Latest news of Banking Sector using Blockchain technology or cryptocurrencies in their department in various ways.
The World Bank has indeed initiated its first ‘Blockchain Bond’ with Commonwealth Bank of Australia(CBA). This means that World Bank has offered New-Debt instrument called bond-i and this bond will be created, managed with distributed ledger technology. Also, the bond-i is named after the iconic spot, called Bondi beach...
It seems like most of the high net worth individuals are investing in cryptocurrencies. A Private bank in Switzerland by the name of Maerki Baumann has recently announced that it will allow cryptocurrency deposits. This is the second Swiss bank to allow cryptocurrency deposits. Of course, the huge demand for...
Goldman Sachs has been able to remain away from the cryptocurrencies up until now. Even though it has invested in some of the start-ups related to cryptocurrencies but as a company, it has remained away from Bitcoin as well as other cryptocurrencies. However, that seems to be changing now. It...
As per recent the report published by Bank of Thailand(BoT), all the local banks can now proceed with cryptocurrencies dealing. This involves issuing digital tokens, crypto brokerage services, invest in cryptocurrencies through subsidiaries. Although the Bank of Thailand(BoT) has regulated cryptocurrency usage on a broader spectrum, all the...
The Reserve Bank of India (RBI) has completely withdrawn the banking facilities to the cryptocurrency exchanges. As a result, most of the cryptocurrency exchanges are not able to operate in the country. Recently, the reserve bank of India told the Supreme Court that they are regulating the cryptocurrency markets to...
The Indian Supreme court on July 3, heard the petition filed for Reserve Bank of India(RBI) ban on cryptocurrency. The verdict from the court upholds the decision to continue with the ban on providing any sort of services to companies that work with cryptocurrency, in effect from July 5....
