Stablecoins may qualify as “money” under Texas law, according to updated guidance from the state Department of Banking. A memo published Wednesday by Texas Banking Commissioner Charles Cooper outlines how cryptocurrencies are to be treated under local and federal regulations, in particular adding details of how stablecoins backed by sovereign, or fiat, currencies may be assessed. The […]

Bank of America (BoA) has filed another blockchain patent, documents with the USPTO reveal. The American multinational investment bank stated that it would use blockchain, the underlying technology which powers the world’s leading cryptocurrency Bitcoin, to handle some portions of its cash handling devices. The patent, titled “Banking Systems Controlled by Data Bearing Records, mentioned blockchain around […]

It seems that Malta is about to get a bank that will finally begin servicing crypto and blockchain companies as well as high net worth individuals, who until recently, have been shunned by traditional banks on the so-called ‘Blockchain Island’. OK Group’s investment arm, OK Blockchain Capital Limited, announced that it is the anchor investor in RnF Finance Limited, […]

The EU is in the process of establishing a blockchain forum and has invited at least five major banks including BBVA and Santander. The purpose of the IATBA (International Association for Trusted Blockchain Applications) is to “ develop a trusted, secure and resilient European Blockchain Services Infrastructure meeting the highest standards in terms of privacy, […]

Two bank employees have been working on setting up a new cryptocurrency trading desk in Barclays, one of the UK’s ‘Big Four’ banks. At least, that’s what it says on their LinkedIn profiles. Business Insider reports that Chris Tyler’s profile stated that he’s been “hired to produce a business plan for integrating a digital assets […]

The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system. The bank tested the technology for the first time in one of its branches in China’s Guizhou province, issuing a loan backed by a piece of agricultural […]

Everex, a Singapore-based financial technology firm, has partnered with Myanmar’s Shwe Bank to introduce blockchain-Powered remittance Services between Myanmar and Thailand. The blockchain firm claims that the partnership will enable millions of Myanmar migrant workers living in Thailand to send money home instantly and securely at much lower transaction costs than traditional remittance methods. Blockchain […]

The Maltese Islands continue to be among the prime movers in the crypto and blockchain space with new developments occurring almost every day. In fact, Tuesday was another landmark as a company called Palladium claimed to launch what it has called as the world’s first Initial Convertible Coin Offering or (ICCO) platform. In this innovative case, what […]