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Don’t Expect Banks to Jump on the OCC Crypto Custody News
23.7.2020
The OCC's ruling means nationally chartered banks can now custody crypto. But, given relatively low level of institutional interest, don't count on services appearing soon
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...
US Banks Offering Crypto Custody is 'Insanely' Bullish and Risky
23.7.2020
Source: Adobe/Prostock-studio
While many in the Cryptoverse celebrate a decision by the US Office of the Comptroller of the Currency to allow all federally chartered banks in the US to provide cryptoasset custody services to their customers, it also brings an "existential" risk to Bitcoin...
Banks in US Can Now Offer Crypto Custody Services, Regulator Says
22.7.2020
U.S. regulators have cleared the way for national banks to provide cryptocurrency custody services on behalf of customers
Binance Buying a Traditional Bank Is Not a New Idea, CZ Says
22.7.2020
Binance CEO CZ says that having their own bank would unlock one more channel for interacting with global regulators
US Banking Regulator Greenlights Crypto Custody at Federally Chartered Banks
22.7.2020
The office of the U.S. Treasury that handles banks has issued a determination on the long-debated subject of custodying crypto assets
Lithuanian Central Bank’s Commemorative Digital Token Goes Live Thursday
22.7.2020
Lithuania’s central bank is set to issue 24,000 digital tokens commemorating the re-establishment of Lithuanian independence in 1918
Copper Becomes Latest Crypto Firm to Use Signature Bank's Signet
21.7.2020
The integration of Signature Bank’s Signet will allow Copper’s customers to instantly pay and settle transactions in U.S. dollars and other fiat currencies
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
Global Banks Reportedly Limit Service in Hong Kong for Political Reasons
20.7.2020
Global banks are scanning clients in Hong Kong on potential political ties amid protests over China-initiated national security law
Coincidence? Top 5 Swiss Bank’s Profits up 34% After Bitcoin Integration
20.7.2020
Julius Baer, a top-five Swiss bank, saw its net profit climb by 34% in the first half of 2020, a period during which it began offering digital assets like Bitcoin to its clients
Bank of Japan Forms New Team to Explore Central Bank Digital Currency
20.7.2020
The Bank of Japan is warming to digital currencies and now has a team dedicated to researching a possible digital yen
Bank of Japan Has New CBDC Research Team But No Plans to Launch
20.7.2020
Bank of Japan has announced the launch of a new CBDC research team, which will continue the work of its previous CBDC research team
Bitcoin Could Be the Next Big Inflation Hedge
19.7.2020
High-profile investors are concerned about the possibility of rising inflation — and they are turning to cryptocurrency to hedge against it
Top Spanish Banks Finalize Trial of Payments Using Smart Contracts
17.7.2020
Five major Spanish banking institutions have completed a proof-of-concept for payments using smart contracts
Thailand Already Using Central Bank’s Digital Currency
17.7.2020
Thailand's digital currency is backed by the central bank’s foreign currency reserves, which have grown by $25 billion over the past 12 months
Bank of Thailand Progresses With Digital Baht Tests Before Public Launch
16.7.2020
The Bank of Thailand is looking to test the digital baht with Hong Kong’s central bank after piloting the CBDC with large businesses
Covid-19 Stimulus: Banks Will Gain $18 Billion in Fees for Processing PPP Relief Loans
15.7.2020
The world’s banking cartel will gather $18 billion in fees for facilitating the settlement of small business Paycheck Protection Program (PPP) relief loans leveraged during the Covid-19 pandemic. The $640 billion in PPP relief loans stem from the CARES Act and allegedly there’s only...
Japanese Banking Giant MUFG to Issue Its Own Stablecoin in H2 2020
14.7.2020
Japan’s largest financial institution, Mitsubishi UFJ Financial Group, is planning to issue the MUFG token in the second half of 2020
Bank of England Considering a Central Bank Digital Currency, Governor Says
14.7.2020
The U.K.'s central bank is discussing the possibility of launching a digital currency, perhaps in several years