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bank, coinbase, license, money, uk -

Major cryptocurrency exchange Coinbase is making significant strides in its European expansion. San Francisco-based Coinbase has now received an e-money license by the Financial Conduct Authority (FCA), the UKโ€™s financial regulator, enabling the cryptocurrency exchange to provide payment- and electronic money services as cash alternatives to customers in the United Kingdom and 23 countries within the European Union. Coinbase UK chief executive Zeeshan Feroz claims the license mandates Coinbase to comply with โ€˜strict rulesโ€™ enforced by UK regulators. In addition, Coinbase is laying claim to becoming the first cryptocurrency exchange to obtain its own UK-based bank account wherein Coinbase will...

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bank, banking, bitmain, blockchain, central, create, private -

There are always intriguing developments taking place in the cryptocurrency world. Bitmain, the worldโ€™s leading cryptocurrency mining hardware manufacturer, wants to invest in startups. That in itself is not surprising, but the companyโ€™s end goal is a bit of a surprise. They seemingly aim to create private central banks on top of blockchain technology. It is evident the terms โ€œcentral bankโ€ and โ€œcryptocurrencyโ€ do not mix all that well. In fact, these terms are almost mutually exclusive, especially in a positive manner. That hasnโ€™t kept companies from trying to build their own blockchain-based bank solutions, though. For some reason, Bitmain...

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bank, blockhain, brazil, brazilian, thereum, tokenize -

The Brazilian National Bank for Economic and Social Development (BNDES) is tokenizing the countryโ€™s national currency through ethereumโ€™s public blockchain to increase transparency. โ€œAny Brazilian can see the companies involved in the transaction and the transactions carried out.ย Critical information will not be stored in a database within BNDES.ย They will be public in the blockchain,โ€ Suzana Maranhรฃo, a member of the BNDES Token Team,ย saysย according to a rough translation.ย  ย  Sponsored Borrowers from the State Development Bank and those given grants will receiveย ERC20 Ethereum tokens calledย BNDES Token, each fixed at the value of 1 real. With the tokens being redeemable at will...

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bank, bitcoin, business, cryptocurrency, declares, jpmorgan, threat -

Cryptocurrencies are indeed a headache for banks as more of them are now opening up to the threat it poses to their business and survival.ย  JP.Morgan finally declares cryptocurrencies are a threat to their business for the first time in their annual report onย Tuesday. ย  Sponsored JP.Morgan has featured in many cryptocurrency related news in the past weeks and months mostly for the negative reasons. After calling Bitcoin a fraud, it was clear Jamie Dimon didnโ€™t see a fraud but saw a real threat when he made that statement. On Tuesday, JP Morgan released their annual report where the bank...

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ban, bank, bans, canada, credit card, crypto, cryptocurrency, global, purchase, td, toronto, trend -

Following in the footsteps of several major banks globally, the Toronto-Dominion Bank (TD), one of the largest banks in North America, announced ย in an email statement to customers on Friday, Feb. 23, that it is banning the purchase ofย cryptocurrencyย withย credit cards, local journalย The Globe and Mailย reports. Sponsored ย  A representative of TD, the first majorย Canadianย bank to enact such a ban, said that the bank regularly evaluates its policies and security measures โ€œin order to serve and protect our customers, as well as the bank.โ€ TDโ€™s move is part of a larger global trend of banks banning customers from credit card purchases...

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