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Coinstar/Coinme Add More Coins, Bitfinex Preps for ETH Fork, Philippines Approves Two Digital Banks, Nomad Bridge Hackers are Offered NFTs + More News
24.8.2022
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: Coinstar/Coinme Add More Coins, Bitfinex Preps for ETH Fork, Philippines Approves Two Digital Banks, Nomad Bridge Hackers...
Bitcoin and the Banking system: slammed doors and legacy flaws
24.8.2022
It’s no secret the banking system doesn’t like Bitcoin — but does that stance challenge Bitcoin-first companies? Cointelegraph investigates
Second Biggest Brazilian Bank Bradesco Not Interested in Crypto, Alleges It Is Still ‘Very Small’
24.8.2022
Bradesco, one of the biggest banks in Brazil, has stated it does not have plans to enter the cryptocurrency market in the near future. In an interview, Bradesco CEO Octavio de Lazari Junior stated that the company was currently not interested in launching crypto services to its customers...
Miami Trio Charged With Defrauding Banks and Crypto Exchange of Over $4M
23.8.2022
The DOJ has been cracking down on crypto-related scams as lawmakers become more vocal about illicit activity in the space
Crypto Banks Are One Step Closer to Reality Under New Fed Guidance
23.8.2022
The Federal Reserve published guidance detailing how crypto banks can secure master account access, something several have wanted for over a year. While the guidance stops short of true transparency, potential applicants now have a roadmap of sorts they can follow, while the Fed has indicated that...
RBI Governor Says Central Bank's Warnings Pushed People to Avoid Crypto: Report
23.8.2022
The central bank has maintained banning cryptocurrency is the most suitable choice for India
Latest Ghana Benchmark Rate Hike the Largest on Record — President Promises Action Against ‘Unacceptable Depreciation of the Cedi’
23.8.2022
After seeing Ghana’s inflation rate surge to 31.7% in July, the Bank of Ghana responded by hiking the benchmark interest rate by 300 basis points. In addition to the rate hike, the central bank said it will gradually raise banks’ primary reserve requirements. One expert has said...
Fed teases master accounts for crypto banks: Law Decoded, Aug. 15-22
22.8.2022
The new guidelines from the Federal Reserve hold a prospect of “the most stringent review” for non-federally insured institutions
United Texas CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'
19.8.2022
Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
FTX US among 5 companies to receive cease and desist letters from FDIC
19.8.2022
The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance
South Africa's Monetary Authority Greenlights Banks to Serve Crypto Clients
19.8.2022
The central bank warned against the "wholesale" banning of clients over risk after a number of local banks moved to terminate services to crypto exchanges and other intermediaries in previous years
US Federal Reserve Board Unveils Final Guidelines Used When Reviewing Requests for Access to Master Accounts
18.8.2022
The U.S. Federal Reserve Board has said it has released the final guidelines which are set to be used by Reserve Banks when “reviewing requests to access Federal Reserve accounts and payment services.” According to the board, the final guidelines will become effective as soon as they...
Fed adds a new layer of bureaucracy for US banks engaging in crypto asset activities
17.8.2022
The U.S. Federal Reserve Board has issued new instructions for banks engaging in crypto asset activities that include running their plans past their Fed supervisor
EU Lawmakers Seek to Cap Banks’ Bitcoin Holdings
17.8.2022
Lawmakers of the European Green Party want to anticipate international standards by legislating hefty capital norms for lenders now
US Regulator 'Improperly' Pushing Banks to Avoid Serving Crypto Companies, Lawmaker Says
17.8.2022
U.S. Sen. Pat Toomey said whistleblowers had informed him that the FDIC was pressuring banks to stop providing services to crypto companies
Former JPMorgan, Barclays execs on why crypto jobs attractive even in bear market
17.8.2022
Former traditional finance veterans are debuting a crypto career at the crypto ETF issuer 21Shares despite the bear market
Fed Reminds Banks to Check for Legal Permissibility Before Offering Crypto-Related Services
16.8.2022
The Federal Reserve published an open letter Tuesday, signed by Director of Supervision and Regulation Michael Gibson and Director of Consumer and Community Affairs Eric Belsky, directing Fed-supervised banks to make sure they check that any crypto-related activities they want to undertake...
Fed Reveals Guidelines for Crypto Banks Who Want to Open ‘Master Accounts’
16.8.2022
The Federal Reserve (Fed)'s governing board has unveiled guidelines that will standardize applications for “master accounts” from institutions “with novel charters,” including “cryptocurrency custody banks and their trade associations.”...
Read More: Fed Reveals Guidelines for Crypto Banks Who Want...
Korean regulators investigate banks over $6.5B tied to Kimchi premium
16.8.2022
South Korean financial regulators are looking into the massive amount of foreign remittances of cash that came from crypto exchanges
Russian Banks to ‘Start Handling Digital Ruble by 2024’
16.8.2022
A Russian central bank digital currency (CBDC) could be around the corner, with commercial banks in the country now being told by the central bank to prepare to handle a digital ruble within the next two years.
According to a document dated August 11 and issued by the Bank of Russia –...