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South Korea to Trial CBDC With 100,000 Users and 7 Banks


South Korea’s CBDC pilot will involve seven major banks issuing deposit tokens, enabling 100,000 participants to make digital payments at top retailers like 7-Eleven, Hyundai Home Shopping, and Kyobo Bookstore. South Korea’s CBDC Pilot to Test Deposit Tokens in Real-World Transactions South Korea’s...

Banks push to block stablecoin legislation over market share fears


Bankers and their allies in the US Senate are pushing back against the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act over fears that stablecoins will disintermediate banks and erode banking market share.According to an article from American Banker, the bill requires...

Banks push to block stablecoin legislation over market share fears


Bankers and their allies in the US Senate are pushing back against the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act over fears that stablecoins will disintermediate banks and erode banking market share.According to an article from American Banker, the bill requires...

Banks acting as validators risks centralization — Everstake exec


New US regulatory guidance allowing banks to become validators for blockchain networks is a major step for institutional adoption but worsens centralization risks, Bohdan Opryshko, chief operating officer of staking service provider Everstake, told Cointelegraph. On March 7, the US Office...

Banks acting as validators risks centralization — Everstake exec


New US regulatory guidance allowing banks to become validators for blockchain networks is a major step for institutional adoption but worsens centralization risks, Bohdan Opryshko, chief operating officer of staking service provider Everstake, told Cointelegraph. On March 7, the US Office...

US Regulator Eases Crypto Rules—1,200 Banks Cleared to Engage


1,200 U.S. banks can now embrace crypto, with new regulations allowing broader involvement in digital assets while lifting prior restrictions on the industry. Regulator Just Supercharged Crypto Banking—Banks Can Now Embrace Crypto Fully The Office of the Comptroller of the Currency (OCC) announced...

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