News
The financial regulator said the bank’s “compliance with laws and regulations does not require the continued existence of the order,” first issued in April 2022.
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Banks News
While one of the goals of cryptocurrencies is to render traditional banking obsolete, banks as a financial institution still play a critical role in the advent and adoption of the emerging crypto economy in two ways.
Firstly, outside of a physical cash exchange for cryptocurrency, banks provide the fiat bridges to cryptocurrency markets. Without them, the influx of capital and interest in the blockchain industry would be nowhere near the magnitude it is today.
Secondly, many of the world’s leading banks are researching and, in some cases, developing their own central bank digital currencies, or CBDCs, which aim to secure hegemony in the digital asset space largely in response to the growth of the crypto economy.
As digital finance evolves before our eyes, banks as a commonplace financial organization may change drastically in their role and purpose in society — even if it leads to obsolescence.
- News
State Street, one of the world’s top three asset managers, can now custody blockchain-based debt securities for institutional clients.
6246 - News
DBS Bank launched tokenized structured notes on Ethereum, expanding access to crypto-linked investment products for accredited and institutional investors.
6897 - News
Bitcoin fell below $113,000 as investors braced for Jerome Powell’s Jackson Hole speech that could set the US Fed’s path on interest rate cuts.
30315 - News
Crypto advocacy groups accuse Wall Street bankers of trying to tilt stablecoin rules in their favor, warning Congress against changes to the GENIUS Act.
5103 - News
Polkadot has launched Polkadot Capital Group to connect traditional finance with its blockchain ecosystem, focusing on tokenization and DeFi.
4048 - Analysis
The Banking Policy Institute wants lawmakers to further fine-tune the GENIUS Act to prevent any possibility of interest-bearing stablecoins.
3852 - News
A China Merchants Bank subsidiary launched a Hong Kong-based crypto exchange for professional investors after securing a virtual asset service provider license.
10241 - News
The current capital reserve requirements and rules make holding cryptocurrencies too costly for banks, limiting the sector’s growth.
18553 - Newsletter
Bullish’s blockbuster IPO headlines a week of big crypto moves — from Pantera’s $300 million treasury bet to BitMine’s $24.5 billion Ether grab.
10523 - News
The Federal Reserve said it would sunset a program specifically to monitor banks’ digital asset activities and would integrate them back into its “standard supervisory process.”
5917 - News
The Bank for International Settlements floated a compliance score for crypto-to-fiat off-ramps, using transaction history to flag and potentially freeze “tainted” assets.
7776 - News
Over 80 crypto and fintech executives asked the Trump administration to stop banks from levying data access fees, which threaten their business models.
15220 - News
Citi is exploring cryptocurrency custody and payment services, with an initial focus on stablecoin-backed assets.
5624 - News
Military Bank, a Vietnamese state-controlled lender, has partnered with the parent company of South Korea’s Upbit exchange, Dunamu, to develop a cryptocurrency exchange.
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