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The Minneapolis-based bank with over $685 billion in total assets has renewed its Bitcoin custody services for institutions. Following a 3-year pause, now in a more crypto-appreciative environment, this is…
Banks in the United States are lobbying to change new stablecoin regulations under the GENIUS Act, fearing massive deposit outflows as crypto exchanges gain a competitive advantage in offering yield…
The White House order will involve banks being fined if they drop customers for political reasons or discriminate against digital asset firms and organizations. The executive order directs bank regulators…
TL;DR Federal regulators say banks can offer crypto custody, but only with strong risk controls in place. Reputational risk is no longer a factor, opening doors for crypto-bank partnerships. OCC,…
Standard Chartered has become the first internationally recognized financial heavyweight to launch direct spot trading for Bitcoin and Ethereum. The offering positions the UK-based institution at the forefront of regulated…
“Bitcoin has effectively cornered the world’s central banks, and there is no way out,” said author Adam Livingston on July 9. He added that the banks face an “unprecedented challenge,”…
The Bank of New York Mellon Corporation (BNY Mellon) continues to serve as a global partner for different cryptocurrency-related initiatives, and the latest involves Ripple and its recently launched stablecoin.…
The US Federal Reserve Board stated on Monday that it is eliminating “reputational risk” as a supervisory tool for banks. The move could potentially open the digital doors for crypto…
America’s biggest banks, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and others, are in early discussions about creating a joint stablecoin to compete with the crypto industry, according…
“I do think it would be helpful if there were a greater regulatory apparatus around crypto,” the US central bank chair said at the Federal Open Market Committee press conference…