#Banks and Fintech

The spread and regulation of cryptocurrencies and blockchain technology in the banking industry and fintech applications.

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ForkLog 14 15.11.2023

Singapore central bank expands asset-tokenisation initiatives

Participants in Project Guardian, led by MAS, have launched five additional pilot projects to test asset tokenisation use cases.

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ForkLog 20 08.11.2023

HSBC to launch custody service for tokenised securities

HSBC, the United Kingdom's largest bank, will offer institutional clients a custody service for tokenised securities in 2024.

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ForkLog 15 30.10.2023

KBank acquires Thai crypto exchange for $102.8 million

Kasikorn Bank (KBank), the second-largest by assets in Thailand, acquired a 97% stake in the parent company of Satang, the operator of the local bitcoin exchange.

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ForkLog 19 26.10.2023

JPMorgan’s JPM Coin daily turnover hits $1 billion

JPMorgan processes a 'significant volume' of transactions per day through the JPM Coin system.

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ForkLog 10 23.10.2023

Banks’ potential losses from the digital ruble estimated at ₽95 billion

The introduction of the digital ruble will deprive banks of commission income from card processing, but in the long run its impact on profitability will be moderate.

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ForkLog 15 22.10.2023

Binance to discontinue Visa debit card services in Europe

The cryptocurrency exchange Binance has announced that it will cease issuing and servicing the Visa debit card in the European Economic Area.

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ForkLog 17 10.10.2023

Bank of Russia: foreign banks to gain access to the digital ruble in 2025

From 1 January 2025, foreign credit institutions will be able to open accounts for the digital ruble. This follows from the Bank of Russia's project.

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ForkLog 12 02.10.2023

Banks estimate the cost of implementing the digital ruble

The rollout of CBDC could require Russian banks to spend hundreds of millions of rubles. Such figures were cited by Kommersant, according to representatives of financial institutions.

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ForkLog 10 26.09.2023

British Chase Bank to halt transfers to crypto startups

From October 16, the second-largest by assets in the United Kingdom, Chase Bank, will stop processing payments to crypto companies due to an increase in fraud cases related to digital assets. CoinDesk reports this.

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ForkLog 10 18.09.2023

Hong Kong crypto firms barred from describing themselves as banks

The Hong Kong Monetary Authority warned unauthorised crypto companies not to describe their services as banking.

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ForkLog 13 31.08.2023

SWIFT flags compatibility hurdles between TradFi and blockchains

In the near term, combining traditional finance with blockchains is preferable to tokenised assets in a single registry. SWIFT reached this conclusion.

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ForkLog 14 30.08.2023

Media: Tether signs partnership with Bahamian bank

The issuer of the {{AOPEN_1}}stablecoin{{ACLOSE_1}} USDT, Tether, has signed an agreement with the private Bahamian bank Britannia Bank & Trust to process dollar transfers.

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