Banks and Fintech | ForkLog

ForkLog 22 30.09.2021

Fintech company co-founded by a PayPal co-founder will give clients access to cryptocurrencies

Affirm, the fintech company co-founded by PayPal co-founder Max Levchin, will allow customers to trade cryptocurrencies directly from savings accounts.

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ForkLog 23 28.09.2021

Coinbase to launch payroll-to-crypto service

In the coming weeks, Coinbase will launch a service to convert salaries into cryptocurrency. To this end, the American bitcoin exchange will work with leading players in the recruitment and payroll settlements sectors.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 31 15.09.2021

Bank of Russia proposes curbing bank payments to Bitcoin exchanges

The Bank of Russia, together with credit institutions, will create a mechanism to block payments to cryptocurrency exchanges.

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ForkLog 13 13.09.2021

Lawyers assess threat posed by Bank of Russia’s new recommendations for bitcoin exchanges

Bank of Russia recommendations on banks' monitoring of potentially suspicious operations, including those related to bitcoin exchanges, are not law, but reflect a trend of indirect suppression by the regulator of cryptocurrency turnover in Russia. This view was expressed by lawyers interviewed by ForkLog.

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ForkLog 18 13.09.2021

US Treasury weighs threats and benefits of stablecoins in talks with banks

US Treasury officials discussed risks and benefits of stablecoins with representatives from the banking community and credit unions, Reuters reports, citing its own sources.

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ForkLog 27 13.09.2021

Bank of Russia recommends blocking cards and accounts for transactions with bitcoin exchanges

The Bank of Russia has defined criteria that will enable banks to identify cards and electronic wallets used by the shadow economy. The regulator regards cryptocurrency exchanges, as well as illegal online casinos, financial pyramids and illegal forex dealers.

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ForkLog 22 10.09.2021

BIS urges central banks to accelerate CBDC development

Stablecoins and the DeFi sector will challenge the business models of traditional banks, so monetary regulators should accelerate the creation of official alternatives to private instruments. This was stated by BIS head Benoît Cœuré.

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ForkLog 9 06.09.2021

BTC Markets to add financial services via Volt neobank

Australia's leading cryptocurrency exchange BTC Markets announced the addition of integrated banking services to its platform thanks to a partnership with licensed neobank Volt.

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ForkLog 21 03.09.2021

Revolut CEO lays out conditions for IPO

British fintech company Revolut intends to reach annual sales in the billions of dollars before the IPO.

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ForkLog 8 03.09.2021

Vast Bank customers allowed to trade cryptocurrencies from FDIC-insured accounts

Vast Bank clients will be able to buy, sell and store cryptocurrencies in checking accounts insured by the FDIC. The financial institution was the first in the United States to receive such authorization from the Office of the Comptroller of the Currency within the U.S. Department of the Treasury (OCC) and the Federal Reserve System (the Fed).

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ForkLog 29 23.08.2021

Xiaomi Outlines Conditions for Offering Cryptocurrency Services

The Chinese electronics maker Xiaomi is interested in cryptocurrencies, but needs clear regulatory clarity for the industry. This was stated by the company's vice president Manu Kumar Jain.

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ForkLog 11 20.08.2021

Chinese commercial banks open access to the digital yuan for customers

Thirty-five Chinese banks have integrated digital wallets supporting e-CNY into their apps.

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