The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (Fed), and the Federal Deposit Insurance Corporation (FDIC) released a joint statement explaining how existing banking rules apply when institutions custody crypto for customers. The guidance describes “safekeeping” as the act of holding a digital asset on a client’s behalf and stresses […]
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Aave, the DeFi protocol known for its borrowing and lending services, has hit a key milestone, surpassing $50 billion in net deposits. This achievement positions Aave as the largest DeFi protocol, with a total value locked (TVL) nearly double that of its closest competitor, Lido. According to recent data from the Federal Reserve, Aave’s current […]
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According to a July 9 announcement, Ripple has appointed BNY Mellon as the official reserve custodian for its enterprise-focused stablecoin, Ripple USD (RLUSD). According to a July 9 announcement, BNY Mellon was selected based on its extensive experience in digital asset infrastructure and its role as a trusted provider of transaction banking services in the US. The […]
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Hackers siphoned about R$800 million ($140 million) from six reserve accounts connected to Brazil’s central bank after breaching São Paulo-based software vendor C&M Software on June 30, according to blockchain investigator ZachXBT and reports from local news outlets. Police said C&M employee João Nazareno Roque sold his corporate login for R$15,000 ($2,770) and later developed […]
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Swiss-based AMINA Bank will provide custody and trading for Ripple’s RLUSD stablecoin. The move offers the relatively new dollar-pegged asset with a European base inside a FINMA-licensed institution, a development that integrates the stablecoin directly into a regulated banking environment for institutional and private clients. The integration marks one of the first adoptions for RLUSD […]
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Ripple applied for a national bank charter with the Office of the Comptroller of the Currency (OCC) on July 2, CEO Brad Garlinghouse wrote in a post on X. The filing would place Ripple USD (RLUSD) under federal supervision while maintaining its existing oversight by the New York Department of Financial Services, creating a “new […]
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European banking behemoth UniCredit is entering the crypto arena with a structured product tied to BlackRock’s spot Bitcoin exchange-traded fund (ETF), Bloomberg News reported on July 1, citing an internal memo. Under the plan, UniCredit will offer professional clients a five-year, U.S. dollar-denominated investment certificate linked to BlackRock’s iShares Bitcoin Trust (IBIT). The product will […]
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Germany’s largest banking group, Sparkassen-Finanzgruppe, is preparing to offer crypto trading services to its retail clients by summer 2026, Bloomberg News reported on June 30. The move represents a significant policy shift for Sparkassen, which had previously avoided crypto offerings due to concerns about volatility and risk. According to the report, the bank’s board of […]
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Circle applied to charter First National Digital Currency Bank to become a federally regulated trust that would manage USDC reserves and expand custody services for institutional clients. According to a June 30 announcement, Circle applied to the Office of the Comptroller of the Currency (OCC), seeking authority to operate as a national trust bank subject […]
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US Federal Housing Finance Agency (FHFA) Director Willian J. Pulte ordered on June 25 that Fannie Mae and Freddie Mac treat cryptocurrency reserves as eligible assets when they measure risk on single-family mortgage loans, effective immediately. The two government-sponsored enterprises must draft plans that show how they will recognize borrower crypto holdings without first converting […]
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Barclays bank has announced it will block customers from using Barclaycard credit cards to buy crypto starting June 27 The move was quietly confirmed in a newly updated FAQ section on the bank’s official website. According to Barclays, the decision stems from concerns over consumer protection and repayment risks. The bank warned that crypto price […]
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South Korea’s eight largest commercial banks have joined forces to launch a Korean-won-pegged stablecoin, forming the country’s first unified financial consortium dedicated to this purpose. The initiative, quietly coordinated by the Open Blockchain & DID Association and overseen by the Financial Supervisory Service (FSS), aims to pilot issuance by early 2026 The participating banks, KB […]
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Federal Reserve Chair Jerome Powell reaffirmed that the central bank does not object to U.S. banks providing services to cryptocurrency companies or participating in crypto-related activities, so long as they follow established risk management and consumer protection standards. Powell made the statement during his semiannual monetary policy report testimony before the House Financial Services Committee […]
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The Federal Reserve Board on June 23 removed reputational risk from its bank supervision program, ordering staff to strike the term from examination manuals and to concentrate on measurable financial exposures. The Fed move positions the central bank alongside the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency, which […]
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Deutsche Bank, Memento Blockchain, and Interop Labs published a litepaper on June 17 outlining plans for Digital Asset Management Access 2 (DAMA 2), a tokenization platform intended to operate on public blockchains and facilitate the issuance of regulated funds. According to the paper, DAMA 2 would link three layers: Ethereum (ETH) would act as the […]
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JPMorgan will pilot a dollar-denominated deposit token called JPMD on Coinbase’s Base blockchain within days, global blockchain division co-head Naveen Mallela said in an interview with Bloomberg News on June 17. The test will transfer a fixed amount of JPMD from the bank’s digital wallet to Coinbase, making the token available to selected institutional users […]
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Societe Generale-FORGE (SG-FORGE), the crypto-asset arm of French banking giant Societe Generale, has announced the launch of a new U.S. dollar-pegged stablecoin, the USD CoinVertible (USDCV), set to operate natively on both the Ethereum and Solana public blockchains. The launch marks SG-FORGE’s second stablecoin initiative, following the EUR CoinVertible (EURCV) release in April 2023. Like […]
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US Senator Cynthia Lummis said the confirmation of Michelle “Miki” Bowman as Vice Chair for Supervision at the Federal Reserve marks a critical shift in the regulatory approach toward digital assets. According to Lummis, the appointment is a “turning point” for crypto policy, and she expects a “brighter future” for the industry ahead. The Senate […]
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Whether it's crypto's access to banking or the issuance of stablecoins, new Fed supervision chief Michelle Bowman will have a say.
