Citigroup Planning To Make Crypto Investments Less Risky For Institutional Investors

Investing, News | September 10, 2018 By:

Financial services giant Citigroup has reportedly developed a new mechanism that makes cryptocurrency investments less risky.

Citing sources familiar with the latest development, Business Insider reported that Citigroup has created a “Digital Asset Receipt” (DAR), which will offer institutional investors a direct way of making crypto investments without the need to own them.


Citigroup Looking For Certified Bitcoin Professionals To Tackle Money Laundering

Announcements, News | April 19, 2018 By:

Financial services giant Citigroup is looking for bitcoin professionals to beef up its anti-money laundering team.

According to LinkedIn job ads, the New York-based financial-services giant is looking for a vice president and senior vice president for its anti-money laundering division to explore risks associated with money laundering in bitcoin and other cryptocurrencies.


Crypto Purchases With Credit Cards Banned By JP Morgan, Bank of America

Announcements, News | February 5, 2018 By:

JP Morgan Chase, Bank of America, and Citigroup have placed a ban on cryptocurrency transactions via credit cards.

JP Morgan enacted the ban on Saturday, saying the bank doesn’t want the credit risk associated with the transactions. “At this time, we are not processing cryptocurrency purchases using credit cards due to the volatility and risk involved,” a JP Morgan Chase spokesperson said in a statement.