Banks and Fintech | ForkLog

ForkLog 8 07.03.2024

Ukraine’s Central Bank to Involve Citizens in E-Hryvnia Pilot

In the latter half of 2024, the National Bank of Ukraine (NBU) will initiate another pilot project to test the digital hryvnia, involving banks and interested citizens. This was announced by Andriy Podderegin, Director of the Payment Systems and Innovative Development Department of the regulator, in an interview with local media. Financial institutions will conduct […]

AI translated

ForkLog 9 05.03.2024

Deutsche Börse Launches Crypto Exchange Targeting Institutional Investors

The stock exchange operator Deutsche Börse has launched a regulated platform focused on institutional investors for spot trading, settlement, and custody of cryptocurrency assets, named Deutsche Börse Digital Exchange (DBDX). Settlement and custody services will be provided by its subsidiary Crypto Finance (Deutschland), which holds licenses from BaFin. “We will ensure transparent and secure market […]

AI translated

ForkLog 10 04.03.2024

Michael Saylor Declares a ‘Gold Rush’ for Bitcoin

Spot Bitcoin ETFs have accelerated the adoption of digital gold among institutions. This trend will be bolstered by the rise of autonomous artificial intelligence, according to MicroStrategy founder Michael Saylor. MUST WATCH‼️ — Michael Saylor: We are in the Bitcoin Gold Rush era. It started in January 2024 and will last until the end of […]

AI translated

ForkLog 9 29.02.2024

Bank of Russia Issues New Cryptocurrency Guidelines for Banks

The Bank of Russia has stated the need to minimize the involvement of financial institutions in activities related to the circulation of digital currencies. In particular, the advertising of services for the circulation of such instruments is deemed undesirable. Commercial banks are advised to identify transactions involving the purchase and sale of digital currencies using […]

AI translated

ForkLog 8 28.02.2024

Tether CEO Predicts Wall Street’s Growing Investment in Bitcoin ETFs

Bitcoin is set to further integrate into TradFi as interest in Bitcoin-based ETFs grows among institutions and corporations, according to Tether CEO Paolo Ardoino, reports The Block. The executive estimates an increasing number of managers are willing to allocate up to 5% of their assets to digital gold. He predicted that following the attainment of […]

AI translated

ForkLog 8 21.02.2024

Swiss PostFinance Introduces Cryptocurrency Trading for Clients

On February 21, Swiss bank PostFinance launched a service for buying, selling, and storing digital assets. The financial institution serves a client base of 2.5 million people. PostFinance is leading the way in the Swiss financial sector and launching an innovative crypto service in the morning of 21 February 2024. All details can be found […]

AI translated

ForkLog 13 21.02.2024

Russian Central Bank Revokes License of Qiwi Bank Amid Cryptocurrency Exchange Transfers

Qiwi Bank’s license was revoked due to high-risk operations, specifically mentioning cryptocurrency exchanges. The closure of the payment system will not affect legitimate market players. The regulator’s statement in this case does not pertain to the crypto industry. On February 21, the Russian Central Bank revoked the license of Qiwi Bank for systematic violations of […]

AI translated

ForkLog 7 16.02.2024

US Banks Seek Greater Role in Bitcoin ETF Management

The association of major US banks sent a letter to SEC Chairman SEC Gary Gensler, requesting a change in the definition of crypto assets to allow financial institutions to participate in the custody of spot Bitcoin ETFs. Signatories included the Bank Policy Institute, the American Bankers Association, the Financial Services Forum, and the Securities Industry […]

AI translated

ForkLog 10 14.02.2024

Taurus Partners with Lido for Liquid Staking Integration

Regulated FINMA institutions will be able to offer clients liquid staking services thanks to a partnership between Swiss infrastructure startup Taurus and LSD provider Lido Finance. We’re thrilled to announce our strategic partnership with Lido Protocol, bringing custody and staking support for staked Ethereum (stETH) to Taurus-PROTECT! ?https://t.co/nLndZnvfCs@LidoFinance pic.twitter.com/Kc8bbFKlui — Taurus (@taurus_hq) February 14, 2024 […]

AI translated

ForkLog 13 31.01.2024

Seventeen More Banks Join Digital Ruble Testing

Seventeen additional banks have joined the pilot project for testing the digital ruble, having signed the necessary agreements. This was reported by the Central Bank of Russia. The new participants include Sberbank, Tinkoff Bank, Rosselkhozbank, Russian Standard Bank, Novikombank, Tochka Bank, the settlement non-bank credit organization “Dengi.Mail.Ru”, Expobank, RNKB, AB “Russia”, MSP Bank, VBRR, Orenburg […]

AI translated

ForkLog 14 12.01.2024

Banks’ Stance on Bitcoin ETFs: From Restriction to Broad Access

Banks Citi and UBS are set to add spot bitcoin ETFs to the list of trading instruments available to their clients, in contrast to the stance of several other major institutions. This was reported by CoinDesk. A source from UBS informed the publication that the product will be unavailable to account holders with lower risk […]

AI translated

ForkLog 9 25.12.2023

Nigerian central bank lifts ban on cryptocurrency trading

The Central Bank of Nigeria has lifted the ban on cryptocurrency operations and said that the market should be regulated.

AI translated

#Banks and Fintech