Category: banking

Southeast Asia’s Largest Bank DBS Plans to Launch a Cryptocurrency Exchange

Southeast Asia’s Largest Bank DBS Plans to Launch a Cryptocurrency Exchange

The Singaporean multinational banking and financial services corporation DBS published an announcement revealing it was launching a cryptocurrency exchange. The announcement was later removed by the company, but crypto proponents have learned about the upcoming support for assets like bitcoin, ethereum, and bitcoin cash. DBS Bank Ltd is Southeast Asia’s largest bank in terms of […]

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Around 100 Italian banks are now part of a permissioned blockhain network developed by R3

Around 100 Italian banks are now part of a permissioned blockhain network developed by R3

A cohort of 42 Italian banks has signed up to use a private blockchain network known as Spunta, bringing the total number now using the payment infrastructure to around 100. Spunta, which is based on R3’s permissioned blockchain platform, Corda, is an interbank reconciliation system. The network verifies the matching of correspondent accounts, which banks […]

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Mapping out crypto-friendly banks & e-money institutions

Mapping out crypto-friendly banks & e-money institutions

Quick Take Businesses within the digital asset industry often have trouble establishing banking relationships due to compliance costs and reputation risk As the industry continues to mature, larger banks will likely begin offering their services to crypto clients, as The Block previously found that there are currently three times as many crypto-friendly banks as there […]

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