#banks

The United Kingdom’s Prime Minister is going to host a wide international anti-corruption summit in London on May 12. “The summit will seek to galvanise a global response to tackle corruption. As well as agreeing a package of actions to tackle corruption across the board, it will deal with issues including corporate secrecy, government transparency, […]

April 12, in the course of Exchange Forum 2016 in Moscow, head of Bank of Russia’s department for financial market development Yelena Chaikovskaya told that the Central Bank was watching the blockchain technology closely, and the attention was rather positive. Moreover, she said, blockchain may be used in the Central Bank’s project for bondization in […]

Vice President of Sberbank of Russia, the country’s biggest state-owned bank, Andrei Sharov believes banks may disappear by 2026 because of blockchain technology’s impact. “In ten years, I’m afraid, there will be no banks, and I won’t have any job. Now, peer-to-peer crediting platforms are effectively developing, just as blockchain-based payments technologies,” he told Rambler […]

R3 has finally shared the details of their work on their financial solution for banks, Corda, based on distributed ledger. The blockchain startup R3, founded in late 2015, leads a consortium of 42 major banks and financial institutions with the single aim – to provide banks the opportunities of the disruptive technology in a way […]

Roman Sulzhyk, former managing director for futures market at the Moscow Exchange, predicted at Blockchain Conference Kyiv that Bitcoin would be dead in 20 years’ time. Sulzhyk believes Bitcoin is but a phase of natural evolution of money while true crypto-revolution is just dawning.

A few days ago, Bankir.ru published an interesting feature by Corezoid founder and PrivatBank’s e-business center head, Alexander Vityaz. His predictions stating that VISA, not Bitcoin or blockchain technology, will eventually destroy the banking system, have gone viral across media and social networks. ForkLog talked with Alexander to make things clearer. FL: In your feature, […]

According to Australian Financial Review, the Australian Competition and Consumer Commission (ACCC) has concluded the local banks did not go into huddle by blocking their services to several bitcoin companies. The regulator said no further investigation of the matter is required. The publication references to the letter by the ACCC’s chairman Rod Sims to senator […]

Messaging app Sender developed by Ukrainian team has implemented a function of encrypting user messages with bitcoin wallet keys. A bitcoin wallet is integrated in the app.

According to the Financial Times, America’s biggest bank in assets, JP Morgan Chase, partnered with New York-based startup Digital Asset Holdings launched an experimentap project to implement blockchain technology in banking, The Financial Times reports.

Bank of Tokyo-Mitsubishi UFJ, Japan’s biggest bank, has its own virtual currency dubbed MUFG Coin under development. Also it has finalized its pilot app. The news come from a post on Reddit by user jonny1000 who provided translation of a brief piece from Japanese publication Asahi. The publication itself references to an unnamed source in […]

Minouche Shafik, Deputy Governor, Markets & Banking Bank Of England, stated the bank considers using the distributed ledger technology in its new infrastructure.

In the U.S., four states have already legalized recreational marijuana, namely Alaska, Colorado, Oregon, and Washington alongside with Washington D.C. While the business is completely legal there, and is mostly dedicated to medical purposes, American federal laws still consider marijuana businesses illegal.