Dozens of entrepreneurs, made newly wealthy by blockchain and cryptocurrencies, are heading to Puerto Rico. They are selling their homes and cars in California and establishing residency on the Caribbean island.
Bankera, one of the biggest FinTech ICOs, has become the first blockchain-based startup to acquire a private bank. The acquisition of Pacific Private Bank Limited is in line with Bankera’s mission of becoming the next generation bank for the blockchain era, providing a one-stop-shop for all crypto things.
An Austria-based cryptocurrency startup Coinfinity is reported to complete the first Bitcoin ATM transaction made using the Lightning Network (LN). Coinfinity is already known for deploying the first Bitcoin ATM allowing a person to exchange bitcoins and cash as well as introducing a web-based cryptocurrency trading platform in Austria.
Santander will roll out a Ripple-powered app in Spain, Brazil, the U.K. and Poland. Customers will be able to use the app to facilitate same-day cross-border payments in under a minute. The app will also provide a digital wallet, a personal finance manager and help aid person-to-person payments.
Regulators have approved Canada’s first blockchain exchange-traded fund (ETF). Two other Canadian companies are seeking to launch blockchain funds.
The logistics arm of Chinese retail and internet giant JD.com has joined the Blockchain in Transport Alliance (BiTA).
JPMorgan Chase & Co and Bank of America Corp, two largest banks in USA, said they’re halting purchases of Bitcoin and other cryptocurrencies on their credit cards. Citigroup, the nation’s third-biggest bank, is still reviewing its policy.
“At present the Global Policy on Personal Investment is silent on cryptocurrencies and thus disclosure and pre-clearance is not required” in most cases, UBS told staff this week. The bank is considering implementing “additional rules and requirements,” including an obligation for staff to seek permission before trading.
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