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Posts Tagged ‘Bank’

Major UAE Bank Implements Blockchain Tech To Prevent Check Fraud

The National Bank of Dubai (NBD), one of the largest banking groups in the Middle East by assets volume, has reportedly become the first bank in the region to successfully implement Blockchain technology in a check-issuance system to prevent fraud, local news outlet Arabian Business reported Saturday, April 21. According to Arabian Business, the system…

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Saxo Bank Outlook: Crypto Bull Market Could Return in Q2 2018

Wilma Woo · April 19, 2018 · 6:30 pm Saxo Bank analysts have called the beginning of a new period of growth for cryptocurrency prices, eyeing Q2 2018 as a “springboard” for fresh upside. ‘Self-Fulfilling Prophecy’ In its Quarterly Outlook this week, the famously pro-Bitcoin institution said a mixture of global political uncertainty, tightening of…

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250 Corporates Join ICICI Bank Blockchain Test

Banking giant ICICI is moving ahead with a previously revealed blockchain trade finance initiative. Announced Tuesday, the India-based company has enlisted more than 250 corporates to undertake domestic and international trade finance transactions using ICICI’s blockchain platform. Corporate firms have signed up on the bank’s blockchain application and are using the technology in cross-border remittance for the…

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Crypto Reluctance Leads Nowhere Says Lithuanian Central Bank

Melanie Kramer · April 18, 2018 · 6:00 am The central bank of Lithuania has begun talks with commercial banks and virtual currency traders on their attitudes towards cryptocurrencies. Though she acknowledges the risks, Jekaterina Govina, fintech strategy coordinator at the Bank of Lithuania, says: Blind denial, reluctance to understand and to work with the…

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Japanese Official: No Plans For Central Bank Cryptocurrency

Bank of Japan (BoJ), the country’s central banking authority, currently has no plans to issue a central bank digital currency (CBDC), citing financial stability concerns. In a closing remark at a conference with the International Monetary Fund and Japan’s Financial Services Agency on Monday, the BoJ’s deputy governor Masayoshi Amamiya said issuing a digital currency directly…

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Lithuanian Central Bank Initiates Dialogue On Crypto Between Banks, Regulators, Traders

The Bank of Lithuania has reportedly begun looking into cryptocurrencies, initiating a dialogue between commercial banks, government regulators, and crypto traders, local news outlet The Baltic Times reports today, April 15. The central bank had invited representatives from the Financial Ministry, the Financial Crime Investigation Service (FNTT), the banking sector, and the Initial Coin Offering (ICO)…

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Kenya’s Central Bank Chief Warns Again On Crypto Risks

The Central Bank of Kenya (CBK) is once again seeking to dissuade domestic businesses from dealing in cryptocurrencies. Following what the institution called massive price volatility in the sector, the national bank has issued a circular to financial institutions on the subject, a development revealed in an appearance by the governor of the CBK before the…

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Bank of England Nocoiner Admits ‘Cryptocurrency Not a Risk’

Georgi Georgiev · April 14, 2018 · 2:30 am Bank of England’s governor, Mark Carney, held a speech at the Public Policy Forum’s Canada Growth Summit in Toronto, outlining that despite the ‘huge amount’ of illicit activity run through cryptocurrency, at the current state, they do not pose a threat. Singing the Same Old Song…

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