Tags : Banks

Bitcoin

650 US banks and credit unions ready to offer Bitcoin

Digital asset management firm New York Digital Investment Group (NYDIG) and enterprise payments corporation National Cash Register (NCR) joined efforts in facilitating massive crypto exposure, enabling 650 US community banks and credit unions to offer Bitcoin (BTC) purchases, according to Forbes magazine. Thanks to their collaboration, financial institutions that are getting fed up by observing […]Read More

Bitcoin

Swiss committee proposes banks hold a dollar for every dollar

Swiss committee proposes banks hold a dollar for every dollar in Bitcoin exposure Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Bitcoin › Switzerland › Regulation Banks will face the most strenuous requirements if they wish to be exposed to cryptocurrencies. Shaurya Malwa · June 10, […]Read More

Regulation

RBI governor “surprised” that Indian banks cited 2018 laws to

Reserve Bank of India (RBI) governor Shaktikanta Das said this week the central bank has ‘no change’ with regards to its approach towards the crypto sector, local outlet Business Standard reported today. Crypto surprise Das stated he was “surprised” with local banks citing a (void) circular from 2018 for denying services to crypto businesses and […]Read More

Regulation

Reserve Bank of India slams banks after they stop services

The Reserve Bank of India, the country’s central bank, released a new directive today after local banks ceased crypto services for users citing a directive from 2018, an official filing shows. “It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies by […]Read More

Regulation

Dutch Bitcoin exchange fends off Central Bank’s verification demands for

Netherlands-based crypto exchange Bitonic today announced that a recent court order has convinced the Dutch Central Bank (DNB) to withdraw its demands for “unlawful and onerous” user verification requirements such as mandatory wallet screenshots. “After reconsideration, DNB comes to the conclusion that this interpretation of Article 2, second paragraph, RtSw, given by DNB, does not […]Read More

Bitcoin

This small Caribbean island fully embraces Bitcoin in absence of

Bequia, a small island in the Caribbean just 18 square kilometers in size, is primed to become the world’s first fully Bitcoin-enabled community, Euronews reported earlier this week. In the near future, development company One Bequia is planning to build 39 luxury villas here, touting itself as “the only real estate development in the Caribbean […]Read More

Bitcoin

After brief cheers, U.S. banks are back to bashing Bitcoin

Some US banks have restarted their outrage against Bitcoin even as others have warmed up to the asset in the past year. How prices affect sentiment Bitcoin’s infamous price gyrations are known to polarize. The asset, like most other cryptocurrencies, can move by several percentage points in a single day—a stomach-churning experience for those using […]Read More