Jordan Peterson Sparks Debate On How Bitcoin Can Solve Major Banking Problem
The flagship cryptocurrency, Bitcoin, was created with the goal of disrupting the traditional financial system. In support of this, Best-selling Author and
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Banking
Hong Kong central bank warns against crypto firms using banking terms
The Hong Kong Monetary Authority (HKMA), the special administrative region’s central bank, has issued a warning to users that crypto businesses presenting themselves as banks and using banking terminology could be violating the region’s banking laws. In a press release, the HKMA said that the use of certain banking terms may
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ANZ Takes Lead in Australia’s Banking Sector with A$DC Stablecoin
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) might provide a lasting solution to the challenge posed by blockchain fragmentation. In a recent development, the Australia and New Zealand Banking Group (ANZ), one of Australia’s major banks, is taking significant steps toward the launch of its bank-issued stablecoin A$DC. This move follows a successful
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Banking Powerhouse HSBC Working With Crypto Custody Firm Fireblocks: Sources
However, the bank remains somewhat cautious of crypto, at least publicly; back in July, HSBC-owned Hang Seng Bank, also in Hong Kong, said that while licensed crypto companies can open a bank account, they’ll only be able to get a “simple” one. Source
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Coinbase (COIN) Is Talking With Canadian Banking Giants to Promote Crypto
In an interview with CryptoX, Lucas Matheson, the director of Coinbase’s Canada operations, said that he’s been having conversations with Canada’s tier one banks. He didn’t identify them by name, but Canada’s largest banks are collectively known as the Big Five: Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova
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Binance.US taps MoonPay as banking alternative to regain USD ramps
Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. Dollar-pegged stablecoin Tether (USDT) to useon its platform. In an Aug. 22 statement, the crypto exchange announced that USDT was being adopted as the new “base
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FDIC highlights potential banking risks from crypto activities
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In this year’s review, the FDIC evaluates the potential implications and challenges of integrating crypto activities into the traditional US banking framework. In its 2023 annual risk review, the US Federal Deposit Insurance Corporation (FDIC) dedicated
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New FDIC Crypto Warning Underlines U.S. Banking Agencies’ Arm’s-Length Policy
The report makes no new policy, and it adds to the consistent view from U.S. banking agencies – including the Office of the Comptroller of the Currency and the Federal Reserve – that banks should mostly keep their distance from digital assets, unless their federal regulators are comfortable with the
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Kansas Heartland Tri-State Bank closed by FDIC as banking crisis deepens
The ongoing crisis surrounding the U.S. banking system struck again as Heartland Tri-State Bank of Elkhart was closed on July 29 by the Kansas Office of the State Bank Commissioner, with the Federal Deposit Insurance Corporation (FDIC) taking control. On July 31, the four branches of Heartland Tri-State Bank will reopen
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US banking advocacy group support Sen. Warren’s reintroduced crypto bill
United States banking advocacy group, Bank Policy Institute, has backed Senator Elizabeth Warrens’ legislation aimed at tackling financial crime, which she first introduced several months ago.According to a July 28 Bloomberg report, Warren reintroduced the bill – titled 'Digital Asset Anti-Money Laundering Act of 2023' – on July 28, along with West
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