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Chilean Court Orders Two Major Banks to Keep Open Checking Accounts of Crypto Exchange Buda
5.1.2021
Chile’s Free Competition Defense Court (TDLC) ruled in favor of the Latin American cryptocurrency exchange Bud after their checking accounts were closed by two major banks in the midst of a lawsuit related to a Ponzi scheme unrelated to the exchange. Chilean Court Rejected Petitions From...
The US Dollar’s Share of Global Reserve Currencies Drops as Japanese Yen’s Share Increases
5.1.2021
The U.S. dollar’s dominant position as the reserve currency of choice may be in peril, as its share of global currencies held in reserves continues to decline. International Monetary Fund (IMF) data shows, the dollar’s share of reserves dropped from 66% in Q3 of 2014 to just above...
Crypto Markets Jump on OCC Approval for Banks to Use Blockchains
5.1.2021
The price of bitcoin and native tokens for other stablecoin-supporting blockchains jumped after the OCC approved banks to use public blockchains
US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins
5.1.2021
Banks can act as nodes on a blockchain or conduct payments using stablecoins, the OCC said Monday
OCC greenlights national banks to run nodes and stablecoin networks
5.1.2021
The latest from the Treasury's most crypto-forward office says that national banks don't have to fear stablecoin nodes
What Might Change The Currency Composition of Central Banks’ Reserve Holdings?
4.1.2021
Alina Iancu, Neil Meads, and Yiqun Wu work at the International Monetary Fund (IMF)’s Strategy, Policy, and Review Department, while Martin Mühleisen is the former director of this department.
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The currencies that are being held by central banks as foreign exchange reserves have remained...
The US has already lost the 2020 crypto regulation race to Europe
31.12.2020
When it comes to crypto regulation, the United States is falling further behind more progressive and visionary nations
Physical Crypto Bank Opens in India — These 14 Locations Offer In-Person Banking, Lending, Crypto Exchange
30.12.2020
A crypto bank has begun opening physical branches in India through a joint venture between Cashaa and United Multistate co-op society. Customers can open bank accounts, buy and sell cryptocurrencies, obtain crypto-backed loans, as well as learn about crypto. Crypto Bank Opens Physical Branches...
$200 Billion in Fines: Mega Banks Rack up Penalties From Illegal Activities
28.12.2020
Top U.S. banks have racked up almost $200 billion in fines and penalties over the past 20 years from illegal activities in 395 major legal cases. Bank of America tops the list, followed by JPMorgan, Citigroup, and Wells Fargo, according to a new report, which also covers Morgan Stanley and Goldman...
Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns
26.12.2020
The top U.S. banking regulator is concerned that the Biden administration may roll back some cryptocurrency regulations aimed at protecting consumers. This includes allowing national banks to custody crypto assets put in place during the Trump administration. Biden Administration Could Change...
Central Banks Gone Wild! Feat. Bill Barhydt
26.12.2020
The founder of mobile crypto bank Abra discusses the massive expansion of global central bank balance sheets
Snowden Puzzled by Bitcoin’s Lack of Scaling and Privacy, Says Devs ‘Had Years to Do It’
25.12.2020
Just recently, the film producer and well known Youtuber, Naomi Brockwell, sat down with Edward Snowden and the two discussed a number of subjects including privacy and bitcoin. When Snowden talked about bitcoin, he delved into the protocol’s lack of progressive scaling and privacy....
A storm is brewing between state regulators and the OCC over fintech licensing
23.12.2020
A major network of state banking regulators is renewing its attack on the OCC's moves to register non-depository institutions
Digital banking: How DeFi can lower costs for everyone
23.12.2020
There’s often talk about how decentralized finance could eliminate the need for traditional banks… but what if DeFi could enhance their digital services?
Traditional banks offer digital asset custody amid compliance legislation
22.12.2020
Compliance and regulations become more important than ever before for banks and traditional institutions that offer support for digital assets
Russia’s second largest bank VTB pilots bank guarantees on blockchain
21.12.2020
Major Russian bank VTB uses a central bank-backed blockchain to issue bank guarantees to local cellular network giant MTS
Traditional crypto custodians ramp up security to accommodate institutional demand
19.12.2020
Offline storage solutions are necessary for traditional custodians and banks supporting digital assets
IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves
18.12.2020
The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition...
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
Malta’s ‘blockchain island’ strategy falters as banks refuse to play ball
16.12.2020
Malta’s plan to become a"‘blockchain island" appears to have stalled, with few retail banks indicating a willingness to work with crypto firms