Search
Crypto Banks Are One Step Closer to Reality Under New Fed Guidance
23.8.2022
The Federal Reserve published guidance detailing how crypto banks can secure master account access, something several have wanted for over a year. While the guidance stops short of true transparency, potential applicants now have a roadmap of sorts they can follow, while the Fed has indicated that...
Fed teases master accounts for crypto banks: Law Decoded, Aug. 15-22
22.8.2022
The new guidelines from the Federal Reserve hold a prospect of “the most stringent review” for non-federally insured institutions
US Federal Reserve Board Unveils Final Guidelines Used When Reviewing Requests for Access to Master Accounts
18.8.2022
The U.S. Federal Reserve Board has said it has released the final guidelines which are set to be used by Reserve Banks when “reviewing requests to access Federal Reserve accounts and payment services.” According to the board, the final guidelines will become effective as soon as they...
Fed Reveals Guidelines for Crypto Banks Who Want to Open ‘Master Accounts’
16.8.2022
The Federal Reserve (Fed)'s governing board has unveiled guidelines that will standardize applications for “master accounts” from institutions “with novel charters,” including “cryptocurrency custody banks and their trade associations.”...
Read More: Fed Reveals Guidelines for Crypto Banks Who Want...
Fed to issue long-awaited guidelines for granting master accounts to crypto banks
15.8.2022
The U.S. Federal Reserve Board has finalized tiered guidelines for granting Federal Reserve accounts, with Wyoming’s crypto banks likely to fall under most scrutiny
US Fed Opens Pathway for Crypto Banks to Tap Central Banking System
15.8.2022
The Federal Reserve announced it was publishing its final guidance for novel financial institutions, such as Wyoming trust entities, to access its "master accounts," something these firms need to participate in the global payment system
FDIC Asks Thousands of Banks to Disclose Crypto Plans
11.4.2022
The U.S. Federal Deposit Insurance Corporation (FDIC) has asked thousands of banks and other financial institutions it supervises to declare existing crypto activities and any plans they have to engage in crypto activities in the future. Banks to Disclose Crypto Plans to FDIC The Federal Deposit...
JPMorgan: Global Regulation Urgently Needed for Banks to Help Clients Invest in Crypto
17.2.2022
A globally consistent crypto regulatory framework is urgently needed to allow banks to handle crypto assets on behalf of large customers, said a JPMorgan executive. “We need a globally consistent regulatory framework. It’s important that we get to a solution as quickly...
Crypterium - One Of The Largest Crypto Banks Burns 1M CRPT Tokens
19.7.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
London, July 11, 2021:
Following up the announcement regarding burning CRPT, Crypterium confirms that more than 1m tokens have been successfully collected and destroyed during the first burning on July...
Bitcoin on balance sheet attracts negative attention from anti-crypto banks
18.4.2021
Having over 90,000 BTC on the balance sheet could see a company’s stock blacklisted by banks that remain crypto detractors
Visa Pilots System to Help Banks Provide Crypto Services Including Buying, Trading, Custody of Bitcoin
3.2.2021
Visa is piloting a new system to enable banks to seamlessly integrate crypto features. Using Visa’s crypto APIs, banks can offer a number of cryptocurrency services to their customers, including the buying, trading, and custody of bitcoin. Visa announced Wednesday a partnership with First...
Crypto banks are the sector’s game-changers
17.12.2020
Crypto banks offer an integrated solution that is connected to the traditional financial world — which, most importantly, is compliant with regulations
Crypto banks are going to swallow fiat banks in 3 years — or even less
10.10.2020
In three years, a younger generation of banking customers won’t do business with a traditional fiat bank unless it offers access to crypto
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...
Indian Crypto Banks and Exchanges See Massive Growth Amid Rising Covid-19 Crisis: Survey
30.6.2020
The crypto industry in India is experiencing massive growth, according to a new survey of crypto banks and exchanges. Despite the country’s deepening coronavirus crisis, crypto exchanges say trading volumes and the number of signups continue to grow substantially. India’s Cryptocurrency...
Crypto Banks Answer the Call Amid Coronavirus-Fueled Economic Decline
24.4.2020
Despite the economic chaos worldwide, some crypto banks are going strong: “We currently have the largest holding of crypto than we’ve ever had and are in a strong position to continue innovating”
From FUD to FOMO – China State Newspaper Says Bitcoin Is ‘Successful’
12.11.2019
A major Chinese daily has published an article about Bitcoin. The publication describes the first cryptocurrency as a successful application of the blockchain technology. It provides its readers with the basics they need to know about Bitcoin and highlights some of its main characteristics. Also...
Crypto Banks Gain Regulatory Recognition Across the Globe
11.11.2019
Traditional financial institutions are still leery about decentralized cryptocurrencies. They are only starting to explore the potential of digital assets. But a new breed of banks specializing in crypto have been working hard to take advantage of this trend and are gaining regulatory recognition...
Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached
27.8.2019
One of the major problems for businesses in the cryptocurrency industry is finding a bank that agrees to work with them and connect them to the traditional fiat financial system. The financial regulator in Switzerland has just made this easier by licensing two companies to serve as tailored banks...
Swiss Crypto Banks Receive Licenses From Financial Regulator
26.8.2019
Two Swiss banks have received a banking and securities dealer licence from the Financial Market Supervisory Authority