#Banks and Fintech

The spread and regulation of cryptocurrencies and blockchain technology in the banking industry and fintech applications.

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ForkLog 15 31.01.2022

Visa processed $2.5 billion in crypto-card transactions over three months

Users of Visa-style crypto cards conducted $2.5 billion in transactions in October–December 2021. The figures were disclosed by CFO Vasant Prabhu during an analysts’ briefing, CNBC reports.

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ForkLog 28 27.01.2022

Russian finance ministry accused of drafting bitcoin-market regulation to favour a single player

The concept of regulating the crypto market by the Russian Ministry of Finance is a positive sign for bitcoin holders, but the proposed measures conflict with the nature of digital assets and are probably tailored for a specific player, ForkLog experts said.

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ForkLog 9 25.01.2022

The Bank of Russia discussed tokenisation of cashless payments with banks

The Russian central bank held a working meeting at the end of last year on implementing tokenised cashless payments.

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ForkLog 21 21.01.2022

FTX announces plan to issue a Visa debit card and opens a waitlist

The cryptocurrency exchange FTX announced plans to issue a Visa debit card and opened a waitlist.

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ForkLog 26 20.01.2022

Russian banks begin testing operations with the digital ruble

Some Russian banks have begun testing digital ruble transactions or are actively preparing for its launch.

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ForkLog 26 19.01.2022

Central Bank of Russia Requests Information from Banks on Bitcoin-Exchanger Operations

The Central Bank of Russia intends to study the operations of Russian banks related to cryptocurrency exchanges, casinos and forex dealers.

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ForkLog 12 18.01.2022

Crypto companies’ deposits at Silvergate Bank reach $13.8 billion

In Q4 2021, the digital-asset-friendly bank Silvergate took in $2.1 billion in deposits from cryptocurrency companies, with the average total reaching $13.3 billion.

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ForkLog 22 13.01.2022

Group of U.S. banks forms consortium to issue a stablecoin

A consortium of FDIC-insured financial institutions, the USDF Consortium, announced plans to build a network of banks to promote the stablecoin USDF issued by its members.

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ForkLog 15 10.01.2022

UniCredit threatens to block accounts over cryptocurrency transfers

The policy of UniCredit Group forbids clients from conducting transfers to platforms and services linked to digital assets. A screenshot of a conversation with the bank's support service was published by one of its Italian customers.

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ForkLog 19 23.12.2021

Lawyer explains the legality of blocking bank accounts for cryptocurrency operations

Russian banks can restrict customers' access to services if they conduct cryptocurrency operations and fail to confirm the source of their funds.

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ForkLog 7 17.12.2021

LionTree to explore accepting crypto payments

The American investment bank LionTree is considering accepting cryptocurrencies as a form of payment, as well as issuing its own token in the future. This was stated by the organisation's chief executive Arye Burkov in a year-end letter.

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ForkLog 24 15.12.2021

British crypto-processing group acquires 100-year-old German bank

London-based crypto-processing group BCB Group has acquired Sutor Bank, founded in 1921 in Hamburg, Germany, with a fintech focus.

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