Regulatory clarity key for banks entering crypto, industry exec says
[Oct 16 6:07 PM] Lead Bank executive Erica Khalili talks about why now’s not an easy time in the digital banking sector.
1 / 1 Relevant items tagged with #CryptoBanking
Posts: 16
Posts
US ‘far behind’ on crypto, election no quick fix: Ripple APAC boss
[Sep 20 5:58 AM] The United States is lagging behind crypto-friendly regions like Singapore and the UAE, but there’s still a chance it can catch up, says Ripple APAC MD Fiona Murray.
Fed hits Texas bank with cease and desist over servicing crypto firms
[Sep 5 4:16 AM] The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures.
Federal Reserve Cracks Down on Customers Bank’s Crypto Strategy
[Aug 9 9:25 AM] The U.S. Federal Reserve has taken decisive action against Customers Bank, highlighting significant compliance deficiencies in its digital asset strategy and instant payments network. The enforcement action mandates the bank to bolster its…
Customers Bank to strengthen AML compliance after Fed scrutiny
[Aug 8 8:28 PM] The crypto-friendly bank’s activities during the 2023 banking crisis will also be examined.
UAE’s Zand Bank to Offer Crypto Services
Bitcoin Wallet Conio, Coinbase Team Up to Bring Crypto to Italian Banks
[Dec 11, 2023 2:00 AM] Conio is also deeply involved in the institutional uptake of digital assets, specifically the Euro Token project overseen by the innovation center of the Bank of Italy.
HSBC Announces Plans to Offer Digital Assets Custody Services for Institutions
[Nov 9, 2023 5:00 PM] HSBC, the London-based financial institution, announced its plans to launch an institution-focused digital assets custody service in 2024. Zhu Kuang Lee, chief digital, data and innovation officer at HSBC, explained that the bank had experienced an…
German Banking Giant DZ Bank Launches Crypto Custody Platform
[Nov 7, 2023 11:30 PM] One of the largest banks in Germany by total assets, DZ Bank, has launched a crypto custody platform. Additionally, the bank disclosed that alongside its solution for institutional customers, it is working on “an offer that allows private…
Crypto highlighted as ‘novel and complex’ risk to US banks: FDIC report
[Aug 14, 2023 9:04 PM] The Federal Deposit Insurance Corporation has warned that uncertainty around crypto's legal status, the likelihood of fraud and contagion present key risks to United States banks.
Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments
[Aug 11, 2023 4:30 PM] Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and…
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.
Crypto Friendly Xapo Bank Expands to India, Rest of South Asia
[Jun 22, 2023 6:33 AM] Xapo's CEO said the move "is in line with the positive shifts we are witnessing in Asia’s evolving crypto landscape."
Swiss Government-Owned Bank PostFinance to Offer Customers Crypto
[Apr 5, 2023 12:00 AM] PostFinance will begin offering its 2.5 million customers access to buy, store and sell Bitcoin (BTC) and Ethereum tokens (ETH), thanks to a partnership with Switzerland’s Sygnum Bank.
'Home' regulator could solve crypto's 'fragmented supervision' issue: Comptroller
[Mar 6, 2023 9:44 PM] During a speech at a banking conference in DC, acting comptroller Michael Hsu said FTX was an example of why a "consolidated home country supervisor" is needed.
Tether strikes at WSJ over ‘stale allegations’ of faked documents for bank accounts
[Mar 5, 2023 9:45 PM] Tether has hit back at a Wall Street Journal report detailing alleged shady dealings by it and Bitfinex to open bank accounts.