forex

Russia May Build Offshore Destination for Cryptocurrencies, Exchanges and Forex

Russia may build a large financial center on the island of Bolshoy Ussuriysky, according to a report by the state-run TASS…

Israeli Court Rules Bitcoin Is Not a Currency in Court Case Over Taxes on BTC Gains

An Israeli judge has ruled that bitcoin (BTC) is an asset and not a currency, local news site Globes reported on May…

French Regulatory Agency Sees 14,000% Surge in Crypto-Related Scam Enquiries Since 2016

The French stock markets regulator AMF has seen over a 14,000% surge in enquiries related to fraudulent crypto offers in…

China’s Foreign Exchange Regulator Piloting Blockchain in Trade Finance

The agency that regulates and manages China’s foreign exchange reserves has developed a blockchain system aimed to address inefficiencies in…

Citi Scraps Its Plan for a JPM Coin-Like Bank-Backed Cryptocurrency

In light of the splash JPMorgan made recently with its plan for a bank-backed cryptocurrency, it’s worth remembering another big…

HSBC Reports 25% Savings in Forex Trade Settlement Using Blockchain

London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for foreign exchange (forex) trade settlement by a quarter,…

HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25%

An HSBC executive has said that the bank’s blockchain-based system has helped it cut the costs of settling foreign exchange trades.…

New Platform Enables Trades Across 200 Tools and Runs Educational Crypto Show

A cross-market platform called LH-Crypto says its service gives traders the opportunity to transact across a plethora of cryptocurrencies and…

Italian Securities Regulator CONSOB Adds Crypto Company Togacoin to Scam Blacklist

The Italian securities regulator, Commissione Nazionale per le Società e la Borsa (CONSOB), has added crypto company Togacoin to its…

Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals

Cryptocurrency exchange Bitstamp has partnered with a Swiss bank to allow the bank’s customers to fund their dollar-denominated accounts with…

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