Category Archive For "Banks"
in Avanti, Banks, Bitcoin Adoption, business
Avanti launches crypto-friendly bank in Wyoming
The Wyoming State Banking Board voted unanimously to grant Avanti a bank charter.
in Banks, Fintech, Government, Law, SoFi
Loan refinancer and BitLiscensee SoFi is clear to launch a national bank in the US
The new bank will be subject to heightened scrutiny from the OCC for at least three years.
in Bank of Canada, Banks, Canada, CBDC
Bank of Canada calls central bank digital currencies risky, especially storage
Is risk in the eye of the beholder?
in Banks, CBDC, ecb, EU, Regulation
ECB to consider further digital euro study in 2021
The report is only the start of the discussion and raises more questions before officially studying the digital euro.
Coinbase customers can now dodge bank withdrawal wait times
New update from Coinbase quickens the transmutation of crypto into fiat.
in Banks, DLT, Markets, Stock Market
Australian Securities Exchange to triple capacity of DLT system
The new blockchain-based system will replace the existing CHESS system
FinCEN director warns banks about cryptocurrency risk exposure
FinCEN has warned U.S. banks that it is closely watching how they respond to crypto risk exposure with their AML programs.
Congress weighs crypto payments and fintech lending in hearing today
Despite skepticism about loosening regulations on loans, the Fintech Task Force couldn’t stop talking about crypto as a way of upgrading payments in the U.S.
Banks must establish infrastructure for digital assets before it’s too late
Crypto adoption in traditional legacy systems is moving fast, but a lack of technological infrastructure limits compliance and safe storage.
in Banks, FinCEN, Money Laundering, Politics
Nexo founder feels vindicated by the FinCen leak, talks of double-standards
Had it been Coinbase or Nexo, he agreed with speculation that law enforcement would have been knocking on the door the next day.
Law Decoded: Transformations in crypto exchanges and traditional institutions, Sept. 18-25
Maybe one day, drawing distinctions between crypto and traditional finance will seem quaint.
in Banks, business, CBDC, Federal Reserve, MIT
Federal Reserve Bank reveals details of digital dollar research
The Federal Reserve Bank has been exploring digital currencies to modernize the U.S. payments sector.
in Adoption, Banks, Blockchain, Mainstream, PwC, Video, YouTube
Recap of Cointelegraph panel: Brokers and banks in crypto
Cointelegraph recently hosted a YouTube panel discussing brokers and banks involved in the crypto industry, based on a report from CV VC and PwC.
in Banks, Central Bank, ecb, Europe, Fiat Money, Finance, Stablecoin
Europe’s central bank is concerned about possible runs on stablecoins
Stablecoin runs could occur if users lose confidence in the issuer or its network.
Major banks implicated in the FinCen leak take a beating in the stock market
Banks cleared over $2 trillion in “suspicious” transactions. How did crypto fare in comparison?
in Banks, Coinbase, Government, Law, US Government, USDT
US banking regulator authorizes federal banks to hold reserves for stablecoins
Federal banks in the U.S. see new capacity to provide services to crypto firms, specifically stablecoin operators.
European central bank execs explain why CBDCs don’t need blockchain
Before trying to apply blockchain to anything, think why.
in Banks, Bitcoin, Bitcoin Price, HSBC, Markets
HSBC stock hits 25-year low: 5 things to watch in Bitcoin this week
Bitcoin grapples with $11,000 as money laundering engulfs the banking sector again and coronavirus spoils stocks sentiment.
The battle between DeFi, CeFi and the old guard
We are at the start of some big changes in the financial world, and by combining DeFi and CeFi the transition to the future would be faster.
Law Decoded: E Pluribus SHA-256
New developments at the state level in the U.S. defined this week’s regulatory news.
