Banks and Fintech | ForkLog

ForkLog 24 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Qiwi Bank’s license was revoked due to high-risk operations, specifically mentioning cryptocurrency exchanges.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 […]

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ForkLog 10 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 […]

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ForkLog 11 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 […]

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ForkLog 16 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 […]

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ForkLog 16 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 […]

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ForkLog 10 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.

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ForkLog 10 15.12.2023

Paxos notes TradFi interest in digital assets

Paxos: 99% of surveyed US-based financial-services firms in 2023 gave at least the same level of attention to crypto projects as in previous years.

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ForkLog 12 05.12.2023

Brazil’s largest bank opens Bitcoin and Ethereum trading

The Brazilian bank Itau Unibanco launched a cryptocurrency trading service for its clients.

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ForkLog 10 20.11.2023

Santander offers cryptocurrency trading to Swiss clients

The Swiss-based private-banking arm of the Spanish bank Santander has opened the option for 210,000 high-net-worth clients to trade and store Bitcoin and Ethereum.

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ForkLog 9 20.11.2023

Mastercard to boost crypto-transaction monitoring with Feedzai

Mastercard agreed to partner with regtech platform Feedzai to integrate its tools into a bank-focused product CipherTrace Armade.

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ForkLog 15 20.11.2023

Bybit, Bitstamp and several other exchanges began providing client data to Russian banks

Several foreign crypto exchanges are already cooperating with Russian arbitration managers in locating debtors’ digital assets.

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ForkLog 10 17.11.2023

Lawyer explains the legality of tracing a debtor’s bitcoin wallets in Russia

A form for requests to cryptocurrency exchanges to locate the digital assets of bankrupt individuals has circulated online. We explain the legitimacy of such inquiries.

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