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Tag Archives: Financial

Major Korean Financial Holding Company Wins Blockchain Patent for Improved Fintech Security

Leading South Korean financial holding company KB Financial Group Inc. has been awarded a patent for a blockchain-based fintech app security solution, South Korean economic news outlets The Digital Times reports Monday, Oct. 15. KB Financial is reported to have over $342 billion in assets under management and presides over multiple overseas and domestic subsidiaries, among them KB Kookmin Bank, ...

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Raido Financial Announces New Updates and Prepares for the Launch

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. A ...

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Rapid Growth of Bitcoin & Crypto Will Impact Global Financial System

The International Monetary Fund (IMF) has stated in a recently released report that the rapid growth of Bitcoin and crypto could impact the international finance system. The report entitled “World Economic Outlook: Challenges to Steady Growth” published by the IMF read: “Cybersecurity breaches and cyberattacks on critical financial infrastructure represent an additional source of risk because they could undermine cross-border ...

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South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto

The chairman of Korea’s Financial Services Commission Choi Jong-koo has reaffirmed his negative position on digital currencies and Initial Coin Offerings (ICOs), Business Korea reported Oct. 11. Choi spoke at a parliamentary audit session of the commission held at the National Assembly. South Korea prohibited ICOs in September last year, stating that such a type of fundraising is “almost a ...

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Blockchain or Banks: Which has a Better Security for Financial Transactions?

By now, it’s highly likely that most of us understand how Blockchain technology has dramatically changed and how the world operates considerably. The Blockchain system is an openly distributed digital ledger technology behind the cryptocurrency industry. According to Alex Tapscott, the co-author of the Blockchain Revolution, the Blockchain technology is changing the concept of banking and online security as a ...

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Crypto Funds Gets Greenlight from Swiss Financial Markets Regulator

In a move that clearly shows the government’s resolve to encourage investments in cryptocurrencies, Switzerland’s financial markets regulator has opened the floodgates for institutional participation in cryptocurrencies. Zug-based Crypto Finance AG subsidiary Crypto Fund AG becomes the first company to get the green light from the Swiss Financial Market Supervisory Authority (FINMA) to offer a wide range of blockchain-based assets to ...

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Cryptocurrencies Pose No Risk to Global Financial Stability: International Watchdog

A report published by the Financial Stability Board (FSB) on Wednesday, claimed that cryptocurrencies do not pose a risk to global financial stability at the present time while suggesting crypto markets need to be monitored. The report, which focuses on an assessment of the likely implications of crypto-assets for financial stability is a follow-up on an initial assessment carried out in the ...

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United Capital CEO: Blockchain Will Eventually Impact Every Financial Transaction

Although blockchain is still clearly in its early stages of adoption, it is becoming increasingly clear that the technology underpinning Bitcoin and cryptocurrency will ultimately affect the daily lives of all individuals. This sentiment is shared by Joe Duran, the founder and CEO of United Capital, who expressed his confidence in the blossoming technology while speaking to CNBC, explaining that ...

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Global Financial Stability Board: “Vigilant Monitoring” of Crypto Assets Needed

The global Financial Stability Board has released a report focusing on cryptocurrencies such a Bitcoin and Ether earlier today. During the document, the group stated that the fintech phenomenon does not yet pose a risk to financial stability, but careful monitoring of the space is required. FSB: Differing National Approaches to Crypto Make International Regulation Impossible at Present According to ...

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Crypto Assets Pose No Risks to Financial Stability, International Bankers Claim

International central banks and financial officials think that cryptocurrencies pose no significant risks to global economic stability, according to a report published by the Financial Stability Board (FSB) Wednesday, Oct.10. The FSB — an international agency consisting of 68 local institutions such as central banks, watchdogs, and ministries of finance that prepares recommendations for global financial systems  — published a ...

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