JPMorgan is set to begin accepting Bitcoin (BTC) exchange-traded funds as collateral for loans, Bloomberg News reported on June 4. The lender also plans to consider digital asset holdings when evaluating a client’s net worth and liquid assets, placing crypto alongside traditional categories such as equities, vehicles, and fine art when assessing lending eligibility. The […]
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Sberbank, Russia’s largest lender, has introduced a new structured bond product offering exposure to Bitcoin (BTC), marking a significant step in integrating cryptocurrency-linked instruments into the country’s regulated financial ecosystem. The product, currently available on the over-the-counter market to a limited pool of qualified investors, allows returns based on the performance of Bitcoin’s US dollar […]
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Banco Santander is exploring the development of a fiat-backed stablecoin and expanding its crypto offerings to retail clients, marking a potential new chapter in the bank’s digital asset strategy. According to a May 29 Bloomberg News report, the initiative, still in its early stages, may include both US dollar and euro-pegged tokens. Santander joins a […]
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JPMorgan CEO Jamie Dimon said the Wall Street lender plans to offer Bitcoin (BTC) to its customers in a stark shift from his historical stance toward the digital asset. During JPMorgan’s Investor Day, Dimon reiterated that he is “not a fan” of Bitcoin, but acknowledged that clients will continue to demand access to it. He […]
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The Federal Reserve Bank of New York, in collaboration with the BIS Innovation Hub Swiss Centre, has concluded that tokenized assets, not central bank digital currencies (CBDCs), may offer a viable future framework for monetary policy operations. This finding stems from the recently published Project Pine report, which tested the technical feasibility of implementing open […]
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Members of the Federal Reserve’s Community Depository Institutions Advisory Council (CDIAC) raised concerns that nonbank-issued stablecoins could accelerate deposit outflows from traditional banks and reduce credit availability to local communities. According to the April 10 meeting records, council members expressed apprehension over pending legislation in Congress related to payment stablecoins and their regulatory treatment. They […]
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The Office of the Comptroller of the Currency (OCC) confirmed on May 13 that national banks are now authorized to engage in a wide range of crypto-asset activities, removing long-standing regulatory ambiguities that had kept many financial institutions on the sidelines. In tandem with recent moves by the Federal Reserve, the policy shift opens the […]
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Update (May 10 2025): Following a detailed review of Royal Decree 253/2025, the official BOE text, and multiple independent fact‑checks, we determined that an earlier version of this article inaccurately claimed Spaniards must give 24‑hours’ notice to tax authorities before withdrawing more than €3,000 in cash and could face fines of up to €150,000 for non‑compliance. In reality, the reporting duty falls […]
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The Office of the Comptroller of the Currency (OCC) clarified on May 7 that federally chartered banks and savings associations may offer crypto services, namely custody and execution, including through third-party providers, provided they adhere to sound risk management practices and legal compliance. The clarification, issued through Interpretive Letter 1184, confirms and expands on earlier […]
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Goldman Sachs aims to bring tokenized Treasuries and money market fund shares into round-the-clock trading, according to digital assets head Mathew McDermott at TOKEN2049 in Dubai. The move reflects broader ambitions to integrate traditional collateral into blockchain infrastructure as clients increase demand for on-chain exposure. The firm already operates a crypto derivatives desk and is […]
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Two of Wall Street’s most established financial firms, Morgan Stanley and Charles Schwab, are reportedly preparing to offer access to crypto trading. Morgan Stanley reportedly plans to roll out spot crypto trading on its E*Trade platform by 2026. To support this integration, the firm is exploring partnerships with crypto-native companies. While Morgan Stanley already offers […]
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