Most of the funds, as every week, have been requested in the twelfth round of long-term financing operations (LTRO) that the ECB announced to respond to liquidity demands from banks until June, such as part of his first response to Covid-19.
A total of 30 entities have requested 14,480.5 million…
Read More...
Browsing Tag
financial institutions
Bank of Egypt will use blockchain technology for remittance process
The National Bank of Egypt signed an agreement to use blockchain technology in the remittance process, as reported by the entity to the local Youm7 news media on February 11.
The agreement was signed by the financial entity together with…
Wells Fargo invests USD $ 5 Million to connect banks with exchanges
The investment division of the third largest bank in the US, Wells Fargo, invested USD $ 5 million in Series B of Elliptic, the startup specializing in connecting banks with exchanges, who promotes its services through the Elliptic…
Cryptocurrencies continue to gain more and more ground in the world
Confidence in financial institutions has been falling over the past few years, which has caused cryptocurrencies to gain a lot of ground at this time.
The study by the Center for the Governance of Change (CGE) at IE University concluded…
France will launch digital euro project for the first quarter of 2020
The governor of the Bank of France, François Villeroy de Galhau, said in a publication that the Central Bank of France plans to launch the digital euro project for financial institutions at the end of the first quarter of 2020, as reported…
WEG Bank AG will start trading with cryptocurrencies
The German institution WEG Bank AG stressed that it will begin processing payments in cryptocurrencies since 2020.
The bank, whose partial ownership is Blockchain Nimiq, TokenPay and Litecoin Foundation, is expanding its retail business…
Uganda does not have regulations for cryptocurrencies
The deputy governor of the Central Bank of Uganda, Louis Kasekende, declared at the end of June that currently the East African country does not have a regulatory framework for cryptocurrencies. The statement comes as a warning against the…
South Korean government will allow cryptocurrency exchanges
The head of the Financial Services Commission (FSC) of South Korea, said that all platforms dedicated to providing services in cryptocurrencies will not be slowed down by the banking institutions.
This information was provided by the…