Basel Based Bank Consortium issues Crypto warning to Financial Institutions

A warning has been issued by a consortium of bank regulators through a statement that said crypto-currency could have massive implications for the financial sector. The statement read; “The continued growth of crypto asset trading platforms and new financial products…

JPMorgan Chase Set to Launch its Own Crypto-currency

A United States banking first is upon us with one of the country’s top banking giants, JPMorgan Chase (JPM) launching its own crypto-currency, as reported by CNBC on February 14. The US banking giant is set to popularize its own…

Phillipino Bank Launches Inaugural Crypto ATM

Local publications indicate that Union Bank of the Philippines, which is one of the largest commercial banks in the Philippines, has just launched the country’s inaugural crypto ATM. An official statement from the bank following the launch, said that the…

Financial Action Task Force: Global cryptocurrency regulation framework to be out by June 2019

  The global watchdog for money laundering has announced that it will start publishing its first batch of cryptocurrency regulations by June next year. The Financial Action Task Force (FATF) said there is a great need to implement worldwide jurisdictions…

Baseless propaganda! Goldman Sachs Refutes Claims It’s Shying Away From the Bitcoin Trading Desk Project

Much of the speculation and propaganda has spread on Sachs Goldman’ stance on much-hyped plans to launch a Bitcoin Trading Desk. These speculations came to light, especially after a report by Business Insider announced that Goldman Sachs was deprioritizing its…

Singapore Central Bank Chairman Livid Over Fake Crypto News

The central bank of Singapore has issued warnings over what it terms as “fabricated comments” on crypto by two websites about their chairman who also happens t be deputy prime minister Tharman Shanmugaratnam. The two websites posted this fabricated news…

Standard chartered bank partners with Siemens on a blockchain based pilot test seeking to completely digitize bank guarantees

International banking giant Standard Chartered is reportedly partnering with the financial arm of tech manufacturing giant Siemens I a pilot project geared towards putting bank guarantees for trade finance on a blockchain. A report from IBS intelligence revealed that the…

The Eu to Discuss Further Crypto Regulation but This Could Be a Good Thing

Finance ministers from 28 member countries in Europe will discuss putting in place further regulation on cryptocurrencies due to concerns surrounding illicit activities and a general lack of transparency. According to Bloomberg, the EU finance ministers will convene at a…

India’s Top Bank Discreetly Forms a Unit to Look into Crypto

A new internal unit has been established by the reserve bank of India according to reports. This unit will be tasked with conducting research and regulating emergent technologies. The unit will specifically focus on cryptocurrencies, artificial intelligence (AI) and blockchain…

Juniper Research Reveals Possible 27 Billion in Bank Savings Annually Thanks to Blockchain Adoption

A recent research done by market intelligence outfit Juniper research shows that the deployment of blockchain technology in financial institutions stands to lead to massive savings amounting to over 27 billion dollars on international transactions before the close of the…