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Nalezeno "AI in banking": 2528

The Rise and Fall of Silvergate’s Crypto Business

3.3.2023
Silvergate Bank lost more than $8 billion in deposits from its crypto customers in the final months of 2022 as its core block of business crumbled under the industry’s implosion – just as the bank’s regulators had predicted might happen for such institutions

Regulator Warnings Prompt HSBC and Nationwide Banks to Limit Crypto Transactions

3.3.2023
HSBC Holdings Plc and Nationwide Building Society imposed limits on retail customers' access to cryptoassets in another episode of UK banks reacting to the recent crypto industry legal and regulatory issues. HSBC said that, in February, it restricted customers from buying crypto with its credit...

What Now for Crypto Banking?

3.3.2023
Regulators are leery of traditional banks offering services to crypto companies, and wary of specialist crypto banks, like Custodia, with new business models. Frances Coppola asks: Where do we go from here?

Crypto distribution is uneven among banks as prudential exposure rises: BIS report

1.3.2023
One bank accounts for almost 62% of all crypto asset prudential exposure; almost two-thirds of banks holding crypto are in the Americas

Kraken Pulling Back From Using Signature Bank: Bloomberg

1.3.2023
Non-corporate clients will no longer be able to make dollar deposits or withdrawals using the crypto-focused bank, according to a report

Ex-Biden Adviser Said Administration Was Pushing for Digital Dollar

1.3.2023
A recent top economic advisor for President Joe Biden, Daleep Singh, told U.S. senators on Tuesday that the administration was in active pursuit of a digital dollar as a means to crowd out private cryptocurrencies that enable ransomware and sanctions violations

Crypto Neobank Wallbit Leaves Venezuela Due to Sanctions

28.2.2023
Wallbit, a crypto-enabled neobank, announced it would stop serving users in Venezuela after its banking partner in the U.S. called on it to do so. The platform announced this move was the direct result of the economic sanctions that the country is currently facing, and that Venezuelans outside...

UK banking regulator to propose crypto issuing, holding rules after Basel 3 finalized

27.2.2023
The Bank of England Prudential Regulatory Authority will facilitate international economic growth under the Financial Services and Markets bill now in Parliament

UK Banking Regulator to Propose Rules on Issuing, Holding Crypto

27.2.2023
The U.K. also recently started a consultation on regulating the sector and a potential central bank digital currency

US agencies recommend old risk management principles for crypto liquidity

25.2.2023
The joint statement highlighted the key liquidity risks associated with crypto-assets and related participants for banking organizations

US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks

25.2.2023
U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from providing banking services to customers of any specific class or type,...

Today in Crypto: US Fed Denies Custodia Bank’s Membership Request, Dapper Labs Lays Off 20% of Staff, Block Reports $1.66BN Profit for Q4, Binance Finds 500 ‘Incorrectly Classed’ Aussie Users

24.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________... Read More: Today in Crypto: US Fed Denies Custodia Bank’s Membership Request, Dapper Labs Lays Off 20% of Staff, Block Reports $1.66BN...

US Federal Reserve denies Custodia Bank's request for Fed supervision

24.2.2023
The Federal Reserve Board has denied the request from crypto-focused Custodia Bank to reconsider its membership to the Federal Reserve System

Crypto Bank Custodia's Bid for Fed Supervision Rejected Again

23.2.2023
The Federal Reserve Board announced Thursday it had again rejected crypto bank Custodia's bid for Fed supervision

US Banking Regulators Warn Banks About Crypto Liquidity Risks

23.2.2023
The Federal Reserve and other U.S. banking agencies are warning banks that crypto poses significant liquidity dangers, according to a joint statement issued Thursday, further reinforcing their campaign to generally steer lenders away from digital assets

Today in Crypto: Coinbase's New Blockchain Testnet, Spotify's Token-Enabled Playlists, 3AC's NFT Sale, Metaco's Partnership with DZ BANK AG

23.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Coinbase's New Blockchain Testnet, Spotify's Token-Enabled Playlists, 3AC's NFT Sale, Metaco's Partnership...

US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC – What's Going On?

23.2.2023
US Republican House Majority Whip Tom Emmer has introduced a bill on Wednesday to prevent the Federal Reserve from issuing a central bank digital currency (CBDC) or using it to control monetary policy. "Today, I introduced the CBDC Anti-Surveillance State Act to halt efforts of unelected...