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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.

Ideal Banking

[Sep 21, 2023 4:00 PM] This article is featured in Bitcoin Magazine’s “The Withdrawal Issue”. Click here to subscribe now.A PDF pamphlet of this article is available for download.“The special commodity or medium that we call money has a long and interesting history. And

Web3’s Swiss Army knife of personal finance Changex joins Cointelegraph Accelerator

[Sep 3, 2023 4:00 AM] Changex combines crypto trading and lending with traditional banking features that also include an upcoming Visa debit card.

SEBA Bank secures in-principle nod for crypto services in Hong Kong

[Aug 29, 2023 7:00 PM] SEBA Hong Kong’s approval joins a flurry of regulated crypto activity that’s taken place over the past month.

JPMorgan Analysts: Crypto Bear Market on the Brink of Conclusion

[Aug 25, 2023 4:30 PM] A study of CME Group’s bitcoin futures and open interest indicates the crypto bear market may be approaching its end, according to JPMorgan analysts led by Nikolaos Panigirtzoglou. The bank’s market experts suggest that there’s…

US bank reveals $170M in crypto holdings: Q2 earnings report

[Aug 10, 2023 5:55 AM] Sofi started offering crypto services even before it became a bank and its banking license might change the way it hodl crypto.

Crypto’s Path Forward Could Follow the Financial World's Departure From LIBOR

[Aug 7, 2023 12:55 PM]

Kansas Heartland Tri-State Bank closed by FDIC as banking crisis deepens

[Jul 29, 2023 9:53 AM] Heartland Tri-State Bank of Elkhart was closed on July 29, with the Federal Deposit Insurance Corporation (FDIC) taking control.

A Bully Pulpit for Debanked Nigel Farage, Crypto for Everyone Else

[Jul 27, 2023 1:19 PM] The British Brexiteer could call on the media and his far-right friends in his debanking fight. But most of us aren't so lucky.

Existential threat? Why some banks are anxious about CBDCs

[Jul 26, 2023 7:01 AM] The prospect of a retail CBDC has some major banks anxious over their revenue streams.

Russian CBDC by 2025? What’s happening with the digital ruble

[Jul 19, 2023 7:01 AM] 2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then.

A new age in investing: The transformative power of asset tokenization

[Jul 16, 2023 3:00 AM] From real estate to franchising, and from renewable energy to Hollywood, tokenization has the potential to transform the way we do business.

Custodia's Lawsuit Against The Fed Exposes The Fractional Reserve Banking Model

[Jul 11, 2023 3:26 PM] Custodia, an innovative bitcoin and cryptocurrency bank seeking to establish a charter in Wyoming, took a bold step by filing a groundbreaking lawsuit against the Federal Reserve on June 7, 2022. The legal action stemmed from the Fed's inexplicable…

Binance to Lose Euro Transfers as Paysafe Drops Support

[Jun 29, 2023 9:00 PM] Paysafe will discontinue support for bank transfers of euros to and from Binance, the payments provider announced. The news comes when the world’s largest cryptocurrency exchange finds itself under pressure from regulators and banking partners in…

Binance EUR Banking Partner to Halt Support of the Crypto Exchange in September

[Jun 28, 2023 5:46 PM] The exchange recently announced a retreat from the U.K., Netherlands and Cyprus.

Binance Australia got 12 hours' notice before it was debanked, says exec

[Jun 26, 2023 9:14 PM] Binance Australia head Ben Rose claimed the exchange got less than a day's warning from its payments partner before it was "cut off" from the local banking system in May.

BCB Group's Deputy CEO Departs After Failed German Bank Acquisition

[Jun 23, 2023 5:21 AM] The crypto banking firm said last week that it had ended its planned acquisition of Germany’s Sutor Bank, citing regulatory delays and market conditions.

The Catawba Nation Is Seeking Seasoned Banking Regulators To Help Grow Their Bitcoin-Friendly Jurisdiction

[Jun 22, 2023 10:27 AM] The Catawba Nation, a sovereign federally recognized tribal government, has established the Catawba Digital Economic Zone (CDEZ), a special jurisdiction within the Catawba Reservation in South Carolina, aimed at empowering emerging digital…

Custodia Bank Founder Caitlin Long: ‘The Fed Thinks Only Large Incumbents Should Service Crypto’

[Jun 22, 2023 5:30 AM] Caitlin Long, the founder of Custodia Bank, has railed against the favoritism that the Federal Reserve and the institutions of the U.S. financial system are supposedly showing to incumbents. According to Long, regulators have applied double…

EU’s new crypto law: How MiCA can make Europe a digital asset hub

[Jun 14, 2023 7:16 AM] MiCA was recently signed into law and published in the EU’s official journal, starting the countdown for implementing the first-of-its-kind crypto legislation in 27 member states.

US court rejects Fed's motion to dismiss Custodia Bank case

[Jun 9, 2023 10:14 AM] Digital asset bank Custodia sued the Fed in June 2022, claiming an “unlawful delay” in processing an application for its master account.

Biggest Bank in Australia to Limit Transfers to Crypto Exchanges

[Jun 8, 2023 10:00 PM] Commonwealth Bank of Australia plans to restrict payments to crypto trading platforms, citing the threat of scams. The measure would deal another blow to digital asset exchanges operating in the country where it has been getting harder to deposit…