Mongolia’s largest bank to offer crypto-related services

The country continues to make slow but sure steps on its way to being a crypto-friendly nation Mongolia's largest bank will soon begin offering crypto services including custody, remittance, deposits, loans, and crypto-asset management. According to DDaily, blockchain company Hexland — founded by former Samsung developers — and white label tech company Delio havagreed to start working with the Ulaanbaatar-based Trade & Development Bank of Mongolia, or TDB Bank. It'

Fidelity Digital Assets expands crypto services to investors in Asia

Fidelity Digital Asset Services (FDAS), the crypto subsidiary of asset manager Fidelity Investments partnered with the regulated Singapore-based investment manager, Stack Funds, to facilitate the incr The post Fidelity Digital Assets expands crypto services to investors in Asia appeared first on AMBCrypto.

Indian bank to offer crypto services across its 34 branches

For the first time, Indians will be able to take out a loan against cryptocurrencies. Indian bank United Multistate Credit Co.

‘Bitcoin’s No Longer Optional’ — What Investors Say About Paypal Launching Crypto Services

Paypal launching cryptocurrency services has given crypto investors much to think about.

Race to Launch Bitcoin and Crypto Services Will Now Spread Through Banking Industry, Says Galaxy Digital’s Mike Novogratz

Ex-hedge fund manager and chief executive officer of Galaxy Digital, Mike Novogratz, says news of PayPal’s crypto adoption will inspire all banks to cater to Bitcoin and crypto.

Regulation will keep PayPal's new crypto services from looking anything like crypto

For now, PayPal's crypto payments are more about satisfying regulators than providing users with crypto capabilities.

PayPal Granted New York’s First ‘Conditional BitLicense’ to Offer Crypto Services

The New York Department of Financial Services license allows PayPal to offer cryptocurrency buying and selling through a partnership with Paxos.

Revolut Taps Fireblocks for Top-Secret Crypto Services

Fireblocks teased that challenger bank Revolut will be offering “new crypto services.” But it won’t say what those services are.

Bittrex Global gets cleared to run crypto exchange from Bermuda

Bermuda continues to welcome fresh wave of crypto exchanges on the island. Crypto exchange Bittrex Global received the green light from Bermuda’s financial watchdog to run its operations under the supervision of local authorities. According to the official announcement, the company got a full “Class F Digital Assets Business Act” license from the Bermuda Monetary Authority, or BMA, which will allow them to offer crypto services such as futures, subject to further approval by the watchdog. Bermuda's positive regulatory stance towards crypto comes within the context of the Digital Assets Business Act approved in 2018.

Binance Says Regulatory Restrictions Preventing Traditional Brokers From Offering Crypto Services

Crypto exchange Binance says the current regulatory environment is keeping traditional brokers from offering crypto services.

Kraken Earns License to Become First US Bank Charter to Provide Crypto Services

The Wyoming Banking Board has granted crypto exchange Kraken a Special Purpose Depository Institution (SPDI) charter that’s recognized under federal and state law.

One of Eastern Europe’s Biggest Crypto Services Is a Darknet Market

Hydra is the sixth-largest crypto service by volume in Eastern Europe.

US Air Force Spends $800,000 on Chainalysis’s Crypto Services

The US Air Force has agreed a third contract with Chainalysis for crypto-related analytics.

Blockchain Bites: Bitcoin in Space; Prime Brokerage Race; Nodes You Can’t Trace

The OCC's door is open for banks looking to discuss getting involved in crypto services, a Russian bank issued a token-backed loan and bitcoin has been sent from space.

South Korean Banks to Launch Crypto Services ‘Before Year Is Out’

Multiple South Korean banks could launch crypto custody services by the end of 2020 of March next year “at the latest,” after a “significant change in tone” has led the banking sector to move toward crypto business with alacrity. Per a report from the Electronic Times, crypto custody is now a key priority for South Korean banks, which it says has traditionally

Four of the Top Five South Korean Banks to Offer Crypto Services

Two more South Korean banks are looking at crypto custody options. South Korea’s Woori and Shinhan banks have just announced their intention to introduce “crypto-asset services”.

Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services

Nationally regulated banks want the OCC to clarify just how and when they can provide cryptocurrency services, hinting traditional financial institutions are paying close attention to the space.

Cryptocurrency Cards: An Unnecessary Solution That Should Be Stopped

It is high time for traditional financial institutions to see that the crypto industry has matured enough and does not possess high risks. Crypto cards have become a must-have for many crypto services.

Government-Owned Swiss Bank Launching Crypto Trading and Custody Services

Basler Kantonalbank (BKB), Switzerland’s eighth-largest bank, is getting into crypto through its subsidiary, Bank Cler.