Tag: Banks
Deutsche Bank Tests SWIFT Analogue for CBDC and Stablecoins
Reading time: < 1 minuteDeutsche Bank and SC Ventures have successfully transferred and exchanged stablecoins using the Universal Digital Payments Network (UDPN).
Australia’s Bank Blocks High-risk Payments to Crypto Exchanges
Reading time: < 1 minuteBendigo Bank, one of Australia’s “Big Four” banks, has announced that it will be instituting blocks on “high-risk crypto payments.”
Myanmar to Launch a Neobank on Polygon
Reading time: < 1 minuteThe Myanmar National Unity Government (NUG) has announced the launch of the Spring Development Bank neobank on the Polygon platform.
An Australian Bank Stops Cooperating With Cryptocurrency Exchanges
Reading time: < 1 minuteThe National Australia Bank (NAB) has joined the trend this week by suspending partnerships with crypto exchanges.
Denmark’s Authorities Order Saxo Bank to Limit Crypto Trading
Reading time: < 1 minuteThe Danish Financial Supervisory Authority (FSA) has instructed Saxo Bank, a local financial entity, to liquidate its crypto-asset positions by the end of 2024.
Citigroup to Reconsider Partnership with Metaco
Reading time: < 1 minuteBanking conglomerate Citigroup is reportedly in the process of looking for a replacement for the Swiss company.
US Banks Plan to Stop Working with Binance’s US Division
Reading time: < 1 minuteThe US Securities and Exchange Commission (SEC) sued last Monday Binance for alleged violations of US law, prompting the crypto company’s US branch to advise their customers of their suspension of fiat money transactions beginning June 13.
Binance CEO Changpeng Zhao Denies Company’s Plans to Buy a Bank
Reading time: < 1 minuteChangpeng Zhao (CZ), the head of the Binance crypto exchange, noted that their company is not interested in acquiring any banking institutions because of regulatory complexity and the capital needed.
DBS Bank Took Advantage of Crypto Exchanges Collapse in 2022
Reading time: < 1 minuteDBS Bank of Singapore saw a sharp increase in investor activity on the site due to the bankruptcy of crypto exchanges.
Robert Kiyosaki Urges to Buy BTC Amid Signs of Bank Collapse
Reading time: < 1 minuteRobert Kiyosaki, the bestselling author of Rich Dad Poor Dad and entrepreneur, has suggested that people should invest in defensive positions such as gold, silver, and Bitcoin.
