Swiss Banks Execute First Legally Binding Payment on a Public Bloc…
UBS, PostFinance, and Sygnum Bank executed what they call the first legally binding interbank blockchain payment on a public blockchain, under the Swiss Bankers Association...
Tag : Banks
Stablecoins Don’t Threaten Banks, ‘Deposit Erosion’ Is a Myth
Coinbase pushed back against claims that stablecoins threaten the US banking system, calling the idea of “deposit erosion” a myth. In a Tuesday blog post,...
‘If you’re short on Bitcoin banks, you’re betting against Bitcoin itself’ – Exec
Key Takeaways Corporate treasuries are embracing crypto, with Bitcoin and Ethereum dominating reserves while risky altcoins flash mixed signals. Despite $117.9 billion in BTC holdings,...
Thai Banks Freeze 3 Million Accounts In Anti-Scam Crackdown
Innocent people and businesses have reportedly been caught in the crossfire as Thai banks froze millions of accounts suspected to be “mules” for scammers over...
Banks Protest Crypto Firms’ Claim to Federal Reserve Payments Systems
Crypto businesses are seeking access to the US Federal Reserve’s (FED) payments systems that legacy finance institutions use to move money around swiftly. However, in a...