Search

Nalezeno "Nu Bank": 7680

Crypto Bank Custodia Denied Membership in US Federal Reserve System

29.1.2023
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the digital asset bank is inconsistent with legal requirements. Federal Reserve Board Says Business Model...

Ghanaian and Nigerian Central Bank Open Respective Regulatory Sandbox Application Processes

29.1.2023
The Ghanaian and Nigerian central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications. The Bank of Ghana said its sandbox will also support innovations that attempt to solve the financial exclusion challenge. Solving...

US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities

28.1.2023
The United States Federal Reserve Board said on Jan. 27 that both insured and uninsured banks will be subjected to limits on certain activities including those that are associated with crypto assets. The board’s latest action does not preclude a state member bank or prospective applicant from...

Sao Paolo Introduces Blockchain in Data Access Law

28.1.2023
The Brazilian city of Sao Paolo has introduced the concept of blockchain in its municipal data access and transparency law. The concept of blockchain is defined as a technology that can be of use in this field, but the city has not defined the structures or the implementation for its use in...

Goldman Sachs Ranks Bitcoin Best Performing Asset so Far This Year

28.1.2023
Goldman Sachs has ranked bitcoin the best-performing asset so far this year. The cryptocurrency also tops the global investment bank’s list as the asset with the highest risk-adjusted return — above gold, real estate, the S&P 500, and the Nasdaq 100. Bitcoin Outshines Other...

Fed policy to align bank oversight could limit crypto activities by state banks

27.1.2023
The new policy would align the allowable activities for insured and uninsured state banks and OCC-supervised national banks by making rules for state banks more restrictive

Custodia Bank Denied Federal Reserve System Membership

27.1.2023
The Federal Reserve Board has denied Custodia Bank’s application for membership, claiming the crypto-focused institution’s “novel business model and proposed focus on crypto-assets presented significant safety and soundness risks.”

Fed denies Custodia Bank application to join the Federal Reserve System

27.1.2023
The bank applied for the application in 2019 and sued the Fed in an attempt to speed up a decision

Crypto Bank Silvergate Suspends Dividend on Preferred Stock

27.1.2023
The bank is looking to preserve capital as it navigates recent volatility in the crypto industry

Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases

27.1.2023
Saudi Arabia’s central bank digital currency (CBDC) experiment, which is being carried out in conjunction with local banks and fintechs, is presently focused on domestic wholesale uses cases, the central bank has said. Meanwhile, the Saudi Minister of Finance has said CBDCs can be...

Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appeal

27.1.2023
The Dutch central bank has imposed a fine on crypto exchange Coinbase for providing services in the past without the necessary registration. The trading platform, which has until March to object to the measure, is currently considering an appeal against the move. Dutch Monetary Authority Fines...

'LEAKED BIDS' — Binance, Galaxy Digital among secret bidders for Celsius assets

27.1.2023
Crypto blogger Tiffany Fong has shared documents she claims to have obtained in late December detailing several bids for Celsius' crypto assets

ChatGPT learns Bitcoin will end central banking and fiat currency

26.1.2023
A Bitcoin mentor convinced ChatGPT, the AI chatbot, that Bitcoin would bring about the demise of fiat currency

Coinbase Fined $3.6M by Dutch Central Bank for Failing to Obtain Proper Registration before Operating

26.1.2023
United States-based cryptocurrency exchange Coinbase has been fined €3.3 million ($3.6 million) by the Dutch central bank (DNB) for failing to obtain the required registration before operating in the jurisdiction. In a Thursday press release, the DNB detailed that digital asset service providers...