Category: banks

Allianz Global Investors CEO Calls for Cryptocurrencies to Be Outlawed

The head of one of Europe’s largest asset managers, Allianz Global, has called for global regulators to “outlaw” crypto assets.…

China: Shenzhen Special Economic Zone to Use Blockchain for Electronic Tax Invoices

Shenzhen, a major city in the Guangdong Province and the first economic special zone in  China, will use blockchain technology…

UAE Central Bank, Saudi Arabia to Develop Joint Cryptocurrency for Interbank Transactions

The United Arab Emirates’ (UAE) central bank is collaborating with the Saudi Arabian Monetary Authority (SAMA) to issue a cryptocurrency…

Galaxy Digital and Block.One Lead $30 Million Funding Round for US Disruptor Bank

Cryptocurrency-focused merchant bank Galaxy Digital and Block.One have led a $30 million Series A investment round in U.S. neo-banking platform…

South Korea’s Second Largest Bank Begins Blockchain Record-Keeping to Reduce Human Error

South Korea’s second-largest commercial bank, Shinhan Bank, has embarked on a project to implement blockchain in internal processes to decrease…

Huobi Opens First Russian Office in Partnership with State Bank’s Digital Tech Center

Singapore-based cryptocurrency exchange Huobi has officially launched its first branch in Russia on Thursday, Dec. 6, according to a press…

Chilean Government Making Progress on Crypto Regulation, Says Finance Minister

Chile’s Minister of Finance Felipe Larrain claims that a group of state institutions “is making progress” in developing crypto regulation,…

Crypto Project Says It Can Reverse Transactions and Recover Accounts Without Private Keys

A startup which bills itself as “blockchain’s financial district” has launched its network — and says its debut heralds “the…

Inside Chilean Power Battle: Crypto Exchanges vs. State Banks

On Monday, Dec. 4, the Chilean Supreme Court welcomed the decision of state-owned Banco del Estado to close the accounts…

Four International Banks Complete Commercial Paper Transaction on R3’s Corda Platform

A group of international banks in partnership with enterprise blockchain software firm R3 have completed a live commercial paper transaction…

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