecommunication network which was already poor before the COVID-19 outbreak has worsened, risking an internet outage for the country. As the country goes into lockdown, keeping millions of citizens at home, data usages through video chats and live streams went up, overstraining the existing telecommunication network capacity.
Mar 27, 2020 at 11:25
Fiat Money Circulation Might be Shortened due to Coronavirus
As the COVID-19 pandemic rages across the entire globe, people are searching for ways to stop or at least halt its spread. As cash is considered to be a potential source of contamination, people are looking to limit its use turning to digital money and contactless payments instead.
Mar 20, 2020 at 11:08
Venezuela Closes Banks Amidst Coronavirus Pandemic, Citizens Turn to Cryptocurrency
The Venzuelan government has taken the bold move to shut down all banks in the country in a desperate attempt to control the spread of coronavirus. Recent data indicate rapid upward movements in the volume of Peer-to-peer trading of cryptocurrency within the country as citizens try to remain liquid during the coronavirus pandemic.
Mar 20, 2020 at 10:26
Will Traditional Banking Turn to Bitcoin amidst Coronavirus Pandemic?
Italian bank Banca Sella launched a platform that would allow its users to trade bitcoin. As the world is falling into a crysis, traditional institutions turn to new ways and instruments to minimize losses and continue their work.
Mar 19, 2020 at 12:38
Zimbabwe Central Bank Wants Cryptocurrency Regulated
The Reserve Bank of Zimbabwe recently announced that it would regulate the country’s digital currency industry. The Bank’s announcement contradicts its earlier move to ban cryptocurrency. A local source Chronicle confirmed to us that the bank is drafting a new guideline to streamline business within the cryptocurrency and FinTech sectors of the Economy.
Mar 18, 2020 at 12:43
Chongqing Banks Embrace Blockchain Technology to Optimize Transactions
Over the past year, more than 20 banks from the Chinese city of Chongqing used a blockchain platform to process transactions worth $460 million. Using this platform, interested parties can automatically check information about the participants in the transaction: receivables, credit history and other tax documents.
Mar 13, 2020 at 12:20
China Adds $4.7M to Realise Blockchain Dreams
The Chinese government has poured an extra $4.7 m into the Peoples Bank of China’s ambitious Blockchain project.The Government released the money to the Central Bank to allow the Bank to complete its forthcoming blockchain-based trading and finance program, which is being established directly by the PBoC.
Feb 27, 2020 at 12:32
Sweden Could be the Next Major Cryptocurrency Market
Almost half of the country's retailers forecast that Sweden will completely stop handling physical cash before 2025. The Riksbank is currently piloting a digital currency known as e-krona. Could it be that the reduced fiat currency handling in the nation results in a rampant cryptocurrency market?
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