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The Potential Conflict between Central Bank’s Cashless Policy and the Ban on Cash Withdrawals from VASPs’ Operated Accounts – Insights from a Nigerian Lawyer

Benito Cormi2 years ago3 min read

Reasonable and Understandable Guidelines Nigerian fintech lawyer Senator Ihenyen acknowledges that the Central Bank of Nigeria’s (CBN) new guidelines, which prohibit cash withdrawals from virtual asset…

Approval Granted for Pilot of Stablecoin by Nigerian Bank-Fintech Consortium

Benito Cormi2 years ago2 min read

ASC’s Stablecoin Scheduled for Late February Launch The Central Bank of Nigeria (CBN) has approved the Africa Stablecoin Consortium (ASC) to pilot its cNGN stablecoin initiative…

US Banks Witness a Whopping $359.32 Billion Withdrawn in 12 Months, Ex-IMF Official Warns of Impending Banking Crisis by 2024

Daisy Hodley2 years ago2 min read

An IMF Insider Predicts a New US Banking Crisis in 2024 An insider from the International Monetary Fund (IMF) has warned that a new banking crisis…

New Allegations: JPMorgan Chase Suddenly Freezes and Closes Bank Account, Leaving Customers in the Dark with No Explanation or Recourse

Daisy Hodley2 years ago3 min read

JPMorgan Chase Accused of Terminating Bank Account Over Suspicious Activity Concerns JPMorgan Chase is facing allegations of abruptly closing and locking down a customer’s bank account…

FTX Ventures Secures $100 Million Stake in Partnership with Dave for Bankruptcy Resolution

Wyatt Newson2 years ago2 min read

FTX Ventures and Dave Reach Agreement on $100 Million Stake Fintech firm Dave is set to acquire a $100-million convertible promissory note from FTX Ventures, the…

Spanish Central Bank Selects Adhara, Cecabank, and Abanca for CBDC Testing

Blount Charleston2 years ago3 min read

Spain’s Banco de España Partners with Cecabank, Abanca, and Adhara Blockchain for Wholesale CBDC Pilot Spain’s Banco de España has announced a partnership with Cecabank, Abanca,…

Collaboration Between Bank of Spain, Cecabank, Abanca, and Adhara Blockchain for CBDC Tests

Wyatt Newson2 years ago3 min read

Bank of Spain Partners with Cecabank, Abanca, and Adhara Blockchain for CBDC Pilot Spain’s central bank, Banco de España, has announced its chosen collaborators for the…

Report Reveals $1 Billion of Unclaimed Assets Awaiting Customers in a Single US State’s Bank Accounts

Daisy Hodley2 years ago2 min read

The Hidden Fortune: Over $1 Billion in Unclaimed Assets in One US State In a startling revelation, the Treasury Department of North Carolina has reported that…

Bank of Spain unveils partners for pilot program on Central Bank Digital Currency (CBDC)

Noah Rypton2 years ago2 min read

The Bank of Spain Partners with Cecabank, Abanca, and Adhara Blockchain for CBDC Pilot The Bank of Spain has selected Cecabank, Abanca, and Adhara Blockchain as…

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Bank - Page 225 of 292 - Lolacoin