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South Korea’s largest commercial banks exploring security token platforms

0xMain
June 15, 2023

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NongHyup Bank revealed that the leading banks in South Korea, including Industrial Bank of Korea, Shinhan Bank, and Woori Bank, have joined its consortium for security token offerings. The consortium has also witnessed the participation of other financial technology companies such as Funble,...

Banks and digital asset firms to coexist in third wave of crypto adoption

0xMain
June 8, 2023

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The path to standardizing and upgrading cryptocurrency regulation across the globe has seen progress in recent years, as detailed in the recent panel discussion “Crypto Regulation in Europe: The Tipping Point” held during the Money20/20 event today. The panel was spearheaded by key...

JP Morgan partners with six Indian banks for blockchain-based interbank dollar settlements

0xMain
June 6, 2023

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JP Morgan Chase & Co. has partnered with six Indian banks to launch a blockchain-powered platform for settling interbank dollar transactions in India’s emerging international financial center. The pilot program commenced June 5 and is expected to run for several months, as stated...

JPMorgan partners with Indian banks to enable dollar trading via blockchain

0xMain
June 5, 2023

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Global financial giant JPMorgan has announced a strategic partnership with six major Indian banks to launch a blockchain-based platform to settle interbank dollar transactions. This latest move is part of a broader effort to promote the growth of Gujarat International Finance Tec-City (GIFT...

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FDIC chair takes responsibility for Signature Bank’s collapse, also cites crypto

0xMain
May 16, 2023

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A report from the FDIC has revealed that poor management was the primary cause of Signature Bank’s failure, uncovering the key factor responsible for the bank’s downfall. In response, the chair has assumed responsibility for the identified shortcomings, acknowledging accountability for the situation....

Central banks fear CBDC risks, can’t keep up with fintech regulation

0xMain
May 11, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Fintech Benchmarks 2023 brought into sharp focus the escalating conflict between emerging digital currencies and the traditional institutions that control monetary issuance. A significant proportion of central banks –...

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Cardano founder and industry leaders celebrate the fall of banks

0xMain
May 4, 2023

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Based on recent reports, Cardano’s founders and other key opinion leaders within crypto are celebrating the current banking crisis. A crisis continues to haunt regional banks as First Republic Bank took a fall and needed rescuing. Several other banking networks recorded severe stock...

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Taiwan to unveil buying and selling crypto specification for banks

0xMain
April 29, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Taiwan’s Financial Supervisory Commission (FSC) outlined plans to control the country’s banking sector and crypto trade. The FSC plans to implement new regulations in September of this year to...

Warren Buffett dumps crypto-affiliated banks after he sees red flags

0xMain
April 19, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent interview with CNBC, Warren Buffett stated that he dumped his shares in many banks because their management was taking “dumb” risks and employing fraudulent accounting to...

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US exempts World Bank’s IDA from SEC regulations

0xMain
April 18, 2023

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The U.S. has excluded the World Bank’s International Development Association (IDA) from the requirements of the Securities Exchange Act of 1934 and the Securities Act of 1933. According to the World Bank, the exemption laws will result in significant savings for the Multilateral...