German banks Comdirect and Onvista will use crypto products provided by Valour for their retail clients. Both banks will have access to the Valour zero management fee Bitcoin and Ethereum ETPs. Valour...
Tag: Banks
Banks should notify Reserve Board before engaging in crypto activity
The Federal Reserve Board released new information for banking organizations that want to engage in crypto-asset activities on Tuesday. Board-supervised banks should notify the board before engaging ...
FDIC Accused of Blocking Crypto Companies’ Access to Banks
Whistleblowers in Senator Pat Toomey’s office have accused the Federal Deposit Insurance Corporation (FDIC) of stifling banks in their efforts to expand on crypto work. Federal regulators may have tak...
Fed Issues Guidelines For Crypto Banks
New guidelines provide a consistent and transparent process The updated process will create a three-tiered system Tier 1 would be insured federally The U.S Federal Reserve distributed what it called l...
EU Lawmakers Seek to Cap Banks’ Bitcoin Holdings
“An institution’s total exposure to class 2 crypto-asset exposures must not be higher than 1% of the institution’s Tier 1 capital at all times,” said the proposal backed by the Finnish Member of the E...
Banks to Inform Reserve Board Before Engaging in Crypto Activity, Fed Warns
The US Board of Governors of the Federal Reserve System on Tuesday released new information that directed Fed-supervised banks to ensure they check first that any cryptocurrency activities they want t...
Phil Banks bought between $15k and $150k in BTC and ETH
New York City Deputy Mayor Phil Banks said he has purchased Bitcoin and Ethereum worth between $15,000 and $150,000, revealing himself to be a crypto-investor. New York: Phil Banks and the purchase of...
US Regulator ‘Improperly’ Pushing Banks to Avoid Serving Crypto Companies, Lawmaker Says
“According to whistleblower communications that we have corroborated, personnel in the FDIC’s Washington, D.C. headquarters are urging FDIC regional offices to send letters to multiple banks req...
Korean Regulators Probe Banks Over $6.5 Billion Linked to Kimchi Premium – crypto.news
South Korean banks are under investigation for their role in facilitating $6.5 billion in suspicious overseas remittances that have been linked to firms arbitraging cryptocurrencies. Korean Banks Prob...
South Korean Regulators Investigate Banks Following $6.5B in Suspicious Remittances
Banks based in South Korea are under investigation for allegedly enabling $6.5 billion in illegal overseas remittances. These remittances were linked to the companies dealing in cryptocurrency arbitra...
Why The Fed Will Require Banks To Report Crypto Activity
The U.S. Federal Reserve (Fed) issued a letter on banking institutions participating in crypto-related activity and potentially adopting digital assets. The financial institution claimed that the nasc...
Banks Tied To Kimchi Premium Over $6.5B Investigated By Korean Regulators
South Korean financial regulators are looking into the massive amount of foreign remittances Regulators have been concerned about Kimchi premium trading Large remittances have raised red flags South K...
Fresh Trouble for South Korean Banks Over Bitcoin Kimchi Premium Trades Worth $6.5B
South Korea’s integrated financial regulator – Financial Supervisory Service (FSS) – is reportedly investigating domestic and commercial banks after detecting a significant amount of illegal overseas ...
FSS orders investigation into banks over kimchi premium ties 1
The Financial Supervisory Service (FSS) has ordered regulators to look into the activities of South Korean banks regarding their involvement in the Kimchi premium. According to a local news station re...
Federal Reserve Releases New Guidelines for Crypto Banks
Up until now, American financial institutions that wanted to conduct both crypto transactions and traditional banking services have had to pick a lane. That may soon change. The Federal Reserve rele...
Korean regulators investigate banks over $6.5B tied to Kimchi premium
South Korean banks are being investigated for their role in facilitating $6.5 billion in suspicious overseas remittances which have been tied to companies arbitraging cryptocurrency. According to an ...
Fed to issue long-awaited guidelines for granting master accounts to crypto banks
The United States Federal Reserve Board announced Monday that it had finalized its guidelines for the factors reserve banks are to consider when reviewing requests for Federal Reserve accounts and pay...
Fed Could Give Crypto Banks Access To Legacy Banking System
According to a press release, the U.S. Federal Reserve (Fed) might provide crypto banks and other entities with access to Federal Reserve accounts and payment services. Following two proposals from th...
Multiple Korean banks under probe for $6.5 billion worth of suspicious transactions
Days after making their first arrests in a probe over suspicious multi-billion cryptocurrency-linked transactions via multiple branches of two South Korean banks, the authorities discovered additional...
Banks To Use Their Risk Management and Compliance Expertise To Compete In The Crypto Space ⋆ ZyCrypto
Advertisement     The Office of the Comptroller of the Currency (OCC), an independent bureau of the US Department of the Treasury, issued interpretive letters in 2020 ...
Former Deutsche Bank co-CEO Anshu Jain dies at 59
Jain Anshu, President of Cantor Fitzgerald appears on CNBC’s Squawk on the Street at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd. 2020. Gerry Miller | CNBC Anshu Jain, an In...
Russia announces plans to release digital ruble to banks in 2024
The Bank of Russia has continued working towards the launch of a central bank digital currency (CBDC). The country plans to roll out the digital ruble to banks over the next few years. Russia plans to...
Russia’s Central Bank Plans to Launch its CBDC-Digital Ruble across all Banks in 2024
The Bank of Russia launched a digital ruble experiment in 2022 to explore business models and innovative use cases for central bank digital currencies (CBDCs). The Central Bank of Russia emphasized th...
Russia plans to roll out digital ruble across all banks in 2024
The Bank of Russia continues working towards the upcoming adoption of the central bank digital currency (CBDC), planning an official digital ruble rollout in a few years. According to the Bank of Russ...
The Big Winners—and Losers —in the Inflation Bill
Senate Majority Leader Chuck Schumer (D-NY) helped shepherd the Inflation Reduction Act through the Senate after earlier bills died. Drew Angerer/Getty Images Text size The House won’t take up Democra...
Central Banks can safely invest in Bitcoin with BlackRock’s Bitcoin Private Trust; says DCG Founder
Digital Currency Group CEO Barry Silbert suggests that BlackRock’s bitcoin private trust makes it easier and safer for Central Banks around the globe to invest in Bitcoin. Following the Bitcoin Privat...
Ban Banks From Holding Crypto, UN Development Body Says
Figures cited by UNCTAD show crypto is particularly popular in Russia, Ukraine and Venezuela, three countries affected by sanctions, war and hyperinflation. As of November 2021, 41 developing countrie...
‘Forget the past three years’
Eugene Zhang, founding partner of Silicon Valley VC firm TSVC Spencer Greene, general partner of TSVC Courtesy: TSVC Eugene Zhang, a veteran Silicon Valley investor, recalls the exact moment the marke...