Latest news of Banking Sector using Blockchain technology or cryptocurrencies in their department in various ways.
The MoU signed by ICON (ICX) and SK Group has apparently planned to co-develop the blockchain business models in financial industries. These blockchain products are intended to manage the authentication services, insurance claiming services and hence enhance the overall financial services. ICONLOOP, is a private blockchain organization in South Korea...
Morgan Stanley one of the worlds largest financial institution is creating a product ‘Bitcoin swap trading’ for its clients to trade Bitcoin. According to Bloomberg, Morgan Stanley is planning to offer to trade in complex derivatives for Bitcoin, that give traders synthetic exposure to the performance of Bitcoin. This approach...
The Bank of Russia had organized an ICO test which took place successfully. This test is based on issuing tokens which took place in the “Sandbox” framework on a regulatory platform of the Bank of Russia. According to TASS Russian news, Sberbank CIB and the National Settlement Depository (NRD) were...
Liechtenstein Bank is planning to launch a cryptocurrency which will be backed by Swiss Franc. This will ensure that the cryptocurrency will provide additional security to the holders as compared to any other normal cryptocurrency. The cryptocurrency will be known by the name of Union Bank payment coin. Fiat backed...
Bank of America is the 2nd largest bank in the USA. Some time back we have seen several banking institutions showing their interest in Cryptocurrency Sector. Now we see the Bank of America has filed a patent which is related to the Cryptocurrency Sector. Patent on Cryptocurrency Storage The Bank...
Recently, Bank of Thailand launched the Project Inthanon. While not a lot of details are available about this project but it is rumored to be on the Central bank digital currency lines. This clearly indicates that Thailand might actually be planning to launch the Central bank of cryptocurrency. The bank...
