Ripple CEO compares Wells Fargo billions mismanagement with FTX collapse
One of the biggest banks in America once again paid a billion-dollar-scaled fine for the illegal treatment of its customers.
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Consumers are crypto-curious —one in five own digital currency: Accenture
An end-of-the-year report from Accenture showed that despite traditional payment methods dominating many markets, consumers are curious about crypto.
New York State issues guidance for banks seeking to engage in activities with 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.
FSB to Treat Crypto Companies The Same as Banks
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…
What Goldman Sachs’ CEO misunderstands about private blockchains
Blockchains aren’t meant to provide big banks with another venue for imposing new fees on users.
US regulator seeks feedback on DeFi’s impact on financial crime: Finance Redefined
US regulators want to know from the industry on what they think about the financial crimes associated with DeFi.
Approach with caution: US banking regulator’s crypto warning
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.
US lawmakers question federal regulators on banks’ ties to crypto firms
“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.
Fintech Company ZELF launches anonymous Visa debit card with crypto recharge
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.
Japan’s Sumitomo Mitsui to issue soulbound tokens to explore Web3
Japan’s financial giant Sumitomo Mitsui Financial Group is experimenting with soulbond tokens to satisfy new social needs.
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