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# banking News

Kleinwort Hambros, a UK-based private banking and wealth management brand of Société Générale has announced the launch of a blockchain Exchange Traded Note (ETN) listed in Luxembourg to give customers and prospective customers exposure to companies that could profit the most through the development and use of blockchain technology, according...
The proposed law requires cryptocurrency exchanges to acquire a license to qualify as regulated financial institutions. However, once they obtain the permit, the same law forbids them to avail or list any crypto service, a catch 22-situation since practically there won’t be any legal cryptocurrency exchange in the country. This...
According to a Bloomberg article published March 18, 2019, tech giant IBM has been approached by at least two “major U.S. banks” regarding the creation of a private digital currency on the heels of JP Morgan’s JPM Coin. More Banks to Follow JP Morgan? 2019 has often been touted as...
Silvergate Bank has for the first time named a few of her clients in an SEC filing. The bank had remained supportive of crypto-related businesses at a time when other financial institutions turned their backs. Deposits Declined 8 Percent The crypto-supportive bank revealed in its March 18, 2019 filing to...
IBM’s Blockchain World Wire Platform has just gone live and is already a success by having signed up six international banks to create and issue stablecoins through their platform, as reported on March 18, 2019. New In Town IBM’s blockchain projects have been as diverse as they have been interesting,...
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