14 / 14 Relevant items tagged with #Banks

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Basel Committee Finalizes Policy Suggesting 2% Bitcoin Exposure Cap For Banks

[Dec 16, 2022 2:36 PM] The BIS’ Basel Committee introduced a finalized proposal for limits to the amount of Tier 1 capital banks can hold in bitcoin.The Bank for International Settlements' (BIS) Basel Committee on Banking Supervision has finalized a proposed policy that…

New York State issues guidance for banks seeking to engage in activities with crypto

[Dec 15, 2022 2:15 PM] The state, a notoriously demanding regulator of the industry, has released detailed guidelines for banks’ applications; some licensed banks may have to play catchup.

What Goldman Sachs' CEO misunderstands about private blockchains

[Dec 13, 2022 4:38 PM] Blockchains aren’t meant to provide big banks with another venue for imposing new fees on users.

US regulator seeks feedback on DeFi’s impact on financial crime: Finance Redefined

[Dec 9, 2022 2:20 PM] US regulators want to know from the industry on what they think about the financial crimes associated with DeFi.

Approach with caution: US banking regulator’s crypto warning

[Dec 8, 2022 11:23 PM] The Office of the Comptroller of the Currency (OCC) said the digital asset industry was maturing but was “not yet robust” in its risk management.

US lawmakers question federal regulators on banks' ties to crypto firms

[Dec 8, 2022 12:30 PM] “FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware,” said Senators Elizabeth Warren and Tina Smith.

Fintech Company ZELF launches anonymous Visa debit card with crypto recharge

[Dec 8, 2022 10:17 AM] The company’s latest initiative will allow users to open up a U.S. dollar checking account with only their name, email, and phone number.

Japan’s Sumitomo Mitsui to issue soulbound tokens to explore Web3

[Dec 8, 2022 6:07 AM] Japan’s financial giant Sumitomo Mitsui Financial Group is experimenting with soulbond tokens to satisfy new social needs.

US lawmakers request answers from Silvergate over ties to FTX: Report

[Dec 6, 2022 9:46 AM] Three senators said they were concerned about Silvergate following reports suggesting that the bank "facilitated the transfer of FTX customer funds to Alameda."

Russia's Sber bank integrates Metamask into its blockchain platform

[Dec 1, 2022 8:16 AM] Russia’s largest lender is moving into DeFi and Web3 by integrating its blockchain platform with the Ethereum blockchain.

FTX reportedly used Alameda’s bank accounts to process customer funds

[Nov 29, 2022 4:27 AM] Former FTX CEO Sam Bankman-Fried, in a conversation with Vox, admitted to using Alameda’s banking facilities for FTX user deposits.

Tokenized government bonds free up liquidity in traditional financial systems

[Nov 28, 2022 9:33 AM] There are a number of benefits associated with tokenized government bonds, yet adoption may take time.

Putin Calls for International Settlements Based on Blockchain and Digital Currencies

[Nov 27, 2022 5:00 AM] Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying on digital currency and distributed ledger…

UK bank Starling bans crypto-related purchases and deposits citing high risk

[Nov 24, 2022 6:37 AM] Starling has banned its customers from purchasing cryptocurrencies with their bank cards or receiving transfers from crypto merchants.

Banks still show interest in digital assets and DeFi amid market chaos

[Nov 18, 2022 9:49 AM] Traditional financial institutions continue to demonstrate use cases for digital asset support, along with DeFi capabilities, despite current market conditions.

FDIC to prioritize crypto risk assessment as banks perform poorly in Q2

[Nov 16, 2022 3:11 AM] With banks reporting $470 billion in unrealized losses and FDIC foreseeing the continuation of this trend, acting chairman Gruenberg believed banks must cautiously engage in crypto-asset activities.

Bitcoin buyers drawn by rising prices, not dislike for banks: BIS report

[Nov 14, 2022 8:02 PM] The Bank for International Settlements (BIS) studied the main motives behind Bitcoin adoption by retail investors.

US President Biden announces pick for FDIC chair

[Nov 14, 2022 4:11 PM] Martin Gruenberg was the FDIC’s acting chair while the agency issued cease-and-desist orders to crypto firms and suggested that payment stablecoins merited further consideration.