Crypto distribution is uneven among banks as prudential exposure rises: BIS report
One bank accounts for almost 62% of all crypto-asset prudential exposure, and almost two-thirds of banks holding crypto are in the Americas.
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One bank accounts for almost 62% of all crypto-asset prudential exposure, and almost two-thirds of banks holding crypto are in the Americas.
The joint statement highlighted the key liquidity risks associated with crypto-assets and related participants for banking organizations.
The Federal Reserve Board has denied the request from crypto-focused Custodia Bank to reconsider its membership to the Federal Reserve System.
The Binance CEO contradicted a Bloomberg source concerning reducing the company’s activities after increasing pressure from U.S. regulators.
The bank applied for the application in 2019 and sued the Fed in an attempt to speed up the decision.
Senator Elizabeth Warren claims the Trump Administration “gave a green light” to a cryptocurrency market full of junk tokens, rug pulls and Ponzi schemes.
According to allegations, the company and its executives knowingly misled investors with positive statements despite accusations involving money laundering and tanking share prices.
The Metropolitan Bank Holding Corp, the holding company for Metropolitan Commercial Bank, says it’s completely exiting its crypto-asset-related vertical.
According to the company, it produced 475 BTC in December 2022, bringing its total mined Bitcoins in the fiscal year of 2022 to 4,144 BTC.
The Fed, FDIC and OCC teamed up to wish the banks they regulate a FUD-filled new year with a warning about the risks associated with crypto assets and their efforts…