“This decision follows a careful review by the Board of Directors and management and reflects recent developments in the crypto-asset industry, material changes in the regulatory environment reg...
Tag: Bank
How Much Will Bank Stocks Move On Earnings? Draw Estimates With Option Prices
Earnings season kicks off this week with banks starting to report earnings on Friday before the market opens. X We have Citigroup (C), Bank of America (BAC), Wells Fargo (WFC), JPMorgan Chase (JPM) an...
Latest Major US Bank To Pull Out Of Crypto Services
Join Our Telegram channel to stay up to date on breaking news coverage Metropolitan Commercial Bank is leaving the cryptocurrency space because of “recent developments.” The move comes amid an intense...
New Nigerian Central Bank Document Discusses Regulation of Stablecoins and ICOs – Bitcoin News
According to a recently unveiled document, the Nigerian central bank will in the future be open to developing a regulatory framework for potential implementations of stablecoins. The document also dis...
Metropolitan Bank heads for the exits following tough crypto winter
As the crypto winter rages on, Metropolitan Bank Holding (MCB), one of the earliest institutional investors in the digital assets space, says its closing out its crypto-related businesses. Metropolita...
US commercial bank closes crypto service over regulatory concerns
Metropolitan Commercial Bank has announced that it will be closing down its crypto business due to the regulatory environment. Uncertainty for banks The New York-based bank, which has been offering cr...
Metropolitan Bank Is Fleeing Crypto. Bitcoin Investors Should Be Worried.
Metropolitan Bank Holding (ticker: MCB), one of the earliest banks to delve into digital assets, says it’s closing out the part of its business that catered to crypto firms. It’s a development that sh...
New York-based bank exits crypto after tumultuous year
The last year proved to be another turbulent year for the crypto industry. From a lasting market downturn and exploits in decentralized finance (DeFi) to the FTX scandal, no area was left unscathed. F...
Metropolitan Bank no longer wants anything to do with crypto
According to a press release issued by the New York-based Metropolitan Commercial Bank, also known as “MCB,” the banking institution no longer wants to deal with cryptocurrencies. The bank has said th...
Metropolitan Bank Drops Crypto Following Silvergate Scare
Metropolitan Holding Corp will shutter its crypto vertical as banks’ crypto business lines face increasing scrutiny. The New York-based bank anticipates ending its relationships with institutional cry...
Metropolitan Commercial Bank to close crypto vertical
Metropolitan Commercial Bank’s holding company will exit its crypto asset vertical, pointing to the shifting regulatory environment for banks involved in crypto, developments in the industry and busin...
Metropolitan Bank Holding (MCB) exits the crypto market
One of the few US banks to serve the crypto industry, the Metropolitan Commercial Bank, has today announced that it is ending crypto-related services. The bank said that the move was because of the re...
European Central Bank: Bitcoin Is Quickly Becoming Irrelevant
The European Central Bank has issued a statement claiming that bitcoin is on its way out and closely approaching “irrelevance.” The European Central Bank Is not a Bitcoin Fan The financial institution...
JPMorgan Downgrades Crypto Bank Silvergate Capital After 4Q Results, Shares Slump
“These events highlight Silvergate Bank’s significant operating challenges, in particular the profitability, funding and liquidity risk associated with amplified deposit volatility driven by unc...
Why Bank Of France Is Calling For A Stringent Crypto Licensing?
Following the trend of global jurisdictions to amend crypto regulations, France’s central bank governor highlights the urgent need for stringent crypto regulations in the country. While expressing his...
World Bank to Warn of Global Recession Risk in Economic Outlook
(Bloomberg) — The World Bank is concerned that “further adverse shocks” could push the global economy into recession in 2023, with small states especially vulnerable. Most Read from Bloomberg Th...
Bank of France Governor Calls for Mandatory Licensing for Crypto Companies – Regulation Bitcoin News
France has to adopt a licensing regime for crypto service providers, the head of the country’s central bank has suggested. According to the executive, the need to tighten regulatory oversight stems fr...
Bank Earnings Among First Q4 Results As Profit Outlook Deteriorates
With JPMorgan Chase (JPM), Wells Fargo (WFC) and other major bank earnings due Friday, fourth-quarter earnings season sets off as Wall Street girds itself for the first decline in earnings in nine qua...
SBF pleads not guilty, layoffs, and bank run on Silvergate: Hodler’s Digest, Jan. 1-7
Top Stories This Week Sam Bankman-Fried enters not guilty plea for all counts in federal court Former FTX CEO Sam Bankman-Fried (has pleaded not guilty to all charges related to the collapse of the cr...
Crypto Bank Silvergate Shares Plunge 46% After $8.1B Withdrawal in Q4 Prompts 200 Job Cuts
The bank has also halted its plans to launch a digital currency and has written off the $196 million related to its acquisition of the technology and assets of Diem Association from Facebook parent Me...
Licensing Is Now Mandatory For Crypto Firms: Bank Of France
After a lawmaker proposed harmonizing the country’s legislation with incoming EU regulation, France may compel crypto companies to obtain a full license to operate in the country. As of now, the regu...
Bank of France Governor Thinks Crypto Companies Should Abide by Stricter Rules
Francois Villeroy de Galhau – Governor of Banque de France – believes cryptocurrency firms should obtain tougher regulatory licenses to continue providing their services. He also stated France should ...
Head of French Central Bank Pushes for Crypto Licensing
The governor of the Bank of France is calling for stricter and more comprehensive licensing requirements for cryptocurrency companies in France given the recent turmoil in the market. The head of the ...
French central bank exec urges to license crypto firms before MiCA
In what may be a setback for a sector looking to establish its foothold in Europe, Bank of France Governor Francois Villeroy de Galhau has suggested stricter regulatory standards for cryptocurrency fi...
Crypto Panic at Silvergate Spawns a New Breed of Bank Run
(Bloomberg) — When US banks fell like dominoes during the Great Depression, the cause was often a classic run: Depositors withdrew cash en masse amid fears that lenders were amassing huge losses...
French Central Bank Governor Calls for Stricter Crypto Regulations Ahead of MiCA Vote ⋆ ZyCrypto
Advertisement     Bank of France Governor Francois Villeroy de Galhau has called for tougher regulatory requirements for crypto firms even as European Union Nations ch...
French Central Bank Governor calls for ‘obligatory crypto licensing’
The governor of the Bank of France, Francois Villeroy de Galhau, has called for stricter licensing rules for crypto businesses in France, noting the present unrest in the cryptocurrency markets. On 5 ...
Crypto bank Silvergate sees two thirds of clients withdraw assets
Customers of US bank Silvergate, which provides cryptocurrency services, have withdrawn over $8bn (£6.7bn) of their crypto-linked deposits. Customers pull deposits Around two-thirds of the bank’...