News about BANKING

News about Banking

The idea that crypto is causing more scams is a joke. Scammers will scam regardless of if it's cash, banking, investment, or crypto.

https://www.straitstimes.com/singapore/consumer/nearly-470-people-lose-at-least-85m-to-phishing-scam-involving-ocbc-bank Just saw this news today that 8.5 million was scammed out of 400+people in the down of 2 weeks. In a single country. Imagine how...

Bitcoin Banking

I'm researching an article on MMT vs. Bitcoin, looking for some help on one topic. Legacy banks create deposits (their accounts payable ledger), usually using about 10x leverage on reserves. Are their any Bitcoin banks that create Bitcoin credits...

Bitcoin Frees You From a Banking System That Is Totally Anachronistic. Bitcoin removes unnecessary middlemen.

The current banking system is totally anachronistic. You work hard to earn money. The fruit of your labor is placed in a bank account, and you want to be able to use it as you wish at any time. This is normal since it is your money. It's Saturday...

Thoughts on Crypto-Backed Banking? Purchased House with Crypto. Banks are fast adopting!

Hi all, I’ve been looking to buy a house and currently have all my money in Crypto. Asked my mortgage rep if that would be an issue because I would have to show proof of funds and I no longer have a savings account. Their response, “That’s not an iss...

US concidering cutting off Russia from SWIFT banking system. If this happens, Russia will be forced to find an alternative monetary network. This would be bullish for Bitcoin.

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Godfrey Bloom Former Member of the European Parliament on why the whole Banking System is a Scam.

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650 Banks to adopt use of Bitcoin adding 18m customers banking & paying with Bitcoin.

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Largest banking association in Germany “Sparkassen” are in preparation to offer every customer to easily buy cryptocurrencies - 50 million customers, insanely bullish

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Major Indian bank breaks ‘banking ban’ with WazirX crypto exchange deal

Indian banks have reportedly been slow to accept the Supreme Court’s decision allowing them to do business with crypto firms. Kotak, India’s leading private bank, has...

SEC Chair Gary Gensler shows his true colors by saying Bitcoin has disrupted the global banking system

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SEC Boss Acknowledges That Bitcoin Is A Competitor For U.S. Banking System

Bitcoin has proven to be a long-term play which means nations can no longer ignore the impact of the cryptocurrency on the economy. One way that nations have responded to this has been through regulations. While some countries have implemented favora...

The Banking Industry is taking $12 Billion in Overdraft Fees each Year from poor People: How is Crypto the Problem?

submitted by /u/SxQuadro [link] [comments]

Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing

The senator said he had "significant concerns with the non-standardized terms applicable to redemption of particular stablecoins" in separate letters to eight crypto firms....