Blockchain and Cryptocurrency Is 'Here to Stay and Impossible to Regulate at Large' — CEO of a United Arab Emirates Based Bank – Finance Bitcoin News

Blockchain and Cryptocurrency Is 'Here to Stay and Impossible to Regulate at Large' — CEO of a United Arab Emirates Based Bank

Blockchain is a revolutionary technology that is not yet fully understood by the banking industry at large. While its application is easy to grasp in certain areas like Know Your Customer [KYC] or the real estate title deed verification, blockchain supposedly allows parties to transact with each other without the need for an intermediary. This raises the concerns of the authorities that would like to monitor the activity.

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Another American Bank Partners with NYDIG to Offer Bitcoin to CustomersMore lenders and other financial institutions in the United States are partnering with NYDIG to offer Bitcoin services to account holders.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Flushing it: $8B New York commercial bank to offer Bitcoin servicesFlushing Bank has unveiled a partnership with NYDIG to launch Bitcoin services later this quarter. “Our research is clear; consumers want Bitcoin and they want it through the banks and credit unions they already trust,” says NYDIG.
Source: Cointelegraph - 🏆 562. / 51 Read more »