Thailand to Unveil Detailed Regulation for Cryptocurrencies Next Year
The Bank of Thailand (BoT) plans to suggest comprehensive legislation on the digital asset industry in January next year. The rules will aim to reduce the risks to the financial…
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Two More German Banks Planning Crypto Services Following Sparkasse
Commerzbank and Volks- und Raiffeisenbank – a German universal bank and brand of cooperative banks respectively – have started developing concepts to enable customers to buy and sell cryptocurrencies. Frankfurter…
Switzerland’s Largest Online Bank Plans to Launch Crypto Exchange Next Year
Switzerland’s largest online bank, Swissquote, is planning to launch a cryptocurrency exchange early next year to meet clients’ surging demand for digital assets. Swissquote to Launch Crypto Exchange The bank’s…
Ukrainian bank uses Stellar to launch electronic hryvnia pilot
Ukraine’s Ministry of Digital Transformation supports a Stellar-based private stablecoin project developed by a local bank.
German savings banks want to enable Bitcoin for 50M clients: Report
According to the plan, 50 million savings bank customers would be able to buy Bitcoin directly from checking accounts.
Wells Fargo and HSBC to Use Blockchain to Settle Forex Transactions
Wells Fargo – a leading American financial services organization – and HSBC Bank – a major British monetary institution – will employ a blockchain-based product to settle matched foreign exchange…
German Savings Banks Association May Offer A Crypto Wallet in 2022
German Savings Banks Association – a network of over 400 savings banks throughout Germany – may allow customers to start trading cryptocurrencies from their accounts in 2022. As the market…
BBVA Switzerland Adds Ethereum (ETH) to its Cryptocurrency Services
Several months after releasing Bitcoin trading and custodial products, BBVA’s Swiss arm has decided to add Ethereum (ETH) services as well. The new features will be available on the bank’s…
Russia to Allow Foreign Residents to Own and Use Digital Ruble
The central bank of Russia intends to ensure that the digital ruble is convertible to foreign currencies and can be used by non-residents. In a document devoted to the digitalization…
DeFi resolving the five flaws of traditional finance, book review
The book describes how DeFi improves upon traditional finance’s failings by raising up “marginalized groups,” including the unbanked.
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