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FDIC Greenlights Bank Crypto Activities—No Approval Needed

[Mar 28 6:20 PM] The FDIC announced that banks can engage in legally permitted crypto activities without prior regulatory approval, reversing previous policy, Reuters reported on Friday. This move follows a similar decision by the Office of the Comptroller of the…

FBI Reclaims $8M Lost in Crypto Scam That Crushed Kansas Bank

[Mar 28 3:30 AM] Millions were recovered after a Kansas bank collapse tied to a crypto scam wiped out small-town investors’ savings, leading to the state’s longest white-collar sentence. FBI Seizes Millions in Crypto Fraud Recovery After Kansas Bank Collapse The…

Trump Orders Massive Digital Shift for America’s Bank Account

[Mar 27 3:30 AM] ​President Donald Trump has signed an executive order mandating a federal shift to digital payments by September, aiming to reduce $657 million in waste and minimize fraud risks. Trump Signs Sweeping Order to Digitize All Federal Payments by…

US Regulator Eases Crypto Rules—1,200 Banks Cleared to Engage

[Mar 8 11:35 PM] 1,200 U.S. banks can now embrace crypto, with new regulations allowing broader involvement in digital assets while lifting prior restrictions on the industry. Regulator Just Supercharged Crypto Banking—Banks Can Now Embrace Crypto Fully The Office…

US Banking Regulator Calls for Stronger Oversight of Crypto Risks

[Sep 5, 2024 5:30 AM] Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need…

Switzerland's Fourth Largest Bank ZKB Launches Bitcoin Trading

[Sep 4, 2024 1:02 PM] Zürcher Kantonalbank (ZKB), Switzerland's fourth-largest bank, has begun offering its clients Bitcoin and crypto trading and custody services. With over $290 billion in assets under management, ZKB provides services to retail, corporate, and…

Swiss Bank Offers Clients Crypto Lending Product

[Oct 17, 2023 9:00 PM] Swiss online bank Dukascopy has introduced a new lending product that enables customers to borrow against their cryptocurrency. The solution allows users to receive 50% of the value of their digital assets in fiat currency while retaining their…

JPMorgan Mulls Blockchain-Based Deposit Token, Report

[Sep 9, 2023 4:00 PM] America’s biggest bank by assets, JPMorgan Chase, is exploring a blockchain-based deposit token for cross-border payments and interbank transfers. If approved by regulators, the banking giant may create the digital asset, which would be different…