The Federal Reserve Board has rejected Custodia Bank’s application to become a member of the Federal Reserve System. In its announcement, the Fed stated that …
Fed denies Custodia Bank application to join the Federal Reserve System Read More »
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter …
European Union lawmakers have voted to impose strict capital requirements on banks that hold cryptocurrencies, per a Reuters article. In an effort to “prevent instability …
The major US banks, including Bank of America, JP Morgan Chase, and Wells Fargo are planning to introduce a new system that uses a digital …
Crypto Wallets On Crosshair of Major Banks As They Take On PayPal, Apple Pay Read More »
The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish …
The United States Federal Home Loan Banks System (FHLB) is lending billions of dollars to two of the largest cryptocurrency banks in an effort to …
U.S. home-loan banks lent billions of dollars to crypto banks: Report Read More »
Moonstone Bank, a rural Washington state bank that received an estimated $11.5 million investment from FTX’s sister company, Alameda Research, has announced today that it …
FTX-linked Moonstone bank to exit the crypto space Read More »
Financial regulators in Japan have urged global regulators to treat crypto the same way as they do banking, calling for tougher rules for the sector. …
Japanese regulators want crypto treated like traditional banks Read More »
Bank of Thailand (BOT) has disclosed plans to allow virtual banks to operate in the country for the first time. Financial firms will be able …
Bank of Thailand to allow first virtual banks by 2025 Read More »
The last year proved to be another turbulent year for the crypto industry. From a lasting market downturn and exploits in decentralized finance (DeFi) to …
New York-based bank exits crypto after tumultuous year Read More »
