American Regulators Open For US Banks To Offer Cryptocurrency Custodial Services – Blockchain News, Opinion, TV and Jobs
The United States Office of the Comptroller of the Currency (OCC) has swung open the doors to allow
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Banks
Bitcoin Price Can Hit $20K When US Banks Invest 1% of Assets — Analyst
Bitcoin (BTC) will pass $20,000 if United States banks invest even 1% of their assets, one analyst believes.Discussing institutional uptake of Bitcoin on July 23, Capriole digital asset manager Charles Edwards said that it was “not hard to see” the unfolding trend.“Not hard to see where this is going”“If US
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Why Regulators Allowing US Banks to Hold Bitcoin Is So Positive for Crypto
On Wednesday, the Bitcoin and crypto market was treated with positive news from U.S. regulators. The Office of
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US Banking Regulator Greenlights Crypto Custody at Federally Chartered Banks
Per a July 22 announcement shared with Cryptox, the Office of the Comptroller of the Currency (OCC) is granting permission to federally chartered banks to custody cryptocurrency.The future of banking with crypto on boardThis issue has seen much skepticism, given that crypto wallets do not resemble the custody requirements of
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As US Banks Running Out of Coins Bitcoin Keeps On Chugging Along
The U.S. economy is experiencing a shortage of coins. With this in mind, the Community State Bank, or CSB, of Milwaukee is offering a five percent premium to customers who turn in coins to one of its locations. Meanwhile Bitcoin (BTC) is not expected to run out of Satoshis anytime
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Why Banks Keep Blocking Cryptocurrency-Related Transactions
The COVID-19 crisis has brought many new users to the world of cryptocurrencies. One of the main concerns for users, however, is whether their bank cards may be blocked due to the purchase of a cryptocurrency, or when withdrawing funds from a crypto account. Can this risk be prevented?Since the
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Dalio Says Capital Markets Are ‘Not Free‘ as Central Banks Drive Economy
Ray Dalio, the billionaire hedge fund manager and founder and chief investment officer of Bridgewater Associates, believes capital markets are no longer free.Speaking to Bloomberg, Dalio said markets have changed a lot so central banks like the Federal Reserve no longer act within the confines of the traditional economic system.“There
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Public Mint Launches, Announces 200 Banks Are On Board
Public Mint launched its ‘fiat-native’ public blockchain on July 1 following two years of development.The platform comprises a blockchain for the tokenization of fiat currencies that are held in the accounts of insured and regulated fiat custodians — essentially comprising a stablecoin backed by a network of banks.Public Mint claims
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Indian Banks Act Slow to Accept Crypto Industry Despite RBI’s Approval
The repeal of a blanket ban on cryptocurrencies in March by India’s central bank, the Reserve Bank of India, has been a boon to the thriving crypto industry in India — with the launch of new exchanges being a catalyst. This is despite the country being one of the most severely
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Bitcoin-Friendly Top US Banking Regulator Aims to Solve Banks’ Problems With Decentralization
The new top banking regulator for the Trump administration sees “huge and great promise” in cryptocurrency. Focusing on decentralized networks, bitcoin, and rewriting existing regulations, he shares his views on cryptocurrency and the creation of the digital dollar.Top US Banking Regulator Is Pro-CryptoBrian Brooks recently became the new acting
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