Speaking to CNBC on Monday, Feb. 12, chief fintech officer of the Monetary Authority of Singapore (MAS) Sopnendu Mohanty said it will be “two years” before the central bank’s Blockchain project sees “real impact.” Discussing the state of its “Project Ubin” and cryptocurrency in general, Monetary Authority of Singapore (MAS)...
Peer-to-peer payments platform Circle Internet Financial Ltd., is pursuing both a federal banking license with the Office of the Comptroller of the Currency (OCC) and registration as a brokerage and trading venue with the US Securities and Exchange Commission (SEC). The news comes from a Bloomberg report today, June...
The People’s Bank of China (PBoC) will continue to apply strict measures on virtual currencies as part of its strategy for protecting and strengthening the yuan (RMB), according to a statement published March 29 on the bank’s website. At the 2018 national video conference dedicated to the achievements and major...
A group of South Korean commercial banks will launch a blockchain-powered customer ID verification platform in July 2018, local news outlet Korea JoongAng Daily reports today, June 12. According the report, the Korea Federation of Banks (KFB) will launch their “BankSign” identity verification system to be used in both online...
Major Spanish banking consortium Niuron announced they are developing a blockchain platform for client digital identification verification, EuropaPress reports Monday, June 18. The group of banks reportedly plans to create the platform by the end of 2018, with the goal of developing a blockchain technology-based system to identify and record...
Ripple has announced an agreement today, Feb. 14, with the Saudi Arabian Monetary Authority (SAMA) to provide support for Ripple’s cross-border payments technology to banks in the Kingdom of Saudi Arabia (KSA). SAMA and Ripple have created a pilot program to provide support to KSA banks to use xCurrent, Ripple’s...
The Bank of England is undertaking a proof-of-concept (PoC) to understand how the renewed Real Time Gross Settlement (RTGS) service could be capable of interacting with Distributed Ledger Technology (DLT), according to the bank’s statement on March 27. Real Time Gross Settlement systems are special payment systems where the transfer...
July 31: Crypto assets are posting market-wide losses on the day, with Bitcoin (BTC) dipping back below the $8,000 psychological price point and virtually all coins in the red, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,857 to press time, down around 3 percent...
Major U.S. cryptocurrency exchange and wallet Coinbase spoke to regulators about obtaining a federal banking charter, according to a report by the Wall Street Journal (WSJ) May 18. Citing “a person familiar with the matter”, the WSJ reports that Coinbase spoke to the U.S. Office of the Comptroller of the...
One of the first major waves of Bitcoin and cryptocurrency adoption was when Wall Street players began looking into Bitcoin as a speculative asset with the promise of massive gains. It split the community as some embraced it, while others shunned it. Now however, banking and cryptocurrencies, especially the blockchain...