Critical Development in the United States: Banks will be able to make crypto money transactions!
FDIC will allow banks in the country to manage crypto currencies and offer deposits without prior regulatory approval.
JPMorgan Renames Blockchain Platform to Kynexis, to Add On-Chain FX Settlement for USD, EUR
The banking giant was one of the early leaders in applying blockchain tech to traditional financial activities, executing over...
Taiwan Completes Wholesale CBDC Technical Study, Central Bank Official Says
The focus is now on gathering feedback and improving a platform design, according to Deputy Governor Chu Mei-lie.
Bitcoin Wallet Conio, Coinbase Team Up to Bring Crypto to Italian Banks
Conio is also looking at tokenization, and is involved in the Euro Token project overseen by the innovation center...
Basel Committee Seeks to Consult on Stablecoins Risk Treatment
Regulators have been looking to regulate crypto and mitigate against the risks posed by banks exposure to crypto.
Asset Tokenization on Blockchains Could Increase Systemic Risks: BOE
Banks are becoming more positive about using crypto technologies for the tokenization of money and assets, the BOE said.
JPMorgan’s Jamie Dimon and Sen. Elizabeth Warren Team Up to Bash Crypto
The CEO of the powerful Wall Street bank would prefer canceling crypto, though JPMorgan is using intrinsically related blockchain...
UK Lawmakers Urge Lower Digital Pound Holding Limits
They also want the government to tweak plans to make sure the CBDC’s design won’t preclude the possibility of...
Santander Selects Crypto Custody Firm Taurus for Safeguarding: Source
Santander Private Bank last week said it was offering bitcoin and ether trading for clients with accounts in Switzerland.
Crypto Firms That Act Like Banks Should Be Regulated Like Them, ECB Official Says
But supervision of bank-like crypto firms could be a pain for regulators, said Andrea Enria, chair of the supervisory...
Central Bank Project Shows CBDC Payments Can Be Private
The BIS project is a first step in exploring privacy, security and scalability for central bank digital currency design,...
Fiery Public Hearing on Digital Euro Sees Experts Diverge on Key Issues
Expert witnesses answered lawmaker questions on holding limits, impact on banking systems and privacy for an EU central bank...
Central Banks Have No Interest in Personal Data, BIS Official Says While Promoting CBDCs
The Bank for International Settlements has been calling on countries to prepare for CBDCs as governments face backlash over...
Digital Euro Can End Bank Crises, Is Better Than Deposits, Ex-Bank of Spain Chief Says
A central bank digital currency (CBDC) could also be used to deregulate banking activities and help the banking sector...
Standard Chartered China Offering Exchange Services for Digital Yuan
The bank will give customers access to the digital RBM's interconnection platform, offering recharge and redemption.
Fed Likely to Be Most Dovish Central Bank in 2024, Research Shows
Traders expect the Fed to cut rates by 100 basis points next year, weakening the dollar and incentivizing risk-taking...