Cryptocurrency Analysis and News Portal
Under the proposals, which would take effect in 2025, “banks would be required to disclose qualitative information on their activities related to cryptoassets and quantitative information on exposures to cryptoassets and the related capital and liquidity requirements,” said the committee, which is linked to the Bank for International Settlements, a
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This strategic investment, totaling around $65 million, translates to approximately 0.01 percentage point in each bank. The impact on the market was immediate and substantial, with shares of these major banks soaring between 2.43% and 4.73% in the early hours of Thursday. China’s sovereign wealth fund, Central Huijin Investment Ltd, has
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Bitstamp is negotiating with major European banks to offer cryptocurrency services, fueled by optimism over the EU’s forthcoming MiCA regulations. Bitstamp, one of the oldest cryptocurrency exchanges, is negotiating with three leading European banks to provide cryptocurrency services. This initiative aligns with the imminent European Union regulatory structure, known as Markets
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Bitstamp has gotten a lot of interest in Europe for the exchange’s relatively new Bitstamp-as-a-service offering, a white-label licensing and technology combo designed to help banks and fintech firms offer crypto buying and selling, said Robert Zagotta, the Luxembourg-based company’s global chief commercial officer and CEO of its U.S. division. Source
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The fallout from the banking crisis earlier this year continues as the Basel Committee on Banking Supervision considers requiring banks to disclose their crypto asset holdings. The committee, which operates under the aegis of the Bank for International Settlements, identified holding crypto as one of the factors that led to
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International regulators propose new transparency measures for banks’ crypto asset exposures, following a tumultuous year marked by banking disruptions linked to digital currencies. With the sudden growth and popularity of cryptocurrencies like Bitcoin (BTC) and Ether (ETH), international regulators are now turning their attention towards the disclosure of these assets by
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Signature Bank, the New York financial institution that shuttered on March 12, “failed to understand the risk of its association with and reliance on crypto industry deposits,” and executives didn’t acknowledge that fears over crypto instability might also encourage other customers to withdraw funds, the report said. Original Source
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A common argument made in favor of central bank digital currency (CBDC) is that it could boost financial inclusion. The nuances of how to accomplish that goal, or even what “financial inclusion” means, remain to be explored, a Bank of Canada discussion paper said. It concluded that central banks will
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Rather than attempting to disrupt banks and other traditional payments systems, these high-profile blockchain developers are looking to court their business. Original Source
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The Bank of Korea (BOK), is launching a pilot project in collaboration with the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) to explore the implementation of a central bank digital currency (CBDC). The primary objective of this pilot is to assess the practical aspects of a wholesale
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