JPMorgan Chase’s Ron Karpovich says there is “more partnership instead of competition” between the establishment and crypto innovators when it comes to the payments space
Category: Banks
Silvergate Bank Onboarded 59 New Crypto Customers in Q4 2018
Major U.S.-based bank Silvergate signed on 59 new cryptocurrency customers in the fourth quarter of 2018
Six Global Banks Sign up to Issue Stablecoins on IBM’s Now-Live Blockchain Network
Six global banks have reportedly signed letters of intent to issue stablecoins backed by their national fiat currencies on IBM’s now-live Stellar-powered payments network
Israeli Bank Policy Should Not Have Shut Down Bitcoin Mining Firm’s Account, Court Rules
Bitcoin deposits and banks remain a gray area in Israel after a court rules banks can refuse to accept deposits from crypto trades
United Arab Emirates’ Financial Authorities Host Crypto Asset and Fintech Forum
A joint forum on crypto assets and fintech was held by the United Arab Emirates Banks Federation and the Abu Dhabi Global Market
IBM Hints at Stablecoin Cross-Border Payments Solution for Financial Institutions
IBM’s Jesse Lund has hinted that bank-targeted stablecoins will be a major development for the tech giant’s blockchain cross-border payments solution
German Bank Association: New Regulation for DLT-Based Securities May Be Necessary
The emergence of DLT-based securities may create the need for new regulation, according to a German private banking association
QuadrigaCX CEO Used Personal Money to Fund Exchange During Litigation With Bank in 2018
The late founder of QuadrigaCX was purportedly putting his own money into the exchange during a legal battle with a bank in 2018
Growth of Crypto Industry Could Threaten Banks, Financial Stability: Basel Committee
BIS-backed global banking authority the Basel Committee has issued a sceptical statement on crypto assets, saying they’re “unsafe to rely on” as money
Thirsty California May Be Wary of Blockchain Water Rights
California water use may be revealed by blockchain