Latest news of Banking Sector using Blockchain technology or cryptocurrencies in their department in various ways.
The cryptocurrency exchanges in India are ready to abide by strict regulations. In a recent statement, released by the cryptocurrency exchanges, they clearly stated that they were ready for greater scrutiny by RBI. According to a statement by RBI on April 5, 2018, it has directed all the banks to...
Today 14th May, HBSC makes its first trade blockchain transaction. This is a major step taken by banking sector to try the blockchain technology. According to the FT, The transaction was for Cargill a food and agricultural group. This was done by Dutch bank ING together with HSBC and it...
In a recent report, the Bank of Montreal(BMO) of Canada has decided to tighten its security against cryptocurrency trading and will not entertain any sort of transactions made using Interac debit card for the purchase of cryptocurrency. This news was leaked when an email interaction of spokesperson from a...
Leumi Bank made a decision in December last year. The bank decided to block payments to the Bitcoin Exchange during a surge in demand for crypto assets. Leumi Bank claimed the decision was in line with the order issued by the Bank of Israel. But, this rule is actually part...
Bank of America, one of the world’s largest financial institutions, announced that the cryptocurrency is a threat to their business model. This report, submitted to the Securities and Exchange Commission (SEC) dated February 22, where cryptocurrency was listed for the first time. In order to adapt to evolving industry...
Ripple today announced a new alliance with five banks, remittance agencies in four different countries. Itaú Unibanco in Brazil, IndusInd in India, InstaReM in Singapore, Beetech in Brazil, Zip Remit in Canada will incorporate ripple platform to help real-time international payment. IndesInd, InstaReM, Itaú Unibanco will use xCurrent for real-time...
