Federal Reserve Chair Jerome Powell stated that banks are free to serve with crypto, provided they effectively manage the associated risks. During his speech following the Federal Open Market Committee (FOMC) meeting, Powell added: “The threshold has been a little higher for banks engaging in crypto activities, and that’s because they’re so new.” Despite this […]
The post Fed Chair Jerome Powell says banks can serve crypto clients if risks are managed adequately appeared first on CryptoSlate.
"The threshold has been a little higher for banks engaging in crypto activities and that's because they're so new," Powell said.
The House Committee on Oversight and Government Reform has issued a formal letter to multiple crypto firms and organizations, requesting evidence and accounts of instances where crypto firms and individuals have been systematically denied access to banking services. The letter was addressed to several entities, including the Blockchain Association, Uniswap Labs, Coinbase, Payward, AH Capital […]
The post Congress probing crypto industry’s ‘systematic’ debanking under Biden regime appeared first on CryptoSlate.
Taiwan’s Financial Supervisory Commission (FSC) has unveiled plans to allow banks to issue stablecoins as part of a comprehensive regulatory framework for virtual asset service providers (VASPs). The draft bill, expected in June, aims to establish stablecoins as a bridge between the New Taiwan dollar (TWD) and digital currencies, according to local media reports. The […]
The post Taiwan’s FSC outlines regulatory path for bank-issued stablecoins appeared first on CryptoSlate.
The House Oversight and the Senate Banking committees are probing accusations that U.S. regulators blocked crypto insiders from banking.
Morgan Stanley CEO Ted Pick said the lender is exploring how it can offer crypto services in the US and intends to engage with regulators once the review is complete. During an appearance on CNBC’s Squawk Box on Jan. 23, Pick said that Morgan Stanley’s equation is understanding how to act as crypto transactors while […]
The post Morgan Stanley CEO says lender is exploring path to offer crypto in the US appeared first on CryptoSlate.
Switzerland’s state-owned financial giant, PostFinance AG, has launched an Ethereum (ETH) staking service — allowing users to earn rewards while strengthening blockchain security. The initiative is part of the bank’s ongoing expansion into digital assets. The program, unveiled on Jan. 16, lets customers stake as little as 0.1 ETH, with a 12-week mandatory lock-up period […]
The post Swiss state-owned lender PostFinance deepens crypto push with Ethereum staking debut appeared first on CryptoSlate.
The Bank of England (BoE) and HM Treasury reported significant progress in the design phase of the digital pound, a proposed central bank digital currency (CBDC) that would complement traditional banknotes and enhance the UK’s payment infrastructure. The update highlighted efforts to align the initiative with the nation’s evolving payments landscape and broader economic goals. The […]
The post Bank of England advances design phase of ‘digital pound’ CBDC appeared first on CryptoSlate.
Intesa Sanpaolo, Italy’s largest bank, has reportedly entered the Bitcoin market by acquiring €1 million worth of the leading digital asset. This translates to approximately 11 BTC, according to an internal email allegedly signed by Niccolo Bardoscia, the head of the bank’s digital asset trading and investment division. Although Intesa has yet to confirm the […]
The post Italy’s largest bank Intesa Sanpaolo enters Bitcoin market with initial €1 million investment appeared first on CryptoSlate.
A proposed CFPB rule could allow crypto users to have protections similar to those of US bank account holders by considering the definition of “funds.”
Standard Chartered has obtained a license to provide crypto custody services in Luxembourg, according to a Jan. 9 statement. The approval falls under the Markets in Crypto-Assets (MiCA) framework, which provides a unified regulatory approach for crypto businesses across the European Union. MiCA requires companies to obtain a Crypto Asset Service Provider (CASP) license from […]
The post Standard Chartered obtains crypto custody license in Luxembourg under MiCA framework appeared first on CryptoSlate.
Banco of Investimentos Globais (BiG), one of Portugal’s largest banks, started blocking fiat transfers to crypto platforms, according to a notification shared by Delphi Labs co-founder José Maria Macedo. The notification cited compliance with guidelines published by the European Central Bank (ECB), the European Banking Authority (EBA), and the Bank of Portugal about risks associated with […]
The post Major Portuguese bank blocks fiat transfers to crypto platforms appeared first on CryptoSlate.
Documents released on Dec. 6 show the Federal Deposit Insurance Corporation (FDIC) asked banks to pause crypto-related activities.
Hexarq, the cryptocurrency subsidiary of Groupe BPCE, has obtained regulatory approval from France’s Financial Markets Authority (AMF) to offer crypto services to its clients in 2025, the Big Whale reported on Dec. 20. The approval, known as PSAN registration, allows Hexarq to provide custody, buying, and selling services for digital assets under French law, paving […]
The post French banking giant Groupe BPCE secures regulatory greenlight for crypto services appeared first on CryptoSlate.
