#Banks and Fintech

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

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ForkLog 12 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 15 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 11 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 8 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 9 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 17 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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ForkLog 10 29.06.2023

Mastercard to pilot tokenized bank deposits

Mastercard will launch pilot tests of the Multi-Token Network (MTN). As part of the initiative, the company will conduct experiments with tokenized bank deposits.

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ForkLog 9 27.06.2023

EU reaches agreement on crypto-asset regulation in the banking sector

European Parliament deputies agreed a transitional prudential regime to shield the financial system from unbacked cryptoassets.

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ForkLog 7 26.06.2023

HSBC’s Hong Kong unit enables trading of crypto ETFs

HSBC's Hong Kong subsidiary said its clients can trade Bitcoin and Ethereum ETFs listed on the local exchange.

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ForkLog 24 23.06.2023

Siemens processes euro payments with JPM Coin from JPMorgan

JPMorgan offered JPM Coin stablecoin for euro transactions. The first client was Siemens, the German industrial conglomerate.

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ForkLog 17 23.06.2023

Binance.US unfreezes withdrawals for the near future

The US arm of the cryptocurrency exchange Binance announced a resolution to the problems surrounding USD withdrawals. The company warned that the situation could change in the near future.

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ForkLog 23 23.06.2023

Cryptopay Card Provider Loses EU License

The Bank of Lithuania revoked the Electronic Money Institution license from the EU-based debit card provider for the Cryptopay service — UAB Payrnet.

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