Banking

Australia

National Australia Bank Turns Back on Bitcoin, Closes Accounts

Australia's bitcoin-friendliest bank turns cold, closing accounts due to 'unacceptable risk' to its business and reputation.

Business  ·  9 April 2014
IRS

Federal Bank VP: Bitcoin Threat Means Banks Must ‘Adapt or Die’

The Federal Reserve Bank of St. Louis can compete with bitcoin as currency, but not payments, said David Andolfatto.

Policy & regulation  ·  1 April 2014
Bitcoin

UBS: Banks Could ‘Absorb the Benefits’ of Bitcoin

In a new report, UBS indicated it sees bitcoin's technology as capable of reducing financial costs while improving security.

Business  ·  28 March 2014
Crime

Bitcoin Banking, Solving ID Theft, and Why Regulators Should Love Pasties

John Law wonders if cryptocurrencies could secure your cash, BLTs could protect your ID and bitcoin is wrongly named.

Policy & regulation  ·  23 March 2014
Exchanges

Japanese Megabank Mizuho Now an Official Defendant in Mt. Gox Lawsuits

Changes to a lawsuit against Mt. Gox in North America added Mizuho Bank and founder Jed McCaleb as defendants.

Business  ·  16 March 2014
Banking

Seeing Through Regulation, Banking on Bitcoin, and a Sheer Art Attack

John Law discusses revolution in regulation, putting competition back into banking and shares his outlandish bitcoin art ideas.

Business  ·  16 March 2014
Banking

Goldman Sachs: Bitcoin Isn’t a Currency But Underlying Tech Holds Promise

The report, ‘All About Bitcoin’, cites bitcoin’s advantages and shortcomings – backed by statements from critics and supporters alike.

Business  ·  12 March 2014
Regulation

Central Bank of Jordan Blocks Financial Companies from Bitcoin

The Central Bank of Jordan has prohibited banks and financial companies from dealing with digital currencies, mentioning bitcoin specifically.

Policy & regulation  ·  23 February 2014
Exchanges

The Banking Industry’s Varied Views on Bitcoin

Different banks are taking very different stances in their attitude towards cryptocurrencies. We look at why.

Policy & regulation  ·  18 February 2014
Exchanges

The Evolution of the Bitcoin Clearing House

These may be the final months for large international bitcoin exchanges for retail purposes. What will take their place?

Business  ·  14 February 2014
Regulation

Major Multinational Bank Trials Integration with Bitcoin

South Africa's Standard Bank, the largest in Africa, is piloting a functional bitcoin portal developed by Singapore company Switchless.

Policy & regulation  ·  12 February 2014
Regulation

Reserve Bank of India Pressed for Clarification on Virtual Currency

An Indian bitcoin enthusiast has pressed the RBI for clarification after it issued a virtual currency warning in December.

Policy & regulation  ·  10 February 2014
Bitcoin

Major UK Banks Face Backlash After Withdrawal Limits and Delays

Customers are reporting difficulty obtaining their cash due to contentious policy changes and service interruptions.

Business  ·  27 January 2014
Coinbase

Wells Fargo to Host Bitcoin Event Following Private Summit

The bank is hosting an event to discuss bitcoin, following its private "summit" on the cryptocurrency in San Francisco.

Business  ·  23 January 2014
Exchanges

Cryptocurrency Exchange CoinMKT Announces US Banking Partner

Los Angeles exchange CoinMKT now trades in nine cryptocurrencies and is able to accept wires from US bank accounts.

Business  ·  21 January 2014