Tag Archives: Banking

Report: South Korea to Decide Thursday on Crypto Exchange Regulation

South Korea will make a decision on Thursday over its stance on cryptocurrency exchange regulation, according to a report by Reuters. Responding to a parliament member at the national policy committee meeting today, Choi Jong-ku, head of South Korea’s Financial Services Commission, explained how such regulation may play out, reportedly saying: “(The government) (more…)

Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians

More than 100,000 South Korea residents have signed petitions asking the government there to step back from any plans to close the country’s cryptocurrency exchanges. Earlier this week, the South Korean Justice Ministry announced that it was preparing legislation to close the country’s online exchanges amid a speculative boom in cryptocurrencies. That (more…)

Banks and the Blockchain Blues

Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. Like the misleading opening of a well-crafted thriller, the blockchain bustle in the banking sector is sending a confusing message. To see how, let’s take a brief look (more…)

South Korea’s Biggest Banks Face Inspection into Cryptocurrency Accounts: Report

Advertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. South Korean authorities are reportedly launching inspections into bank accounts related to cryptocurrency exchanges to crack down on money laundering and speculative trading. According to Korean publication Yonhap, South Korea’s Financial Intelligence Unit (KoFIU) and the Financial Supervisory Service (FSS) (more…)

Bank Blockchain Integration: A Challenge Overcome

John Whelan is blockchain lab director at Banco Santander, where he specializes in the application of blockchains, distributed ledgers and smart contracts within the financial industry. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. For the past couple of years, there has been an extraordinary amount of hype around the potential (more…)

Volatility: A Necessary Ingredient for Monetary and Social Transition

Farzam Ehsani (@farzamehsani) is the blockchain lead at RMB and the Chairperson of the South African Financial Blockchain Consortium (SAFBC). The following article is an exclusive contribution to CoinDesk’s 2017 in Review. Nothing lasts forever – we live in a world that is subject to the immutable law of change. However, it’s also (more…)

Bitcoin or Blockchain? Bet That Both Will Thrive in 2018

Caitlin Long is the chairman and president of Symbiont, an enterprise blockchain platform.  The following article, an exclusive contribution to CoinDesk’s 2017 in Review, outlines Long’s personal views and is not intended to provide investment advice. Bitcoin and blockchain are often pitted against each other, but I come from both worlds and believe that (more…)

The 2017 Tapscott Blockchain Prediction Scorecard

Don Tapscott is the CEO of The Tapscott Group, one of the world’s leading authorities on the impact of technology on business and society. He has authored over 15 books, including “Blockchain Revolution,” published in May 2016 by Portfolio. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. Notwithstanding our admonition (more…)

Kenyan Police Arrest Bitcoin Traders Due to Alleged Banking Fraud

The Kenyan police have arrested three peer-to-peer Bitcoin brokers Emma Kariuki, Stanley Mumo, and Timothy Gachehe for allegedly trading stolen money through the local trading platform LocalBitcoins. The funds were reportedly stolen by a person using the pseudonym “BADASS20” from the I&M Bank and a Safaricom Pay Bill account. According to a (more…)

Indians know that their online data is under threat, but they’re still careless

Indians are nervous about rising cybersecurity threats. Nearly six in ten Indians feel that businesses don’t take the security of customer data very seriously, according to a survey of 10,000 customers using online or mobile banking, social media accounts, or online retail accounts, including over 1,000 from India. Consumers’ security concerns run so (more…)