Tag: Bank

Iran to Freeze Bank Accounts of Women Who Do Not Wear Hijab

As the Iranian government finds newer ways to impose restrictions on its people, the solidarity of the Iranian community is also worth talking about. Stories of brutal regimes unabashedly oppressing their people and consequently falling flat on their faces have existed throughout history. Seems like Iran is slowly inching toward its doom, but before that practically happens, it plans to make things dirtier and go down miserably, and be hated internationally. As if murdering Iranian teenagers wasn’t enough, the regime is now making efforts to close protesting women’s bank accounts.…

Iran set to freeze bank accounts of women who refuse to wear a hijab

A member of the Iranian parliament has told local media the government plans to impose new punishments on women who do not wear a hijab in public, with individuals who refuse to comply after two warnings possibly having their bank accounts frozen.  Hossein Jalali, a member of the Cultural Commission of the Islamic Consultative Assembly, told Iranian media on Dec. 6 that “unveiled persons” would be sent an SMS urging them to respect the law and wear a hijab before entering a “warning phase” and finally having their bank account…

Crypto Bank Silvergate Slides Further After Letter from US Sen. Warren

“[There are] reports that Mr. Bankman-Fried ‘secretly transferred some $10 billion of customer funds to his trading vehicle, Alameda Research,’ to fund ‘risky bets,’ violating both U.S. securities laws and FTX’s own terms of service,” said the letter. “We are concerned about Silvergate’s role in these activities because of reports suggesting that Silvergate facilitated the transfer of FTX customer funds to Alameda.” Source

South African Digital-Only Bank Launches Crypto Payments Gateway – Fintech Bitcoin News

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A South African digital-only bank (also known as a “neo bank”), Be Mobile Africa, has reportedly launched a crypto payment gateway that allows merchants to convert digital currency payments to fiat currency. Cédric Jeannot, the CEO of the digital-only bank, said the “new gateway is a game-changer” that also helps small businesses “preserve wealth in unfavourable economic conditions.” Storing Crypto With a Digital Bank The digital-only bank Be Mobile Africa recently created a cryptocurrency gateway that allows South African businesses and merchants to accept digital currency payments, a report has…

India’s Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims – Regulation Bitcoin News

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An Indian central bank official claims that if there is anything cryptocurrencies like bitcoin and ether can do, the Reserve Bank of India (RBI) should be able to create a product that will do the same job without the associated risks. “This is essentially what we are doing in the CBDC experiments,” he stressed. RBI Official on Cryptocurrency vs Digital Rupee Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar talked about cryptocurrency and central bank digital currency (CBDC) Friday at an event organized by the Indian Banks’ Association…

Central bank plans to make CBDC ‘only legal digital tender’ in Indonesia, says gov

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Bank of Indonesia governor Perry Warjiyo has announced developments in its plans to launch a central bank digital currency, or CBDC, for “various digital economic and financial transactions.” In a Dec. 5 speech at the central bank’s annual meeting, Warjiyo said the bank planned to release details on the conceptual design of a digital rupiah — a currency the equivalent of the country’s fiat — and open the matter to public comment. According to the governor, the Bank of Indonesia intended for the digital rupiah to be “integrated, interconnected, and…

SEBA Bank and Hashkey Group Forms Partnership to Drive Institutional Adoption

The partnership between SEBA Bank and Hashkey Group is forged to restore trust and allay fears from investors across the board. Swiss digital currency bank SEBA Bank has inked a strategic partnership with Hashkey Group to float new products and services that will drive institutional adoption of cryptocurrencies. As announced, both firms have signed a Memorandum of Understanding (MoU) to solidify the partnership with a drafted approach to maintain regulatory requirements in the jurisdictions where they operate. Per the terms of the partnership, SEBA Bank will serve as the official…