#Banks and Fintech

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

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ForkLog 9 27.04.2023

Gemini chief criticises US authorities for double standards

Cameron Winklevoss, co-founder and chief executive of the Gemini cryptocurrency exchange, accused US regulators of hypocrisy during the First Republic Bank crisis.

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ForkLog 6 24.04.2023

Zimbabwe to launch gold-backed digital currency

The Reserve Bank of Zimbabwe (RBZ) plans to issue a gold-backed digital currency as legal tender to stabilise the economy.

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ForkLog 11 21.04.2023

Metropolitan Commercial Bank Nears Completion of Exit from the Crypto Industry

Metropolitan Commercial Bank is nearing the previously announced exit from the cryptocurrency market, the bank said in a filing to the SEC.

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ForkLog 13 20.04.2023

Regulator: Signature Bank collapse not linked to cryptocurrencies

A spokeswoman for the New York state banking regulator rejected the suggestion that Signature Bank collapsed due to ties to the crypto industry. The Block reports.

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ForkLog 16 17.04.2023

WSJ: Hong Kong banks start serving crypto companies

Hong Kong banks, including a unit of the state-owned Bank of Communications, have begun taking crypto companies as new clients, according to WSJ.

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ForkLog 12 12.04.2023

Hong Kong virtual bank ZA Bank to add cryptocurrency support

The largest virtual bank in Hong Kong, ZA Bank, will act as an intermediary for deposits and withdrawals from cryptocurrency trading platforms. Bloomberg reports, citing the bank's head Ronald Yu.

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ForkLog 7 09.04.2023

WSJ: Binance.US seeks a new banking partner in the United States

The cryptocurrency exchange Binance.US is seeking a new banking partner in the United States. The firm is in talks with several lenders, but thus far has not succeeded, The Wall Street Journal reports.

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ForkLog 10 05.04.2023

Sygnum to help PostFinance launch Bitcoin trading

PostFinance, the government-owned lender, will offer clients trading and custody of digital assets. The initiative will be implemented in cooperation with the regulated cryptocurrency bank Sygnum.

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ForkLog 6 03.04.2023

UK banks tighten rules for crypto firms, reports say

UK-based crypto firms have been having trouble accessing banking services. According to Bloomberg sources, banks have been denying applications, freezing accounts, and requesting more information about client transactions.

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ForkLog 12 29.03.2023

FDIC gives Signature Bank clients a week to withdraw funds

FDIC told Signature Bank that clients with digital assets have until April 5 to close accounts and withdraw their funds. Reuters reports.

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ForkLog 18 27.03.2023

Bloomberg: Chinese banks eye servicing crypto firms based in Hong Kong

Several large Chinese banks have opened accounts or sent requests offering cooperation to crypto firms based in Hong Kong. Bloomberg reports citing informed sources.

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ForkLog 6 27.03.2023

First Citizens BancShares to acquire assets of Silicon Valley Bank

First Citizens BancShares will acquire SVB's assets valued at $72 billion with a discount of $16.5 billion. This follows from the purchase agreement, according to the Federal Deposit Insurance Corporation (FDIC), Bloomberg reports.

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