India’s Central Bank Explains in Court Filing Why It Blocked Banks From Using Cryptos – CoinDesk

The Reserve Bank of India (RBI), the nation’s central bank, said it “ringfenced” financial institutions from dealing with cryptocurrencies over a range of perceived risks. In a response to a petition from the Internet and Mobile Association of India (IAMAI) – which is currently fighting the central bank in the nation’s Supreme Court on behalf […]

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State-Owned Chinese Bank to Finance Small Businesses With Blockchain Tech – CoinDesk

China Construction Bank, one of the nation’s “Big Four” state-owned commercial banks, launched a blockchain-based platform to support the financing of small businesses on Friday.  The bank aims to help small and micro companies sell their financial claims such as short-term notes receivable at a discount in return for immediate cash payments via the platform, […]

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