Fidelity’s plan to corner the cryptocurrency market appears to be more ambitious than previously imagined, as the asset manager looks to provide more institutional pathways to digital assets. In a …
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Most of the world’s leading banks invest in cryptocurrency and blockchain companies
A new report from blockchain research firm Blockdata suggests that over half of the world’s biggest banks are getting exposure in crypto and blockchain companies. The firm says that out of …
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US Banks have called to Include Bitcoin and crypto in their plans for this important reason
In a new report titled “Understanding Crypto: What banks need to know,” the American Bankers Association (ABA) has urged banks across the country to partner with crypto firms. The need …
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Swiss Private Bank says its wealthy clients are interested in cryptocurrency
In a recent interview, Zeno Staub, the CEO of Swiss private banking and investment management group Vontobel Holding AG, talked about their clients’ interest in crypto. The Vontobel CEO’s comments were made …
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Big Indian banks take stakes in trade finance blockchain firm
Fifteen of India’s largest banks have invested in a fintech firm that aims to use blockchain to speed up domestic letters of credit, a first in domestic trade finance, regulatory …
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Large Korean bank intends to provide cryptocurrency custody services
Woori Bank, the South Korean financial institution, enters the DACS (cryptocurrency custody services) market. The Woori Financial Group will start offering its client cryptocurrency custody services. It is among the …
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Swiss bank Sygnum to become the first bank to offer ETH 2.0 staking
The announcement by the Swiss bank makes it the first bank in the world to allow clients to stake ethereum. Sygnum will allow clients to safely stake their ethereum through the bank. By …
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PM of Vietnam orders Central Bank to conduct cryptocurrency pilot implementation
Phạm Minh Chính, the prime minister of Vietnam, has mandated the country’s Central Bank to study and pilot cryptocurrency implementation. This puts Vietnam’s State Bank as the first bank of …
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Mexico’s finance minister reiterates crypto ban after bank unveils Bitcoin (BTC) plan
Mexico’s finance minister reiterated his country’s ban on cryptocurrencies on Monday, saying they are not legal tender and are not to be treated as currencies within the country, according to Yahoo! Finance. …
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Singapore central bank to joins IMF; World Bank to push state digital currencies
The Monetary Authority of Singapore has launched a “Global CBDC Challenge,” inviting proposals for retail central bank digital currency innovations to improve payment services and promote financial inclusion. Fast facts: The initiative, …
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