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banking

State-owned Russian bank Gazprombank to test cryptocurrency transactions in Switzerland

State-owned Russian bank Gazprombank (GPB) plans to trial cryptocurrency transactions through its Swiss subsidiary later this year, Gazprombank Deputy Chairman…

Saudi Arabia’s central bank signs blockchain deal with Ripple

Saudi Arabia’s central bank has signed a deal with Ripple to help banks in the kingdom settle payments using blockchain…

Canadian bank to offer blockchain-based safety deposit boxes for cryptocurrencies

VersaBank, a small-scale Canadian chartered bank which operates using an electronic branchless model, is building a blockchain-based safety deposit box…

National Bank of Abu Dhabi to use Ripple for cross-border payments

The National Bank of Abu Dhabi (NBAD) has become the first bank in the Middle East to use Ripple's solution…

Bitcoin investors rejected by UK mortgage lenders amid money-laundering fears

UK mortgage lenders refuse to accept bitcoin-originated cash deposits, citing money-laundering and inability to trace the source of the money…

Bitcoin has not reached critical mass to be seen as currency, UBS CIO says

UBS throws shade on bitcoin once more, this time through the words of its chief investment officer, Mark Haefele. UBS…

State Bank of India to implement blockchain solutions to KYC management

Government-owned State Bank of India (SBI) - the country's largest banking corporation, is planning to apply blockchain solutions to a…