New York state financial regulators have authorized a blockchain-based payments system offered by a local commercial bank. The Department of Financial Services of New York (NYDFS) has authorized a blockchain-based digital platform offered by a local bank, an official NYDFS press release states Dec. 4. NYDFS superintendent Maria T. Vullo announced today that the department […]
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The largest private bank in Brazil, Itau Unibanco, has tested a $100 million loan on a blockchain platform powered by R3. Brazil’s largest private bank has partnered with United Kingdom bank Standard Chartered to create a blockchain-based platform for small loans, according to a press release published by Itau Tuesday, Dec. 4. Itau Unibanco, also […]
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A new blockchain accelerator set to launch in Singapore is backed by a government body supporting enterprise development. Singaporean government body Enterprise Singapore, along with other partners, has supported a new blockchain accelerator launched by a local venture capital firm, daily local newspaper The Straits Times writes Tuesday, Dec. 4. Trive Ventures has launched the […]
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Fintech firms including blockchain startups will be able to apply for the new fintech license with Switzerland’s FINMA starting from Jan. 1, 2019. The Swiss Financial Market Supervisory Authority (FINMA) has released guidelines for their new “FinTech” license, according to a FINMA official press release released Dec. 3 The Swiss financial regulator revealed that license […]
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The general director of Beijing’s financial watchdog has warned that Security Token Offerings (STO) are illegal in the city. The director general of the Beijing Municipal Bureau of Financial Work has warned that Security Token Offering (STOs) fundraising is “illegal” activity, independent Beijing-based media outlet Caijing reported on Dec.1. The Beijing Municipal Bureau of Financial […]
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A Saudi-based development bank subsidiary will develop various blockchain products for the Islamic banking sector. Saudi Arabian developmental institution the Islamic Development Bank Group (IsDB) has partnered with a Tunisian startup to develop interbank blockchain tools, a press release confirmed Nov. 29. IsDB, which will conduct the project through its private sector subsidiary, the Islamic […]
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Ohio businesses can soon pay taxes in Bitcoin, while Nasdaq looks ahead to a Bitcoin futures launch. Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week […]
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BaFin, the German financial watchdog, has warned the public about a crypto offering that was allegedly operating without permission or oversight from regulatory authorities. The German Federal Financial Supervisory Authority (BaFin) issued a warning Nov. 29 that a firm called Platin Genesis DCC is not authorized or approved by the proper authorities. In the warning, […]
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Texas: the CEO of a “decentralized bank” crypto firm accused of defrauding investors out of over $4 million was arrested by the FBI. The CEO of cryptocurrency firm AriseBank was arrested by the FBI Nov. 28 on charges of defrauding hundreds of investors out of over $4 million. The news was reported in a release […]
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sponsored Crypto hardware is rarely glamorous – but one company has taken a leaf out of Apple’s playbook by creating a sleek wallet for storing digital assets. A platform which aims to demystify crypto and bring it to the masses through a suite of blockchain-driven financial services has launched its latest product: a hardware wallet […]
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