The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypt...
Tag: Bank
Brazil’s Central Bank Grants Payment Institution License to Crypto.com
2 hours ago | 2 mins read Exchange News CEO Kris Marszalek recently said that Crypto.com is “incredibly proud.” A number of additional countries provided licenses to the trading platform in 2022. Cryp...
Kazakhstan’s central bank to begin CBDC rollout from 2023 to 2025
The Kazakhstan Central bank have succeeded in the second phase of testing its Central Bank Digital Currency (CBDC) compatibility and functionality with the country’s economy, and are set to begin roll...
Russia’s Sber Bank Plans To Integrate Ethereum on its Blockchain
26 mins ago | 2 mins read Blockchain News The bank made the news during a global conference attended by industry leaders. An official news release states that the Sber blockchain will integrate with M...
Bank Of Russia Opposes International Trade Crypto Investment
The Russian government does not want to make Bitcoin available to the general population of Russia but rather intends to reserve its use for international business transactions. Elvira Nabiullina, t...
Kazakhstan central bank suggests a two years stepwise CBDC launch
The National Bank of Kazakhstan, which serves as Kazakhstan’s central bank, has suggested that the in-house CBDC be made accessible as early as 2023, with a progressive development of functionality an...
Central Bank of Kazakhstan Completes Second Phase CBDC Trial
8 seconds ago | 2 mins read Altcoin News A prototype was created between July and December of 2021. January 2023, the rollout of the digital national currency will proceed in the final phase. Official...
Kazakhstan central bank recommends a phased CBDC rollout between 2023-25
Kazakhstan, the world’s third-largest Bitcoin (BTC) mining hub after the United States and China, found feasibility in launching its in-house central bank digital currency (CBDC), a digital tenge. The...
National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge – Coinotizia
The central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper. The studies carried out by the regulator on its introduction did not ident...
National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge – Finance Bitcoin News
The central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper. The studies carried out by the regulator on its introduction did not ident...
CEO of Silvergate Bank Faces Class Action Lawsuit Over Dealing with FTX and Alameda
Plaintiff Joewy Gonzalez has filed the lawsuit on behalf of himself and others who lost money with FTX. The lawsuit accuses Silvergate Bank of transferring FTX user deposits into the bank accounts of ...
Bank of Russia Acts to Protect Crypto Companies Against Sanctions
The Central Bank of Russia has introduced a course of action aimed at protecting companies dealing with digital assets against the pressure of sanctions. CBR Offers Relief to Crypto Companies, Albeit ...
Bank of Russia Warns on Wartime Labor Shortages, Holds Rates
(Bloomberg) — Russia’s central bank delivered its strongest warning yet that the Kremlin’s call-up of men to fight in Ukraine is leaving the economy deprived of workers and could put pressure on...
Bank Of International Settlements Now Allows Banks To Hold 2% In Crypto
The Bank for International Settlements (BIS) has recently released its Prudential Treatment of Cryptoasset exposure report for December 2022. And as per the official statement, they have introduced a ...
Silvergate Bank faces lawsuit over FTX and Alameda dealings
Crypto bank Silvergate has been hit with a class action lawsuit, alleging that it aided and abetted fraud carried out by FTX and its subsidiary Alameda Research. The lawsuit was filed by Joewy Gonzale...
Bank of Russia stands against free crypto investment
Russia’s central bank is ready to consider allowing cryptocurrency use within the country, but only as part of a legal experiment, said governor Elvira Nabiullina. “It’s possible to consider transacti...
Dutch central bank says KuCoin operates illegally
The Dutch central bank, De Nederlandsche (DNB), on Thursday issued a statement describing KuCoin, a MEK Global Limited subsidiary arm (MGL), as an unlicensed exchange offering illegal services in the ...
Crypto Users Report Closures Of FTX-Linked Bank Accounts
Despite the FTX crypto exchange crash being more than one month in the past already, users are seemingly still suffering the effects of the implosion that goes beyond just their funds being stuck on t...
Neobanks raise savings yields as Bank of England hikes interest rates
The Starling Bank app displayed on a person’s phone. Adrian Dennis | AFP via Getty Images LONDON — Online banks in the U.K. are racing to bump up the yields on their savings accounts in a bid to...
Bank of Russia eases digital assets platforms supervision to beat sanctions
The Central Bank of Russia has enacted measures to shield digital asset-using enterprises from sanctions pressures. Russian authorities will excuse these enterprises from some reporting requirements a...
Class Action Lawsuit Filed Against Silvergate Bank Over FTX Fiasco
Exchange News The lawsuit accuses Silvergate of playing a part in the collapse of FTX. Joewy Gonzalez filed the action on behalf of himself and others in a similar position. In the Southern District C...
Sweden Central Bank preparing for e-krona CBDC
Sweden’s central bank, Riksbank, is preparing to introduce a possible central bank digital currency (CBDC) — the e-krona — according to a Dec. 15 statement. Riksbank said that it is “ready to be able ...
Breaking: Are US Bank Freezing FTX Linked Bank Accounts?
FTX News: Since the Bahamian authority arrested Sam Bankman-Fried (SBF), former CEO of the collapsed Crypto exchange FTX, regulators and other institutions are gearing up to pull more charges on him. ...
Dutch central bank says KuCoin is not licensed and ‘illegally offering services’
The central bank of the Netherlands, De Nederlandsche Bank, has issued a warning to investors using KuCoin, saying the exchange was operating without legal registration. In a Dec. 15 announcement, the...
Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions – Regulation Bitcoin News
The Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. These businesses will be exempted from some reporting requirements as part ...
Jewel Bank, Polygon to launch Bermuda’s first USD-backed stablecoin
Institutions in Bermuda will soon be able to trade real-time settlements using a stablecoin with a 1:1 peg to the United States dollar, Jewel Bank founder and chairman Chance Barnett told Cointelegrap...
KuCoin Crypto Exchange In Trouble? Dutch Bank Thinks So
On Thursday, the Dutch central bank issued a statement claiming that the cryptocurrency exchange KuCoin is operating in the Netherlands without having the proper registration to do so. According to a ...
Recession-Ready Bank Stocks Can Rally 50% Next Year, Wells Fargo’s Mayo Says
(Bloomberg) — It’s about to be “showtime” for US banks stocks, with the group likely to surge by 50% next year even as the economy falls into recession, says veteran banking analyst Mike Mayo. M...
ECB & Bank Of England Lift Interest Rates; Crypto Market Reacts
On Thursday, the European Central Bank (ECB) slightly reduced its record rate of interest rate increases, joining the U.S. Federal Reserve and other central banks around the world in stepping up their...
Bitcoin Group SE, a German platform for exchanging digital assets, purchases a bank with a complete license
Join Our Telegram channel to stay up to date on breaking news coverage The owner of the German cryptocurrency exchange bitcoin.de, Bitcoin Group SE, has revealed that it has acquired all of the stock ...