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MCADE02

15 Jun 23

South Korea’s largest commercial banks exploring security token platforms

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied NongHyup Bank revealed that the leading banks in South Korea, including Industrial Bank of Korea, Shinhan Bank, and Woori Bank, have joined its consortium for security token offerings. The consortium has also witnessed the participation of other financial technology companies such […]

Global Blockchain Congress03

08 Jun 23

Banks and digital asset firms to coexist in third wave of crypto adoption

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The path to standardizing and upgrading cryptocurrency regulation across the globe has seen progress in recent years, as detailed in the recent panel discussion “Crypto Regulation in Europe: The Tipping Point” held during the Money20/20 event today. The panel was spearheaded […]

D Central Launches Innovative03

06 Jun 23

JP Morgan partners with six Indian banks for blockchain-based interbank dollar settlements

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied JP Morgan Chase & Co. has partnered with six Indian banks to launch a blockchain-powered platform for settling interbank dollar transactions in India’s emerging international financial center. The pilot program commenced June 5 and is expected to run for several months, […]

crypto news india low poly style

05 Jun 23

JPMorgan partners with Indian banks to enable dollar trading via blockchain

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Global financial giant JPMorgan has announced a strategic partnership with six major Indian banks to launch a blockchain-based platform to settle interbank dollar transactions. This latest move is part of a broader effort to promote the growth of Gujarat International Finance […]

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16 May 23

FDIC chair takes responsibility for Signature Bank’s collapse, also cites crypto

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A report from the FDIC has revealed that poor management was the primary cause of Signature Bank’s failure, uncovering the key factor responsible for the bank’s downfall. In response, the chair has assumed responsibility for the identified shortcomings, acknowledging accountability for […]

BitClout 2.005

11 May 23

Central banks fear CBDC risks, can’t keep up with fintech regulation

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Fintech Benchmarks 2023 brought into sharp focus the escalating conflict between emerging digital currencies and the traditional institutions that control monetary issuance. A significant proportion of central banks – approximately 73% – identified that their primary hurdle is staying abreast with […]

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04 May 23

Cardano founder and industry leaders celebrate the fall of banks

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Based on recent reports, Cardano’s founders and other key opinion leaders within crypto are celebrating the current banking crisis. A crisis continues to haunt regional banks as First Republic Bank took a fall and needed rescuing. Several other banking networks recorded […]

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29 Apr 23

Taiwan to unveil buying and selling crypto specification for banks

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Taiwan’s Financial Supervisory Commission (FSC) outlined plans to control the country’s banking sector and crypto trade. The FSC plans to implement new regulations in September of this year to strengthen regulation and lessen the dangers associated with these pursuits. The new […]

Bluelight.inc2

19 Apr 23

Warren Buffett dumps crypto-affiliated banks after he sees red flags

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent interview with CNBC, Warren Buffett stated that he dumped his shares in many banks because their management was taking “dumb” risks and employing fraudulent accounting to embellish their profitability. He believed that the banks would eventually pay for […]

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18 Apr 23

US exempts World Bank’s IDA from SEC regulations

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. has excluded the World Bank’s International Development Association (IDA) from the requirements of the Securities Exchange Act of 1934 and the Securities Act of 1933. According to the World Bank, the exemption laws will result in significant savings for […]

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