Wyoming’s New Crypto Banking Law Could Defang New York’s BitLicense
There may be a way for cryptocurrency businesses to get around New York's notoriously hard-to-get BitLicense, and it runs through Wyoming. Source
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Banking
Crypto-Friendly Mobile Banking Firm Revolut to Attempt Raising $500M+
British mobile banking firm Revolut is negotiating with investors to raise at least half a billion dollars next year, Reuters reports on Nov. 12.Since the end of 2017, Revolut’s app has allowed its users to complete transactions in cryptocurrencies including Bitcoin (BTC), Litecoin (LTC) and Ether (ETH).According to Reuters,
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Switzerland-Based Banking Firm SEBA Now Fully Functional After Receiving Licence
After successfully obtaining a banking license from the Swiss Financial Market Supervisory Authority (FINMA), SEBA Bank announces the launch of its services in digital assets and traditional assets banking.In a blog post that announced the launch of the bank’s new crypto services, it reports that the bank will now cater
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Standard Chartered Banking Group Joins Ethereum Enterprise Alliance
International banking group Standard Chartered has become the latest member of a blockchain standard-building organization, the Ethereum Enterprise Alliance (EEA).In a press release issued on Nov. 6, Standard Chartered said the move would allow it to expand its client offerings across its 60 international markets.Standard Chartered is latest EEA
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Swiss Crypto Bank Gets Approved for Singapore Banking License
Swiss-based cryptocurrency bank Sygnum has received the go-ahead to offer banking services in Singapore.Sygnum: license is “important milestone”In a blog post on Oct. 31, Sygnum, which gained a Swiss banking license in August this year, can now proceed with its first product for the Singapore market.Sygnum was the first
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Bank of America Explores Ripple’s Blockchain Technology for its Banking System
American multinational investment bank and financial services company, Bank of America, has silently tested Ripple’s blockchain to incorporate distributed ledger technology (DLT) in its banking and other financial services.This might be the boldest step towards blockchain adoption as Bank of America is one of the largest and most distinguished banks
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Ripple’s Re-affirms Global Banking Deal, SWIFT Takeover Pt 1
Earlier today Ripple reaffirmed their partnership with London based fintech firm Finastra, a major milestone in the SWIFT takeover. The story dropped earlier this year, but the timing of the announcement from Marcus Treacher SVP of Customer Success seems rather prophetic. Finastra is an established fintech player & works with the majority
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ESET Flags New Latin American Banking Trojan That Targets Crypto
Major Slovakia-based antivirus software provider ESET has discovered a banking trojan that can steal cryptocurrencies and is especially widespread in Latin America.Primary targetsKnown as “Casbaneiro” or “Metamorfo,” the newly found malware family targets banks and cryptocurrency services located in Brazil and Mexico, ESET’s editorial arm WeLiveSecurity reports Oct. 3.According
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The Banking Industry Cashes in on the Crypto Craze
In the infancy stages of cryptocurrency development, banks were outwardly hostile towards digital currency. However, the widespread adoption of blockchain-based technology for processing financial transactions quicker, safer, and more efficiently has led to a rethinking of traditional thought processes among notable banking giants. A caveat is in order, however many
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Banking Giant PNC to Deploy RippleNet for Cross-Border Payments
PNC Treasury Measurement revealed that it was going to employ RippleNet’s blockchain technology for processing its cross-border payments.PNC, one of the leading banks in the U.S., has partnered with the major crypto firm Ripple, which specializes in cross-border payment and operates the Ripple (XRP)trade cryptocurrency, to enable the bank building
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