The U.K.’s Financial Conduct Authority has written to bank CEOs over the risks of “facilitating financial crimes which are enabled by cryptoassets.”
Hackers Demand $1 Million in XRP After Bank Data Theft
Hackers who stole personal information on 90,000 Canadian bank users have demanded $1 million in Ripple’s XRP to not release the data trove.
Korea to Inspect 3 Banks Over Crypto Exchange AML Compliance
Three South Korean banks are to be inspected over their compliance with new anti-money laundering rules for cryptocurrency exchange accounts.
Bank of Montreal Expands Crypto Purchase Ban
Canada’s Bank of Montreal will prohibit customers from purchasing cryptocurrencies using Interac debit cards, on top of an existing Mastercard ban.
Japanese Banks to Harness Ripple DLT for Consumer Payments App
A group of Japanese banks is planning to use Ripple’s blockchain-based payments technology in a smartphone app aimed at general consumers.
US Regional Banks Begin to Cite Crypto as Business Risk
It’s not just America’s biggest banks that are worried about cryptocurrency adoption, public filings show.
Digital Currency Group Invests in Bitcoin-Friendly Silvergate Bank
Cryptocurrency VC firm Digital Currency Group has confirmed an investment in bitcoin startup-friendly Silvergate Bank.
Why and How Banks Should Embrace Blockchain Tech
In the second part of his three-part series, angel investor William Mougayar looks at why and how banks should start embracing blockchain technology.