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Crypto-Friendly Mobile Banking Firm Revolut to Attempt Raising $500M+

News British mobile banking firm Revolut is negotiating with investors to raise at least half a billion dollars next year, Reuters reports on Nov. 12. Since the end of 2017, Revolut’s app has allowed its users to complete transactions in cryptocurrencies including Bitcoin (BTC), Litecoin (LTC) and..

Could Blockchain Technology Prevent the Next Financial Crisis?

Opinion A central bank’s role is to manage a nation’s currency, money supply and interest rates. The United States did not have a central bank until 1913, when Woodrow Wilson signed the Federal Reserve Act into law. Since then, the Federal Reserve has been accountable for the elasticity of the U.S..

Int’l Bank Regulator Is Studying Crypto Lending Capital Requirements

News Global banking regulator the Basel Committee on Banking Supervision (BCBS) is working to establish how much capital lenders should hold to cover the risks generated by dealing with cryptocurrencies. Business Reporter published the news on Nov. 7 that the Basel Committee — which includes banki..

European Union Drafts Law Suggesting Consideration of Eurocoin

News A draft document issued by the European Union suggests that the union should consider issuing its own digital currency. Will the EU wage war on crypto?Reuters reported on Nov. 5 that the draft in question — which is still subject to amendments — urges member states to develop a common approac..

Tokenized Carbon Credits Exchange for Airlines Launches in Singapore

News Carbon exchange AirCarbon launched a global tokenized carbon credits trading platform in Singapore. Business news outlet Business Times reported on Oct. 30 that the platform will allow firms such as airlines to buy and sell tokens representing carbon offset credits or Eligible Emission Units ..

China to Be First to Launch Digital Currency, Says Think Tank Exec

News An executive at a Chinese economics think tank has said that China’s central bank will be the first to launch a digital currency successfully. According to Chinese tech news outlet Pandaily, Huang Qifan, vice chairman of China Center for International Economic Exchanges (CCIEE), confidently b..

Lithuania’s Central Bank Considering IBM for Its LBChain DLT Platform

News Lithuania’s central bank, Bank of Lithuania, has selected technology behemoth IBM and IT services firm Tieto as the finalists contending to develop its blockchain platform. Financial technology news outlet FintechFutures reported on the contest’s developments on Oct. 23. Per the report, both ..

Bank of Cambodia: We’ll Allow More Control With Blockchain Payments

News Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency in an interview with CNBC published on Oct. 22. Chea said that the National Bank of Cambodia has experimented with domestic blockchain p..

Bitfinex Attempts to Recover $880 Million in New Court Filing

News IFinex, the parent company of major cryptocurrency exchange Bitfinex filed a discovery application to regain access to $880 million in funds. Discovery is a law allowing each party to obtain evidence from the other party or parties through the law of civil procedure before the actual trial. ..

HSBC Enacts First Letter of Credit on a Blockchain in Malaysia

News Major bank HSBC has announced the successful enactment of a letter of credit (LC) on a blockchain in Malaysia. The transactionEnglish language local fintech news outlet Fintech News Malaysia reported the development on Oct. 14, noting that the transaction involved packaging firm Simply Packag..

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