US Regulator Greenlights Banks to Provide Custody Services for Crypto

The Office of the Comptroller of the Currency (OCC), which is an independent bureau within the United States Department of the Treasury, has officially allowed federally chartered banks to store cryptocurrency wallet keys.

Ripple’s xRapid Solution to be Launched Within ‘Month or So’

Commercial version of Ripple’s payment platform xRapid could launched “in the next month or so,” Head of regulatory relations for Asia-Pacific and the Middle East at Ripple Sagar Sarbhai told CNBC on Monday, September 17.

Goldman Sachs to Launch a Bitcoin Trading Desk

Goldman Sachs is planning to launch a new cryptocurrency market on Wall Street by offering Bitcoin futures contracts, a move that could strengthen institutional adoption of digital assets.

The National Bank of Belarus to Use Blockchain for Security Bonds Ledger

Speaking at the international conference Digital Banking, the first deputy of the Belarusian National Bank’s board Taras Nadolny stated that the bank will use blockchain technology to create a security bonds ledger.

Attic Lab CEO: We’re Building Tomorrow’s Financial System Where Banks Are Vehicles

Sergei Vasilchuk, Attic Lab CEO, presented the company’s innovative solution for banks and businesses dubbed OpenBankIT at the recent Blockchain UA conference. The solution, which is based on the principles of OpenSource, Free and UserFriendly, seeks to build a whole stack of solutions for e-money and other assets.

Russian Banking Association Insists Moving ‘Working’ Processes on Blockchain Makes No Sense

Elman Mekhtiyev, executive VP of the Russian Banking Association, believes that implementing blockchain in processes that are already working fine makes little sense. According to Mekhtiyev, it’s too early to say the technology would prevail until there is a particular case where blockchain is better than centralized solutions.

Russian Banks Test Blockchain-Based Service for Customer Data Exchange

Russia’s biggest banks have run a series of test transactions using an Ethereum-based blockchain prototype developed by Cinimex.

Ukrainian Banker to Launch an Open Source Blockchain Platform for Banking

Sergey Fedotov, a Ukrainian banker with over 20 years of experience, has announced the launch of a banking platform for issuance of e-money that will be completely based on blockchain technology. The platform is said to become a full-fledged alternative to systems like Visa and MasterCard, and will provide banks with all functions necessary to […]

Credit Suisse Predicts Consolidation Of Financial Markets Due To Blockchain Integration

Financial conglomerate Credit Suisse has published a report on possible impact of blockchain once it’s implemented across diverse economy sectors. The report was prepared by thirty-one expert from different countries.

Russian Central Bank to Use Blockchain for a Register of Depositors

Russia’s Central Bank intends to use blockchain technology in creating a unified register of bank depositors. According to the Central Bank’s experts, the technology may solve the so-called problem of off-balance depositors.

VTB Top Manager: Cryptocurrencies Will Become a Real Means of Settlement and Money Saving

Senior VP of VTB bank Dmitry Breitenbikher told Business FM that cryptocurrencies may become a very real means of settlement and money saving in 10 or 20 years’ time.

QIWI to Lead Russian R3 Effort

According to Russian news outlet Izvestia, local payments processor QIWI intends to become the driving force behind creation of a consortium of Russian banks interested in development of blockchain applicability standards.