Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media reports. The move threatens to tarnish the country’s image as one of Europe’s most crypto-friendly destinations, a haven for bitcoin enthusiasts.
Portuguese Crypto Firms Hit by Bank Account Closures
Portugal, a leading European crypto […]
A new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion. Announcements of stablecoins and exchange services from giants Binance, […]
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Subzero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark have been in negative territory for a while and a growing number of banks in the region are now charging depositors for keeping their money. Saving in fiat right now, unlike cryptocurrencies lately, leads to […]
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The Senate of the U.S. state of Wyoming has passed a bill which defines cryptocurrency as property and establishes rules including for allowing banks to provide crypto custodial services. For secured transactions, however, the bill recognizes cryptocurrency as money subject to some of the same rules as money in the state. Also read: Indian Supreme Court Moves […]
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In a chilling but sadly all-too-familiar sequence of events, UK banks have been targeting cryptocurrency owners. Individuals who have cashed out large amounts of cryptocurrency – legitimately – have had their assets frozen and accounts locked without warning, fueled by fears of money laundering and a general distrust of bitcoin. One victim even claims to […]
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Coinbase has revealed that it has obtained a bank account with major U.K-based multinational financial services company, Barclays. The partnership comprises the first agreement reached between a leading U.K bank and a cryptocurrency exchange. Also Read: Secretive High-Tech Wall Street Trading Firm is Now Trading Bitcoin Coinbase Opens Account With Barclays The opening of an account […]
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The president of the European Central Bank (ECB), Mario Draghi, has stated that bitcoin does not fall under the regulatory powers of the ECB. The statement was made in response to a question from the Committee on Economic and Monetary Affairs of the European Parliament. Also Read: European Central Bank Criticizes Estonian National Cryptocurrency Plans “It […]
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Local media has reported that the Philippines’ central bank, the Bangko Sentral ng Pilipinas (BSP), has approved the registration of two virtual currency exchanges. The announcement comes after the BSP introduced legislation designed to recognize and regulate virtual currency exchanges earlier this year. Also Read: Philippines’ Central Bank Issues Guidelines for Virtual Currency Exchanges The […]
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