Indian Banks join hands to leverage Blockchain tech for processing "Letter of Credit"
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In an effort to cut down on overseas trading delays, some of the biggest banks in India have partnered up with Infosys Finacle Connect. With this system based off blockchain technology the team is planning to enable digitisation and automation trade-related finance processes. Indian Banks' Blockchain Infrastructure Company Private Limited
Crypto Ban Bill in India continues to be under review
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The Crypto Ban is not a new term for Indian crypto audience. Now India's central government is considering different aspects before banning cryptocurrencies in the country. The news to ban cryptocurrency trading is still under discussion, but they're still not sure if it will be a full-on prohibition or just
Russian Foreign Minister believes that Cryptocurrencies will be used to settle debts in future.
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If the future of finance is crypto, then Russia may be at a competitive advantage. Russian Foreign Minister Sergei Lavrov recently stated that he thinks cryptocurrencies could play an important role in financial settlements someday; if this becomes true, than it would put his country "to good use" as they
Standard Chartered to Launch Crypto Exchange in UK
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Standard Chartered has announced that they seek to launch a digital asset brokerage and exchange platform for UK and European institutional customers. This new venture will be spearheaded as a joint-venture between StanChart’s innovation unit SC Ventures, BC Group which manages Hong Kong-licensed crypto exchange OSL. This is based
FX giant Saxo Bank adds Crypto Trading to its platform
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Saxo Bank, one of the largest FX and CFD trading platform in the world, has announced the launch of crypto trading in its platform with Bitcoin, ethereum and litecoin trading being opened up. The first bank in the world that offers access to trading of over 40 cryptos within its
DubaiCoin the first cryptocurrency of Dubai Up by 1000%
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The DubaiCoin cryptocurrency, which was launched by the city of Dubai and is based on a public blockchain that means people can generate their own coins through mining. The price rose more than 1000% in 24 hours; it had been trading at around $1.13 as of 4 pm on
Thai's top Crypto exchange shuts downs after 5 years of operations
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Bitcoin Co. Ltd. (BX.in.th) crypto exchange, known for its largest crypto market in Thailand is closing after 5 years of its operations. Thai’s top crypto exchange company which was regulated under Thai SEC quoted that they are ‘focusing on other business opportunities‘ without
Facebook lifts up crypto ban and brings in new ad policy
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The social media giant Facebook has revised its crypto related ad policy and has decided to allow crypto ads without requiring any prior approval to publish on its platform as reported on its official blog post. Earlier in Jan 2018, the company brought in a policy which allowed only a
