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Cryptocurrency a “Failure” as Money -BIS Chief

On July 4, the head of the Bank of International Settlements’ (BIS) explained their stance on cryptocurrency saying it “cannot assume the functions of...

Russian Banks Offered Crypto-based Fund for Retail Investors

As of June 15, two Russian banks have offered cryptocurrency-based investment options for retail investors. Russian banks began experimenting on the so called “digital...

UnionBank of the Philippines Set to Use Blockchain in Linking Philippine...

Unlike other banks in the Philippines, the UnionBank of the Philippines has been in the crypto and blockchain wagon from day one. The bank...

An Argentinian Bank is Using Bitcoin for Cross-Border Payments

Banco Masventas, a bank in Argentina, will be allowing its clients to send cross-border payments using the cryptocurrency bitcoin starting on Monday. This effort was...

Biggest Bank in Japan Planning to Switch to Blockchain Payments by...

Mitsubishi UFJ Financial Group (MUFG), in partnership with US tech company Akamai, has designed a blockchain to handle at least a million transactions per...

Big Banks are Investing Heavily in Blockchain and Crypto

Steve Chiavarone, portfolio manager at Federated Investors, claims that blockchain technology will lead us to the fourth industrial revolution, reaffirming what many large-scale investors...

The Largest Bank in Switzerland Refuses to Deal with Cryptocurrency Trading

UBS, the largest bank in Switzerland, has announced through its chairman Axel Weber that it will not be offering cryptocurrency trading to its clients....

Banks: The Race to Adapting to the Blockchain Revolution is on!

While it is most known for being the underlying technology behind cryptocurrencies, blockchain technology has so much more to offer to the world. In...

Monex: Cryptocurrency exchanges should be like banks

TOKYO - Monex Group, Inc. chief executive said that cryptocurrency exchanges in Japan should be regulated more like banks because they hold investors' assets...

Bank of Japan Reveals No Current Plans of a National Cryptocurrency

Japan's central bank, Bank of Japan (BoJ), has announced that it does not have any plans to issue a central bank digital currency (CBDC)...