banks

South Africa Establishes a Consultation Paper to Regulate and De-Anonymize Bitcoin Transactions

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Cryptocurrency South Africa

By CCN.com: The South African Reserve Bank has released a consultation paper to regulate cryptocurrencies in the region. However, the government is seemingly introducing banking-like features to the crypto-markets, going against the very ethos of what Bitcoin stands for. The bank chooses to call cryptocurrencies as crypto “assets” over the former term, deeming the distinction … Read more

India’s Bitcoin Trading Volume Plummets amid Banks’ Blockade of Exchanges

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India bitcoin price

Regulatory and bank challenges are pressuring cryptocurrency exchanges in the country, as evidenced by a 90% decline in volume on bitcoin trading platforms. The Reserve Bank of India, its central bank, has not put the hammer down on trader accounts, but Indian banks have taken a two-pronged approach that’s denting trading activity, including closing bitcoin … Read more

JPMorgan, Bank of America Say No to Crypto Transactions on Credit Cards

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JP Morgan Blockchain Fintech

The top two US banks took what little wind was left in investors’ sails today. JPMorgan Chase and Bank of America have both placed a ban on cryptocurrency transactions via credit cards, according to Bloomberg reports. The bitcoin price is holding at about a 5.75% decline, trading at $8,589 in what is shaping up to … Read more

British Banks Are Shunning Bitcoin Companies

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Companies that handle digital currencies are being forced to open bank accounts elsewhere as British banks continue to shun them. Investor interest in digital currencies has surged this year with bitcoin’s price rising to a record high of $6,200 over the weekend, pushing its market cap to $102.8 billion. Yet, despite this traditional banks remain … Read more

Bitcoin is no Fraud but There are Real Concerns: Royal Bank of Canada CEO

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The Royal Bank of Canada’s CEO has said that he would never call bitcoin a fraud, but he admits he does have ‘real concerns’ about the currency. Banker David McKay said: I would never call it a fraud because it’s not misrepresenting what it is. People have placed value on what it is in different … Read more