Crypto Banking Platform BVNK Raises $40M to Drive Regulatory Push
BVNK, a banking and payments platform targeting businesses seeking crypto integration, has raised $40 million in Series A funding. Source
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Banking
German banking giant Commerzbank applies for crypto license
One of the largest banking institutions in Germany has confirmed it applied for a local crypto license earlier this year, marking the first time a major bank has made a move toward cryptocurrencies in the country.A spokesperson from Commerzbank confirmed to local media outlet Börsen-Zeitung on April 14 that it
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Chinese Banking Associations Target NFTs
China's Internet Financial Association, the China Banking Association and the China Securities Association want to "resolutely curb" the tendencies of non-fungible tokens (NFTs) to be made into financial products and securitized and to limit the risk of illegal financial activities related to the tokens, the group said in a statement
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First Mover Asia: What’s in HSBC’s Metaverse Fund for Hong Kong, Singapore Private Banking Clients?; Bitcoin Declines
The financial services giant has been short on specifics, and the mystery underscores the difficulties in defining what belongs in such products; ether also falls. Original Source
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HSBC Starts Metaverse Fund for Private Banking Clients in Asia
The Metaverse Discretionary Strategy aims to capture growth opportunities globally from the development of the metaverse ecosystem. Original Source
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Metaverse May Be Worth $13 Trillion By 2030, US Banking Giant Citi Says
Citi is the latest banking behemoth to give an optimistic forecast for the metaverse, which envisions the internet’s future as a collection of decentralized technology and virtual environments. According to the New York-headquartered global investment bank, the metaverse economy may be worth up to $13 trillion by 2030. While some remain suspicious
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FTX Invests $100M in Banking App Dave, Forms Partnership for Crypto Payments
Dave (DAVE), a publicly traded banking app, has made a strategic partnership with FTX US, the stateside arm of cryptocurrency exchange giant FTX. The company also received a $100 million investment from FTX Ventures, the exchange’s $2 billion venture capital fund. Source
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US Banking Giants Goldman Sachs and JPMorgan Wind Down Business in Russia – Finance Bitcoin News
Global investment banks Goldman Sachs and JPMorgan Chase are winding down business in the Russian Federation. The move comes as western sanctions against Moscow over its decision to launch a military invasion of Ukraine continue to expand, supported by leading financial institutions. Goldman Sachs and JPMorgan Scale Down Russian Operations Goldman Sachs
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Global council adds DeFi banking firm Scallop to help secure payment data
A council formed by traditional finance conglomerates American Express, Discover, Visa and Mastercard welcomes a decentralized finance (DeFi) banking firm to its participating organizations that help improve payment data security worldwide.Scallop, a regulated DeFi banking app recently announced its entry to the PCI Security Standards Council (PCI SSC), a global
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Adoption of CBDC Will Not Materially Affect the Banking System – Fintech Bitcoin News
Israel’s central bank says the public’s adoption of the digital shekel is not expected “to materially affect the banking system.” The bank, however, warns that any issuance of such digital currency will likely result in a decline of the volume of the public’s deposits. Increase in the Banking System’s Interest
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