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“# South Korean Shinhan Bank pilots digital currency platform with LG CNS ” Major South Korean commercial bank Shinhan Bank is looking to collaborate with the country’s central bank on developing a national digital currency. Shinhan Bank has developed a blockchain-based pilot platform for a central bank digital currency, or CBDC, in partnership with LG…
“# Hosting a CBDC? Only one of Bitcoin, Ethereum or XRP can do it, says report ” A 44-page report commissioned by CPA Australia delves into the status of Central Bank Digital Currency development worldwide, while exploring viable blockchain candidates for hosting CBDCs in the coming years. The report offers up evaluations of the three…
“# Thai bank’s venture arm invests in institutional crypto custodian Anchorage ” Just last month, SCB 10X — the venture arm of Siam Commercial Bank — had announced its new $50 million fund dedicated to investments in global blockchain, decentralized finance and digital asset startups. The banking institution is Thailand’s oldest bank, established by royal charter…
“# Colombia’s oldest commercial bank pilots crypto services ” Colombia’s oldest commercial banking institution, Banco de Bogotá, is reportedly exploring cryptocurrency-related services. According to a report by local news agency Portafolio, Banco de Bogotá announced Monday that it will participate in a pilot project directed by the Superintendencia Financiera de Colombia, the country’s top financial regulator….
“#Goldman Sachs executive exodus gains steam as top lawyer exits” The exit door at Goldman Sachs is getting quite a workout. The megabank’s head lawyer, Karen Seymour, is reportedly on her way out — marking the third high-profile departure this week. The reason for her departure is unknown, but it might complicate Goldman CEO David…
“# Turkish finance ministry to study cryptocurrency with local regualtors ” Turkey made itself a name as a crypto-friendly country with a “wait and see” approach on digital assets, but that could be about to change as the government is now ready to take things in hand. The Turkish Ministry of Treasury and Finance went…
“# Crypto bank opens physical location in India’s capital as potential regulatory ban looms ” India’s Unicas crypto bank opened its third physical branch last week in New Delhi. Previous locations were launched in Jamnagar and Jaipur. Unicas reportedly allows customers to access fiat and crypto services at the bank, and provides digital loans using…
“# Bitcoin is at a ‘tipping point’ in international trade, Citi says ” The world’s largest cryptocurrency, Bitcoin (BTC), is at a defining moment in history, according to analysis from American investment bank Citigroup. Bitcoin is now at a “tipping point” to either become the preferred currency for international trade or face a “speculative implosion,”…
“# Moving beyond the crisis narrative: Crypto in a post-pandemic world ” Everyone knows the story. When the first block of Bitcoin (BTC) was mined, the protocol itself entered a world of grave economic uncertainty. Not long before the market would hit its lowest point of the 2009 recession, Bitcoin was quietly created, dropped like…
“# One of Switzerland’s leading banks now offers crypto trading ” Bordier & Cie, a Swiss financial institution operating for more than 170 years, has announced a partnership with digital asset bank Sygnum to allow its customers to purchase crypto assets. The integration with Sygnum’s business-to-business banking platform allows Bordier’s clients to purchase Bitcoin (BTC),…