Users can create individually owned and compliant bank accounts and use USDC stablecoins as the default deposit currency.
Revolut to Introduce Crypto Exchange Targeting ‘Advanced Traders’
Digital bank Revolut is set to release a cryptocurrency exchange targeting “advanced traders,” according to an email sent to customers that was seen by CoinDesk.
New York Community Bancorp Shares Tumble After Earnings Miss, 71% Dividend Cut
The bank took over defunct Signature Bank’s non crypto-related deposits last year.
Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report
An unconfirmed report suggests Taurus will provide crypto custodial services to Spanish financial services giant Banco Santander.
Crypto Firms That Act Like Banks Should Be Regulated Like Them, ECB Official Says
But supervision of bank-like crypto firms could be a pain for regulators, said Andrea Enria, chair of the supervisory board at the European Central Bank.
Artificial Intelligence Technology Brings Benefits, Risks to Banking: Bank of America
AI has the potential to improve productivity and enhance bank returns, the report said.
Canadian Regulator Seeks Feedback on Disclosure Rules for Bank Crypto Exposures
The country hopes to align local requirements with those proposed by international banking regulators.
Canadian regulator seeks feedback on crypto asset exposure disclosure requirements
The Canadian Office of the Superintendent of Financial Institutions is following a Basel model for its disclosure requirements.
Santander offers Bitcoin, ETH trading for Swiss account holders: Report
High-net-worth individuals of Santander Private Banking International will have access to trade BTC and ETH, according to a report claiming access to a leaked internal communication.
Hashing It Out: How Web3 is causing an evolution of traditional finance
Sarah Clark, the CEO of E-Gates, believes that traditional finance needs to adopt features of decentralized finance as part of an evolution instead of seeing it as a revolution.
Fiat on-ramps, banking partners crucial for institutional Web3 adoption – European Blockchain Convention
Prominent fiat payment rail services and neobanking platforms are becoming a catalyst to address institutional mistrust in the cryptocurrency sector.
Fiat on-ramps, banking partners crucial for institutional Web3 adoption — European Blockchain Convention
Prominent fiat payment rail services and neobanking platforms are becoming a catalyst to address institutional mistrust in the cryptocurrency sector.
TradFi gets crypto boost: Renegade joins Cointelegraph Accelerator
Cointelegraph Accelerator welcomes Web3-friendly fintech platform Renegade to its program.
‘AI’ takes Collins dictionary word of the year, ‘debanking’ makes shortlist
The Collins dictionary named ‘AI’ word of the year, describing AI-powered language models as “bursting into the public consciousness” and “much talked about” in 2023.
Inspector General wants FDIC to refine crypto risk assessment process, guidance
The bank deposit insurer should assess the sufficiency of its risk mitigation measures and then provide them in a more organized manner, the inspector general found.
Banks’ crypto exposure must be disclosed — BIS’ Basel Committee
The proposed regulations are currently open to the public for comments, and if approved, they will come into effect by Jan. 1, 2025.
Scammers prefer banking customers over crypto investors in Ireland: Report
To date, Irish authorities managed to recover approximately 4 million euros of the 20 million euros lost in banking scams since January 2023.
Hata receives in-principle approval to be fifth Malaysian digital exchange
The new exchange was founded by an executive from Malaysian market leader Luno. It will target investors, businesses, and high-net-worth individuals.
Basel Committee to consider disclosure requirements for banks’ crypto assets
The committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a small number of banks contributed to the March crisis, it said.
Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged
Silvergate Bank transformed from a community lender to a high-flying crypto bank without its Federal Reserve examiners raising an alarm, according to a report from the Federal Reserve’s Office of Inspector General (OIG), allowing the bank to take risks that would turn fatal.