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Lebanese Citizens Turning To Bitcoin While Facing Severe Financial Crisis

February 26, 2020

Lebanese citizens are increasingly turning to bitcoin in order to move funds in and out of the country. According to a report by Middle East Monitor, the Lebanese are using bitcoin and other crypto assets to...

Mode and Onfido Announces Partnership That Will Enable Mode’s Mobile App To Seamlessly Verify UK And European Citizens

February 11, 2020

A new UK mobile banking app Mode and Onfido, a global identity verification provider for everyday investors, store and manage BTC, have announced their partnership which will empower Mode’s mobile app to se...

Chinese Central Bank to Test Launch Its Digital Currency in 2 Cities

December 9, 2019

The People’s Bank of China (PBoC) is planning to launch its much anticipated central bank-backed digital currency (CBDC) in two cities – Shenzhen and Suzhou – initially for testing purposes. Reported by loca...

New Russian Law Aims to Allow Confiscating Crypto from Citizens

November 7, 2019

Russian authorities are planning to bring a legal structure that will allow them to confiscate Bitcoin and other cryptocurrencies, RBC reported on Thursday. Citing anonymous sources, the publication detailed...

HSBC US CEO to Retire, Citi’s Michael Roberts to Take Place

July 9, 2019

HSBC Holdings plc announced this week that the current President and Chief Executive Officer (CEO) of its United States operations, Patrick Burke, is retiring and will be succeeded by Citigroup veteran Michae...

Citing Regulator, Sberbank Scraps Crypto Plans in Russia

May 30, 2019

A leading executive at Sberbank said on Thursday that his company is scrapping its cryptocurrency plans. Speaking to reporters in Moscow, global markets head Andrey Shemetov said that steps taken, or perhaps...

Citi Suspends Initiative to Create Digital Currency

March 18, 2019

Citigroup has shelved its plans to introduce a blockchain-based token. A March 18 a Coindesk report revealed that Gulru Atak, Citi’s chief of innovation lab and global head of innovation for treasury and tra...

Citigroup Switches up Markets and Securities Teams in China

February 15, 2019

Banking giant Citigroup announced two key changes to its Chinese business on Friday. Ji Yang has been appointed Head of Markets and Securities Services, and Vicky Tsai will be working as Head of Securities S...

Venezuela to Force Citizens to Use Cryptocurrency Petro to Buy Passports

October 8, 2018

The Vice-President of Venezuela, Delcy Rodriguez, announced last Friday that passport issuance fees can only be paid in the government-created cryptocurrency Petro as of November 1, 2018. Furthermore, the cos...

HSBC Adds FX Veteran Brent Donnelly from Citi

March 16, 2017

HSBC has added foreign exchange (FX) specialist Brent Donnelly, who joins the lender from Citi to become an FX spot trader in the latest move for the group, according to an FX Week report. In his new role at...