2 / 8 Relevant items tagged with #Banking

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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.

New York Community Bancorp Shares Tumble After Earnings Miss, 71% Dividend Cut

[Jan 31 9:30 AM] The bank took over defunct Signature Bank's non crypto-related deposits last year.

Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report

[Nov 29, 2023 7:17 AM] An unconfirmed report suggests Taurus will provide crypto custodial services to Spanish financial services giant Banco Santander.

Crypto Firms That Act Like Banks Should Be Regulated Like Them, ECB Official Says

[Nov 29, 2023 5:54 AM] But supervision of bank-like crypto firms could be a pain for regulators, said Andrea Enria, chair of the supervisory board at the European Central Bank.

Artificial Intelligence Technology Brings Benefits, Risks to Banking: Bank of America

[Nov 21, 2023 5:01 AM] AI has the potential to improve productivity and enhance bank returns, the report said.

Centralized Provider Problem Causes Nationwide Digital Payment Meltdown in Spain: Users Turn to Crypto and Cash

[Nov 21, 2023 4:30 AM] A problem with Redsys, a third-party platform used in all of Spain, caused a meltdown for almost all of the digital payment options in the country, leaving citizens without means of payment for hours. The incident left stores without the…

Canadian Regulator Seeks Feedback on Disclosure Rules for Bank Crypto Exposures

[Nov 21, 2023 3:19 AM] The country hopes to align local requirements with those proposed by international banking regulators.

Canadian regulator seeks feedback on crypto asset exposure disclosure requirements

[Nov 20, 2023 2:30 PM] The Canadian Office of the Superintendent of Financial Institutions is following a Basel model for its disclosure requirements.

Santander offers Bitcoin, ETH trading for Swiss account holders: Report

[Nov 20, 2023 5:36 AM] High-net-worth individuals of Santander Private Banking International will have access to trade BTC and ETH, according to a report claiming access to a leaked internal communication.

Hashing It Out: How Web3 is causing an evolution of traditional finance

[Nov 16, 2023 7:20 AM] Sarah Clark, the CEO of E-Gates, believes that traditional finance needs to adopt features of decentralized finance as part of an evolution instead of seeing it as a revolution.

Fiat on-ramps, banking partners crucial for institutional Web3 adoption - European Blockchain Convention

[Nov 7, 2023 2:41 AM] Prominent fiat payment rail services and neobanking platforms are becoming a catalyst to address institutional mistrust in the cryptocurrency sector.

TradFi gets crypto boost: Renegade joins Cointelegraph Accelerator

[Nov 2, 2023 4:00 AM] Cointelegraph Accelerator welcomes Web3-friendly fintech platform Renegade to its program.

‘AI’ takes Collins dictionary word of the year, ‘debanking’ makes shortlist

[Nov 1, 2023 3:07 AM] The Collins dictionary named ‘AI’ word of the year, describing AI-powered language models as “bursting into the public consciousness” and “much talked about” in 2023.

Inspector General wants FDIC to refine crypto risk assessment process, guidance

[Oct 18, 2023 3:10 PM] The bank deposit insurer should assess the sufficiency of its risk mitigation measures and then provide them in a more organized manner, the inspector general found.

Banks’ crypto exposure must be disclosed — BIS’ Basel Committee

[Oct 17, 2023 7:08 AM] The proposed regulations are currently open to the public for comments, and if approved, they will come into effect by Jan. 1, 2025.

Scammers prefer banking customers over crypto investors in Ireland: Report

[Oct 16, 2023 4:09 AM] To date, Irish authorities managed to recover approximately 4 million euros of the 20 million euros lost in banking scams since January 2023.

Banking Scams Overtake Crypto Frauds in Ireland

[Oct 16, 2023 2:30 AM] Fraudsters targeting victims in Ireland are increasingly posing as bank officials rather than crypto promoters, the local press reported quoting police. Amid the growing trend, Irish investors have lost millions of euros to this type of schemes…

Hata receives in-principle approval to be fifth Malaysian digital exchange

[Oct 11, 2023 1:30 PM] The new exchange was founded by an executive from Malaysian market leader Luno. It will target investors, businesses, and high-net-worth individuals.

Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages

[Oct 9, 2023 10:30 PM] Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for…

Basel Committee to consider disclosure requirements for banks’ crypto assets

[Oct 6, 2023 8:41 AM] The committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a small number of banks contributed to the March crisis, it said.

Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged

[Oct 2, 2023 12:40 PM] Silvergate Bank transformed from a community lender to a high-flying crypto bank without its Federal Reserve examiners raising an alarm, according to a report from the Federal Reserve’s Office of Inspector General (OIG), allowing the bank to take…

Binance Advises Paysafe Users to Convert Euro Balances to Tether

[Sep 28, 2023 4:30 PM] Crypto exchange Binance has issued a recommendation for customers using the services of Paysafe for euro (EUR) transfers. The crypto trading platform is advising users to convert their euro balances to tether (USDT) or withdraw them to bank…

Chase U.K. to Block Crypto Payments Citing Fraud, Scams

[Sep 26, 2023 6:23 AM] Starting Oct. 16, the bank will decline customer attempts to make payments related to crypto assets.