Tag Archives: banks

State-Issued Digital Currencies Can Squeeze Banks, Says South Korea Central Bank

n Public and banks are at opposite poles when it comes to central bank digital currencies, South Korea central bank suggestsn CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7

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State-Issued Digital Currencies Can Squeeze Banks, Says South Korea Central Bank

Public and banks are at opposite poles when it comes to central bank digital currencies, South Korea central bank suggests Cointelegraph.com News

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Australian Banks Fraudulently Collected Fees From Deceased Customers

A national inquiry into the misconduct of Australia’s banking sector has revealed profit-driven malpractice that has shattered customer trust. Some of the country’s largest banks were found guilty of making families homeless and charging fees for non-existent services, sometimes to dead customers. They also caused clients to lose hundreds of millions of dollars through misleading investment advice. Also read: Philippines Announces ...

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A Millennial and Crypto Love Story: How This Generation Is Ghosting Banks

America’s youth has long been in a bad relationship with banks. Their predatory, self-serving practices have left a bad taste in the mouths of many young consumers, who have historically acclimated and resigned themselves to the system as they aged. Millennials have been accused of killing almost every industry, from golf to napkins, but now they’re on the cusp of ...

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Bitfinex Partnered With at Least 6 Different Banks During 2018

22 months since Wells Fargo suspended the processing of withdrawals sent by four Taiwanese banks that service Bitfinex, the platform remains among the top 20 exchanges by adjusted volume. While Bitfinex hosted more than $ 5 billion in trade this past month, the exchange has struggled to establish reliable banking partners, with traders seeking to deposit fiat currency having been ...

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Bank’s Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for Bitcoin

Venezuela’s economic crisis is impossible to ignore. President Nicolás Maduro’s attempt to withdraw $ 1.2 billion of the country’s own gold from the Bank of England (BoE) has been rejected. The notion of a sovereign state being denied access to its own wealth is a concept that’s hard for bitcoiners to countenance. One thing is certain: the case for storing wealth in ...

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Blame Banks for Damaging the Environment – Not Bitcoin

Another mainstream media outlet has published a piece warning of the dangers Bitcoin poses to the environment. We’ve heard these overly simplistic arguments countless times before. But even if one was to accept that Bitcoin’s energy consumption is substantial, the figure still pales in significance to traditional financial institutions, whose carbon footprint is colossal. Also read: South Africa Wants to Mandate ...

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How Indian Cryptocurrency Users Avoid Banks Closing Their Accounts

Banks in India have been closing the accounts of customers they believe have made transactions involving cryptocurrencies. The majority of crypto users in the country, however, have reportedly found a way to avoid their accounts being closed by their banks which are complying with the crypto banking ban imposed by the country’s central bank. Also read: Indian Supreme Court Moves Crypto ...

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