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Tag: National Bank

OCC Signals It May Be Less Crypto-Friendly Than Brian Brooks Regime

Acting Comptroller of the Currency Michael Hsu is calling for a review of the cryptocurrency guidance issued by the OCC under his predecessor.

Mike Cagney from Figure Technologies Says their Blockchain Enabled Provenance Platform can Open Up Universe of Security Tokens

Figure Securities, a division of the digital lending service provider Figure Technologies, has reportedly acquired approval from the US Securities and Exchange Commission...

Mogo Set to Acquire Canadian Broker-Dealer Fortification Capital

Mogo Inc. (NASDAQ: MOGO) (TSX: MOGO) a Canada-based digital payments and financial technology company, announced on Monday it is set to acquire Fortification...

What do the Fed’s draft standards for vetting ‘novel institutions’ mean for crypto banks?

Earlier this month, the U.S. Federal Reserve put out proposed new standards for appraising "novel institutions" looking to access the Fed's payments and accounts services.

The post What do the Fed’s draft standards for vetting ‘novel institutions’ mean for crypto banks? appeared first on The Block.

Banking-as-a-Service (BaaS) Empowers Any Brand to Offer Financial Services

Embedded finance opens new opportunities, but secure data exchange is essential Digital banking is not new – major banks began to offer internet banking...

European Union Country Plans 50% Crypto Tax Cut to Attract Billions

The lawmakers in Hungary are planning to cut down crypto tax by 50% on the capital gains with an aim to attract billions to its budget.

Mike Cagney’s Figure Technologies Scores Regulatory Approval to Operate Alternative Trading System

Figure Technologies, a lending platform that uses blockchain technology, announced on Wednesday its subsidiary, Figure Securities, Inc. has become a FINRA-approved broker-dealer and...

Teslar Software signs The National Bank of Texas

Teslar Software, provider of portfolio management tools that aggregate and automate lending and deposit operations for community financial institutions, announced today that...

Hungary plans Bitcoin tax cut as part of economic recovery program

Lawmakers are reportedly planning to cut taxes on Bitcoin gains in half, possibly as early as 2022.

Singapore’s DBS Declares Immense Crypto Trading Growth

A main monetary administration group  settled in Singapore, DBS, discussed the presentation of its crypto trade during the media preparation for its first-quarter income results a week ago. DBS works across 18 business sectors. The bank dispatched a digital exchange in December a year ago. DBS Bank CEO Piyush Gupta clarified, “Our digital exchange capabilities are much like Coinbase.” He [...]

The post Singapore’s DBS Declares Immense Crypto Trading Growth appeared first on Coin News Asia.

Cambodia Bank SBI LY HOUR Launches Cross-border Payment Solution Using RippleNet

Smartphone with Ripple coming out of the screen
Smartphone with Ripple coming out of the screenCambodian bank SBI LY HOUR Bank has launched the first blockchain-based remittance services between Cambodia and Vietnam. This solution is expected to improve cross-border transactions between the two countries.  Blockchain transfer via RippleNet The development was revealed by local news outlet phonmpenhpost on Monday, May 10. According to the report, the new blockchain solution will be powered
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The central bank of Georgia explores the idea of launching a CBDC.

The central bank of Georgia has revealed that it is assessing whether to launch a central bank digital currency (CBDC). If the bank goes ahead, it will join countries like China, Japan, and many others. The National Bank of Georgia said this week it was considering launching a digital Lari, which it hoped would help […]

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