Tag: Bank’s

Aussie Banks Still Cold to Cryptocurrency Businesses Despite Regulation

Aussie Banks Still Cold to Cryptocurrency Businesses Despite Regulation Despite increasing regulation in the cryptocurrency sector, Australia’s major banks maintain cautious policies when it comes to cryptocurrencies. While cryptocurrency businesses appear to challenge Australian banks’ appetite for risk, many institutions permit cryptocurrencies to be purchased using credit cards. Also Read: […]

Growth of Crypto Industry Could Threaten Banks, Financial Stability: Basel Committee

Growth of Crypto Industry Could Threaten Banks, Financial Stability: Basel Committee BIS-backed global banking authority the Basel Committee has issued a sceptical statement on crypto assets, saying they’re “unsafe to rely on” as money Cointelegraph.com News

1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme

1.3 Million Leaked Transactions Link Major Banks to .8 Billion Money Laundering Scheme A new set of reports by the Organized Crime and Corruption Reporting Project, compiled from over 1.3 million leaked transactions from 238,000 companies, have linked many major banks to a scheme to channel billions of dollars out […]

35 Countries Urged to Regulate Cryptocurrency Exchanges Like Commercial Banks

35 Countries Urged to Regulate Cryptocurrency Exchanges Like Commercial Banks The Financial Action Task Force has finalized its requirements for the supervision and monitoring of cryptocurrency service providers. The inter-governmental body has reportedly urged all of its 35 member countries to regulate crypto exchanges in the same manner they regulate […]

In the Daily: Blockchain Phones, Crypto Cash Out Gets Easier, Banks vs Exchanges

In the Daily: Blockchain Phones, Crypto Cash Out Gets Easier, Banks vs Exchanges Wednesday’s edition of The Daily charts the rise of blockchain phones and the effects they’re exerting on the tokenized assets supported by their built-in wallets. We also examine Europe’s favorite crypto card service, which is invading Asia […]