Category Archives: Banking

JPMorgan Tests the Waters for Debt Issuance on a Blockchain

For a bank that has distanced itself from cryptocurrencies, JPMorgan is sure fond of the blockchain.
The biggest US bank based on assets joined forces with the National Bank of Canada, among others, to develop an application based on its Quorum technology for debt issuance on the blockchain (corporate bonds, Treasury bonds, etc.) The test involved the issuance of $150 million of a one-year floating rate Yankee CD alongside a “simulation” of the issuance on the blockchain, according to the announcement. JPMorgan acted as the sole dealer. Continue reading JPMorgan Tests the Waters for Debt Issuance on a Blockchain

India’s Supreme Court Urged to Rule on Cryptocurrencies

Since 2013, the RBI has been issuing cautionary advice in the public interest. However, a sense of relief was embedded in all the cautions for the investors that, if at all, the hammer of Government will only fall on the miscreants who will flout the law of the land. Continue reading India’s Supreme Court Urged to Rule on Cryptocurrencies

UK Financial Regulator To Release Crypto Review This Year

The United Kingdom’s Financial Conduct Authority (FCA) will be publishing a review of cryptocurrencies this year in conjunction with the Treasury of the UK and the Bank of England (BoE), according to the FCA’s business plan for 2018/2019. Continue reading UK Financial Regulator To Release Crypto Review This Year

Chilean Cryptocurrency Exchanges See Banking Blockade

Three Chilean cryptocurrency exchanges, BUDA, Crypto MKT, and Orionx, are about to lose banking services as BancoEstado, the last bank supporting cryptocurrency exchanges in Chile, has announced
it’s closing the trading platforms’ accounts. Continue reading Chilean Cryptocurrency Exchanges See Banking Blockade