BANK
Thai Bank SCB Acquires Local Crypto Exchange Bitkub for $536.7M
Thailand’s oldest bank Siam Commercial Bank Plc (SCB), has completed the acquisition by acquiring a majority stake of local cryptocurrency exchange Bitkub.
Major Brazilian Investment Bank BTG Pactual Opens Crypto Trading Services to Customers
BTG Pactual, a central investment bank in Brazil, is developing its cryptocurrency trading service in response to increased demands from its customers who want to invest in crypto assets.
Citigroup Sets to Begin Trading Bitcoin Futures for Institutional Clients
Citigroup plans to start trading Bitcoin futures on the Chicago Mercantile Exchange and launch Bitcoin exchange-traded notes later. The bank intends to offer this new service for specific institutional clients.
South Korean Banks Earns More Than Double Revenue from Crypto Transactions in Q2
Despite heavy fluctuations in the cryptocurrency market in the second quarter of this year, South Korean banks enjoyed a sharp increase in revenue from crypto transaction fees.
Circle Files with The US SEC Intends to Become a National Cryptocurrency Bank
Circle intends to become a full reserve national commercial bank as a part of the potential solution, the company explains its core services heavily rely on third parties that create business risks.
Colombian Bank Banco de Bogotá to Support Customers to Transfer funds to Crypto Exchange
Colombia-based commercial bank Banco de Bogotá will support customers to transfer funds to cryptocurrency exchanges for trading through its banking services.
Ripple CTO Explains Why Banks Have Been Lagging Behind on XRP Adoption
Ripple’s chief technical officer (CTO) David Schwartz explained why the company’s native XRP cryptocurrency has not been more readily adopted by banks.
Mongolia’s Oldest Bank Will Soon Offer Comprehensive Crypto Services
Mongolia’s Trade & Development Bank (TDB Bank), one of the oldest and largest banks in the nation, has announced plans to enter the crypto space.
Bank of Canada Governor Advocates Globally Coordinated Approach to CBDC
The governor of the Bank of Canada Tiff Macklem has advocated for a “globally coordinated” approach with respect to CBDC development.
Leading Vietnamese Bank Joins RippleNet to Boost Cross-Border Remittances
Orient Commercial Joint Stock Bank (OCB), a large Vietnamese bank with assets worth $4.6 billion, has joined RippleNet as a strategic partner after a 10-month wait.
Estonia's Central Bank Launches Research Project into CBDC
Estonia’s Central Bank also known as Eesti Pank has launched a multi-year research project into central bank digital currencies.
Different Stances on Cryptocurrency Risk Revealed, Many Still Link Crypto to Cyber Fraud
Findings revealed that banks, governments, and cryptocurrency professionals were divided in their stance on digital currencies.
Reserve Bank of Australia Meeting Finds No Strong Case for CBDC or e-AUD
The Reserve Bank of Australia has found no strong public policy-case to issue a retail central bank digital currency (CBDC).
Ripple’s Partner Santander Bank Won’t Use XRP for International Payments Due to Low Adoption
Santander Bank, a major European financial presence and one Ripple’s most prestigious partners is reportedly hesitating to add XRP to its international payments network - One Pay FX
Stakeholders in the Crypto Ecosystem Want US Regulator to Increase Bank's Crypto Capabilities
Stakeholders including the Silvergate Bank have responded to the OCC call recommending the regulator to improve US bank’s crypto capabilities.