banks News and Articles

Leading Israeli bank Leumi will become the first Israeli bank to allow crypto trading. The digital investment app of the institution, Pepper Invest will provide the possibility in partnership with blockchain technology company Paxos. According to the Israeli media portal Ice, crypto trading will...

The Senate of the US state of Virginia approved a bill that will allow banks to provide crypto custody services in case they have enough resources to manage possible risks. Governor Glenn Youngkin is expected to sign the document in 7 days. This means that customers can trust banks to safe keep...

American major bank BNY Mellon says it's the primary international bank to enable customers to hold, exchange and issue digital currencies. However, one of the bank's fund management branches doesn't quite agree with the company's crypto strategy. BNY Mellon's subsidiary Insight Investment which...

Swiss international bank UBS is considering ways of offering digital asset investing to its wealthy customers. Taking into account the volatile nature of cryptocurrencies, the offering is planned for a very small group of customers at first. Details aren't known yet but variants include investing...

Boston-based leading international financial services provider State Street unlocks crypto purchase function on its network. Particularly, the institution partnered with Puremarkets to offer the option on the Currenex platform. Pure Digital is building an over-the-counter (OTC) crypto exchange...

South Korean officials announced that Line Corporation is launching a blockchain network which will allow central banks to develop digital ventures. Currently, the Japanese messaging major organization is in discussions with Asian banks. LINE is a Japan-based branch of South Korean firm Navel that...

Israeli banks should not refuse services to cryptocurrency companies, said Avichai Mandelblit, legal adviser to the Israeli government. This was reported by Cointelegraph with reference to local media. In his opinion, banks should carefully study each case to identify signs of the risk of money...