The two biggest crypto concerns of global banks are debt liability from customers who have no protection from market volatility; and security risks associated with unregulated exchanges, such as terrorism funding, scam operations, money laundering and oth
These “cryptocurrency-friendly” locations include Singapore, Switzerland, Estonia, Malta, Japan, Dubai, and the Cayman Islands.
Asia has attracted more funds in FinTech investments than in North America and Europe, partly driven by the rapidly expanding middle class and 'digital natives' who have enthusiasm to tap into the latest technology.
This implementation will allow the financial services firm to accelerate growth by delivering unique and innovative customer finance offerings, while creating a digital disruption in the market space.
The Reserve Bank of India last week issued an order to banks barring all transactions related to virtual currencies, a move, stakeholders say, made without any consultation
“One hundred percent of the initial registrations received are from retail customers and around 90% of them are from mobile phone users showing promising signs of people’s growing comfort with financial transactions on the mobile phone,”