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Three Ways DeFi Will Revolutionize Financial Services

[yesterday 3:55 PM] DeFi is poised to create a future where financial services are digital, open, always-on, and borderless, says Bill Barhydt, ceo, Abra.

UK finance regulator FCA a ‘deterrent’ to crypto industry, says CryptoUK

[Sep 16 2:00 PM] UK regulators have approved only four out of 35 crypto business registrations in the last 12 months, deterring others from engaging with the process.

Mastercard enables non-custodial crypto spending in new partnership

[Sep 5 10:19 AM] Mastercard partners with Mercuryo to launch a euro-denominated crypto debit card, enabling users to spend crypto from self-custodial wallets at over 100 million merchants.

Anchorage adds PayPal stablecoin yield to custody platform

[Aug 22 6:25 PM] Institutional crypto custodians like Coinbase offer competing rewards programs. 

Hong Kong issues generative AI guidelines for consumer protection

[Aug 20 8:14 AM] The HKMA has introduced new principles for using generative AI, emphasizing governance, transparency and data protection in consumer-facing applications.

Circle proposes new capital-risk framework for stablecoins

[Aug 15 8:30 PM] In July 2024, Circle became the first stablecoin issuer to comply with the European Union’s Markets in Crypto-Assets regulatory framework.

Donald Trump Jr. is launching a crypto platform to ‘take on’ the banks

[Aug 9 4:29 AM] Donald Trump Jr. has finally revealed what his cryptic DeFi post on X was all about, and it’s got nothing to do with memecoins.

Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account

[Aug 5 5:10 PM] Xapo Bank has entered the UK market, becoming the only licensed banking group to offer a combined interest-bearing USD and bitcoin account. “We’re proud to announce we have successfully passported our banking license into the UK. This means…

Crypto is democratizing investment banking options—Lightspark founder

[Jul 25 2:00 PM] Cryptocurrencies will challenge the current banking hegemony layer-by-layer, the speakers noted at the 2024 Bitcoin event in Nashville.

Crypto-Friendly Revolut Finally Earns UK Banking License

[Jul 25 2:58 AM] Revolut has entered a "mobilization stage", designed for new banks to operate with restrictions.

FDIC nominee Goldsmith Romero says banks can custody digital assets

[Jul 11 11:45 AM] The Federal Deposit Insurance Corporation Chair nominee stated her position amid the failure of Congress to overturn the SAB-121 veto.

Crypto for good: Why blockchain can bring financial inclusion worldwide

[Jul 10 3:20 AM] John Wingate of BankSocial and Azeem Khan of Morph tell The Agenda podcast how crypto and blockchain can make the world a better, more equitable place.

UBS Executive Highlights AI’s Impact on Banking

[Jul 6 12:50 PM] UBS is witnessing a transformative shift in client interactions driven by artificial intelligence, according to Sabine Keller-Busse, the head of the Swiss bank’s domestic business. Keller-Busse compared the change to how patients now approach…

US Fed CIO says it’s ‘hard to justify’ hiring human coders over AI

[Jun 27 11:00 AM] The Federal Reserve’s leadership seemingly views generative AI as a “super analyst” capable of turbocharging the agency’s work process.

Federal Watchdogs Flag 4 Major US Banks for Lack of Crisis Management; Demand Living Will Revisions

[Jun 22 10:30 AM] Federal authorities have spotlighted critical deficiencies in the crisis management strategies—known as “living wills”—of four major U.S. banks, signaling a push for stronger safeguards against financial turmoil. The Federal Deposit…

Singapore flags digital payment tokens as high-risk in AML landscape

[Jun 20 5:13 AM] Singapore said digital payment token service providers, also known as virtual asset service providers, stand out as a high-risk category within the financial sector.

Stablecoin act gives Congress alternative to overriding Biden’s SAB 121 veto

[Jun 12 7:30 AM] President Joe Biden’s veto of the SAB 121 repeal was a blow for the crypto community. Can the U.S. Congress override the veto with broad bipartisan support?

Customers Bank Said to Debank Some Digital Asset Hedge Funds

[Jun 7 8:07 AM] The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said.

Bitpanda Drafts Deutsche Bank to Process Fiat Transactions in Germany

[Jun 4 2:05 AM] This is Bitpanda's second major partnership in Germany this year after the broker was enlisted by LBBW to offer crypto custody services in the country.

Fold Adds New Feature And Team Member To Better Bank Bitcoiners

[Jun 3 8:01 AM] Fold recently released its Direct to Bitcoin feature as part of a set of features that the team at Fold calls its Bitcoin Checking Account. Fold Users can now auto-convert anywhere from 1% to 100% of their fiat deposits to bitcoin from a checking…

Nigeria seeks crypto clarity one year into Tinubu’s tenure

[Jun 2 3:33 AM] Nigeria's young resident population now feels more bewilderment due to the administration’s recent actions against Nigeria’s crypto industry.

Fold Will Be Your Bitcoin Bank With CEO Will Reeves

[May 29 7:41 AM] Founders: Will Reeves and Matt LuongoDate Founded: 2014; Most recent iteration of company: 2019Location of Headquarters: RemoteAmount of Bitcoin Held in Treasury: “Stacking since the founding of Fold”Number of Employees: 22Website…

Anti-crypto FDIC chair Martin Gruenberg to step down — ‘best day ever’

[May 20 9:12 PM] Martin Gruenberg has faced criticism from Republicans and Democrats alike after an independent investigation revealed a range of workplace issues at the FDIC.

US Senate passes resolution overturning SEC crypto rule on banks

[May 16 11:50 AM] U.S. President Joe Biden said he intended to veto the joint resolution aimed at overturning an SEC rule requiring banks to keep customers’ digital assets on its balance sheets.

SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin

[May 9 8:22 AM] Ethereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of meaningful discourse with the cryptocurrency industry.

Mastercard joins forces with US banking titans for tokenized settlement trials

[May 8 6:37 AM] The partnership between significant banking giants in the U.S. and Mastercard aims to streamline multiple asset-class settlements on a shared ledger platform.

Custodia Bank takes case to higher court after March setback

[Apr 26 1:13 PM] Custodia Bank is challenging a lower court’s ruling in its battle for a Federal Reserve master account.

Floki Developers Plan Regulated Bank Accounts in Next Value Capture for Tokens

[Mar 22 7:13 AM] SWIFT payments and SEPA IBANs will be supported – allowing users to transact and transfer money globally.

Crypto Wallet SafePal Ventures Into Banking With New USDC Visa Card

[Mar 7 6:39 AM] Users can create individually owned and compliant bank accounts and use USDC stablecoins as the default deposit currency.

Revolut to Introduce Crypto Exchange Targeting 'Advanced Traders'

[Feb 16 9:43 AM] Digital bank Revolut is set to release a cryptocurrency exchange targeting "advanced traders," according to an email sent to customers that was seen by CoinDesk.