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Monday, March 8, 2021

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Swiss Authority approves Russian bank’s request to launch cryptocurrency custodial service

The Switzerland based subsidiary of Russian bank is all set up to offer cryptocurrency custodial service. Such development means that Swiss Government is interested in...

DLT-based solution to help banks digitise financial instruments

ITFA launches dDOC specifications to digitise guarantees and negotiable instruments. Enigio's trace:original is the first technology that complies with dDOC specifications. The framework will reportedly use...

Nordea Bank’s net profit jumps to £761.14 million in the fiscal third quarter.

Nordea Bank’s net profit jumps to £761.14 million in the fiscal third quarter. The Helsinki-based bank reports £1.05 billion of net interest income in Q3. The...

Italy has around 100 banks formally operating on blockchain

The latest wave of Italian banks joining the banking blockchain, Spunta, includes 42 new institutions. With these 42 new banks, there are currently around 97...

Visa wants to advance its crypto payment tech and help banks explore CBDCs

Cuy Sheffield, senior director and head of crypto at Visa said in a report today that the global payment network, Visa, was advancing its...

Bank analyst: ‘absurd’ to think banks are working with terrorists

A concerning report suggests banks faciliated $2 trillion worth of transfers on behalf of criminal entities. Notable bank analyst Dick Bove said a breakdown in...

Comptroller of the Currency reveals another ability of US banks

The US Comptroller of the Currency published a new crypto-related decision yesterday. The decision noted that national banks are free to hold reserve funds for...

Bitcoin ads displayed outside banks in Hong Kong, in effort to spread BTC awareness

Bitcoin Association of Hong Kong, which includes over 5,000 Bitcoin-focused members, today announced that it would use donations to buy advertising spaces to post...

Blockchain can shield banks from billion-dollar trade finance scandals, says exec

The pressure induced by the ongoing economic crisis, obsolete trade finance systems and mounting geopolitical tensions is pushing the international trade finance industry down...

Banks around the world approaching crypto and blockchain technology

Numerous major banks around the world have made big moves towards crypto and blockchain in 2020. Three Aussie banks just announced the commercial launch of...
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