Tag: Banking
European Banking Authority calls for early adoption of stablecoin standards
In advance of required regulations that are expected in a year, the banking watchdog for the European Union asked stablecoin issuers to voluntarily fo [...]
Stablecoin Issuers Urged to Anticipate EU’s MiCA Rules by Banking Agency EBA
Issuers of e-money tokens tied to fiat currency and of asset-reference tokens linked to other products such as gold should start adhering to MiCA’s “h [...]
Gaining speed on tokenization is vital for UK’s financial future, banking group warns
Advocacy group UK Finance is urging the British government to encourage securities tokenization. The market is small now, but the future stakes are hi [...]
Why Tokenized Assets Are Safer Than Banks During a Banking Crisis
Born and raised in Greece to Lebanese parents, and now living in Cyprus, I’ve paid for the failed risk governance of banks on this island (2013), the [...]
Federal Reserve’s banking bailouts reach a new weekly high of $103B
The American central bank’s emergency fund for embattled banks has seen its highest level of distressed asset redemptions since its inception three mo [...]
Banking is ‘slowly dying’ — Former TradFi execs on reasons for joining crypto
Despite plenty of regulatory action in the United States and an ongoing crypto winter, former TradFi executives, now in crypto, said there’s no desire [...]
Tether’s Banking Relationships Detailed in Newly Released Legal Documents
On March 31, 2021, Tether claimed it had more than $35.5 billion in U.S. dollar equivalents at these institutions, according to the documents. They we [...]
Hong Kong as Crypto BTC Hub? The City’s Strict Banking Requirements May Be an Obstacle
"The city’s digital assets regulation is overall friendly and encourages banks to work with crypto companies, however, banks still currently have stri [...]
Hong Kong govt pressures banking giants to accept crypto clients: Report
The Hong Kong Monetary Authority (HKMA), which serves as the region's central bank and regulator, has reportedly put pressure on major banks including [...]
Blockchain Australia Denounces Recent Banking Restrictions on Crypto Payments
“The recent decision by banking institutions to restrict millions of their customers from making payments to cryptocurrency exchanges represents a pro [...]
Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow banking’
Reginald Fowler, a former NFL team owner, has been sentenced to six years of prison for operating as a “shadow bank” to the crypto sector, which invol [...]
Apple and Goldman Sachs Don’t Trust Their New Banking Customers
The absurdity of this is layered and nuanced, like a souffle of clumsy, anti-customer banking practices. One trigger for such a bank security review, [...]
EU’s Banking Regulator Highlights AML Risks in Crypto Privacy Coins, Self-Hosted Wallets
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Bitcoin Trades at a 20% Discount on Binance Australia Following Banking Issues in the Country
The exchange halted Australian dollar bank transfers early May.
www.coindesk.com [...]
Revolut launches business offering in Australia, seeks banking license
Crypto-friendly fintech firm Revolut has launched international payments-focused business accounts for clients in Australia, as it reportedly works to [...]