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Economist Peter Schiff publicly broke with JPMorgan CEO Jamie Dimon on June 7, arguing that stablecoin issuers should not be held to the same capital and compliance standards as banks.…
Popular crypto analyst EGRAG CRYPTO has claimed that banks are fighting stablecoins not because they are risky, but because they allow people to hold, move, and potentially earn returns on…
U.S. banks are increasingly at risk of losing deposits to the digital assets space as stablecoins continue to gain traction. The concern comes amid growing stablecoin adoption, with the total…
Federal Reserve Governor Chris Waller announced the central bank is proposing a new type of limited-access master account for all eligible institutions to receive direct access to the Fed’s payment…
Qatar National Bank (QNB), the country’s largest lender, has adopted JPMorgan’s Kinexys Digital Payments platform to process U.S. dollar corporate transactions. This makes it the first bank in Qatar to…
The Turkish government is drafting legislation to expand the powers of its financial crime watchdog, Masak, allowing it to freeze and restrict access to bank and cryptocurrency accounts. The bill…
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,…