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Stablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past: WSJ
3.3.2023
Tether, the company behind the world's largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says
Regulator Warnings Prompt HSBC and Nationwide Banks to Limit Crypto Transactions
3.3.2023
HSBC Holdings Plc and Nationwide Building Society imposed limits on retail customers' access to cryptoassets in another episode of UK banks reacting to the recent crypto industry legal and regulatory issues.
HSBC said that, in February, it restricted customers from buying crypto with its credit...
Was Silvergate on Borrowed Time as Regulators Backed Banks Away From Crypto?
3.3.2023
Silvergate Bank is being hollowed out as its customers retreat following the disclosure that it has to reassess its financials and may not be a "going concern" within a year. The prominent California-based crypto bank's future gets increasingly murky
UK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report
2.3.2023
The banks join a growing list of financial institutions in the country tightening restrictions on digital assets
Japanese Banks to Trial Stablecoins on High-Speed Blockchain – How Does it Work?
2.3.2023
Banks in Japan are starting a trial for issuing fully compliant stablecoins on an ultra-fast but largely centralized blockchain known as the Japan Open Chain.
The bank trials will be the first experiment with stablecoins in Japan that is fully compliant with local laws, a press release sent out...
Russian bank issues first on-chain bank guarantee in Chinese yuan
2.3.2023
The transaction was performed through the Masterchain blockchain platform, which is the Russian national blockchain network
Before Silvergate and After Silvergate
2.3.2023
Today in Crypto: Trezor and The Sandbox Issue Security Warnings, Cronos Launches a New DEX, Three Japanese Banks Set to Test Stablecoins on Japan Open Chain
2.3.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________...
Read More: Today in Crypto: Trezor and The Sandbox Issue Security Warnings, Cronos Launches a New DEX, Three Japanese Banks Set...
US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations
2.3.2023
On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options...
Silvergate Downgraded by JPM, Canaccord Amid Doubts of Bank’s Solvency
2.3.2023
JPMorgan cut its recommendation on the stock to "Underweight" from "Neutral" and withdrew its price target
Three Japanese Banks Start Stablecoin Experiment
2.3.2023
Three Japanese banks, Kiraboshi Bank, Minna no Bank and The Shikoku Bank, are participating in an experiment that aims to implement a stablecoin system that meets legal requirements
Crypto distribution is uneven among banks as prudential exposure rises: BIS report
1.3.2023
One bank accounts for almost 62% of all crypto asset prudential exposure; almost two-thirds of banks holding crypto are in the Americas
Certain Banks' Crypto Exposure Dropped by 44% Globally in 2022 From Previous Year: BIS
28.2.2023
Banks across the globe lowered their exposure to certain crypto by 43.6% in a year, a report by the Basel Committee on Banking Supervision (BCBS) said on Tuesday
UK banking regulator to propose crypto issuing, holding rules after Basel 3 finalized
27.2.2023
The Bank of England Prudential Regulatory Authority will facilitate international economic growth under the Financial Services and Markets bill now in Parliament
UK Banking Regulator to Propose Rules on Issuing, Holding Crypto
27.2.2023
The U.K. also recently started a consultation on regulating the sector and a potential central bank digital currency
Kucoin and Huobi Are Accused in Report of Enabling Russian Banks to Break Sanctions
27.2.2023
Huobi and KuCoin, two of the world's largest crypto exchanges, have reportedly continued to provide services to customers of sanctioned Russian banks.
The exchanges, both based in Seychelles, failed to take proper measures in order to block traders from transacting with debit cards issued...
BRICS Nations ‘Coalescing Against the Dollar,’ Major Banks Predict More Fed Hikes, Bitcoin Records Large Blocks as Ordinals Gain Currency
26.2.2023
In spite of turbulence in traditional global finance, with BRICS nations said to be pushing for de-dollarization and major banks like Bank of America and Goldman Sachs predicting further interest rate hikes from the U.S. Federal Reserve, creativity in crypto has found a new boon in the form...
South Africa Added to FATF ‘Grey List’ Despite Designation of Crypto as a Financial Product
26.2.2023
In a move seen as a major setback for South Africa, the international financial watchdog, the Financial Action Task Force, announced on Feb. 24 that it had added the country to its “grey list.” Getting grey-listed by the financial watchdog potentially makes it difficult for South Africa...
Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges
26.2.2023
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in peer-to-peer deals, the analysis shows. It also...
US agencies recommend old risk management principles for crypto liquidity
25.2.2023
The joint statement highlighted the key liquidity risks associated with crypto-assets and related participants for banking organizations