カテゴリー: Banking

Crypto Exchange Buda Subject of Sudden Banking Embargo in Colombia

Crypto Exchange Buda Subject of Sudden Banking Embargo in ColombiaMajor Latin American bitcoin exchange, Buda, recently suddenly become the subject of a banking embargo in Colombia, according to local reports. Buda similarly experienced the termination of its Chilean banking services in March of this year. Also Read: Six Major Banks in Chile Sued by Another Cryptocurrency Exchange Buda Suffers Termination of Banking Services in Colombia […]

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Circle to Seek Federal Banking Licensing with U.S. OCC

Office of the Comptroller of the CurrencyCircle Internet Financial Ltd has revealed that it is currently seeking to obtain a federal banking license with the U.S. Office of the Comptroller of the Currency (OCC) in order to expand the services available to the company’s customers. It also hopes to pursue registration with the U.S. Securities and Exchange Commission (SEC) as a […]

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Bittrex Launches USD Fiat Trading

Bittrex Launches USD Fiat TradingBittrex has finally introduced fiat currency support. The US exchange, which was established in 2013, subsisted with tether as its USD surrogate until recently, before adding another stablecoin, TrueUSD, a couple of months ago. Around the same time, its CEO Bill Shihara revealed that the platform would be adding USD pairs and today they went […]

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Bank in Argentina Launches BTC Settlement Services

Bank in Argentina Launches BTC Settlement ServicesA small bank from Argentina, Banco Masventas, announced this week that it’s allowing customers to make settlements using BTC as a payment rail. Argentina Banco Masventas says the firm partnered with the exchange Bitex, and believes the service will reduce costs associated with international transfers. Also Read: Tim Draper Advises Argentina’s President to Invest in Bitcoin […]

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Another Indian Company Challenges Ban on Crypto Banking

Another Indian Company Challenges Ban on Crypto BankingRBI’s ban on crypto-related banking services has been challenged again. Maharashtra-based Flintstone Technologies has turned to the High Court in Delhi to seek withdrawal of the April 6 circular issued by the Reserve Bank of India, calling it “arbitrary, unfair and unconstitutional.” The company points out that the central bank has not provided any reasons […]

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Survey: 89% of Visa, Mastercard, Unionpay Users Know Crypto – 53% Have Purchased

Survey: 89% of Visa, Mastercard, Unionpay Users Know Crypto - 53% Have PurchasedA global study of cryptocurrency purchases made by users of Visa, Mastercard, and Unionpay cards shows that 89% of respondents are knowledgeable about crypto and 53% have purchased some in the past 12 months. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space A Global Study Global payment service provider Worldcore reportedly conducted a study […]

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Chilean Crypto Exchanges Appeal Against Banking Embargo

Chilean Crypto Exchanges Appeal Against Banking EmbargoA number of Chilean cryptocurrency exchanges have sought to appeal the recent decision by several Chilean banks, including state-owned Banco del Estado de Chile, to suspend the accounts of cryptocurrency exchanges. Also Read:Alleged British Bitcoin Scammer Extradited to US for Defrauding Over $36 Million Chilean Crypto Exchanges to Receive Appeals Hearing It has been reported […]

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Caribbean Nations Introduce Crypto Payments in the Travel Industry

Caribbean Nations Introduce Crypto Payments in the Travel IndustryThe Caribbean Tourism Organization is going to introduce cryptocurrency payments for tourism services and products offered in the region. In partnership with a local company, CTO wants to implement crypto-based merchant applications in the travel industry and other related sectors. Another goal is to further integrate the region’s economies through more cryptocurrency transactions. Also read: […]

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Finnish Crypto Services Provider Prasos Loses 4 of 5 Banking Partners

Finnish Crypto Services Provider Prasos Loses 4 of 5 Banking PartnersFinnish bitcoin services provider, Prasos, has lost all but one of its banking partners. Prasos’ chief executive officer recently revealed that four Finnish banks have terminated services with the company, leaving Prasos reliant on a single bank. Also Read: Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of Fraud Finnish Banks Terminate Services With Prasos […]

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Dutch Bank That Once Called Bitcoin ‘High Risk’ Considers Building Crypto-Wallet

Dutch Bank That Once Called Bitcoin 'High Risk' Considers Building Crypto-WalletA Dutch multinational financial provider, Rabobank has announced the possible introduction of a ‘cryptocurrency wallet’ tethered to the company’s banking services. The news follows the bank’s recent ‘high risk’ profiling of account holders that participated in bitcoin trading.  Also Read: Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange Rabobank Investigates the Idea of […]

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