1 / 1 Relevant items tagged with #CryptoBanks

Posts

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…

Survey: 4 in 5 Institutional Investors Agree Crypto Has Important Role in Global Financial Industry

[Dec 18, 2023 10:00 PM] An institutional investor survey conducted by digital asset bank Sygnum indicates a shift from skepticism to advocacy, “with over 80% now agreeing that crypto has an important role to play in the global financial industry,” said the bank’s…

JPMorgan Says JPM Coin Could Handle $10 Billion in Daily Transactions Next Year

[Nov 16, 2023 11:00 PM] Global investment bank JPMorgan expects its digital currency, JPM coin, to “start taking off.” The bank says JPM coin could handle $10 billion in daily transactions in the next year or two, according to its global head of financial…

Lloyds Bank Issues ‘Urgent Warning’ on Rising Threat of Crypto Scams

[Nov 16, 2023 4:30 AM] Lloyds Bank, a major retail and commercial bank in the U.K., has issued an “urgent warning” about the growing threat of cryptocurrency scams. “Crypto is a highly risky asset class and remains largely unregulated, which makes it an…

Standard Chartered’s SC Ventures Partners With SBI to Establish Digital Asset Joint Venture in UAE

[Nov 11, 2023 1:30 AM] Standard Chartered’s ventures arm, SC Ventures, and Japanese conglomerate SBI Holdings are collaborating to establish a digital asset joint venture in the United Arab Emirates (UAE). “The joint venture will focus on investing in…

Swiss Financial Giant UBS Now Offers Crypto ETFs to Wealthy Clients in Hong Kong, Report

[Nov 10, 2023 11:30 PM] UBS has reportedly begun offering wealthy clients access to some crypto exchange-traded funds (ETFs) in Hong Kong. Initially, the Swiss financial services giant is offering three crypto ETFs that have received regulatory approval from the…

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…

Coinbase CEO Calls on Chase Customers in UK to Close Accounts After the Bank Says It Will Decline Crypto Payments

[Sep 28, 2023 7:30 PM] Coinbase CEO Brian Armstrong has slammed JPMorgan’s British retail bank, Chase UK, for changing its policy to block all crypto-related payments. Calling the move by Chase “totally inappropriate,” the Coinbase boss said: “UK…

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.

Australia's Bendigo Bank blocks high-risk payments to crypto exchanges

[Jul 30, 2023 11:03 PM] Chainalysis policy lead Chengyi Ong warned crypto users may eventually have no choice but to deal with offshore unregulated exchanges.

Hong Kong govt pressures banking giants to accept crypto clients: Report

[Jun 14, 2023 11:55 PM] Hong Kong’s central bank reportedly asked major banks including HSBC, Standard Chartered and Bank of China why they aren’t accepting crypto exchanges as clients.

Blockchain Association files further FOIA requests over banking closures

[Apr 16, 2023 10:41 PM] The crypto advocacy group wants clarity on recent regulatory action against digital asset-friendly banks.

‘Nobody left to bank crypto companies’ — Crypto Twitter reacts

[Mar 12, 2023 11:06 PM] Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks.