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US Banks Can Now Hold Reserves for Stablecoin Issuers, Says Federal Banking Regulator
22.9.2020
The U.S. Office of the Comptroller of the Currency (OCC) on Monday published a letter clarifying that national banks and federal savings associations can now hold reserves for stablecoin issuers in the country. According to the OCC’s interpretive letter, reserve accounts can either be funded...
OCC: Banks Can Hold Some Stablecoin Reserves
21.9.2020
The U.S. OCC has published fresh guidance, officially clarifying national banks can provide services to stablecoin issuers in the U.S
US banking regulator authorizes federal banks to hold reserves for stablecoins
21.9.2020
Federal banks in the U.S. see new capacity to provide services to crypto firms, specifically stablecoin operators
The FinCEN Files Show Banks Don’t Actually Care About Stopping Money Laundering
21.9.2020
The massive leak of suspicious activity reports shows how banks let the government know about likely money laundering, then go right on providing services
5 Major Banks Exposed for Moving Trillions for Mobsters, Onecoin, and Drug Cartels
21.9.2020
According to the International Consortium of Investigative Journalists (ICIJ), five major global banks have been exposed funneling trillions of dollars in criminal funds in the recently leaked FinCEN Files. The massive leak is 2,100 documents spanning from 2000 to 2017 which shows fraudulent funds...
Blockchain Bites: DeFi’s Dividend, China’s ‘New Battlefield,’ the Big Banks’ ‘Suspicious Activity’
21.9.2020
China sees its digital yuan as a "new battlefield," DeFi's Curve has a new dividend program and a yet-to-launch platform is pursuing an "Initial DEX Offering."
European central bank execs explain why CBDCs don’t need blockchain
21.9.2020
Before trying to apply blockchain to anything, think why
HSBC stock hits 25-year low: 5 things to watch in Bitcoin this week
21.9.2020
Bitcoin grapples with $11,000 as money laundering engulfs the banking sector again and coronavirus spoils stocks sentiment
FinCEN leak suggests new AML measures may not go far enough… for banks
21.9.2020
The leaked documents show many banks 'enabling' money laundering
Beijing sees digital currencies as ‘new battlefield’ in global finance
21.9.2020
China's central bank aims to challenge the global financial status quo
Meet in the Middle: Crypto Companies and Banks Are Evolving Together
20.9.2020
Noelle Acheson shows how Kraken’s move to become a bank in Wyoming is more about getting traditional finance to adapt to the crypto industry than the other way around
The battle between DeFi, CeFi and the old guard
20.9.2020
We are at the start of some big changes in the financial world, and by combining DeFi and CeFi the transition to the future would be faster
UK Mulls Over Negative Interest Rates, US to Keep Near Zero Rates for Years
18.9.2020
The Bank of England is now seriously considering implementing negative interest rates while the U.S. Federal Reserve has pledged to keep interest rates near zero for years. Some analysts say even the Fed will soon consider negative interest rates. Meanwhile, many expect a boost to the price...
Law Decoded: E Pluribus SHA-256
18.9.2020
New developments at the state level in the U.S. defined this week's regulatory news
Mystery shoppers reveal that banks are struggling with COVID-19 response
18.9.2020
Despite the COVID-19 pandemic, banks are reluctant to suggest alternative channels to their customers, says report
Debt without consent: The tragedy of monopolized fiat money
18.9.2020
Why the government should make a monetary transition to Bitcoin, and the problems that cryptocurrency would help solve, such as preemptive war and national debt
Switchere: Buy Crypto with CC, Pay with Local Banks, Swap and Sell Coins Online
18.9.2020
Presently, the crypto market is witnessing an incredible growth and massive adoption worldwide. Digital transformation and tokenization give freedom to deployment of cryptocurrencies in everyday life. However, one thing worth careful considering is how to choose a trustworthy online crypto exchange...
Inflation Hit Ethiopia Demonetizes Currency To Curb Cash Hoarding
17.9.2020
The Ethiopian government has unveiled a new set of banknotes that are expected to help authorities in curbing cash hoarding, illegal trade and illicit financial flows. The move is also aimed at boosting the liquidity of banks that are struggling to cope with Ethiopia’s cash-based economy....
Societe Generale to Use as Many as Five Blockchains in Capital Markets Trials
17.9.2020
A tech-focused subsidiary of Societe Generale said it will trial up to five different blockchains to understand their usefulness in capital markets
Bank of England talks negative interest rates in best ‘ad’ for Bitcoin
17.9.2020
Bitcoin hodlers could not ask for more, says Tone Vays as the U.K. central bank looks for protection against Brexit and coronavirus fallout