Belarusbank, the largest bank in Belarus, is considering setting up a crypto exchange, local information agency BelTA reports on Jan. 28.
According to the bank's chairman of the board Viktor Ananich, efforts are now being made to explore the possibility of setting up a cryptocurrency exchange.
Ananich claimed that digitization is one of the most important focuses of Belarusbank in 2019, noting that the bank is also working with mobile carriers, aiming to expand its services.
Specifically, Belarusbank is planning to issue virtual cards - online, rather than physical, credit cards - in a few months, as Ananich revealed.
The chairman emphasized that the banking sector should keep up with the digital industry, as the space is evolving very fast.
Owned by the State Property Committee of Belarus, Belarusbank is the leading banking institution in the country, according to its volume of equity, assets, loans and deposits.
On Jan. 15, reportedly the first crypto trading platform that allows users to purchase tokenized traditional assets such as shares and gold with cryptocurrencies was launched in Belarus.
In November 2018, Belarus High-Technologies Park, which has been dubbed the Belarusian Silicon Valley, set up regulation for crypto-related business in the country, including companies related to operations with initial coin offerings.
Recently, major European crypto exchange Bitstamp partnered with Swiss online bank Dukascopy in order to conduct Bitcoin transactions on behalf of Dukascopy Bank.
On Jan. 21, Swiss Falcon Private Bank launched support for direct transfers and storage of select major cryptos, allowing both private and institutional investors to transfer them to and from the bank's own segregated Falcon wallets, as well as convert crypto into fiat.
Belarus' Largest Bank Considers Setting up Crypto Exchange, Says Chairman of Board
Publié le Jan 28, 2019
by Cointele | Publié le Coinage
Coinage
Nouvelles récentes
Voir tout
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.