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India’s Central Bank Seeking Privacy Legislation for Retail CBDC Users
21.3.2023
India's central bank is advocating for legislation that will allow users of its retail central bank digital currency (CBDC) to delete any transactions in order to maintain anonymity
EU Crypto Banking License Procedures Are too Inconsistent, ECB Says
21.3.2023
The eurozone supervisor is seeking to smooth out a process dominated by German and Luxembourgish banks
US exploring ways to guarantee the country's 18T of bank deposits: Report
21.3.2023
The current deposit insurance cap under the FDIC is $250,000, but recent banking collapses have seen calls to increase that amount
Economist David Rosenberg Warns of ‘Crash Landing’ and Recession, Citing Fed Data
21.3.2023
Famed economist David Rosenberg has warned of a “crash landing” and an impending recession for the U.S. economy. Referring to the Philadelphia Fed’s manufacturing index chart, he stressed: “Take a good hard look at this chart and tell me we are heading into...
FL Gov. DeSantis Proposes Ban on Central Bank Digital Currency Use as Money
21.3.2023
Governor Ron DeSantis of the U.S. state of Florida has proposed legislation to prohibit the use of central bank digital currency (CBDC) as money in his state. “The Biden administration’s efforts to inject a centralized bank digital currency is about surveillance and control,”...
Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations
20.3.2023
On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all...
Coinbase pauses support for Signature Bank's Signet: Report
20.3.2023
The U.S. crypto exchange was reportedly looking for another payment network provider and waiting on the outcome of the situation with Signature
In the aftermath of banks’ horrorshow: Law Decoded, March 13–20.
20.3.2023
A week after the twinning collapse of Silicon Valley Bank (SVB) and Signature Bank, and the trouble at Credit Suisse, the dust is slowly settling down
Bank collapses are spurring interest in self-custody startups
20.3.2023
The implosions of Signature Bank and Silicon Valley Bank are giving self-custody startups an opportunity to prosper
Coinbase No Longer Supporting Signature Bank’s Signet Network: WSJ
20.3.2023
The fate of Signet has been unclear since Signature Bank was shut down by New York State regulators last weekend
Coinbase No Longer Supporting Signature Bank’s Signet Network: WSJ
20.3.2023
The fate of Signet has been unclear since Signature Bank was shut down by New York State regulators last weekend
First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower
20.3.2023
After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 11 major financial...
Florida Governor Ron DeSantis Proposes Law to Ban CBDCs
20.3.2023
The Biden Administration is currently studying the possibility of introducing a central bank digital currency
The Credit Suisse Buyout and the Lingering Risks to the Banking Sector
20.3.2023
No Crypto Banking Port Has Really Opened Up in This U.S. Storm
20.3.2023
The biggest U.S. banks have not stepped forward to welcome homeless crypto businesses scrambling for banking services after fleeing the wreckage of Silvergate Bank, Signature Bank and Silicon Valley Bank
Several Major Central Banks Take Coordinated Action to Boost Liquidity Amidst Banking Crisis
20.3.2023
On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve, along with several central banks including the Bank of England, Bank of Canada, Bank of Japan, the European Central Bank, and the Swiss National Bank, announced a coordinated action to enhance the provision...
Silicon Valley Bank’s downfall has many causes, but crypto isn’t one
20.3.2023
Silicon Valley Bank’s collapse leaves many questioning the role of regulators, instilling fears of another 2008-like financial crisis
First Mover Americas: Bitcoin, as Safety Play, Climbs Past $28K
20.3.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for March 20, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Cryptocurrency Market Set for More Upside After Bank Problems: Bernstein
20.3.2023
The current environment is the perfect setting for the decentralized financial system to stand out as an alternative to traditional banking, the report said
Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says
20.3.2023
Blockchain technology can help solve current issues with settlements, according to the deputy chief executive of Sberbank. Russia’s largest bank is working with other financial institutions to develop blockchain-based payment applications, the banker revealed. Sberbank Sees Solution to Russia’s...