Tag: Bank

Ukraine’s largest savings bank halts Bitcoin buys with hryvnia — Report

Helen Partz

While the Ukrainian government has moved to legalize Bitcoin (BTC) amid the ongoing attacks from the Russian military, some of the largest local banks have reportedly banned their clients from buying BTC using the national currency. PrivatBank, the largest commercial bank in Ukraine, has temporarily restricted its customers from purchasing Bitcoin with the national currency, the hryvnia (UAH), industry publication Forklog reported on Thursday. Citing a spokesperson from PrivatBank, the report notes that the latest PrivatBank restrictions fall in line with an order from the National Bank of Ukraine. The…

Central Bank of Russia issues digital asset license to Sberbank in apparent policy reversal

Zhiyuan Sun

Less than two weeks after the Central Bank of Russia, or CBR, reiterated its position proposing to ban the issuance, mining and circulation of cryptocurrencies in Russia, it appears to have reevaluated its policy. In a press release published on Thursday, the CBR added the country’s biggest lender, Sberbank, to its register of information system operators for digital financial assets. As reported by local news outlet Tass, the CBR stated:  “Inclusion in the registry allows companies to issue digital financial assets and exchange them between users within their platforms.” Sberbank’s blockchain…

Sberbank Gets License From Russian Central Bank to Issue, Exchange Digital Assets

Anthony B

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Romanian central bank approves blockchain firm Elrond to buy Twispay

Helen Partz

The National Bank of Romania has greenlighted an acquisition in the blockchain industry, authorizing the blockchain startup Elrond to acquire a payment processing platform. Elrond, a blockchain firm focused on distributed applications, received approval to purchase the electronic money institution Capital Financial Services, which acts under the brand Twispay, according to an announcement released on Thursday. Twispay provides an international payment solution supporting multiple fiat currencies and integrating various payment methods. The firm is a principal member of Visa and Mastercard, meaning that it directly participates in issuing cards and…

the Central Bank of Russia

Zhiyuan Sun

Recently, Ukraine has called for “sabotage” of everyday Russians’ crypto assets due to an ongoing war between the two countries. Among many, its European allies have also voiced mounting concerns that Russia may use crypto to bypass Western sanctions. But ironically, it appears that one of the greatest proponents of barring everyday Russians and financial institutions from accessing cryptocurrencies is actually the Central Bank of Russia, or CBR, itself. As reported by local news outlet tass.ru on Thursday, the CBR continues to adhere to its position of proposing to ban the…

Sygnum Bank set to release soccer-themed sculptures as AST’s

Tom Farren

Digital asset institution Sygnum Bank has announced a collaborative partnership with highly-accredited Swiss-born artistic sculptor, David Pflugi to issue 6,000 Art Security Tokens, or ASTs, via his new project, Victory Works. Orientated around the final of three international competitions — the 2010 FIFA World Cup hosted by South Africa; the2014 FIFA World Cup hosted by Brazil; and the 2018 FIFA World Cup hosted by Russia — the artwork immortalizes the achievements of legendary players such as Oliver Kahn, Lionel Messi, Ronaldinho and Zinédine Zidane, among others, with the display of…

  1. Pages:
  3. 1
  4. 2
  5. 3
  6. 4
  7. 5
  8. 6
  9. 7
  10. ...
  11. 54