#Banks and Fintech

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

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ForkLog 7 07.08.2023

Banks flag wary attitude toward the digital ruble

The Association of Banks of Russia has approached the Bank of Russia with proposals for the digital ruble, citing an extremely wary attitude among citizens toward the asset.

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ForkLog 16 01.08.2023

Trustee Plus unveils its crypto-payment card

The Ukrainian cryptocurrency neobank Trustee Plus has begun issuing payment cards that will allow spending with digital assets at points of sale.

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ForkLog 6 31.07.2023

Australian Bendigo Bank restricts transfers to Bitcoin exchanges

One of Australia’s largest banks — Bendigo Bank — announced the blocking of 'high-risk crypto payments' to protect customers from fraud.

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ForkLog 4 25.07.2023

EBA to impose additional rules on stablecoin issuers

Stablecoin issuers whose reserves consist of derivatives or covered bonds will face additional regulation. This stems from the draft of new EBA rules, CoinDesk reports.

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ForkLog 3 24.07.2023

South Korean banks study alternatives to stablecoins and CBDC

South Korea's Hana Bank and Woori Bank have begun studying so-called tokenized deposit certificates. The institutions see them as an alternative to stablecoins and CBDC, Maeli Business News Korea reports.

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ForkLog 7 21.07.2023

Utopia Labs launches USDC-based B2B solution

The Paradigm-backed firm Utopia Labs launched an Ethereum-based solution that allows companies to 'transfer USDC to any US bank account in the United States'.

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ForkLog 8 20.07.2023

Myanmar’s parallel government to launch neobank on Polygon

The Myanmar National Unity Government (NUG) will launch a neobank on the Polygon platform to fund the fight against the military that seized power in the coup.

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ForkLog 10 19.07.2023

Shinhan Bank and Hedera test cross-border payments via stablecoins

South Korea's Shinhan Bank has successfully completed a proof of concept for using stablecoins for international money transfers. Hedera Hashgraph served as the base for the experiments.

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ForkLog 7 10.07.2023

Bitcoin trades at a discount on Binance.US

On July 10, Bitcoin, paired with the U.S. dollar on Binance.US, was trading at about $2,200 (~7.3%) discount to its value against USDT, according to CoinGecko.

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ForkLog 6 05.07.2023

Danish authorities order Saxo Bank to wind down cryptocurrency trading

The Danish Financial Supervisory Authority has ordered Saxo Bank to liquidate its digital-asset positions by the end of 2024. The regulator said proprietary cryptocurrency trading is not among the permitted activities for financial institutions. Saxo Bank had launched a crypto trading platform for clients and, for hedging, added an undisclosed amount of digital assets to its balance sheet.

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ForkLog 7 04.07.2023

Swiss bank to release NFT collection to support women’s football

Credit Suisse will release an NFT collection on the Ethereum network to support women's football in Switzerland.

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ForkLog 10 29.06.2023

Central banks test Curve AMM technologies for CBDCs

The BIS Innovation Hub, in collaboration with the central banks of France, Switzerland and Singapore, conducted tests of Curve v2 hybrid function{{AOPEN_1}} automated market maker{{ACLOSE_1}} for operations in wholesale CBDC pools.

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