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Congress Pushes 5 Urgent Banking Reforms to Stop Debanking

[today 12:30 AM] Lawmakers are demanding urgent FDIC action to end “debanking,” warning that unchecked regulatory power threatens financial access and could be weaponized against lawful businesses. 5 Recommendations to End ‘Debanking’: Congress…

Galoy Launches Bitcoin-Backed Loan Software, Sets Groundwork For Open-Source Banking

[Feb 12 4:39 PM] Founder: Nicolas BurteyDate Founded: September 2019Location of Headquarters: United StatesNumber of Employees: 11Website: https://www.galoy.io/Public or Private? PrivateLast week, Galoy launched Lana, software that enables banks to accept bitcoin…

FDIC Releases 175 Crypto Banking Docs, Signaling Regulatory Overhaul

[Feb 7 12:30 AM] The FDIC’s release of 175 documents marks a major shift toward transparency, signaling new opportunities for banks to engage in crypto as regulators reassess outdated policies. Regulators vs. Crypto: FDIC Signals New Approach With Massive Document…

US Lawmakers Fight to End Crypto Banking Blacklist—Chokepoint 2.0 Under Fire

[Feb 5 4:40 PM] U.S. lawmakers are ramping up efforts to dismantle “Operation Chokepoint 2.0,” vowing to end regulatory overreach and restore fair banking access for the thriving crypto industry. Lawmakers Push Back Hard Against Crypto Banking…

CFPB proposes crypto firms refund users for funds lost to hacks

[Jan 10 4:45 PM] A proposed CFPB rule could allow crypto users to have protections similar to those of US bank account holders by considering the definition of “funds.”

Relationship building is a hedge against debanking — OKX exec

[Dec 21, 2024 4:18 PM] Documents released on Dec. 6 show the Federal Deposit Insurance Corporation (FDIC) asked banks to pause crypto-related activities.

Metallicus acquires fintech operator connected to 70 credit unions

[Dec 20, 2024 6:53 PM] The acquisition brings Metal Blockchain solutions to Bonifii’s portfolio of credit unions.

Trump team seek ways to slim or abolish banking regulators: WSJ

[Dec 13, 2024 5:04 AM] Trump’s team is asking whether he can eliminate financial industry regulators or combine them, according to a Wall Street Journal report.

Judge slams FDIC’s ‘lack of good-faith’ in censoring crypto letters to banks

[Dec 13, 2024 4:21 AM] A US federal judge has ordered the FDIC to redo and resubmit redactions it made to crypto “pause letters” it sent to financial institutions.

Charles Schwab incoming CEO: ‘I have not bought crypto, and now I feel silly’

[Nov 22, 2024 6:10 AM] Rick Wurster, who will take the chief executive role next year, said he still has no plans to buy crypto but wants to support Schwab clients that do. 

Sen. Warren to be top Democrat on committee crucial for crypto policy

[Nov 13, 2024 7:38 PM] After Ohio Senator Sherrod Brown lost reelection, Elizabeth Warren said she would become the ranking member of the Senate Banking Committee.

Revolut Expands Crypto Exchange Across EU After Successful Launch in UK

[Nov 13, 2024 10:02 AM] Tens of thousands of traders have been using the bank’s crypto exchange in the UK, a spokesperson said.

Crypto use more common among US underbanked, FDIC report says

[Nov 13, 2024 5:14 AM] Underbanked households more commonly used crypto than those with full banking access, an FDIC survey said.

Central Bank Group BIS Names Hernández de Cos as Next General Manager

[Nov 12, 2024 3:13 PM] ES Pablo Hernández de Cos has called for digital euro implementation and helped put in place global crypto banking rules.

Ripple CEO Loses Bank Account After 25 Years, Given 5 Days to Withdraw Funds

[Oct 28, 2024 2:30 AM] Ripple’s CEO has revealed that his 25-year-old bank account was closed due to his role leading a crypto company, underscoring rising regulatory pressures and uncertain U.S. policies. Ripple CEO Brad Garlinghouse’s Bank Account Closed…

Singapore's DBS Bank Starts New Suite of Tokenized Banking Services for Institutional Clients

[Oct 18, 2024 12:36 PM] The Singaporean banking giant wants to help clients optimize liquidity management and streamline operational workflows.

Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi

[Oct 5, 2024 3:30 AM] Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be…

Bank of America customers seeing $0 balances amid nationwide outage

[Oct 3, 2024 2:09 AM] Some Bank of America customers seeing $0 balances noted that their debt is “conveniently” still showing up.

Select Group of Russian Firms Authorized to Use Crypto for Chinese Imports Amid Sanctions

[Sep 29, 2024 2:30 AM] A select group of Russian companies, including electronics producers and financial institutions, has received approval to use cryptocurrencies for Chinese imports under a pilot legal framework. Overseen by Russia’s central bank and the Ministry of…

6 things the US needs to stay competitive in crypto, according to execs

[Sep 28, 2024 9:00 PM] The US is in danger of being left behind by more progressive jurisdictions in Asia, Europe and elsewhere.

Sygnum Secures Liechtenstein License to Expand Crypto Services in EU

[Sep 24, 2024 2:30 AM] Sygnum, a Swiss digital asset banking group, has registered its local subsidiary with the Liechtenstein financial regulator. This move allows the company to offer regulated services in the EU and European Economic Area under the incoming MiCA…

Sygnum Unit Receives Liechtenstein License as a Crypto Asset Service Provider

[Sep 23, 2024 1:05 PM] The registration paves the way for the Switzerland and Singapore-based banking group to expand into the European Union and European Economic Area.

Three Ways DeFi Will Revolutionize Financial Services

[Sep 18, 2024 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, 2024 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, 2024 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, 2024 6:25 PM] Institutional crypto custodians like Coinbase offer competing rewards programs. 

Hong Kong issues generative AI guidelines for consumer protection

[Aug 20, 2024 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, 2024 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, 2024 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, 2024 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…