Search

Nalezeno "banks": 3625

IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance

21.1.2023
An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy division chief of the financial...

FTX-linked Moonstone bank to exit the crypto space

19.1.2023
Following the collapse of FTX, the company has decided to rebrand and exit the crypto space

Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight

19.1.2023
Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion wasn’t brought on by crypto technology but by “loose governance, lax internal...

Japanese regulators want crypto treated like traditional banks

17.1.2023
Mamoru Yanase said crypto needs the same safeguards as financial institutions and banks

Bradesco, One of Brazil’s Largest Banks, Launches Tokenized Credit Notes in Blockchain Pilot

16.1.2023
Bradesco, one of the largest banks in Brazil and the third biggest in all of Latam, has entered the cryptocurrency world by issuing its first tokenized credit notes. The operation, carried out in partnership with Bolsa OTC, tokenized almost $2 million in bank credit notes, which were also...

Bank of Thailand to allow first virtual banks by 2025

15.1.2023
By allowing virtual banks, Thailand seeks to boost competition and economic growth

Cryptocurrency Exchanges Still Fighting Private Banks for Right to Open Bank Accounts in Chile

13.1.2023
The conflict between banks and cryptocurrency exchanges in Chile is still developing, as some banks are reticent to serve this kind of institution. A new report prepared by exchanges reports that most of these banks refuse to include crypto companies as customers for risks that are nevertheless...

New York-based bank exits crypto after tumultuous year

9.1.2023
The Metropolitan Bank Holding Corp, the holding company for Metropolitan Commercial Bank, says it’s completely exiting its crypto-asset-related vertical

German regulator warns of new banking and crypto malware ‘Godfather’

9.1.2023
The “Godfather” malware is also known to target 110 cryptocurrency exchange platforms and 94 cryptocurrency wallet apps

Airtm Winds Down Cryptocurrency Trading, Exchanges All Funds to Native Stablecoin

9.1.2023
Airtm, a Latam popular cryptocurrency exchange and wallet, has announced it is winding down cryptocurrency trading and custody in its platform. The company stated that starting Jan. 4, 2023, all cryptocurrency deposits and withdrawals would be paused due to the changes in the service offer of...

Mexican CBDC Unlikely to Be Ready by 2024

8.1.2023
The Mexican central bank digital currency (CBDC), the digital peso, is unlikely to be ready by 2024, as was announced back in 2021 by the Mexican government. In a statement, representatives from Banxico, the central bank of Mexico, stated the development of the currency was still in its initial...

New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud

5.1.2023
On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius. The lawsuit claims that Mashinsky and Celsius defrauded “hundreds of thousands of investors, including more than 26,000 New Yorkers,...

What is institutional DeFi and how can banks benefit?

5.1.2023
Institutional DeFi could be a new paradigm that banks can leverage for product innovation, new pricing models and operational efficiencies

US Regulators and the Fed Jointly Issue Crypto Warnings

5.1.2023
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations. “The agencies have significant safety and soundness concerns with business models that...

Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations

4.1.2023
Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said compliance problems were detected and the exchange’s...

Federal Bank agencies alert Banks & issue crypto-asset risk highlights

4.1.2023
Through an official joint statement, the Federal bank regulatory agencies happened to have cautioned the banking institutions against the key areas involving high-risk factors where the crypto assets are concerned. The entire focus has been on the baking institutions actively involved in crypto...