banks

The National Bank of Belgium: 64% Belgian banks consider the end to the banking due to Fintech

2018-11-24T19:37:28+03:0025 November 2018|Tags: , |

The National Bank of Belgium conducted a survey that stipulates the end of modern banking system in the world. It's curious that 64% of polled representatives of Belgian banks believe in such outcome due to the blockchain technology. Only 38% consider this scenario as implausible. At the same time banking people don't like since more [...]

FINMA: banks may accept cryptocurrencies risk

2018-11-05T22:24:01+03:005 November 2018|Tags: , |

Swiss Financial Market Supervisory Authority (FINMA) has come up with recommendations for Swiss banks regarding cryptocurrencies risk. The regulator advises to accept this risk and don't defy it. FINMA recommended Risk weighting ratio at 800% calculated against the original sum invested or taken as a deposit in cryptocurrencies. This advice just unfold that Switzerland's authorities [...]