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UnionBank Head Foresees the End of Physical Cash

News Edwin Bautista, president and chief executive of UnionBank of the Philippines, has forecast that the coronavirus outbreak will drive banks to shift towards digital currencies, leaving physical cash behind. As Euromoney reported on April 3, Bautista noted that the pandemic provoked a heightene..

Brazilian Regulators Create DLT Platform for Screening Politicians

News Four of Brazil’s financial regulatory institutions are collaborating to build a streamlined blockchain-based data-sharing platform to perform background checks on political representatives and corporations. The platform, dubbed PIER, was developed by Brazil’s central bank Banco Central do Bra..

Bank of France Launches Experiment Program on Central Bank Digital Currency

News As a number of global jurisdictions like the Bahamas and Sweden are already testing their central bank digital currencies (CBDC), French central bank is getting more straightforward regarding its own CBDC plans. The Bank of France is now officially launching a program of experiments to test t..

Santander to Extend Ripple-Powered Payments Solution to Mexico This Year

News Major Spanish bank Santander plans to roll out its Ripple-powered international payments system One Pay FX in Mexico in 2020. In a Form 20-F filed with the United States Securities and Exchange Commission on March 6, the bank revealed that Mexico will be offering the service in early 2020. Th..

South Korea’s Largest Bank Launch a Crypto Custodial Service

News Major South Korean bank KB Kookmin Bank is expected to launch a cryptocurrency custody service in the near future. According to a report from local news outlet Digital Today on March 27, the bank filed a trademark application for KBDAC, referring to a proposed Digital Asset Custody subsidiary..

China and UK’s Planned Digital Currencies Appear to Have Little in Common

News As major central bank digital currency (CBDC) projects develop apace, it is becoming clear that not all digital coins will look, or even function the same way. A recent analysis by Chinese financial media group InterChain Pulse reveals that two of the most visible such projects — those of the..

Indian Tech Giant Mahindra Speeds Up Cross Border Transactions with Blockchain

News Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, has become the first Indian business to use R3’s blockchain-based Marco Polo Network for conducting cross-border transactions. It said the platform had resulted in faster reconciliation and ambiguity resolution, as well a..

Russian Ministry Wants to Test Crypto and Blockchain in Regulatory Sandboxes

News Amid regulatory uncertainty for cryptocurrencies in Russia, a federal ministry introduced legislation that would legalize crypto and blockchain within a special regulatory environment. The Ministry of Economic Development of the Russian Federation has reportedly prepared a draft law that woul..

Silvergate Bank Clients Experience Money Transfer Issues from Fedwire

News A cryptocurrency-friendly firm is having problems receiving money transfers. According to sources available to Cointelegraph, clients at Silvergate Bank have been experiencing issues with certain types of wire transfers since Friday. The firm has stated an outage by their payment processor, F..

STO Platform’s Registration with Traditional Bank Helps Move Security Tokens Forward

News Security token offering (STO) platform, Blockpulse, has obtained registration with the ACPR Bank of France. Blockpulse “registered at ACPR Banque de France with its partner, Lemonway, the leading European digital payment solution for investment platforms,” Blockpulse COO Marien Irzykiewicz to..

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