The United States Federal Reserve Board announced on Jan. 27 that it was issuing a policy statement regardin limitations on banks. The policy seeks to create a level playing field and limit regulatory...
Tag: Bank
JPMorgan CEO Says BTC Is Fraudulent, a ‘Pet Rock;’ Bank of America Says CBDCs Are ‘Natural Evolution’ — Bitcoin.com News Week in Review – The Weekly Bitcoin News
JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, recently calling it a “hyped-up fraud,” and a “pet rock.” For it’s part, Bank of America has said that it views central bank...
Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin News
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the di...
Governor of Irish Central Bank Proposes Ban on Crypto Ads
55 mins ago | 2 mins read Bitcoin News Makhlouf allegedly urged banning cryptocurrency advertising to minors. The Central Bank of Ireland published a consumer advisory in March 2022. Some governing bo...
Bank Of China Ex-Policy Advisor Says Crypto Lacks Intrinsic Value
A former member of the People’s Bank of China’s monetary policy committee explained why China banned crypto. Huang Yiping said Bitcoin lacks actual value and is more of a digital asset than a currency...
Ghanaian and Nigerian Central Bank Open Respective Regulatory Sandbox Application Processes – Fintech Bitcoin News
The Ghanaian and Nigerian central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications. The Bank of Ghana said its sandbox w...
Silvergate Bank Suspends Dividend Payments to Preserve Liquidity
Silvergate, a cryptocurrency bank located in California, has temporarily halted dividend distributions in order to protect its “very liquid balance sheet.” The company declared on January ...
Coinbase Fined $3.6 Million By Dutch Central Bank
The Dutch central bank, De Nederlandsche Bank (DNB), has fined cryptocurrency exchange Coinbase $3.6 million over its failure to obtain the necessary registration before offering its service to Dutch ...
Dutch Central Bank Fines Coinbase €3.3 million
The Dutch central bank imposed a fine of €3.3 million on the US-based leading crypto exchange Coinbase. As per a report, the De Nederlandsche Bank (DNB) announced that Coinbase did not follow a certai...
Fed denies Custodia Bank application to join the Federal Reserve System
The United State Federal Reserve Board has rejected Custodia Bank’s application to become a member of the Federal Reserve System. In its announcement, the Fed stated that the application was “inconsis...
Fed denies Custodia Bank Federal Reserve System access
Custodia Bank has expressed its disappointment with the dismissal of its request to join the Federal Reserve System. The Fed denied the institution’s application citing that the application did not co...
The Central Bank of Saudi Arabia is Discussing CBDC
Saudi Arabia’s central bank is working on new plans to introduce Central Bank Digital Currency (CBDC) in the Islamic nation. Several major economies are developing laws and regulations to introduce th...
Crypto-Friendly Bank, Silvergate, Suspends Dividend Payouts
Silvergate, a California-based crypto bank whose shares are listed on the New York Stock Exchange, is suspending dividend payout to remain highly liquid as the digital currency market tries to pull it...
FTX linked bank Silvergate suspends dividend
Silvergate, a bank favored by Sam Bankman-Fried, recently announced the suspension of a preferred stock dividend. Suspension of Series A preferred stock dividend In a recent press statement, Silverg...
Federal Reserve denies membership to crypto adjacent bank Custodia
The Federal Reserve Board on Jan. 27 denied an application by Custodia Bank Inc. to become a member of the Federal Reserve System. The move comes amidst increasing regulatory scrutiny from the highest...
Dutch Central Bank Fines Coinbase $3.6M for Non-Compliance
The Dutch central bank has fined the European branch of crypto exchange Coinbase €3.3 million ($3.6 million) for failing to meet registration requirements before offering its services in the Netherlan...
Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases – Fintech Bitcoin News
Saudi Arabia’s central bank digital currency (CBDC) experiment, which is being carried out in conjunction with local banks and fintechs, is presently focused on domestic wholesale uses cases, the cent...
Binance, Bank to the Future among secret bidders of Celsius assets – Tiffany Fong
Crypto journalist Tiffany Fong has named five crypto firms, including Binance, Bank to the Future, and Galaxy Digital, as secret bidders of bankrupt Celsius Network’s assets. In a Jan. 26 substack pos...
Irish Central Bank Crypto Ponzi Urges Ban Advertisements
In the past, the Irish Central Bank has been critical of crypto and digital assets. Ireland’s Central Bank governor, Gabriel Makhlouf, has now urged lawmakers to ban crypto advertisements. According t...
My Bank Closed My Account. What Do I Do Now?
SmartAsset: Why Your Bank Closed Your Account and What to Do Having a bank account closed can be inconvenient, especially if you didn’t see it coming. But why would a bank close your account? The shor...
Irish Central Bank head wants crypto ad ban
The head of the Central Bank of Ireland, Gabriel Makhlouf, has advocated for a ban on cryptocurrency-related advertising. Cryptocurrency ads associated with ‘ponzi schemes’ Makhlouf believes that inv...
Dutch Central Bank Imposes $3.6 Million Penalty on Coinbase
10 hours ago | 2 mins read Exchange News The authorities claim the centralized exchange did not follow the rules. The exchange offered crypto services in the Netherlands without being registered. The ...
Dutch Central Bank Smacks Coinbase With $3.6M Fine For Lack Of Registration ⋆ ZyCrypto
Advertisement     The Dutch central bank has slammed Coinbase with a 3.3 million euros ($3.6 million) fine after finding the U.S-based exchange guilty of not meeting r...
Coinbase Slapped With a $3,620,000 Fine by Dutch Central Bank Over Non-Compliance
The Central Bank of the Netherlands (DNB) is hitting prominent crypto exchange platform Coinbase with a multimillion-dollar fine for failing to comply with its guidelines. In a new press release, the ...
Bank earnings are in. Wells Fargo, Morgan Stanley still our favorites
With all the major investment and money center banks having now reported fiscal fourth-quarter earnings, we compiled the results to compare how our Club holdings, Wells Fargo (WFC) and Morgan Stanley ...
Coinbase Fined $3.6 Million by the Dutch Central Bank (Report)
The central bank of the Netherlands – De Nederlandsche Bank (DNB) – reportedly fines Coinbase 3.3 million euros ($3.6 million) for failing to comply with local rules. The exchange recently announced i...
Coinbase disagrees with almost $4M fine from Dutch central bank
Dutch central bank De Nederlandsche Bank (DNB) has announced a €3,325,000 ($3.6 million) fine imposed on crypto exchange Coinbase for operating unregistered in the Netherlands for two years, resulting...
Dutch central bank slaps Coinbase with €3.3m fine – Cryptopolitan
The Dutch central bank (DNB) has imposed a fine of €3.3 million ($3.6 million) on U.S based cryptocurrency exchange Coinbase for providing services in the Netherlands without proper registration. The ...
SAMA is Ramping Up Its Research into Central bank digital currencies
The Saudi Arabian Monetary Authority (SAMA) is stepping up its investigation into central bank digital currencies (CBDCs), although it has not yet disclosed any plans to implement such a currency. The...
Prosecutors Find Out SBF Held $50 Million in Tiny Rural Bank
Approximately $50 million was seized from Bankman-Fried’s Farmington State Bank account. The bank was the US’s 26th-smallest out of around 4,800, before Bankman-Fried had invested in it. Alameda Resea...