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Posts Tagged ‘banks financial institutions’

Singapore Banks Told to Boost Security After StanChart Data Theft

06
Dec
2013

SINGAPORE – Singapore’s central bank has called on financial institutions to tighten up cyber security after a database on elite customers of Standard Chartered Bank was compromised.

Category Security Written by SecurityWeek 0 Comments

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Bitcoin banned from Chinese banks amid fears of laundering

05
Dec
2013

Chinese regulators have banned financial institutions from using Bitcoin, warning that the virtual currency could be used for illegal activities and speculation. Chinas central bank, the Peoples Bank of China, announced the decision in a statement released Thursday, though it stopped short of banning Bitcoin altogether. Individuals are still free to use the digital currency in […]

Category Tech Written by The Verge 0 Comments

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China forbids banks to transact in Bitcoin

05
Dec
2013

Weeks after saying it has no plans to legitimize the virtual currency, People’s Bank of China has now banned financial institutions from handling any form of Bitcoin transaction, citing its association with criminal activities.

Category Security Written by ZDNet 0 Comments

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