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El Salvador Stresses Bitcoin Banks Are Coming This Year
14.9.2025
During celebrations marking the fourth year of the country’s bitcoin pivot, authorities said bitcoin banks will be established soon. El Salvador enacted the Investment Bank Law in August, opening the doors to private bitcoin investment banks. El Salvador Readies to Open Bitcoin Banks Soon...
FDIC Asks Thousands of Banks to Disclose Crypto Plans
11.4.2022
The U.S. Federal Deposit Insurance Corporation (FDIC) has asked thousands of banks and other financial institutions it supervises to declare existing crypto activities and any plans they have to engage in crypto activities in the future. Banks to Disclose Crypto Plans to FDIC The Federal Deposit...
Federal Reserve, FDIC, OCC Discuss Allowing Banks to Hold Crypto on Balance Sheets
28.10.2021
A group of U.S. banking regulators is working on how banks can be allowed to offer crypto services and hold cryptocurrencies on their balance sheets. The chairman of the Federal Deposit Insurance Corporation (FDIC) said, “If we don’t bring this activity inside the banks, it is going...
A trade war misstep? China is vacating crypto battlefield to US banks
30.7.2021
Why is China forsaking cryptocurrencies at the same time that legacy U.S. banks, long wary of crypto, appear to be discovering its virtues?
India’s Central Bank RBI Confirms Crypto Banking Ban ‘No Longer Valid’ — Asks Banks to Stop Quoting It
31.5.2021
Indian central bank, the Reserve Bank of India (RBI), has officially advised banks that its banking ban circular is no longer valid as it was set aside by the country’s supreme court more than one year ago. Despite the supreme court’s ruling, banks have been citing the RBI circular when...
Hedge or cyclical? Eternal debate on Bitcoin’s status sees a new twist
4.2.2021
Crypto might not be a great hedge in the strict traditional sense, but it can guard investors against policy and currency risks
US Regulator Green-Lights Banks for Cryptocurrency Custody Services
23.7.2020
The Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related...
As US Banks Running Out of Coins Bitcoin Keeps On Chugging Along
21.7.2020
A U.S. bank is offering its customers a 5% bonus for delivering coins to one of its branches while Bitcoin has quadrillions of Satoshis to spare
Major U.S. Banks Go Down Due to Stimulus Payout Demands
17.4.2020
Major US banks go offline amid demand from trillions of dollars of stimulus payouts
Israeli Banks Should Not Deny Services to Crypto Firms: Attorney General
20.2.2020
Israeli banks should not deny services to firms involved with crypto, attorney general Avichai Mandelblit said
Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto Exchanges
26.1.2020
On January 3, 2020, a small group of crypto enthusiasts celebrated the second annual Proof-of-Keys day with hopes to get people to withdraw funds from centralized digital currency exchanges. However, exchanges holding massive amounts of BTC only saw their reserves grow larger and data shows that...
Major Banks Unknowingly Process Billions in Crypto Business, Says CipherTrace
16.12.2019
According to CipherTrace, major U.S. banks unwittingly process billions of dollars from crypto-related business because they are ill-equipped to identify virtual asset service providers
Reuters: Dutch Bank ING Working on Digital Asset Custody Technology
12.12.2019
ING is reportedly developing digital asset custody technology, becoming the latest mainstream financial institution to enter the crypto custody business
MARKETS DAILY: Planning a Run on “Bitcoin Banks”?
6.12.2019
With markets mixed but mostly down, we're looking at DeutcheBank's 2030 crypto call, the movement encouraging an annual bitcoin exchange "bank run", and Enjin’s Microsoft-fueled rally
Danish Court Upholds Nordea Bank Ban on Employees Owning Bitcoin
3.12.2019
Nordea Bank can now officially bar its employees from owning cryptocurrencies, according to a court ruling
Germany: New Proposed Law Would Legalize Banks Holding Bitcoin
29.11.2019
By 2020, German banks will be able to custody Bitcoin, if new proposed changes to the law are approved
Stanford Prof: Crypto Will Rain on Banks’ Low-Interest Rate Parade
25.10.2019
A professor at Stanford Graduate School of Business says cryptocurrencies will inevitably upend the banking sector
Arab Bank Switzerland Opens Bitcoin Custody, Brokerage Services
19.9.2019
Arab Bank Switzerland has become the latest Swiss institution to enter the digital assets sector
Seba And Sygnum Bitcoin Banks Granted License By Swiss Financial Regulator (Finma)
17.9.2019
Recently, the Swiss Financial Market Supervisory Authority (FINMA) has made an announcement that has come as a relief to two “pure-play blockchain service providers” who can now serve as crypto banks for the industry. This is being perceived as a giant step for the digital asset industry as one...
Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached
27.8.2019
One of the major problems for businesses in the cryptocurrency industry is finding a bank that agrees to work with them and connect them to the traditional fiat financial system. The financial regulator in Switzerland has just made this easier by licensing two companies to serve as tailored banks...