Around 120 hedge funds engaged in crypto reported hurdles in accessing banking services over the three years, The Wall Street Journal reported on Dec. 20. The number represents roughly 75% of 160 hedge funds recently surveyed by the Alternative Investment Management Association (AIMA). The survey highlighted that none of the 20 alternative investors in other asset […]
The post More than 100 crypto hedge funds report banking hurdles in the past 3 years appeared first on CryptoSlate.
The acquisition brings Metal blockchain solutions to Bonifii’s portfolio of credit unions.
The Bank for International Settlements (BIS) has unveiled a comprehensive framework for designing retail central bank digital currencies (CBDCs), emphasizing a hybrid model that integrates central bank control with private sector collaboration. Developed by the Consultative Group on Innovation and the Digital Economy (CGIDE), the report provides a roadmap for central banks in the Americas […]
The post BIS proposes hybrid retail CBDC model blending central bank oversight with private sector roles appeared first on CryptoSlate.
Deutsche Bank is building a layer-2 blockchain based on Ethereum to solve the regulatory hurdles financial institutions face using public blockchains, Bloomberg News reported on Dec. 17. The platform, dubbed Project Dama 2, represents the German banking giant’s attempt to harness blockchain technology’s potential while minimizing risks associated with public ledgers, which can often inadvertently transact […]
The post Deutsche Bank to develop Ethereum layer-2 blockchain to tackle TradFi compliance issues appeared first on CryptoSlate.
The Revolut Pay enhanced due diligence API will be rolled out to crypto customers from start of 2025.
Trump’s team is asking whether the president-elect could nix financial industry regulators or combine them together, according to a Wall Street Journal report.
A US federal judge has ordered the FDIC to redo and resubmit redactions it made to crypto “pause letters” it sent to financial institutions.
Goldman Sachs CEO David Solomon said the firm might explore becoming a spot market maker spot market for Bitcoin (BTC) and Ethereum (ETH) if the regulatory environment in the US undergoes significant changes. Speaking at the Reuters Next event in New York, Solomon acknowledged that Goldman Sachs is currently unable to hold crypto due to […]
The post Goldman Sachs eyeing crypto market-making for Bitcoin, Ethereum if US regulations shift appeared first on CryptoSlate.
Singapore-based Crypto.com has joined forces with Deutsche Bank to enhance its corporate banking capabilities, marking a milestone in the exchange’s global expansion efforts. The collaboration, announced on Dec. 10, will focus on streamlining financial operations across key regions, including Singapore, Australia, and Hong Kong. Through this partnership, Crypto.com will access advanced corporate banking tools designed […]
The post Crypto.com partners with Deutsche Bank for corporate banking amid Asia expansion appeared first on CryptoSlate.
Coinbase's Paul Grewal says this is hard evidence proving the industry hasn't been spouting conspiracy theories about being shoved out of U.S. banking.
The European Central Bank (ECB) has unveiled its second progress report on developing the digital euro central bank digital currency (CBDC), outlining advancements in the preparation phase and mentioning a prototype for 2025. In the report, the ECB reaffirms its commitment to providing a secure and efficient digital payment solution that complements cash while safeguarding […]
The post ECB unveils second report on digital euro, announces prototype testing for 2025 appeared first on CryptoSlate.
Coinbase CEO Brian Armstrong has revealed ongoing efforts to obtain documentation through the Freedom of Information Act (FOIA) to uncover US banks’ full scope of crypto-related account closures. In a Nov. 27 post on X, Armstrong “confirmed” that several banks have cut ties with crypto stakeholders solely due to their involvement in the industry. He […]
The post Crypto debanking wave tied to political figures, Coinbase CEO Brian Armstrong alleges appeared first on CryptoSlate.
Rick Wurster, who will take the chief executive role next year, says he still has no plans to buy crypto but wants to support Schwab clients that do.
The Reserve Bank of India (RBI) is adopting a cautious approach to the nationwide rollout of its Central Bank Digital Currency (CBDC), the e-rupee, prioritizing financial stability and a thorough understanding of its potential impacts. Deputy Governor T. Rabi Sankar emphasized that the bank is “in no hurry to roll it out immediately,” indicating a […]
The post Indian central bank in ‘no hurry’ to rollout CBDC nationwide appeared first on CryptoSlate.
After Ohio Senator Sherrod Brown lost reelection, Elizabeth Warren said she would become the ranking member of the Senate Banking Committee.
Tens of thousands of traders have been using the bank’s crypto exchange in the UK, a spokesperson said.