Portuguese Banks Shut Crypto Exchange Accounts, BlockBlog Media Reveals

Portuguese Banks Shut Crypto Exchange Accounts BlockBlog Media Reveals

According to media reports, major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges. The move threatens to tarnish the country’s image as one of Europe’s most crypto-friendly destinations, a haven for bitcoin enthusiasts. Portuguese crypto firms hit by bank account closures Portugal, one of Europe’s leading crypto … Read more

Bitcoin And Ethereum Are The Most Traded Cryptocurrencies Among Saxo Bank’s Regional Clientele

Saxo’s fully compliant product offers investor protection in a highly volatile space Saxo Bank, the multi-asset trading and investing specialist, shared that Bitcoin and Ethereum are the most popular currencies in crypto trading among MENA clients, in line with global volumes, while celebrates a landmark year of regulated trading on the Crypto FX platform. 57% … Read more

Kazakhstan Develops New Program To Associate Crypto Exchanges With Banks

Kazakhstan Develops New Scheme To Link Crypto Exchanges With Banks

Source: Adobe Stock / Pavel Parmenov As countries around the world step up their efforts to attract players in the crypto industry, authorities in Kazakhstan have launched a pilot program to encourage some local banks to partner with licensed crypto exchanges. In a statement, the country’s government said that exchanges registered with the Astana International … Read more

Kazakhstan Develops New Scheme To Link Crypto Exchanges With Banks

Kazakhstan Develops New Scheme To Link Crypto Exchanges With Banks

Source: Adobe Stock / Pavel Parmenov As countries around the world step up their efforts to attract players in the crypto industry, authorities in Kazakhstan have launched a pilot program to encourage some local banks to partner with licensed crypto exchanges. In a statement, the country’s government said that exchanges registered with the Astana International … Read more

Decentralized finance: what future for banks?

Faced with the evolution of decentralized finance (DeFi – Decentralized Finance), the two parallel universes of traditional centralized banks and decentralized banks are beginning to come together. Rivo Uibo, co-founder of Tuum, provides an update on the rise of cryptocurrencies and DeFi, and explores how banks are starting to get involved, and the benefits they … Read more

Opinion – Decentralized finance: what future for banks?

Interest in decentralized finance, a generic term used to designate peer-to-peer (P2P) financial services based on public blockchain or any other decentralized ledger technology, has grown significantly over the past two years. According to a study carried out by the firm KPMG on behalf of the Association for the Development of Digital Assets (Adan), in … Read more

Banks and cryptocurrencies: SWIFT is testing the integration of CBDCs

Banks and cryptocurrencies SWIFT is testing the integration of CBDCs

SWIFT or Society for Worldwide Interbank Financial Telecommunication, represents the messaging and protocol network for banking and payments interconnection. The latter announces that he is working to connect different CBDC networks or central bank digital currency. The company collaborates with Capgemini, a digital service provider. A series of experiments are carried out to ensure the … Read more

Banks Turn to Blockchain in Search of High-Quality Commercial Assets

BNP Paribas has joined JPMorgan in using digital tokens for short-term trading in fixed income markets as some of the world’s largest investment banks step up efforts to modernize the $12 billion market with blockchain technological. The French bank has joined a blockchain-powered network run by its American rival, which has already endowed more than … Read more

Crypto Links With Banks Threaten Financial Stability, ECB Says

Crypto Links With Banks Threaten Financial Stability ECB Says

The crypto industry’s deepening ties with banks and asset managers will pose a risk to financial stability, the European Central Bank has warned, in the latest sign of how central banks and governments intensify their market surveillance. The ECB said on Tuesday that it had undertaken “a deep dive into crypto-asset leverage and crypto lending” … Read more

Banks Turn to Blockchain in Search of High-Quality Commercial Assets

BNP Paribas has joined JPMorgan in using digital tokens for short-term trading in fixed income markets as some of the world’s largest investment banks step up efforts to modernize the $12 billion market with the blockchain technology. The French bank has joined a blockchain-powered network run by its American rival, which has already attracted more … Read more