Search Results for "banks"
Australian Banks Ordered to Report Crypto Transactions
The Australian Prudential Regulation Authority (APRA) has ordered local banks to report on cryptocurrency transactions amid concerns over the contagion of recent banking collapses, including that of Silicon Valley Bank (SVB). The regulator is seeking more information and insight into banking exposures to crypto assets and associated risks.
FDIC Says Deposits and Cryptos at Non-Bank Entities Are Uninsured
The FDIC said that the public should be aware that deposit insurance does not cover non-bank entities and non-deposit products, including speculative acts such as stocks and cryptocurrencies.
Argentina Halts Crypto Operations Undertaken by Financial Institutions
Days after Argentina’s largest private bank Banco Galicia opened crypto trading services, the nation’s central bank cracked the whip by banning financial institutions from carrying out crypto transactions.
National Australia Bank to Launch Ethereum-Based Stablecoin
NAB will introduce an Ether-based Australian dollar-pegged stablecoin. Reports say the AUDN stablecoin streamlines cross-border transfers and carbon credit trading.
DekaBank to Launch Blockchain-Based Tokenization Platform
German asset management DekaBank is cooperating with Metaco to build a tokenization platform but won't trade Bitcoin.
The Federal Home Loan Banks System is lending to cryptocurrency
The FHLB is lending billions to two of the top bitcoin banks. According to WSJ, FHLB loans might minimise cryptomarket outflows.
Banks Embrace Tech to Navigate Economic and Cyber Challenges, ISG Highlights
Global banking and financial services (BFS) firms are increasingly leveraging technology to improve customer experience and navigate the tumultuous landscape, according to a report by Information Services Group. The ISG TechXchange event in Paris will explore how BFS institutions can use data, automation, and AI to differentiate themselves in a saturated market. The event will feature prominent BFS leaders discussing the future of banking, emerging tech platforms, and the potential of the metaverse.
Custodia Bank CEO Caitlin Long Slams Regulators
The Custodia Bank CEO joins other crypto leaders in criticizing Washington's "regulation by enforcement" strategy.
Custodia Bank's Application to Join Federal Reserve Rejected
Custodia, a digital asset bank, was denied membership in the Federal Reserve System.
Customers Trust in Banks More than in Crypto, France Central Bank Governor Says
Bank of France Governor Francois Villeroy de Galhau has expressed his view that the current extreme volatility facing the crypto market has made consumers lose trust in cryptocurrencies.
US Financial Regulators Aiming at How Banks Could Hold Bitcoin & Crypto Assets, Says FDIC Chairperson
Jelena McWilliams, the chairperson of the Federal Deposit Insurance Corporation (FDIC), has revealed that US financial Regulators are creating clearer regulations on how banks can engage in activities involving cryptocurrencies.
Banks are Still Far Away from Trading Crypto: Genesis CEO
Bitcoin will not receive the same amount of significance from banks any time soon as it has from individual investors, the head of the crypto prime brokerage Genesis Global Trading said.
