Banks and Fintech | ForkLog

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ForkLog 12 25.10.2021

Nium launches crypto platform for institutional clients

The Singapore-based payments service Nium has launched a Crypto-as-a-Service (CaaS, cryptocurrencies as a service). It targets US-registered banks, corporations and fintech startups.

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ForkLog 7 15.10.2021

Morgan Stanley chief says clients show limited interest in Bitcoin

Cryptocurrencies and the blockchain technology behind them have proved durable, but among Morgan Stanley's clients digital assets do not command significant demand. This was stated by Morgan Stanley chief executive James Gorman.

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ForkLog 10 14.10.2021

Tala, working with Circle and Stellar, raises $145 million

The fintech Tala raised $145 million to expand financial services and develop a cryptocurrency product for developing markets.

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ForkLog 7 05.10.2021

One of America’s largest banks announces launch of Bitcoin custody service

The fifth-largest bank in the United States by assets, U.S. Bank, plans to offer clients a custody service for cryptocurrencies.

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ForkLog 15 30.09.2021

Fintech company co-founded by a PayPal co-founder will give clients access to cryptocurrencies

Affirm, the fintech company co-founded by PayPal co-founder Max Levchin, will allow customers to trade cryptocurrencies directly from savings accounts.

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ForkLog 13 28.09.2021

Coinbase to launch payroll-to-crypto service

In the coming weeks, Coinbase will launch a service to convert salaries into cryptocurrency. To this end, the American bitcoin exchange will work with leading players in the recruitment and payroll settlements sectors.

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ForkLog 15 15.09.2021

Bank of Russia proposes curbing bank payments to Bitcoin exchanges

The Bank of Russia, together with credit institutions, will create a mechanism to block payments to cryptocurrency exchanges.

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ForkLog 9 13.09.2021

Lawyers assess threat posed by Bank of Russia’s new recommendations for bitcoin exchanges

Bank of Russia recommendations on banks' monitoring of potentially suspicious operations, including those related to bitcoin exchanges, are not law, but reflect a trend of indirect suppression by the regulator of cryptocurrency turnover in Russia. This view was expressed by lawyers interviewed by ForkLog.

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ForkLog 10 13.09.2021

US Treasury weighs threats and benefits of stablecoins in talks with banks

US Treasury officials discussed risks and benefits of stablecoins with representatives from the banking community and credit unions, Reuters reports, citing its own sources.

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ForkLog 19 13.09.2021

Bank of Russia recommends blocking cards and accounts for transactions with bitcoin exchanges

The Bank of Russia has defined criteria that will enable banks to identify cards and electronic wallets used by the shadow economy. The regulator regards cryptocurrency exchanges, as well as illegal online casinos, financial pyramids and illegal forex dealers.

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ForkLog 12 10.09.2021

BIS urges central banks to accelerate CBDC development

Stablecoins and the DeFi sector will challenge the business models of traditional banks, so monetary regulators should accelerate the creation of official alternatives to private instruments. This was stated by BIS head Benoît Cœuré.

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ForkLog 8 06.09.2021

BTC Markets to add financial services via Volt neobank

Australia's leading cryptocurrency exchange BTC Markets announced the addition of integrated banking services to its platform thanks to a partnership with licensed neobank Volt.

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