カテゴリー: bank accounts

Nordic Region’s Largest Bank Nordea Suspected of Money Laundering

Nordic Region’s Largest Bank Nordea Suspected of Money LaunderingNordea, the largest bank in the Nordic region, is reportedly suspected of being part of a major international money laundering scandal. The scheme allegedly involved a Russian client and took place over multiple years at an international branch of the bank that is now closed. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator […]

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A Third of Humanity Remains Financially Excluded

Statistics: A Third of Humanity Remains Financially ExcludedUnrestricted access to financial services is one of the main preconditions for achieving economic freedom. However, large portions of the planet’s population, especially in the developing world, remain excluded from the traditional banking system. The number of the unbanked or underbanked citizens of the industrialized, digitized nations is also unexpectedly high, now when almost everyone, […]

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Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto Traders

Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto TradersTwo major South Korean cryptocurrency exchanges have announced that they will no longer allow unverified users to make withdrawals in Korean won. Starting next month, users of Bithumb and Coinone must have verified real-name accounts in order to deposit and withdraw the fiat currency. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals […]

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South Korea’s Crypto Regulation Shakeup: New Bureau, Agreement With China

South Korea’s Crypto Regulation Shakeup: New Bureau, Agreement With ChinaSouth Korea’s top financial regulator is planning a major organizational restructuring that includes introducing some new crypto policy initiatives. A bureau dedicated to financial innovations that include cryptocurrencies is being set up. In addition, an agreement with Chinese authorities relating to crypto and initial coin offerings has also been reached. Meanwhile, the contracts between Korean […]

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Chile Appeals Court Rules in Favor of Crypto Exchange Against Bank

Chile Appeals Court Rules in Favor of Crypto Exchange Against BankIn an ongoing dispute between banks and cryptocurrency exchanges in Chile, an appeals court has finally ruled in favor of one crypto exchange against one of the largest banks in the country. Five major banks have also separately responded to lawsuits against them in court. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Court […]

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Indian Central Bank Responds About Crypto Restrictions

Indian Central Bank Responds About Crypto RestrictionsIndia’s central bank has responded to a representation about its crypto banking ban. The Supreme Court gave the central bank seven days to reply following a hearing last week of the petition by the Internet & Mobile Association of India against the ban. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI’s Response India’s […]

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Switzerland Considers Granting Crypto Businesses Access to Banking Services

Switzerland Considers Granting Crypto Businesses Access to Banking ServicesCrypto companies based in Switzerland may receive access to regular banking services as early as this year. Political will and economic wisdom seem to be in place as some government officials and bankers are already working to resolve a serious issue. Swiss banks have been refusing accounts to firms from the growing crypto industry. Also […]

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South Korea Thinks Real-Name System is Working – Stepping Up Crypto Monitoring

South Korea Thinks Real-Name System is Working - Stepping Up Crypto MonitoringSouth Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country. Now, the government is introducing a new guideline to prevent local crypto exchanges from buying cryptocurrencies at foreign exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

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South Korea Thinks Real-Name System is Working – Stepping Up Crypto Monitoring

South Korea Thinks Real-Name System is Working - Stepping Up Crypto MonitoringSouth Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country. Now, the government is introducing a new guideline to prevent local crypto exchanges from buying cryptocurrencies at foreign exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

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South Korea Thinks Real-Name System is Working – Stepping Up Crypto Monitoring

South Korea Thinks Real-Name System is Working - Stepping Up Crypto MonitoringSouth Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country. Now, the government is introducing a new guideline to prevent local crypto exchanges from buying cryptocurrencies at foreign exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

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