The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said.
Crypto broker Bitpanda will use Deutsche Bank to handle customer deposits and withdrawals. Bitpanda announced the partnership in a June 4 blog post, adding that Deutsche Bank will provide real-time payment services to Bitpanda users. Deutsche Bank will also provide Bitpanda’s German users with local international bank account numbers (IBANs) for deposits. Bitpanda cited the […]
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Blockchain analytical platform Nansen said Singapore’s largest bank, DBS, is an Ethereum whale after identifying a wallet purportedly belonging to the financial institution. In a May 30 social media post, Nansen claimed DBS holds approximately 173,753 ETH, valued at $648 million, in the wallet address “0x9e927c02c9eadae63f5efb0dd818943c7262fb8e.” It added that the bank had made over $200 […]
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Deutsche Bank AG has announced its strategic push into blockchain technology as a potential remedy for the margin compression challenges facing the financial services industry, Bloomberg News reported on May 29. The German banking giant is participating in Singapore’s Project Guardian, an initiative led by the Monetary Authority of Singapore, which aims to harness the […]
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The partnership between the significant banking giants in the US and Mastercard is aimed at streamlining multiple asset-class settlements on a shared ledger platform.
Joachim Nagel, President of the Deutsche Bundesbank and a member of the ECB, emphasized the urgency for central banks to reassess their business models and swiftly adopt central bank digital currencies (CBDCs). Speaking at a high-level panel during the Bank for International Settlements (BIS) Innovation Summit on May 6, Nagel expressed concern over the uncertain […]
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Custodia Bank is challenging a lower court’s ruling in its battle for a Federal Reserve master account.
SWIFT payments and SEPA IBANs will be supported – allowing users to transact and transfer money globally.
Banks continue to raise objections that have already been accounted for in digital euro design, the authors say.
The proposed “Learn and Earn Campaign” on Revolut is aimed at expanding Bonk’s user base by half a million users but still needs approval.
EU-based crypto firms are now subject to guidance from the banking watchdog in its “fight against financial crime.”
The latest bust is another salvo in China’s war on capital flight — which some believe is the real reason behind the country’s continued ban on cryptocurrencies.
But supervision of bank-like crypto firms could be a pain for regulators, said Andrea Enria, chair of the supervisory board at the European Central Bank.
AI has the potential to improve productivity and enhance bank returns, the report said.