Category: Banking

Indian Supreme Court Postpones Crypto Case to November

Indian Supreme Court Postpones Crypto Case to NovemberThe Supreme Court of India on Tuesday once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case today. Also read: RBI Ban Stops Indian Police […]

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Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M Accounts

Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M AccountsSberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients is now being sold on the black market. Initial analyses suggest the trove of data for sale is real, highlighting the risks associated with traditional banking. Also read: Turkish Government […]

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New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals

New Evidence Escalates Panic as RBI Still Limits Bank WithdrawalsCustomers of a cooperative bank with 137 branches across India still do not know the fate of their money, which was restricted by the central bank. Evidence of alleged bank fraud has since surfaced, but the RBI still insists that India’s banking system is safe, despite many citizens being unable to withdraw their money. Also […]

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Swiss Banks Team With Fintechs to Enter the Crypto Space

Swiss Banks Team With Fintechs to Enter the Crypto SpaceMultiple joint projects between banks and crypto companies based in Switzerland now offer customers the opportunity to invest in digital assets and take advantage of banking services related to cryptocurrencies. It’s all happening in a regulated environment, generally friendly towards the growing crypto industry. The latest partnership between a traditional institution and a fintech startup […]

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Major German Stock Exchange Group Launches Crypto Trading

Major German Stock Exchange Group Launches Crypto TradingBoerse Stuttgart Group, which operates Germany’s second-largest stock exchange, has launched a regulated crypto trading platform, in partnership with Solarisbank. Customers can connect directly to the new exchange and trade bitcoin against the euro without a broker. Also read: Indian Parliament Member Helping Crypto Community Influence Regulation German Regulated Crypto Trading Platform The group which […]

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How Cryptocurrencies Can Mitigate Some of Brexit’s Negative Effects

How Cryptocurrencies Can Mitigate Some Negative Effects of BrexitBrexit, the European divorce saga that has been going on for years, has created a lot of headaches for politicians and ordinary people on both sides of the Channel. The process of Britain leaving the European Union is now heading towards another one of its deadlines while London and Brussels are trying to separate with […]

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Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will

Catering to Crypto Clients, Small Banks Embrace an Opportunity Big Players Are Missing Out OnCryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant to get their feet wet. Smaller banks, however, are more willing to occupy this […]

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Crypto Banking Expands With Positive Interest Rates and New Services

Crypto Banking Expands With Positive Interest Rates and New ServicesBanking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks there have started passing the burden to […]

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Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide

Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands WorldwideBanking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup is preparing to shrink its trading staff slashing […]

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Unbanked for Buying Bitcoin: How the Financial System Criminalizes Crypto

Unbanked for Buying Bitcoin: How the Financial System Criminalizes CryptoWhen we think of the unbanked, we envisage citizens of developing nations who lack the means and documentation to obtain access. But you don’t have to be a Mongolian goat herder to find yourself financially excluded. In the West, relatively affluent citizens are having their banking services withdrawn suddenly and without warning. Their ‘crime’? Buying […]

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11 Cryptocurrency Initiatives Indian Government Has Taken

11 Cryptocurrency Initiatives Indian Government Has TakenThe Indian government has engaged in numerous crypto-related initiatives and projects while actively drafting the regulatory framework for cryptocurrencies. Below are 11 crypto-specific initiatives that the government has been involved in. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Committee to Draft Crypto Law An interministerial committee under the chairmanship of Subhash […]

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PR: BitCash Offers Fiat Banking Tools and Stability

BitCash Offers Fiat Banking Tools and StabilityBitCash – a new cryptocurrency ecosystem developed by blockchain engineer and serial entrepreneur Christian Kassler – launched on 28 August 2018. Combining traditional fiat banking tools and stability in one, BitCash seeks to be the world’s most useable, and most used, cryptocurrency.

