cointelegraph

Major Spanish Bank BBVA Closes €150 Mln Loan With Porsche Holding Using Blockchain

Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria ( BBVA), has closed a 150 million loan using blockchain technology with Porsche Holding, the largest car distributor in Europe. The news was reported by financial news site Finextra Dec. 14.

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New York Financial Regulators Approve Blockchain Payments System

The Department of Financial Services of New York ( NYDFS) has authorized a blockchain-based digital platform offered by a local bank, an official NYDFS press release states Dec. 4. NYDFS superintendent Maria T.

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South Korean National Assembly Holds Regulation Debate With Local Crypto Exchanges

South Korea’s representative body, the National Assembly, has held a crypto regulation debate arranged by major local cryptocurrency exchanges, IT media oulet ZdNet Korea reports Monday, Dec. 10.

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UAE Central Bank, Saudi Arabia to Develop Joint Cryptocurrency for Interbank Transactions

The United Arab Emirates’ ( UAE) central bank is collaborating with the Saudi Arabian Monetary Authority (SAMA) to issue a cryptocurrency accepted in cross-border transactions between the two countries. English-language Dubai-based media outlet GulfNews reported on this collaboration on Dec. 12.

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Swiss Fintech License Allows Blockchain, Crypto Firms to Accept $100 Mln in Public Funds

The Swiss Financial Market Supervisory Authority (FINMA) has released guidelines for their new FinTech license, according to a FINMA official press release released Dec.

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Seven EU States Sign Declaration to Promote Blockchain Use

Seven southern European Union member states have released a declaration calling for help in the promotion of Distributed Ledger Technology’s (DLT) use in the region, the Financial Times ( FT) reports.

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New York Financial Regulators Approve Blockchain Payments System

The Department of Financial Services of New York (NYDFS) has authorized a blockchain-based digital platform offered by a local bank, an official NYDFS press release states Dec. 4. NYDFS superintendent Maria T.

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Ten Blockchain, Fintech Firms Launch Association to Make ‘Code of Conduct’ for Crypto

Ten financial and tech firms have established an Association for Digital Asset Markets (ADAM) to create a code of conduct for the cryptocurrency sector. The launch was announced in a press release published Nov. 27.

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Bank of America Has the Most Blockchain Patents, but Is It Actually Going to Use Them?

On October 30, Bank of America (BofA) added yet another cryptocurrency-related patent to its collection of more than 50 applications filed within the same field. The second-largest bank in the US has been leading in the informal blockchain patent race, sidestepping such players as IBM and Alibaba.

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We Should Not ‘Scurry to Keep Pace’ With Fintech, Says CFTC Commissioner

A new commissioner at U.S. regulator the Commodity Futures Trading Commission (CFTC) repeated called for handling fintech – including blockchain and cryptocurrency – with an open mind in a speech Thursday, Oct. 25.

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Sony Unveils ‘Multiple Application’ Contactless Crypto Hardware Wallet

The research arm of Japanese technology giant Sony announced it had created a contactless cryptocurrency hardware wallet in a press release Tuesday, Oct. 23. The as yet unnamed device utilizes IC smart card technology popular in Japan to communicate with the Bitcoin (BTC) or other cryptocurrency network.

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MasterCard, VISA to Classify Crypto, ICOs as ‘High Risk,’ Increase Monitoring

Payment giants MasterCard and VISA will soon group cryptocurrency and Initial Coin Offering ( ICO) jurisdictions in a new high risk category, financial trading news site Finance Magnates reported Friday, October 12.

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