Banking

In a March 17, 2019, ruling, judge Limor Bibi wrote that the bank's policy was too broad. It is "unreasonable," he wrote, for banks to adopt a "sweeping policy" under which they ban all activity related to bitcoin or other cryptocurrencies.

The current approach is a logistical “nightmare" for cities, the state and legal marijuana businesses, says the group. Paying taxes in cryptocurrencies like bitcoin could be a solution.

The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state.

The Ontario Superior Court of Justice has recently moved to take custody of a large sum of assets from a crypto exchange currently frozen in accounts at the Canadian Imperial Bank of Commerce (CIBC).

Top-three cryptocurrency exchange Bitfinex is pushing back against claims that call its solvency into question.

A new venture involving institutional heavy hitters from across banking, trading and energy sectors is tapping into the Ethereum blockchain to settle commodity trades.

European users can now enable direct wire transfers from European banks to buy bitcon and other cryptocurrencies from their Abra wallets.

The top news stories in bitcoin, cryptocurrencies and blockchain technology from the past week.

“A lot of people are sending money to their relatives in Venezuela and they want a cut of that,” Venezuelan Eduardo Gómez tells Bitcoin Magazine in an interview.

The Bermuda Monetary Authority has spearheaded a new bill that will establish a novel, restricted banking license to encourage banks to provide their services to fintech companies.