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Financial institutions in Russia will not be able to communicate with clients through instant messengers based outside the country, local media revealed. A new law passed by the State Duma…
One of the biggest banks in America once again paid a billion-dollar-scaled fine for the illegal treatment of its customers.
An end-of-the-year report from Accenture showed that despite traditional payment methods dominating many markets, consumers are curious about crypto.
The state, a notoriously demanding regulator of the industry, has released detailed guidelines for banks’ applications; some licensed banks may have to play catchup.
The world’s largest financial watchdog, the FSB, plans to roll out regulatory guidelines for crypto in 2023. According to the Financial Times, the FSB intends to set out a timeline…
Blockchains aren’t meant to provide big banks with another venue for imposing new fees on users.
US regulators want to know from the industry on what they think about the financial crimes associated with DeFi.
The Office of the Comptroller of the Currency (OCC) said the digital asset industry was maturing but was “not yet robust” in its risk management.
“FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware,” said Senators Elizabeth Warren and Tina Smith.
The company’s latest initiative will allow users to open up a U.S. dollar checking account with only their name, email, and phone number.