Tag: Bank

Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation

Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for […]

Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures

Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including […]

Maduro Orders Venezuelan Bank Closures Amid Coronavirus Scare

Maduro Orders Venezuelan Bank Closures Amid Coronavirus Scare In order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves. With an inflation rate that rises more than 10,000% per year, the country’s citizens have already been dealing with economic turmoil. Maduro […]

Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic

Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic Transferring money over traditional channels may involve a lot of queuing in lines these days. Authorities around the world are trying to prevent large groups of people gathering in confined spaces to reduce […]

Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor

Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s […]

In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix

In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for […]