Cross River Bank Brings Ripple’s RLUSD Into Traditional Banking
On Thursday, a spokesperson for Cross River Bank told Bitcoin.com News that it is teaming up with Ripple to make it easier for businesses to send money using Ripple’s dollar-backed…
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CZ Takes Aim at Bank of America Over $1.21 Billion AML Penalty
Binance founder Changpeng Zhao (CZ) took a swipe at Bank of America on Wednesday after the banking giant was slapped with more than $1.21 billion in federal penalties for anti-money…
OCC Blows Lid Off Debanking Practices at America’s 9 Bank Giants
America’s largest national banks face fresh scrutiny after federal regulators discovered that all nine maintained policies that could restrict financial services based on political beliefs, religious affiliations, or lawful business…
Standard Chartered Brings Bitcoin Trading and Custody to Affluent UAE Clients
On Wednesday, the banking giant managing nearly $1 trillion in assets, Standard Chartered, revealed it is making new moves inroads in the United Arab Emirates (UAE). The bank explained that…
Kraken’s Parent Company Moves to Acquire a Bank in Europe
Kraken’s parent company, Payward, is buying its way into European banking, striking a deal to acquire Lithuania-licensed Saldo Bank and its five-market footprint. The purchase would bring deposit accounts, lending,…
BNY Brings 24/7 Dollar Settlement to Singapore Gulf Bank
Singapore Gulf Bank has expanded round-the-clock U.S. dollar settlement through BNY, allowing eligible payments to clear during weekends and U.S. public holidays. For crypto markets, the move is notable because…
Credit Unions Could Face 26 New Stablecoin Reporting Fields
Credit unions involved with stablecoins could face 26 new federal reporting fields covering custody, issuer exposure, and their own holdings. The proposal seeks more detailed supervision as community institutions explore…
Banking Giant Standard Chartered Expands Crypto Custody to Singapore
Standard Chartered is preparing to bring institutional crypto custody to Singapore, expanding its digital asset operations into another major financial center. Announced on Thursday, the proposed service would cover selected…
From Bitcoin Mining to Global Banking, Bhutan Eyes Abu Dhabi
On Thursday, DK Bank, Bhutan’s fully digital bank, announced it had secured preliminary regulatory approval to establish a financial services presence in Abu Dhabi, United Arab Emirates. The development marks…
JPMorgan Lends Its Expertise to Solana’s Atomic Settlement Program
On Tuesday, the Solana Foundation revealed an open-source escrow program called Solana DvP, calling it an “atomic settlement program built for financial institutions.” The foundation explained that the largest bank…
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