BANK
Silvergate Faces Another Securities Law Class-Action Suit
Silvergate Capital, owner of Silvergate Exchange Network and Silvergate Bank, was sued in a class action. The complaint says Silvergate's platform missed $425 million in money laundering. The action argues the class might comprise hundreds or thousands of New York Stock Exchange-traded Silvergate shares.
DLT is Becoming Mainstream Among Financial Market Participants - Citi
According to a recent white paper by American multinational investment bank, Citi, the mainstream adoption of distributed ledger technology (DLT) is now growing rapidly among the financial market infrastructures and global market participants.
Santander Imposes Limit on Crypto Transactions for UK Customers
Santander to impose a £1,000 transaction limit on its crypto customers in the UK
Binance to Consider Buying Banks with $1 Billion , CEO CZ Discloses
Binance is considering buying banks with $ 1 billion to bridge the gap between the worlds of traditional finance and cryptocurrency, founder and CEO Changpeng Zhao said in an interview with Bloomberg.
19 of the World's Largest Banks Hold Nearly $9B in Digital Assets: Basel Committee Survey
According to a survey by the Basel Committee, global banks hold nearly $9 billion in digital assets, and banks holding crypto assets may account for only 0.01% of total Bank for International Settlements (BIS) exposure.
Crypto Bank Protego Trust Appoints Ron Totaro as CEO
Ron Totaro comes with key leadership professional experience as digital asset bank Protego Trust seeks growth to continue serving the crypto marketplace.
Brazil’s Bank BTG Pactual Launches Crypto Trading Platform
BTG Pactual has confirmed the official launch of its crypto platform, Mynt. The platform supports the trading of Bitcoin, Ether, Solana, Polkadot, and Cardano.
Portuguese Crypto Exchanges Hit with Bank Account Closures
An increasing number of commercial banks in Portugal have begun closing accounts associated with crypto exchanges. The move is contrary to what is expected as crypto exchanges in the country hold central bank licenses.
French Giant Bank BNP Paribas to Launch Crypto Custody Business
BNP Paribas has partnered with Metaco to enter the cryptocurrency custody business. The bank will focus on providing institutional-grade custody for digital assets.
ECB to Warn Countries in the Eurozone about Crypto Regulation
The European Central Bank is reportedly on track to issue warnings to national authorities within the Eurozone about individual handling of the crypto ecosystem.
German Sparkasse-Savings Banks to Launch Bitcoin and Ethereum Services
A group of about 370 savings banks in Germany, collectively known as Sparkasse, are working on plans to launch services bothering around Bitcoin (BTC) and Ethereum (ETH) as early as the coming year 2022.
Thai Central Bank Urges Less Engagement With Crypto, Other Sectors See Otherwise Instead
Due to the volatile nature and potential risks to the financial and payment stability of cryptocurrencies, the Bank of Thailand (BOT) has urged commercial banks to stay away from trading with digital assets.
Singapore’s OCBC Bank Weighs Launching Crypto Services Amid Surge in Customer Interests
The second-largest bank in southeast Asia – OCBC – is considering setting up a cryptocurrency service to fulfil customer demands.
European Digital Currencies Soon to Become Legal Tenders, ECB Says
Central Bank Digital Currencies may soon become legal tenders in their jurisdictions as planned by major central banks in Europe as officials are currently studying such initiatives.
Nigeria's Central Bank Freezes Bank Accounts Linked to Suspected Illegal Crypto Traders
The central bank of Nigeria has ordered a directive to freeze the bank accounts associated with two individuals and a firm suspected of illegally engaging in crypto trading.