All about banking in the 21st century
The Maltese government is gradually building a global market for cryptocurrencies as it continues to assert itself as the world’s blockchain island with crypto-friendly regulations . Thanks to such accommodating legislation, cryptocurrency companies like Binance and OKEx have flocked to the country to build out their services.
Source: Malta Stock Exchange Partners With OKEx to Launch Security Tokens Platform
HSBC’s Global Head Of Digital said that at this stage the bank does not recognize crypto as a genuine investment asset, but is “cautiously looking”
Source: HSBC Global Head of Digital Says the Bank Is ‘Cautiously Looking’ at Crypto Investment
Last week, Litecoin Foundation purchased a 9.9% stake in Germany’s WEG Bank as part of the partnership with TokenPay, a cryptocurrency payments company based in Switzerland. Following the acquisition, Charlie Lee, Litecoin founder, managing director of the Litecoin Foundation, and outstanding media figure, clarified his position on the deal.
Source: Litecoin’s Charlie Lee Clarifies his Position on Recent Acquisition of Stake in WEG Bank AG
If we want blockchains to deliver upon their promise, we must be able to transact using traditional fiat currencies, EY’s blockchain lead writes.
Source: Fiat Currencies Are About to Become Essential to Public Blockchains
International outbound and inbound money transfer and e-payment service, DeeMoney, operated by Thai-…
Source: Thai telco SawasdeeShop receives money tranfser licence for DeeMoney remittance platform
Litecoin founder Charlie Lee said that the Litecoin Foundation’s new stake in a German bank could result in the bank offering crypto services
Source: Litecoin Founder Says in ‘Best Case’ Recent Bank Stake Could Result in Crypto Services
Governor of the Bank of Thailand Calls Out Fintech, Blockchain as Important to the Future of Finance Crowdfund Insider Full coverage
Source: Governor of the Bank of Thailand Calls Out Fintech, Blockchain as Important to the Future of Finance
Japan Revamps Financial Regulatory Agency to Address Issues in FinTech, Cryptocurrencies Cointelegraph Japan overhauls financial watchdog for fintech age Nikkei Asian Review Full coverage
Source: Japan Revamps Financial Regulatory Agency to Address Issues in FinTech, Cryptocurrencies
A framework has been developed for the G20 countries to “monitor the financial stability implications of crypto-assets markets.” The Financial Stability Board says cryptocurrencies “do not pose a material risk to global financial stability” but supports their “vigilant monitoring.” Also read: Yahoo!
The Hong Kong Monetary Authority (HKMA) has partnered with Chinese Ping An to release a blockchain-based trade finance platform. The joint effort is expected to speed-up the process and prevent fraud. CCN first reported the Hong Kong’s de facto central bank’s initiative back on March 30.
Source: Hong Kong Trade Finance Will Fight Fraud With a Blockchain-Based Platform
