VTB, Russia’s second-largest bank, has piloted a new blockchain-based system to issue bank guarantees. It has been reported that VTB provided a blockchain-enabled bank guarantee to the country’s largest mobile cellular network provider, MTS. However, as part of the development, the bank issued MTS a guarantee for the fulfillment of payment obligations worth 392 million rubles, or $5 million. The commercial operation implemented Masterchain, an Ethereum-based blockchain protot
Chinese province, Hainan, joins the blockchain ecosystem with the announcement of a pilot program of a cross-border financial services platform. According to Hainan Daily, the central government approved the initiative, allowing banks to provide loans to companies that look to export their products abroad. The measure seeks to reduce the bureaucracy of customs procedures while reducing the number of loan applications through regular channels. Initially, the pilot program will
CoinDCX, India’s largest cryptocurrency trading platform, has become the first cryptocurrency platform in India to integrate bank account transfers, as less than 6 hours after a three-judge bench of the Supreme Court ruled in favor of petitions by the crypto exchanges and startups opposing the RBI ban CoinDCX integrates with a Bank!
CoinDCX becomes the first cryptocurrency exchange in India to integrate Bank Account transfers.
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People’s Bank of China has recently put up a recruitment notice on its official site. According to the job post, the state bank is looking for six tech experts, who have a lot of experience with blockchain technology. Most of the people hired are set to work on the Digital Currency Research Institute. Candidates who apply should know that they are expected to be experts in cryptography, computing, microelectronics and/or econometrics. Likewise, the new employees would be resp
There are multiple branches that have been raided and several arrests were made. However, the Reserve Bank of India (RBI) continues to impose a withdrawal limit, preventing bank customers from accessing their savings. The bank has 137 branches across India. Since the RBI placed regulatory restrictions on Mumbai-based Punjab and Maharashtra Cooperative Bank (PMC Bank) Ltd., more events have transpired. Major developments have led to an alleged Rs 4,355 crore (~$615 million) ba