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Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings

Central bank digital currencies (CBDCs) featured prominently when global financial leaders met for this year’s World Bank Group and International Monetary Fund (IMF) joint Spring Meetings in the United States. Faced with emerging disruptive technologies like Bitcoin, their discussions also focused on how money and payments are taking on

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Online Bank Mistertango Offers Crypto Companies Multiple Accounts and Ibans

Mistertango is a platform that provides crypto users and businesses with access to traditional finances. Its services are open for exchanges, investors and others involved in the industry. The crypto-friendly payment processor offers both personal and business accounts that come with the option to create multiple Ibans. Also read:

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Bitcoin-Friendly US Bank Silvergate Now Serves Over 500 Crypto Companies

Silvergate Bank, headquartered in San Diego as a California state-chartered bank, started its cryptocurrency-related business in 2013. Now over 500 companies from the digital assets industry are using its services as one of the very few “bitcoin-friendly” banks based in the U.S. Also Read: American Electronics Giant Avnet Now Accepts

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Bank of Mexico’s Attempt to Regulate Crypto ‘Is a Disaster,’ Exchange CEO Explains

The long-awaited rules on crypto assets recently published by the central bank of Mexico have caused quite a stir. A local cryptocurrency exchange’s CEO explains to news.Bitcoin.com that “the impact goes beyond the crypto industry.” Calling it “a disaster,” he asserts that the people within the central bank “have

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US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctions using the petro. Also Read: In the Daily: Exchange to List STOs, Crypto Tax Tool for Accountants, Coinbase

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Mexico’s Central Bank Publishes ‘Catch-22’ Rules Impacting Crypto Exchanges

The central bank of Mexico has published rules on crypto assets that put crypto exchanges in “a catch-22 type of situation,” the CEO of a local exchange explained to news.Bitcoin.com. They “essentially stipulated that they wouldn’t authorize any cryptocurrency to be offered by regulated financial companies.” Also read: SEC Chair

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Online Bank Swissquote to Add Crypto Custodial Service

Lack of access to custodians that institutional investors know and trust is seen as a major hurdle for growing the sector. Thankfully, the demand has caused a flurry of companies to enter the business, with the latest being online bank Swissquote. Also Read: UK Regulator: 3% of Brits Have Bought

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Nordea Bank Faces Allegations of Laundering Russian Millions

Finnish public broadcaster YLE will air a damning program on March 4 that reveals Nordea Bank’s alleged involvement in a multi-million-dollar money laundering scheme. The program will show how dirty money, mostly from Russian criminals, passed through Nordea, the biggest lender in the Nordic region. Also read: Startup Company

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