Questions tagged [financial institution]

Giuseppe Sun Dec 01 2024 | 7 answers 1778

I am looking for a bank that doesn't require KYC procedures. Is there any bank that offers services without the need for Know Your Customer verification?

HanRiverVisionary Thu Nov 21 2024 | 6 answers 1272

I'm wondering if Cash App should be considered a financial institution. I use it for sending and receiving money, but I'm not sure if it falls under the same category as banks or other traditional financial institutions.

QuasarPulse Tue Sep 24 2024 | 7 answers 976

Excuse me, could you please elaborate on the concept of "branch code" in the context of cryptocurrency and finance? I'm a bit unclear on how it fits into the overall framework of financial transactions, especially in the digital realm. Is it a unique identifier assigned to specific branches of financial institutions for the purposes of tracking and managing transactions? Or does it serve a different purpose altogether? Clarifying this would greatly assist me in understanding its significance and how it relates to the broader field of cryptocurrency and finance.

Riccardo Mon Aug 26 2024 | 6 answers 1720

Could you please clarify who exactly a hedge counterparty is in the context of finance and cryptocurrency? Are they a financial institution or an individual investor? How do they typically engage in hedging activities, and what are the risks and benefits associated with being a hedge counterparty? Additionally, could you provide an example scenario where a hedge counterparty would be involved in a cryptocurrency transaction?

Giulia Mon Aug 26 2024 | 5 answers 1136

Could you please clarify for me what exactly a financial counterparty is? I've heard the term used in various contexts but I'm still a bit unsure of its exact meaning. Is it simply another party involved in a financial transaction, or does it carry a more specific definition? I'm particularly interested in understanding its role in cryptocurrency and finance.