Banks Can Hide Fat Finger Errors but Crypto Is Transparent
Paxos’ accidental minting of $300 trillion PYUSD on Wednesday, while undoubtedly concerning, serves as a case study as to why…
Tag: Banks
Binance Opens Crypto-as-a-Service to Banks and Brokers for Early Access to Spot and Futures
Binance has announced the launch of Crypto-as-a-Service, a white-label product aimed at financial institutions and brokerages. The platform is designed…
Nine Major European Banks Form Consortium To Develop MiCA-Compliant Euro Stablecoin ⋆ ZyCrypto
Advertisement     Nine European banks, including ING and UniCredit, have formed a consortium to launch a euro-denominated stablecoin…
Majority of America’s top 25 banks now signal crypto plans
Over half of the 25 largest US banks are now weighing or rolling out crypto-related products. An Aug. 8 status…
US Federal Agencies Outline Key Risks for Banks Eyeing Crypto Custody
Three federal agencies of the United States government outlined the risks facing banks if they decide to custody crypto on…
Stripe holds early talks with banks to explore stablecoin integration
Photo: T. Schneider Key Takeaways Stripe is in early talks with banks to explore stablecoin integration for future payment solutions.…
US Banks No Longer Have to Notify of Crypto Activities: Fed Withdraws Draconian Rules
The US Federal Reserve officially removed both supervisory guidelines yesterday (Thursday), which had discouraged American banks from engaging in activities…
FDIC working on new crypto guidelines, eyes public blockchain use by banks
The Federal Deposit Insurance Corporation (FDIC) is formalizing a more permissive and transparent framework for US banks engaging with crypto,…
Cambodia’s Central Bank Allows Banks to Run Crypto Services
Amid the wave of crypto adoption, the National Bank of Cambodia (NBC) has allowed commercial banks and payment institutions to…
Hong Kong watchdog issues warning about foreign entities pretending to be crypto ‘banks’
The Hong Kong Monetary Authority (HKMA) has cautioned the public to remain vigilant against foreign crypto firms falsely presenting themselves…