The suite of apps will allow users to spend, save and earn crypto.
Dutch banking giant ING is working on a euro-backed stablecoin in collaboration with other traditional financial institutions and crypto service providers, CoinDesk reported on April 22, citing people familiar with the matter. According to the report, the stablecoin effort could take the form of a consortium, though progress has been slow as multiple participating firms […]
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A growing number of leading crypto firms, including Circle, Coinbase, BitGo, and Paxos, are reportedly preparing to apply for banking licenses in the United States. According to sources cited by The Wall Street Journal, the firms are leveraging a wave of pro-crypto sentiment in Washington to advance their long-term plans. The report noted that each […]
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A guest essay by former SEC enforcement official John Reed Stark and Duke University lecturer Lee Reiners suggests that the Securities and Exchange Commission’s changing stance on digital assets could recreate conditions that preceded the 2008 financial crisis. According to the New York Times article, the pair warns that relaxed oversight of token markets and the simultaneous […]
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The Bank of England’s Financial Policy Committee (FPC) said in its April 2025 record that while stablecoins continue to grow in scale and relevance, poor oversight and inappropriate asset backing could pose new risks to UK financial stability, especially during times of stress. The committee reaffirmed that the BoE and the Financial Conduct Authority (FCA) […]
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Major South Korean banks are pushing for a change in the country’s crypto policy, aiming to expand their ability to partner with multiple crypto exchanges. This proposed change, reported by local outlet MT, surfaced during an April 9 meeting organized by the Korea Federation of Banks alongside lawmakers from the ruling People Power Party. According […]
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The Federal Deposit Insurance Corporation (FDIC) is formalizing a more permissive and transparent framework for US banks engaging with crypto, including the use of public, permissionless blockchains. In remarks delivered at the American Bankers Association Washington Summit on April 8, FDIC Acting Chairman Travis Hill addressed the agency’s evolving stance on crypto-related activities. Guidelines for […]
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The Bank of Canada published a staff discussion paper on March 21, analyzing flash loans and their relevance for policymakers, as well as potential risks. The study introduced flash loans as blockchain-native financial tools that enable users to borrow crypto without posting collateral, provided the loan is repaid within a single atomic transaction. What is […]
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Brazil’s largest bank, Itaú Unibanco, is considering launching its own stablecoin, making it the latest major traditional financial institution to announce similar plans. The bank’s decision will depend on how Brazil’s regulatory framework evolves and how similar initiatives by major international institutions perform, local media reported. Global trend The move comes amid a wave of […]
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French public investment bank Bpifrance announced plans to accelerate its digital asset investment strategy, committing up to €25 million to support French blockchain companies through direct investments in crypto tokens. The move marks a rare foray by a sovereign-backed fund into decentralized financial markets and highlights France’s ambitions to lead in emerging technologies. The announcement […]
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The Federal Deposit Insurance Corporation (FDIC) issued new guidance on March 28 clarifying that FDIC-supervised banks may engage in crypto-related activities without first obtaining the agency’s approval, provided they manage the associated risks by safety and soundness standards. The announcement, published as Financial Institution Letter (FIL-7-2025), rescinds FIL-16-2022 and marks a significant policy shift for […]
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Custodia Bank and Vantage Bank have issued the first US bank-backed stablecoin, called Avit, on a public blockchain network, according to a March 25 press release. The stablecoin was used in a series of test transactions with a business customer. The pilot included minting, transferring, and redeeming tokens on the Ethereum (ETH) mainnet using the […]
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Financial technology and crypto firms are increasingly applying for state or national bank charters, despite the community’s historical resistance to centralized banking.
Fintech and crypto firms are actively pursuing state and national banking licenses under President Donald Trump’s administration to gain regulatory approval that was previously slow to materialize. According to a Reuters report, industry executives indicate that firms seeking credibility and market expansion see a favorable landscape under the administration, which has forced regulators to transition […]
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Banco Bilbao Vizcaya Argentaria (BBVA), Spain’s second-largest bank, has secured regulatory approval from the Spanish Securities and Exchange Commission (CNMV) to offer crypto services in the country. According to a March 10 statement, BBVA can now offer custody and execution services for crypto trading, providing its clients with regulated access to digital assets. Initially, users […]
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The Office of the Comptroller of the Currency (OCC), the US regulatory body responsible for overseeing national banks, issued a significant clarification on Friday regarding crypto activities. The OCC announced that banks are now permitted to engage in certain crypto-related operations without seeking prior regulatory approval, giving the green light for banks to custody digital […]
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Senator Tim Scott, the chief of the banking committee, is backing a bill to stop U.S. regulators from citing "reputational risk" as a reason to block clients.
