Germany advances in the field of cryptocurrencies. Recently, Deutsche Bank joined crypto fund manager Galaxy Digital in working with Dutch market maker Flow Traders Ltd. to launch a euro-pegged stablecoin.
The three partners have worked on the creation of a company, called AllUnity, for the next…
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deutsche bank
Deutsche Bank to offer cryptocurrency custody and tokenization services
Germany's largest bank, Deutsche Bank, announced that it will offer cryptocurrency custody and tokenization service after signing an alliance with the Taurus platform.
The German bank's interest in digital assets became palpable in 2021.…
The FED fines Deutsche Bank 186 million euros
The Federal Reserve of the United States (Fed) has fined the Deutsche Bank group, its division in New York and other subsidiaries in the country with 186.4 million dollars (166.7 million euros) after concluding that the German entity did…
Bank of Germany in negotiations to invest in cryptocurrencies
In an effort to revive its growth, Deutsche Bank has started talks with companies in the crypto sector in Germany.
The German bank, through Deutsche Bank's asset management arm DWS Group, is in "negotiations to buy a minority stake in…
Deutsche Bank earns more than a billion euros
Deutsche Bank started 2022 with rising net profit, which rose to 1.06 billion euros ($1.1 billion) in the first quarter, Germany's largest financial institution announced.
The result is 17 % more than the 908 million dollars obtained in…
Deutsche Bank expects ECB reaction to inflation
The president of Deutsche Bank and the Association of German Banks (BdB), Christian Sewing, stated that he expects a prompt reaction from the European Central Bank (ECB) in the face of the new increase in inflation.
“In the midst of all…
100 banks join the Swift Go service
One hundred banks, from around the world, have subscribed to the Swift Go service, which facilitates instant international payments to small businesses and consumers in a predictable, highly secure and competitively priced way from their…
Mastercard: Use of Cash Reduced Significantly Due to Pandemic
According to this analysis, in Mexico, six out of 10 citizens reduced the use of bills or coins by at least 11%.
Chile was the country where the use of cash decreased the most with 17%, followed by Peru and Puerto Rico, which had a…
Deutsche Bank passes Federal Reserve tests
Deutsche Bank successfully passed the Federal Reserve's stress tests for the second year in a row, even with stricter requirements imposed by the coronavirus crisis, the US financial institution announced Thursday night to Friday.…
Adidas prepares a credit line of 3,000 million euros
German clothing and sports equipment manufacturer Adidas is finalizing the details of a € 3 billion credit line in which a majority of KfW, the German ICO, will participate, the company said in a statement.
Specifically, the German public…
Central Bank of Germany warns of possible economic recession
The spread of the coronavirus could lead to a recession in Germany, according to an estimate published by Deutsche Bank.
"The German export-oriented economy will be severely affected by the disruption of international supply chains", said…
Deutsche Bank believes that digital assets will be fully adopted
A report prepared by the German bank Deutsche Bank determined that cryptocurrencies could be fully implemented in about two years.
The report published this week ensures that digital assets already have the potential to make a radial…