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DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80%
13.7.2024
DBS, a leading financial services group in Asia, reports a significant increase in the trading value of digital payment tokens on its digital exchange for the first five months of this year. The surge reflects growing institutional interest in digital assets as part of alternative portfolios....
Goldman Sachs Boosts Crypto Services Amid Interest Surge — Plans 3 New Tokenization Projects
12.7.2024
Goldman Sachs is expanding its crypto services, focusing on tokenizing assets. The global investment bank plans to launch three tokenization projects by year’s end. Goldman Sachs continues to see client interest, aiming to innovate investment methods and broaden its crypto product suite....
FDIC nominee Goldsmith Romero says banks can custody digital assets
11.7.2024
The Federal Deposit Insurance Corporation Chair nominee stated her position amid the failure of Congress to overturn the SAB-121 veto
House fails to override Biden’s veto on nullifying SEC crypto rule
11.7.2024
Though the resolution overturning an SEC rule on banks handling crypto passed in the House in May, the legislation required at least 288 members to override President Biden’s veto
Former US solicitor general claims regulators want to ‘debank’ crypto
5.7.2024
Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve
Basel Committee finalizes crypto exposure rules for banks
3.7.2024
The committee is unveiling the standards later in July, culminating a yearslong process
Basel Committee finalizes crypto exposure rules for banks
3.7.2024
The committee is unveiling the standards later in July, culminating a yearslong process
Global Banking Standard Setter Approves Disclosure Framework for Crypto Exposures
3.7.2024
The Basel Committee's framework, based on responses to a December 2022 discussion paper, must be implemented by 2026
Bahamas to Mandate Banks to Distribute Central Bank Digital Currency
3.7.2024
The Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle indicated that these regulations would be implemented...
Bahamas wants to force banks to support its ‘Sand dollar’ CBDC
2.7.2024
The Bahamas was one of the first countries in the world to launch a central bank digital currency — the “Sand Dollar” in 2020 — and is now looking for ways to boost its adoption
SEC files lawsuit against FTX-linked bank, alleging fraud
1.7.2024
Enforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.”
Bolivia lifts ban on Bitcoin, authorizes crypto transactions via banks
28.6.2024
The change in regulatory stance marks the end of a ban on crypto use in the country that began in 2014
Federal Reserve Stress Test Projects $685 Billion in Losses for Large Banks
28.6.2024
The Federal Reserve Board’s annual stress test results reveal that large banks are expected to face nearly $685 billion in projected losses during a severe recession scenario. These losses are significantly higher than last year due to increased risks in bank balance sheets and higher...
US Fed CIO says it’s ‘hard to justify’ hiring human coders over AI
27.6.2024
The Federal Reserve’s leadership seemingly views generative AI as a “super analyst” capable of turbocharging the agency’s work process
Digital Euro Holding Limit: Debate Continues
26.6.2024
The president of Germany’s central bank has highlighted the ongoing debate about the holding limit for the digital euro, Europe’s central bank digital currency (CBDC). He noted that recent Bundesbank research indicates that the optimal amount could be in the range of 1,500 to 2,500...
Big banks rush in to test ECB’s wholesale distributed ledger tech
24.6.2024
The new participants in the European Central Bank’s DLT tests include major financial institutions
Federal Watchdogs Flag 4 Major US Banks for Lack of Crisis Management; Demand Living Will Revisions
22.6.2024
Federal authorities have spotlighted critical deficiencies in the crisis management strategies—known as “living wills”—of four major U.S. banks, signaling a push for stronger safeguards against financial turmoil. The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve...
Arthur Hayes: Japanese Banks in Crisis Over Dollar-Yen Carry Trade Failures
21.6.2024
Japanese banks, once secure in their financial strategies, are now facing severe challenges due to shifts in global monetary policies, as outlined by Bitmex co-founder Arthur Hayes in his latest blog post. These institutions are caught in a cycle of low yields and high hedging costs, which...
Central Banks Plan Increased Gold Reserves Amid Global Uncertainty: 2024 World Gold Council Survey
20.6.2024
The World Gold Council’s 2024 survey reveals that central banks plan to increase gold reserves amid geopolitical and financial uncertainties. Over 80% of respondents expect global bullion holdings to rise, and 29% of central banks plan to boost their own reserves. Motivations include...
Iran to launch public CBDC pilot in June
19.6.2024
Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between the buyer and the seller