The Bank of Israel has introduced a potential design for a central bank digital currency (CBDC), though officials emphasized that no final decision has been made on its issuance. In a paper published on March 4, the central bank described the proposed digital shekel (DS) as a “multipurpose CBDC” that would cater to both retail […]
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Investors are urging Revolut to consider another secondary share sale as new stakeholders seek entry into the fintech firm, Bloomberg News reported on Feb. 27. Sources familiar with the matter told the news outlet that some shareholders were willing to sell shares in a transaction that could value the company at $60 billion. This represents […]
The post Revolut faces investor pressure for share sale before $1B profit report appeared first on CryptoSlate.
French lender Societe Generale’s unit SG-FORGE launched its euro-backed stablecoin, EUR CoinVertible (EURCV), on the Stellar blockchain, expanding its multichain strategy and reinforcing compliance with the EU’s Markets in Crypto-Assets (MiCA) regulation. The move aims to provide businesses and financial institutions with a secure, transparent, and scalable digital euro option, leveraging Stellar’s blockchain infrastructure for […]
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The European Central Bank (ECB) is working to establish a blockchain-based payment system that will allow financial institutions to settle transactions using central bank money, Bloomberg News reported on Feb. 20. ECB executive board member Piero Cipollone said the project is a step toward improving financial market efficiency through innovation. Phased approach The project will […]
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The Bank of New York Mellon (BNY Mellon) disclosed holdings of more than $13 million in Bitcoin exchange-traded funds (ETFs) at the end of the fourth quarter, marking another sign of traditional financial institutions increasing their exposure to digital assets. According to a newly filed disclosure with the SEC, BNY Mellon owns 115,108 shares of […]
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State Street and Citi are considering offering crypto custody services. According to a report from The Information, the banks aim to provide safekeeping solutions to institutional investors, traders, and large funds. A bank executive told the report that State Street plans to roll out crypto custody services next year. The institution is one of the […]
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Tether has refuted claims made by JPMorgan analysts regarding its Bitcoin reserves and ability to comply with upcoming US stablecoin regulations. In a Feb. 13 statement to CryptoSlate, the stablecoin issuer confirmed that it is closely monitoring developments around US stablecoin regulations while actively engaging with local regulators. Tether acknowledged ongoing discussions surrounding the proposed […]
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In its recent 13F form, JPMorgan reported $1 million in crypto exposure through exchange-traded funds (ETF) as of Dec. 31. This is nearly 69% more than the $595,326 it reported at th end of the third quarter of 2024. According to the filing with the US Securities and Exchange Commission (SEC), JPMorgan’s exposure to Bitcoin […]
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The Federal Reserve (Fed) chairman, Jerome Powell, said that the central bank regulator does not want to prevent banks from serving crypto to perfectly legal customers as long as they understand its risks. During a Feb. 12 House committee on monetary policy, Powell said banks and the Fed should be “mindful” that crypto activities can […]
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Bank of England Governor Andrew Bailey expressed skepticism about the role of central bank digital currencies (CBDCs) in financial stability, emphasizing that central banks must maintain control over monetary transmission through the banking system. Speaking at the University of Chicago Booth School of Business in London on Feb. 11, Bailey reinforced that while financial markets […]
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Federal Reserve Chair Jerome Powell confirmed that the US will never have a central bank digital currency (CBDC) while he leads the central bank. Powell made the statement on Feb. 11 while speaking at the “Semiannual Monetary Policy Report to Congress.” His comments were in response to Senator Bernie Moreno’s concerns that the US could “look […]
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The European Central Bank (ECB) has introduced a regulatory framework allowing non-bank payment service providers (NB-PSPs) to access Eurosystem central bank payment systems. This move marks a shift in the region’s payments ecosystem. It enables payment institutions and e-money firms like stablecoin issuers to connect directly to key infrastructures such as SEPA and TIPS without […]
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The MetaMask creator survived by having redundant backup accounts, said Lubin, who was also personally targeted.