County Banks Financial News

04.04 / 02:35

UPS Citi JPMorgan Citi, JPMorgan snap up Europe activism experts to brace for shareholder ‘Trojan Horse’

Banks in the City are bolstering their expertise advising companies on the threat of activist investors, predicting that a surge in campaigning in the UK and Europe will lead to a new wave of mergers and acquisitions.

28.03 / 22:21

Blockchain Technology Law Adoption Blockchain Adoption From taxes to electricity, blockchain adoption is growing in Austria

Austria has been actively transforming into an attractive location for providers of blockchain-based products, with the government itself experimenting with the technology and trying to create a legal basis upon which companies can use it.

25.03 / 16:15

business Ethereum Bitcoin Top Israeli bank to accept BTC and ETH trading through Paxos' collaboration

Leumi Bank, one of the largest lenders in Israel, reportedly started to accept Bitcoin (BTC) and Ether (ETH) trading.

21.03 / 14:47

cryptocurrency Binance Ban crypto transfers Regulators in Ukraine, Russia Tell Banks to Block Certain Types of Crypto Transfers

Banks on both sides of the Russia-Ukraine war are taking measures to restrict the flow of crypto funds overseas, with central banks keen to limit private citizens from making crypto-related cross-border transactions through banks.

18.03 / 18:19

Blockchain Russian, Chinese Central Banks ‘Working Together On SWIFT-Alternative Interoperability’

A senior Russian parliamentarian has claimed that the Central Bank is working with the People’s Bank of China on workarounds that may help the countries bypass the SWIFT banking network – including domestic alternatives, blockchain solutions, and digital fiats.

18.03 / 17:15

regulation Banks Central Bank Central Bank of Russia tightens P2P transactions monitoring, including those in crypto

The Central Bank of Russia (CBR) recommended that the nation’s commercial banks ramp up monitoring users’ transactions that could be aimed at circumventing CBR’s “special economic measures to counter the outflow of foreign currency abroad,” local media reported on Thursday. The recommendation includes closer oversight over crypto trading, which is named among the vehicles for withdrawing capital from Russia.

18.03 / 00:13

Blockchain Banks Central Bank Central Bank of Russia issues digital asset license to Sberbank in apparent policy reversal

Less than two weeks after the Central Bank of Russia, or CBR, reiterated its position proposing to ban the issuance, mining and circulation of cryptocurrencies in Russia, it appears to have reevaluated its policy. In a press release published on Thursday, the CBR added the country’s biggest lender, Sberbank, to its register of information system operators for digital financial assets. As reported by local news outlet Tass, the CBR stated:

25.02 / 17:33

Google Apple Apple Pay Bitcoin Support Apple Pay to halt support for Russian banks sanctioned on war in Ukraine

Several Russian banks that were sanctioned over Russia’s “special military operation” in Ukraine will no longer support major payment services like Apple Pay and Google Pay.

24.02 / 22:45

UPS Biden Hits Russia With Additional Sanctions on Banks, Russian Elites

President Biden said Thursday the U.S. would impose new sanctions on Russian banks and elites in the country, ramping up efforts to punish Moscow for launching a large-scale invasion of Ukraine.

24.02 / 12:53

Banks Bitcoin Russia to seize retail deposits if sanctions go too far, official warns

In the event of harsh Western sanctions, Russians’ savings could be confiscated, according to Nikolai Arefiev, a member of the Communist Party of the Russian Federation and vice-chairman of the Duma’s committee on economic policy.

24.02 / 10:17

regulation Banks trudeau Trudeau revokes emergencies act powers but the case for crypto grows

Prime Minister of Canada Justin Trudeau has announced he will repeal emergency powers used to freeze $8 million from 210 bank accounts connected to Canadian ‘Freedom Convoy’ protestors, according to CBC news.

21.02 / 02:23

Government Ethereum Bitcoin Future Future of finance: US banks partner with crypto custodians

Grayscale Investments’ latestreport “Reimagining the Future of Finance” defines the digital economy as “the intersection of technology and finance that’s increasingly defined by digital spaces, experiences, and transactions.”

18.02 / 19:51

Government Adoption Bitcoin Bitcoin at the barricades: Ottawa, Ukraine and beyond

Protesting anti-vax truckers blockading downtown Ottawa, Canada had their fund-raising platform shut down because their host fears the “promotion of violence.” The protesters move to a Bitcoin crowdsourcing funding service. It quickly raised $900,000.

18.02 / 12:09

business Binance Bitcoin Binance exec to lead crypto expert center by Russian bank association

Amid Binance halting its services in countries like Israel over licensing matters, the world’s largest cryptocurrency exchange by trading volume continues strengthening relations with Russia.

17.02 / 14:41

cryptocurrency Adoption Canada Asks Banks, Exchanges to Block Crypto Accounts Tied to Trucker Convoy Protests

The Royal Canadian Mounted Police (RCMP), the country's federal and national police service, has reportedly asked several crypto exchanges to halt transactions to over 30 crypto wallet addresses that are considered to be tied to the ongoing trucker protests.

07.02 / 19:35

Law Banks US Federal deposit insurer lists “crypto-asset risks” among its top priorities for the year

Martin J. Gruenberg, the acting chairman of the Federal Deposit Insurance Corporation, or FDIC, named “crypto-assets” among the agency’s key priorities in 2022, alongside addressing financial risks associated with climate change and promoting amendments to major federal statutes relevant to FDIC’s jurisdiction.

01.02 / 21:05

COST Provident Digital Fitch South East Asian banks venturing into crypto face heightened risks, warns Fitch

After a year of enthusiastic ventures and acceptance regarding cryptocurrencies, banks in South East Asia might be in for a hard time going forward, analysts at top financial institutions have warned.

28.01 / 04:01

business Banks Bitcoin services Flushing it: $8B New York commercial bank to offer Bitcoin services

Flushing Financial Corporation, the parent company behind New York-based Flushing Bank has partnered with crypto firm New York Digital Investment Group (NYDIG) to offer Bitcoin (BTC) services to its customers.

12.01 / 16:53

business Banks Bitcoin Swiss acquires Owner of Russian bank Tinkoff acquires Swiss digital asset firm

TCS Group, the owner of the major private Russian bank Tinkoff, is gaining exposure to digital assets.

22.12 / 18:07

COST Lowe's European Banks Prepare for Pullback in ECB Stimulus

Banks in Europe are issuing a particular type of bond in droves, locking in super low borrowing costs ahead of possibly tighter monetary policy in 2022.

06.12 / 14:05

COST Reserve China’s Central Bank Cuts Reserve Requirement Ratio for Banks

BEIJING—China’s central bank said Monday it would lower the amount of funds banks have to set aside, replenishing liquidity into the financial system in a bid to support the economy and cut financing costs for businesses.

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