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These Indian Crypto Exchanges Share What Sets Their P2P Platforms Apart

These Indian Crypto Exchanges Share What Sets Their ‘P2P’ Platforms ApartMany cryptocurrency exchanges in India offer some kind of peer-to-peer (P2P) trading. News.Bitcoin.com talked to several of them to find out what is unique about each platform, most of which were launched in response to the banking restriction imposed by the country’s central bank. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request […]

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Indian Supreme Court Confirms New Date for Crypto Case

Indian Supreme Court Confirms New Date for Crypto CaseThe Supreme Court of India has set a new date to hear the crypto case. News.Bitcoin.com has learned what happened in the latest hearing when the government was expected to deliver crypto regulation and why the case was adjourned within minutes. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Crypto Case Update […]

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New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia

New Crypto-Friendly Banking, Payment Services Offered in the UK and RussiaTwo companies from different parts of Europe have recently announced new products that cater to the financial needs of businesses in the crypto industry. The services range from opening bank accounts to providing payment processing solutions. Developers say they will give crypto companies the peace of mind they need to focus on their core activities […]

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Indian Supreme Court Postpones Crypto Case at Government’s Request

Indian Supreme Court Postpones Crypto Case at Government's RequestIndia’s supreme court has postponed hearing the crypto case at the request of the government’s counsel. The court was expecting to hear about the country’s cryptocurrency regulation today before proceeding to address the banking ban by the central bank. However, the case has now been postponed. Also read: Indian Supreme Court Set to Hear Crypto […]

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How the World’s Leading Banks Help Launder $2 Trillion a Year

The World's Leading Banks Help Launder $2 Trillion a YearSome of the most well known banks in the world are also the biggest money launderers. The recent Troika Laundromat affair added another $8 billion to the trillions financial institutions wash every year. Over $2 trillion is laundered annually by criminals who utilize various ways to hide money in banks, which are often complicit or […]

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Indian Crypto Exchange Wazirx Taking Auto-Matching P2P Services Global

Indian Crypto Exchange Wazirx Taking Auto-Matching P2P Services GlobalCryptocurrency exchange Wazirx is expanding globally. “While India has a banking ban,” the CEO of the exchange told news.Bitcoin.com, “we realized there’s banking trouble in a lot more countries.” Over 40 cryptocurrencies will be available to all major countries, with the exchange’s auto-matching P2P services to launch one country at a time based on user […]

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Most Popular Cryptocurrencies in India According to Exchanges

India’s Most Popular Cryptocurrencies According to ExchangesSeveral Indian crypto exchanges have shared data with news.Bitcoin.com on the most traded cryptocurrencies on their platforms so far this year. Crypto enthusiasts in India have been buying and selling a wide range of cryptocurrencies despite the central bank’s roadblock which stops crypto exchanges from accessing banking services. Also read: Indian Government Confirms Cryptocurrency Regulation […]

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Indian Supreme Court Advocate Says Cryptocurrencies Cannot Be Regulated

Indian Supreme Court Advocate Says Cryptocurrencies Cannot Be RegulatedA supreme court advocate has explained the limitations of the Indian government’s power to regulate cryptocurrency, determining that the court should not get involved. Meanwhile, the crypto community awaits the government’s regulatory framework and the supreme court hearing of the petitions against the banking ban by the central bank. Also read: SEC Chair Explains Key […]

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Indian Government Confirms Cryptocurrency Regulation in Final Stages

Indian Government Confirms Cryptocurrency Regulation in Final StagesThe government of India has told the country’s supreme court that the committee tasked with drafting crypto regulation is in the final stages of deliberations. The court plans to hear the petitions against the banking ban by the central bank after the government produces crypto regulation. Also read: Indian Supreme Court Gives Government 4 Weeks […]

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Crypto Exchange Globitex Launches Banking Solution With Instant Transfers

Crypto Exchange Globitex Launches Banking Solution With Instant TransfersCryptocurrency exchange Globitex has launched a new service called the Euro Wallet which allows users to make and receive euro payments in their personal IBAN accounts like any other European bank account. The company claims that this service is a solution to banks closing accounts of crypto businesses. Also read: Indian Supreme Court Moves Crypto Hearing, […]

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Bitfinex Partnered With at Least 6 Different Banks During 2018

22 months since Wells Fargo suspended the processing of withdrawals sent by four Taiwanese banks that service Bitfinex, the platform remains among the top 20 exchanges by adjusted volume. While Bitfinex hosted more than $5 billion in trade this past month, the exchange has struggled to establish reliable banking partners, with traders seeking to deposit […]

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