Sberbank Plans To Trade Cryptocurrencies Overseas To Avoid Russian Regulations

Announcements, News | January 31, 2018 By:

Sberbank, the state-owned Russian banking and financial services company, is reportedly planning to bypass the Russian cryptocurrency regulations and offer crypto trading to customers outside Russia.

Sberbank’s head of global markets Andrey Shemetov said that the bank plans to start trading cryptocurrencies overseas in order to avoid violating domestic rules.

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Blockchain and Cryptocurrencies Are Bringing Us Into A New Age, Says Starbucks Chairman Howard Schultz

Blockchain, News | January 29, 2018 By:

Starbucks Chairman Howard Schultz said the coffee company does see a future in blockchain, and will likely incorporate cryptocurrencies into its long-term payment technology strategy.

On a call with investors last week, Schultz compared the current skepticism surrounding the technology to the doubtfulness around the Internet that existed just a couple decades ago.

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Cryptocurrency Regulations On Global Scale May Be Hard To Impose, Says Bank of Japan Official

News, Regulation | January 26, 2018 By:

Hiromi Yamaoka, head of the Japanese central bank’s division on payment and settlement systems, said that imposing global, across-the-board regulations on cryptocurrency trading will not be easy.

In an interview with Reuters, Yamaoka said that unlike South Korea and China, Japan wants to ensure any rules that it adopts won’t hinder innovation.

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Coinbase Exchange Hires Twitter Exec To Lead Customer Service

Job Appointments | January 23, 2018 By:

Former Twitter executive Tina Bhatnagar will be joining cryptocurrency exchange Coinbase as VP of Operations and Technology.

Bhatnagar, who at Twitter was VP of operations and user services, will lead all operational teams related to Coinbase and GDAX customers. She will be tasked to ensure Coinbase meets its commitments to double the size of its support team over the next three months and expand 24/7 phone support to all customers by Q2 2018.

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Cryptocurrency Traders May Face China Bank Ban

News, Regulation | January 22, 2018 By:

The People’s Bank of China (PBoC), the country’s central bank, has reportedly ordered financial institutions to stop providing banking or funding to any activity related to cryptocurrencies.

According to a document issued by the PBoC, banks must carry out internal investigations to ascertain if cryptocurrency trading activities are being conducted via their payment services.

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