4 / 14 Relevant items tagged with #Banks

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European regulator: CASPs should work on protocol interoperability, self-hosted wallets

[Nov 24, 2023 4:56 AM] The proposed new industry guidelines are intended to address issues around AML and CFT rules.

Raiffeisenlandesbank to launch Bitcoin trading in early 2024

[Nov 24, 2023 2:08 AM] Raiffeisen Bank’s RLB NÖ-Wien is preparing to introduce cryptocurrency trading services to its retail clients in early 2024.

Crypto Banking Firm BCB Group CEO Quits 5 Months After His Deputy

[Nov 22, 2023 6:59 AM] Oliver Tonkin has replaced Oliver von Landsberg-Sadie at the crypto banking firm.

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.

Goldman Sachs leads $95M funding round for blockchain payment firm Fnality — Report

[Nov 14, 2023 3:09 AM] With $158 million of total capital raised since 2019, Fnality plans to launch the Sterling Fnality Payment System in 2023, subject to approval by the Bank of England.

Standard Chartered’s venture arm to set up crypto fund in UAE

[Nov 9, 2023 3:38 AM] SC Ventures will establish a “Digital Asset Joint Venture” investment company in partnership with a Japanese financial conglomerate, SBI Holdings.

Can Bank-Backed Exchanges Solve Crypto Trading’s Trust Problem?

[Nov 8, 2023 8:10 AM]

HSBC taps Ripple’s Metaco to launch security token custody

[Nov 8, 2023 4:38 AM] HSBC has partnered with Ripple-owned tech firm Metaco to allow institutional investors to hold tokenized securities on its new custody platform.

Caitlin Long’s Custodia Bank launches Bitcoin custody platform

[Nov 7, 2023 7:55 AM] Custodia Bank’s launch of Bitcoin custody follows a series of regulatory challenges the firm faced earlier this year.

DZ Bank, third-largest German bank, to start crypto custody for institutional investors

[Nov 6, 2023 2:26 AM] DZ Bank AG launches its own digital assets custody platform, built on blockchain.

Swiss wholesale CBDC pilot kicks off in alliance with central, commercial banks

[Nov 2, 2023 4:13 AM] The Swiss wCBDC pilot project will be hosted on SDX and use the infrastructure of Swiss Interbank Clearing.

Top Swiss bank launches Bitcoin and Ether trading with SEBA

[Nov 2, 2023 2:37 AM] Switzerland’s St.Galler Kantonalbank has launched Bitcoin and Ether trading for select customers, planning to add more coins in the future.

HSBC and Ant Group test tokenized deposits under HKMA sandbox

[Nov 1, 2023 7:18 AM] During the test, HSBC was connected to the blockchain platform developed by Ant Group and supported by Ant Group’s banking partners.

‘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.

Banking Giant Standard Chartered’s Crypto Custody Firm Zodia Launches in Hong Kong

[Oct 30, 2023 10:30 PM] British banking giant Standard Chartered-owned crypto custody firm Zodia is launching services in Hong Kong. “The Hong Kong government and the regulators see digital assets as the future and also want Hong Kong to be a hub,” the crypto firm’s…

Standard Chartered-owned crypto platform Zodia launches in Hong Kong

[Oct 30, 2023 12:55 AM] Demand for crypto in Hong Kong is mainly driven by institutional investors rather than retail customers, Zodia CEO said.

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.

Top U.S. Bank Regulator Faulted for Lack of Crypto Guidance to Banks

[Oct 18, 2023 12:01 PM] The U.S. Federal Deposit Insurance Corp. (FDIC) has left the banks it oversees unequipped to navigate the regulator's crypto expectations, according to the agency's inspector general, so the FDIC agreed to field a new strategy by January.

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.

FTC Warns Consumers Crypto Deposits Are Not FDIC Insured

[Oct 16, 2023 9:30 PM] The U.S. Federal Trade Commission (FTC) has warned consumers that crypto deposits are not insured by the Federal Deposit Insurance Corporation (FDIC). “That money isn’t FDIC insured or protected if the crypto company goes under,” the…

Evergrande’s Economic Tremors Trigger Bank Run in Northern China

[Oct 16, 2023 5:30 PM] Several reports say that the major Chinese real estate developer Evergrande’s downfall triggered a bank run in northern China last week. The bank run began after rumors spread that the financial institution, Bank of Cangzhou, allegedly loaned…

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…

Inflation and war impact markets, but Paul Tudor Jones says, ‘I love Bitcoin and gold’

[Oct 11, 2023 2:30 PM] Billionaire investor Paul Tudor Jones says he is bearish on U.S. stocks, and bullish on Bitcoin and gold.

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.

Brazil BTG Pactual bank buys Bitcoin-friendly brokerage Orama for $99M

[Oct 3, 2023 5:40 AM] BTG Pactual is known for launching cryptocurrency trading services for its customers and is also planning to launch its own stablecoin.

Class-action suit filed against Binance for alleged harm to FTX before its collapse

[Oct 2, 2023 3:55 PM] A California resident is suing Binance and its CEO for tweets last November that, according to allegations, led to the collapse of the rival exchange.

Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

[Sep 29, 2023 2:11 PM] The losses on US Treasuries recently surpassed $1.5 trillion and the likely outcome is turbulent markets, but how will Bitcoin price fare?