Santander Partners with Taurus for Crypto Asset Management
The new partnership with Taurus suggests that Banco Santander anticipates a greater role for crypto in traditional finance.
A Spanish banking group Santander is going to use the blockchain technology.
The new partnership with Taurus suggests that Banco Santander anticipates a greater role for crypto in traditional finance.
Santander has made this move while most big banks limit their exposure to decentralized blockchains and the cryptocurrencies running on them.
The fund will be audited independently by PwC, one of the world’s leading professional services organizations.
According to the bill, the central bank of Brazil has control over crypto firms, while the CVM handles tokens that are securities.
The objective of this project is to streamline the processes of transacting with different kinds of property through the platform.
With the new service, Santander will offer customers the opportunity of paying interest-free installments within seconds.
Apart from HSBC, some other UK banks, such as Barclays, have already blocked payments to Binance.
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Revolut has experienced the exodus of staff and officials since the coronavirus pandemic struck. Besides the 62 redundancies that the company announced earlier in the year, the company fired more than 50 of its employees.
Following its IPO, nCino (NCNO) stock increased 195% on the first day of trading. However, today it is down nearly 15%.