Ukranian National Bank Confirms Interest in Integrating Bitcoin
To say there are many problems and crisis taking place in the Ukraine would be an understatement. The last two years have been a study in turmoil and internal strife, either socially, geopolitically, or in regards to their fiscal responsibility, which I will get to later. Little has gone well as of late, but there may be blue skies on the horizon for....
Related News
Protego joins Anchorage as the first string of digital asset firms to get national trust bank licensing. The Office of the Comptroller of the Currency has granted another crypto firm a national charter.Per an announcement shared with Cointelegraph today, Washington-based institutional crypto custodian Protego is the second crypto-native firm to get national licensing from the OCC. The new charter is conditional, and Protego is authorized as a national trust bank rather than a traditional bank, meaning that it will not handle deposits. Interestingly, Protego is a relatively new firm and is....
Ukrainian e-bank Monobank has expressed its interest in wanting to offer customers bitcoin trading by July. The bank has applied to the Bank of Ukraine to approve its application for a bitcoin debit card. This comes as the Ukrainian government progresses on crypto-related legislation. The announcement came from an earlier report which had cited the […]
The National Bank of Ukraine (NBU) has come forth with a statement on bitcoin, and they're telling citizens of the usual risks echoed a good number of times now from central banks around the world - warning that the bank shall not be responsible for the loss of any digital currency holdings. But perhaps more interesting is a call for bitcoin businesses that work as payments systems to register with the NBU: In accordance with Article 9 of payment organizations payment systems, payment systems participants and payment infrastructure service operators have the right to perform activities in....
On October 2 the National Bank of Ukraine warned regional banks and executives of the certain risks using virtual currency. This comes after previous warnings in 2014 with the financial institution giving similar warnings. Due to the Bitcoin conference in Kiev many in the banking community have seen a surge of interest in the digital currency. This newly found enthusiasm can be seen with many participants at conferences and meetings held amongst the Ukrainian banking crowd. This news also comes after the National Bank of Ukraine invited PayPal, Apple Pay, and Google Wallet to their....
A large retail and commercial bank in the United Kingdom, National Westminster Bank Plc, or NatWest, has recently warned its customers that they may be charged negative interest rates. This is the first time a UK high street bank has threatened negative interest rates on customer savings. Natwest Imposes Negative Rates on Business Accounts. For now, the....