Category: Banks

Access denied: Banks seem prone to cryptophobia despite growing adoption

Access denied: Banks seem prone to cryptophobia despite growing adoption

From refusing to bank crypto trading desks to closing accounts held by platforms, the mainstream financial sector appears to be putting up roadblocks to seamless cryptocurrency commerce. Without banking support, exchanges are often forced to depend on other fiat on-ramps to service the deposit and withdrawal needs of their customers. The apparent discrimination against crypto […]

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Digital ruble could be still vulnerable to fraud, Russian banks warn

Digital ruble could be still vulnerable to fraud, Russian banks warn

The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble. 3202 Total views 22 Total shares Russia’s central bank digital currency, or CBDC, could contain a number of risks related to cybersecurity and fraud, according to several local financial institutions. The Association of Russian Banks, […]

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Korea’s Shinhan Bank makes strategic investment in crypto custody consortium

Korea’s Shinhan Bank makes strategic investment in crypto custody consortium

South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit. 2103 Total views 20 Total shares Shinhan Bank, the oldest banking institution in South Korea, continues its efforts to introduce digital-asset custody services with a new investment. According to a Thursday report by news agency Yonhap, Shinhan Bank has […]

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