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US Banks Could Seek to Partner With or Buy Crypto Custodians, OCC’s Brooks Says
31.10.2020
The OCC's July ruling that allowed banks to provide custody spurred the newfound interest, Brooks said
OCC’s Brian Brooks Against Government Issued Digital Dollar – Supports Regulation of Privately Issued Stablecoins
31.10.2020
The acting director of the U.S. Office Comptroller of Currency (OCC) Brian Brooks says the creation of the U.S. digital dollar is a terrible one because the government is not good at building things. Instead, Brooks believes tech companies, which already possess the know-how, to be in a better...
Central Banks Dump Gold for the First Time Since 2010, Precious Metal Drops 9% Since August High
30.10.2020
A few central banks have started selling tons of gold for the first time since 2010 in order to ease the financial suffering from the Covid-19 pandemic. At $1,875 per ounce, gold prices are down -9.63% since the commodity’s high of $2,075 on August 6. Even though gold has dropped...
Russia’s Gazprombank gets green light for crypto custody in Switzerland
30.10.2020
Russian banks tap Bitcoin services abroad while the government at home sees no future for private cryptos
Mongolia’s largest bank to offer crypto-related services
30.10.2020
The country continues to make slow but sure steps on its way to being a crypto-friendly nation
Asian Banks Prepare Crypto Takeoff as Thailand’s SCB Revs DeFi Engines
29.10.2020
Siam Commercial Bank (SCB), one of Thailand’s biggest commercial banks, is set to invest in a local DeFi player through a subsidiary – in a week when banks all over Asia have shaped up to make major moves in the crypto scene.
Per an official announcement from the Thai “ecosystem of cross-chain DeFi...
Will they or won't they? Central banks eye each other's digital currency moves
29.10.2020
Canada's central bank recognizes that CBDCs are a necessarily international issue
South Korean, Mongolian Banks Prepare Crypto, Digital Fiat Offerings
29.10.2020
The Genghis Khan Equestrian Statue in Ulaanbaatar, Mongolia. Asian banks are edging yet closer to crypto and digital currency adoption – with South Korean and Mongolian banks unveiling ambitious new developments in the wake of reports of the launch of Singaporean giant DBS’ forthcoming digital...
Avanti launches crypto-friendly bank in Wyoming
28.10.2020
The Wyoming State Banking Board voted unanimously to grant Avanti a bank charter
Loan refinancer and BitLiscensee SoFi is clear to launch a national bank in the US
28.10.2020
The new bank will be subject to heightened scrutiny from the OCC for at least three years
JPMorgan Invites Banks and Fintechs to Build on Its Revamped Blockchain Network
28.10.2020
Liink wants its 400-plus financial institutions (including 25 of the largest 50 banks) to start building on top of the platform
13 Things Fed Should Mull Over Before a Digital Dollar Launch
27.10.2020
The US Federal Reserve should look into more than a dozen major matters before launching its central bank digital currency (CBDC), a digital dollar, including safety, fairness, inclusion, interoperability, and resilience among others, found Global Digital Finance (GDF), an industry body working...
Southeast Asia’s Largest Bank DBS Plans to Launch a Cryptocurrency Exchange
27.10.2020
The Singaporean multinational banking and financial services corporation DBS published an announcement revealing it was launching a cryptocurrency exchange. The announcement was later removed by the company but crypto proponents have learned about the upcoming support for assets like bitcoin...
Bitcoin price nears $13.5K as CEO eyes new all-time highs in 3 months
27.10.2020
Reports of a fresh market entry from a Singapore bank buoys Bitcoin price as Raoul Pal sees hardly any resistance below $20,000 all-time highs
JPMorgan’s ‘JPM Coin’ Is Live, Execs Say
27.10.2020
A major tech firm is about to start using JPM Coin in global payments, as the investment bank doubles down on its blockchain business
JPMorgan's stablecoin finally sees commercial light of day
27.10.2020
JPMorgan Chase now recognizes blockchain's profitability and has created a new business dedicated to digital currency and blockchain work
Singapore’s largest commercial bank reportedly launching crypto trading
27.10.2020
Another global bank believes that digital assets are the future of the global economy
Benoit Coeure Reveals BIS Plan for CBDC Trial Starting in 2020
26.10.2020
BIS is planning a proof-of-concept trial of a CBDC in collaboration with the Swiss central bank
Kenya's central bank exploring CBDCs due to 'mushrooming' of private cryptos
26.10.2020
The Governor of the Central Bank of Kenya told reporters the institution is "already feeling left out."
How US authorities are using old AML tools to crack down on crypto
24.10.2020
With new changes to the Travel Rule up for discussion and a bevy of new cases in the courts, it's time to look at how U.S. AML law is shifting to cope with crypto