#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 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 6 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 8 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 5 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 8 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 12 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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ForkLog 5 30.08.2023

SEBA Bank secures Hong Kong regulator’s approval

The licensed Swiss cryptocurrency bank SEBA has received in-principle approval from the SFC to conduct digital-asset activities in Hong Kong.

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ForkLog 7 23.08.2023

BlockTower backs Maple Finance in $5 million funding round

DeFi platform Maple Finance closed a strategic funding round worth $5 million, led by BlockTower Capital and Tioga Capital.

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ForkLog 12 16.08.2023

VTB, QIWI Bank and Alfa-Bank test the digital ruble

The Russian credit and financial institutions conducted the first operations with the digital ruble as part of testing the new asset.

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ForkLog 15 16.08.2023

Two Uzbek banks granted permission to issue crypto cards

NAPP Uzbekistan approved private Ravnaq Bank and Kapital Bank's participation in the digital sandbox with the ability to issue cryptocurrency cards.

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ForkLog 7 14.08.2023

PayPal to launch cryptocurrency hub for select users

PayPal will launch a cryptocurrency hub for select users — a service for storing and interacting with digital assets on the platform.

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ForkLog 6 09.08.2023

Fed requires banks to obtain approvals for stablecoin operations

The U.S. Federal Reserve has intensified oversight of state-controlled banks involved in cryptocurrency and stablecoin operations.

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