Tag: Banking
EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms
"The risks of this happening can be increased, for example because of the speed of crypto-asset transfers or because some products contain features th [...]
Industry Input ‘Really Important’ to Stablecoin Rulemaking Under MiCA, EU Banking Officials Say
“We pay high attention to this batch and need also a very good understanding with you, so please seize this public hearing as an opportunity to dialog [...]
European Banking Authority (EBA) to Probe Deeper Into Crypto-Bank Contagion Possibility: FT
Concern over contagion has triggered the need to "dig deeper into the links between banks and other financial firms," José Manuel Campa, EBA chair, sa [...]
HSBC Challenges Fintech Startups Revolut, Wise With New Forex App
HSBC Holdings Plc is set to debut an international payments app aimed at directly challenging the dominance of fintechs like Revolut and Wise Plc that [...]
UK Finance Ministry to Discuss Crypto Banking Woes With Lawmakers
"The U.K., London in particular, has become the global crypto hub, but to make sure that the market really can take off in the way that was intended i [...]
The Tether Killer? A True Stablecoin Would Enhance Banking and Crypto
The serious, potentially fatal flaw with a stablecoin like Tether is the potential for a “run on the bank.” Any stablecoin that invests in anything ot [...]
Conio, Backed by Italian Banks, Partners with Coinbase for Supporting Crypto Banking in Italy
“Conio created the first multisig bitcoin wallet for smartphones in Italy, and we are now enlarging the custody capabilities because Italian banks are [...]
Crypto Firms That Act Like Banks Should Be Regulated Like Them, ECB Official Says
If a crypto firm starts acting like a bank, it should be regulated like one, which won't be easy, said Andrea Enria, chair of the supervisory board at [...]
Oliver von Landsberg-Sadie Quits Crypto Banking Firm BCB Group
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AI Technology Brings Benefits, Risks to the Banking Industry: Bank of America
The industry is highly regulated and has access to a large amount of sensitive data, which means that banks and supervisors will have to be “comfortab [...]
Canadian Regulator Seeks Feedback on Disclosure Rules for Bank Crypto Exposures
The country hopes to align local requirements with those proposed by international banking regulators.
www.coindesk.com [...]
EU Banking Watchdog Issues Draft Liquidity Rules for Stablecoin Issuers
Three consultations on relevant rules will run until Feb. 8, 2024, the European Banking Authority has said.
www.coindesk.com [...]
EU banking watchdog proposes liquidity rules for stablecoin issuers
The aim of the new liquidity guidelines is to ensure that the stablecoin can be quickly redeemed even during turmoil market conditions to avoid the ri [...]
Crypto banking app Bitwala relaunches via new partnership with Striga
European cryptocurrency banking platform Bitwala, formerly known as Nuri, is coming back after ceasing operations and returning customer funds last ye [...]
U.S. Banking Watchdog Hsu Says Tokenization Promising, But Crypto Full of Fraud
Tokenization of assets could be the answer to the risky complexities of settling the movement of funds and securities, said Michael Hsu, the acting he [...]