On one hand, El Salvador recently became the first nation to officially declare Bitcoin as its legal tender, and on the other, several nations have recently opined that their indigenous banks face a ‘threat’ from the world’s largest crypto-asset. Nevertheless, the rise in the adoption of cryptocurrencies has been accompanied by regulators taking the fast-growing …
What you should know if your bank is exposed to Bitcoin Read More »
Digital asset bank Anchorage is building out its borrowing and lending tools, and it sees its new ether-backed loans as the path to institutional growth. The firm rolled out its latest lending product today in partnership with BankProv, which was founded in 1828 (known then as The Provident Bank). The tie-up will allow institutions that …
Anchorage rolls out ETH-backed loans with America’s 10th oldest bank Read More »
The Dutch Central Bank, DNB, has reversed its decision to enforce stricter measures for withdrawing cryptocurrencies from exchanges, according to Dutch crypto exchange Bitonic. In January, the central bank set out rules that required crypto exchanges to collect additional data from their users when they withdraw cryptocurrencies. Namely, users had to add the recipient address …
Dutch central bank reverses strict KYC rules for crypto withdrawals Read More »
The European Investment Bank (EIB), the investment and development arm of the European Union, plans to price €100 million in bonds registered in the Ethereum network. According to a report by Bloomberg, the EIB’s inaugural blockchain bond sale will consist of €100 million in two-year notes. The bonds could be priced today. The sale of …
European Investment Bank to price €100 million in bonds on Ethereum: report Read More »
The Bank of England and HM Treasury have jointly created a taskforce to explore a potential central bank digital currency (CBDC) in the U.K. Announcing the news on Monday, the two government authorities said they have not yet decided whether to introduce a CBDC in the U.K. but will explore its use cases and risks. They will …
Bank of England, HM Treasury establish new taskforce to explore digital currency Read More »
The Bank of Japan said Friday that it has created a “liaison and coordination committee” intended to support its planned efforts to test a central bank digital currency (CBDC) in the coming weeks. As previously reported, Japanese central bank officials said this month that its experiments would begin in the spring. The purpose of the …
Bank of Japan forms committee to share details on CBDC proof-of-concept Read More »
The Bank of Japan (BOJ) will start experiments on a central bank digital currency (CBDC) this spring, according to central bank governor Haruhiko Kuroda. Reuters reported today that Kuroda said the bank must “prepare thoroughly” to issue a CBDC. That includes experimenting with how it would operate a digital yen during the course of this …
Bank of Japan to begin central bank digital currency experiments later this year Read More »
Deutsche Bank has joined the growing ranks of large financial institutions exploring cryptocurrency custody, with aspirations to offer high-touch services to hedge funds that invest in the asset class. The Deutsche Bank Digital Asset Custody prototype aims to develop “a fully integrated custody platform for institutional clients and their digital assets providing seamless connectivity to …
Deutsche Bank Quietly Plans to Offer Crypto Custody, Prime Brokerage- CoinDesk Read More »
Binance has temporarily suspended deposits in Nigerian naira – the country’s local fiat currency – in response to a Friday letter from Nigeria’s central bank (CBN) instructing local banks to identify and close all accounts tied to cryptocurrency platforms or operations. The CBN letter told local banking institutions that dealing in cryptocurrencies or facilitating payments …
Binance Suspends Deposits in Nigeria Following Central Bank Directive Read More »
The Office of the Comptroller of the Currency (OCC) granted another crypto-focused firm conditional approval to operate as a national bank. Protego will join Anchorage as a banking editor with approval from the federal government, according to a new announcement from the U.S. banking regulator. Protego aims to serve institutional clients interested in digital assets. …
OCC grants conditional bank charter to another U.S. digital asset-focused company Read More »