#banks

According to Australian Financial Review, the Australian Competition and Consumer Commission (ACCC) has concluded the local banks did not go into huddle by blocking their services to several bitcoin companies. The regulator said no further investigation of the matter is required. The publication references to the letter by the ACCC’s chairman Rod Sims to senator […]

Messaging app Sender developed by Ukrainian team has implemented a function of encrypting user messages with bitcoin wallet keys. A bitcoin wallet is integrated in the app.

The Bank of Russia believes that emergence of blockchain-based systems for financial markets is very likely to happen in 2017 or 2018. Olga Skorobogatova, deputy chairwoman of Russian Central Bank, stated during her meeting with representatives for commercial banks: “From the regulation and financial market protection points of view, the technology will probably be used […]

According to the Financial Times, America’s biggest bank in assets, JP Morgan Chase, partnered with New York-based startup Digital Asset Holdings launched an experimentap project to implement blockchain technology in banking. The blockchain technology becomes increasingly popular these days. More and more banks and financial instiututions recognize its advantages. The partners are in the process […]

Bank of Tokyo-Mitsubishi UFJ, Japan’s biggest bank, has its own virtual currency dubbed MUFG Coin under development. Also it has finalized its pilot app. The news come from a post on Reddit by user jonny1000 who provided translation of a brief piece from Japanese publication Asahi. The publication itself references to an unnamed source in […]

Minouche Shafik, Deputy Governor, Markets & Banking Bank Of England, stated the bank considers using the distributed ledger technology in its new infrastructure. Speaking at the Bank of England on Wednesday, she said that legacy payment and settlement systems have “changed dramatically”. Indeed, when it comes to settlement, the current solutions cannot face the growing […]

In the U.S., four states have already legalized recreational marijuana, namely Alaska, Colorado, Oregon, and Washington alongside with Washington D.C. While the business is completely legal there, and is mostly dedicated to medical purposes, American federal laws still consider marijuana businesses illegal. For that reason, American banks are very reluctant in providing their services to […]

During the business lunch at Sberbank of Russia, the bank’s chairman German Gref and former minister for finance of Russia Alexei Kudrin shared their vision of blockchain’s potential in Russia. In particular, they described the way the technology could possibly alter the country’s public management. According to Interfax Russia, Alexei Kudrin said: “Basing on what […]