Sberbank, Russia’s largest bank, has announced that it is set to allow customers to trade crypto. The individuals will get access to operating and be able to make transactions using the digital financial assets on the Sberbank platform in June. Popov, deputy chairman of the bank, stated that the citizens
The US Securities and Exchange Commission (SEC) is launching an investigation into First Republic Bank executives over allegations of insider trading. The investigation centers on the conduct of executives before the bank’s seizure and subsequent sale to JP Morgan Chase & Co. According to Bloomberg, the SEC is specifically investigating
A recent update from the Circle team regarding USDC operations guarantees the removal of backlogs. Additionally, a request for redemption of USDC has also been made, at the EOD of the U.S. banking sector on March 15th. Update: As of close of U.S. banking operations Wednesday, March 15, we have
Banks are often regarded as a necessary evil. Even though they make billions of dollars every year, they still offer services without which the modern global economy wouldn’t be possible. For most people, owning a bank account is natural and common, making their daily operations possible. Unfortunately, some people don’t
Mexico announces the launch of it’s CBDCs. The National CBDC will be out by 2024. President of Mexico terms, they will not follow the path of El-Salvador. Many countries are obviously planning on bringing their own National Central Bank Digital Currency (CBDC). It’s evident that adopting current technology along with
Bank of Russia halts any kind of major crypto payments. Central Bank of Russia instructs local banks to block accounts related to crypto payments. Bank says its for protecting customers from ‘emotional’ investments and purchases on crypto. Russia is one of the most tempted countries when it comes to crypto
TSB Bank, a British banking institution, is considering suspending its crypto purchases due to fraud concerns. The company in recent times has shown an increase in the cases of fraud related to crypto. Based on the experience with transactions regarding Binance and Behemoth Exchanges. The company has taken this extreme
BBVA is planning to enter the cryptocurrency space. Due to the strict regulations BBVA may face a hard time completing the project. Moreover, BBVA partners with Metaco for a comprehensive management system. BBVA, the second biggest bank in Spain is planning to enter the cryptocurrency space. The initial step of
