Kraken Hits Key Milestone in Quest to Gain Fed Account, Equal Treatment With Traditional Banks
Kraken Hits Key Milestone in Quest to Gain Fed Account, Equal Treatment With Traditional Banks Source
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DBS CEO Sees Crypto as an Alternative to Gold — Says Central Banks Globally Should Regulate Cryptocurrencies – Regulation Bitcoin News
The CEO of Southeast Asia’s largest bank, DBS, says cryptocurrency “can be an alternative to gold.” He added that regulating crypto “out of the formal banking system is an unwise thing to do.” DBS’ CEO on Cryptocurrency and Regulation DBS Bank Group CEO Piyush Gupta talked about cryptocurrency and its regulation at
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Russian Banks Told to Track Crypto-Related Transactions Amid Currency Restrictions – Finance Bitcoin News
Bank of Russia has recommended commercial banks pay heightened attention to their clients’ transactions related to cryptocurrencies. The regulator requires the financial institutions to monitor such activity against the backdrop of restrictions on currency operations amid western sanctions. Monetary Authority Urges Banks to Control Spending Linked to Crypto Assets The Central
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Qatar exploring digital banks and central bank digital currencies
The Qatar Central Bank (QCB) is reportedly investigating the possibility of launching a digital currency and issuing digital bank licenses. According to the head of the fintech section at QCB, Alanood Abdullah Al Muftah, the central bank is expected to set a direction for its future focus soon on a range
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Binance CEO Says Firm Is Looking Into Buying Banks and Payment Processors in Brazil
The company will seek to strengthen its presence in the Latin American country and comply with local regulations, according to Changpeng “CZ” Zhao. Original Source
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Open-Source Bitcoin Banks’ Fee Structures For Inbound Liquidity
In the Lightning Network, inbound liquidity is a precious resource. The Galoy Research team detected an irregularity, and, trying to fix it stumbled into a whole business model. Their elegant solution transforms a problem into dollars, which is remarkable. This case reads like a detective novel. Let’s dive in. Related Reading
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Justice Department Will Prosecute Banks, Crypto Exchanges That Help Russians Hide Assets: Report
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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USDF Stablecoin Consortium Adds 3 More Banks
“The increase in membership is a testament to the Consortium’s ability to provide in-depth guidance and connect banks with turn-key technology solutions as well as the transformative role that blockchain payment rails can play in financial services,” Ashley Harris, chair of the USDF Consortium, said in a statement. Source
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US Virginia Senate allows state banks to offer crypto custody services
The Senate of Virginia in the United States unanimously approved a bill amendment request that now allows traditional banks operating in the Commonwealth of Virginia to provide virtual currency custody services. Delegate Christopher T. Head introduced the bill (House Bill No. 263) back in January 2022, seeking an amendment to allow
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EU will cut off 7 Russian banks from SWIFT, with ordinary Russians facing consequences
On Wednesday, the European Union announced that within 10 days, it intends to remove seven Russian banks from the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, messaging system.The list of sanctioned banks includes Russia’s second-largest bank, VTB Bank, alongside Bank Otkritie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank and VEB. Without access to
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