Tag: Bank

Bitcoin-Friendly US Bank Silvergate Now Serves Over 500 Crypto Companies

Bitcoin-Friendly US Bank Silvergate Now Serves Over 500 Crypto Companies Silvergate Bank, headquartered in San Diego as a California state-chartered bank, started its cryptocurrency-related business in 2013. Now over 500 companies from the digital assets industry are using its services as one of the very few “bitcoin-friendly” banks based in […]

Bank of Mexico’s Attempt to Regulate Crypto ‘Is a Disaster,’ Exchange CEO Explains

Bank of Mexico’s Attempt to Regulate Crypto ‘Is a Disaster,’ Exchange CEO Explains The long-awaited rules on crypto assets recently published by the central bank of Mexico have caused quite a stir. A local cryptocurrency exchange’s CEO explains to news.Bitcoin.com that “the impact goes beyond the crypto industry.” Calling it […]

US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctions using the petro. Also Read: In the Daily: Exchange […]

Nordea Bank Faces Allegations of Laundering Russian Millions

Nordea Bank Faces Allegations of Laundering Russian Millions Finnish public broadcaster YLE will air a damning program on March 4 that reveals Nordea Bank’s alleged involvement in a multi-million-dollar money laundering scheme. The program will show how dirty money, mostly from Russian criminals, passed through Nordea, the biggest lender in […]

America’s Signature Bank to Offer Services to Bermuda Crypto Companies

America’s Signature Bank to Offer Services to Bermuda Crypto Companies U.S. commercial bank Signature will start to offer a full range of banking services to licensed fintech companies in Bermuda, including those in the digital asset industry. The bank has reached an agreement with the government to provide the service, […]

Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards

Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards While there’s been a lot of news of cryptocurrency debit cards closing shop over the last two years, a company called Payglobal offers cryptocurrency to fiat transfers onto a user’s existing bank card. The U.K. based e-wallet service licensed by […]

In the Daily: New Terms From Bitmex, Binance Coin Record, Malta Bank Accounts

In the Daily: New Terms From Bitmex, Binance Coin Record, Malta Bank Accounts In this edition of The Daily, Bitmex has updated its Terms of Service. The revised rules prohibit residents of certain countries, including the U.S., from trading digital assets on the platform. Also, the native token of the […]