Bitcoin News — Bank

US Excludes Iran’s Central Bank from the Global Financial System

Posted by Kai Sedgwick on

US Pressure Excludes Iran’s Central Bank from the Global Financial SystemThe Central Bank of Iran has been cut off from the global monetary system, after the Swift banking network bowed to U.S. pressure. The move leaves Iran’s 81 million citizens financially excluded and facing serious economic consequences, amidst renewed U.S. sanctions. America’s coercion of Swift attests to the stranglehold the nation exerts on the world […]

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ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Evade US Sanctions

Posted by Kevin Helms on

ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Avoid US SanctionsMalta’s Pilatus Bank has been shut down by the European Central Bank (ECB). Its banking license was revoked after its chairman was charged in the U.S. with money laundering and organizing a scheme to evade U.S. sanctions. The bank had also been accused by a murdered journalist of processing corrupt payments. EU authorities now want new […]

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China Targets ‘Disguised’ ICOs in Crypto Crackdown Update

Posted by Samuel Haig on

The People’s Bank of China (PBOC) has discussed the regulation of cryptocurrencies and initial coin offerings (ICOs) in a recently published report that highlights its plan to crack down on “airdrops,” while laying the groundwork to potentially issue its own virtual currency. Also Read: Venezuela’s Supreme Court Orders Payment in National Cryptocurrency Report Highlights Plan to […]

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Brazilian Banks Ordered to Reopen Cryptocurrency Exchange’s Frozen Accounts

Posted by Jeffrey Gogo on

Brazilian Cryptocurrency Exchange Wins Court Challenge as Banks Reopen Accounts to Avoid PenaltiesA Brazilian court has ordered the reopening of cryptocurrency exchange Bitcoin Max’s bank accounts, which were closed without explanation by Banco do Brasil and Banco Santander in September. The two banks have reportedly reactivated the accounts to avoid paying fines. Also Read: Kenya’s Bithub Africa Mines Bitcoin Using Solar Power Threat of Fine Forces Banco Do Brasil […]

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Czech Bank Launches Cryptocurrency-Friendly Services

Posted by Lubomir Tassev on

Czech Bank Launches Crypto-Friendly ServicesA commercial bank in the Czech Republic is now offering online services that combine traditional financial features with those for cryptocurrency users. Expobank CZ says its customers will be able to trade cryptocurrencies, invest in startups, and buy precious metals through their accounts. Also read: Bill Proposes Tax Holiday for Cryptocurrency Businesses in Ukraine Bank […]

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