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Category: banking

  • Chinese Police Raids Illegal $1.9B USDT Banking Operation: Report

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    Investorempires.com

    Chinese police forces have blown up a major underground banking operation using the popular stablecoin Tether (USDT) to facilitate transfers of up to 13.8 billion yuan ($1.9 billion). according to a report From local media house Weixin The Chengdu Municipal Public Security Bureau arrested 193 suspects in connection with the…

  • Chinese Police Raids Illegal $1.9B USDT Banking Operation: Report

    •

    Investorempires.com

    Chinese police forces have blown up a major underground banking operation using the popular stablecoin Tether (USDT) to facilitate transfers of up to 13.8 billion yuan ($1.9 billion). according to a report From local media house Weixin The Chengdu Municipal Public Security Bureau arrested 193 suspects in connection with the…

  • Barclays, HSBC, Virgin Money and others spent $63.3 million to help resolve banking complaints for business customers—the project failed

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    Investorempires.com

    A £50 million ($63.3 million) service to fix problems between banks and their small business clients is set to close after three years. When the business banking solution, backed and funded by a group of lenders, was launched in February 2021, the industry belief 60,000 customers will be eligible to…

  • Barclays, HSBC, Virgin Money and others spent $63.3 million to help resolve banking complaints for business customers—the project failed

    •

    Investorempires.com

    A £50 million ($63.3 million) service to fix problems between banks and their small business clients is set to close after three years. When the business banking solution, backed and funded by a group of lenders, was launched in February 2021, the industry belief 60,000 customers will be eligible to…

  • Senate Passes Bill To Scrap Anti-Crypto Banking Policy

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    Investorempires.com

    The US Senate passed a resolution on Tuesday to overturn a de facto ban preventing banks in the country from offering cryptocurrency custody services. The vote sparked cautious optimism from Bitcoin’s most ardent supporters online and in Congress, who remain wary of the possibility of a presidential office veto. Will…

  • Senate Passes Bill To Scrap Anti-Crypto Banking Policy

    •

    Investorempires.com

    The US Senate passed a resolution on Tuesday to overturn a de facto ban preventing banks in the country from offering cryptocurrency custody services. The vote sparked cautious optimism from Bitcoin’s most ardent supporters online and in Congress, who remain wary of the possibility of a presidential office veto. Will…