banks

'Very unlikely' that central banks will hold Bitcoin in near future

‘Very unlikely’ that central banks will hold Bitcoin in near future

News / By

European Central Bank president Christine Lagarde doesn’t think central banks will hold bitcoin anytime soon. During a conference call with The Economist, European Central Bank president Christine Lagarde said: “It’s very unlikely — I would say it’s out of the question” that central banks make such a move, according to a report by Business Insider.  …

‘Very unlikely’ that central banks will hold Bitcoin in near future Read More »

FinCEN Encourages Banks to Share Customer Data With Each Other- CoinDesk

FinCEN Encourages Banks to Share Customer Data With Each Other- CoinDesk

News / By

A U.S. agency that fights financial crime is encouraging financial institutions, ranging from banks to cryptocurrency exchanges, to share customer information with one another to catch wrongdoers. The Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury Department, issued a fact sheet Thursday spelling out that the 2001 Patriot Act gives institutions wide latitude …

FinCEN Encourages Banks to Share Customer Data With Each Other- CoinDesk Read More »

Rep. Waters calls on Biden to reverse policies that let banks custody cryptocurrencies and stablecoin reserves

Rep. Waters calls on Biden to reverse policies that let banks custody cryptocurrencies and stablecoin reserves

News / By

Congresswoman Maxine Waters has released a wide array of recommended policy changes and approaches to president-elect Joe Biden — a list that includes the rescinding of guidance from the Office of the Comptroller of the Currency focused on banks, cryptocurrencies and stablecoins.  In September, the OCC said that federally chartered banks can hold reserve funds …

Rep. Waters calls on Biden to reverse policies that let banks custody cryptocurrencies and stablecoin reserves Read More »

BoE deputy guv: banks must adjust to changes from CBDCs

BoE deputy guv: banks must adjust to changes from CBDCs

News / By

The Bank of England’s deputy governor Jon Cunliffe reportedly said that England’s central bank was not going to ensure that mainstream banking business would remain relevant or not when future digital currencies launch. Cunliffe said in a report: Our job is not to protect bank business models. Banks will have to adjust.  Our job is …

BoE deputy guv: banks must adjust to changes from CBDCs Read More »

Kraken Shows How Crypto Companies and Banks Are Evolving Together

Kraken Shows How Crypto Companies and Banks Are Evolving Together

News / By

Some say that meaningful change happens gradually. Others insist it erupts unexpectedly. This week, we saw that both are true.  Earlier this week, the Wyoming Banking Board voted to approve the application from San Francisco-based crypto exchange Kraken for a Special Purpose Depositary Institution (SPDI) banking charter. Yes, one of the crypto industry’s oldest exchanges …

Kraken Shows How Crypto Companies and Banks Are Evolving Together Read More »

Banks Won't Rush to Hold Crypto – But OCC's Regulatory Approval Makes It Harder to Ignore

Banks Won’t Rush to Hold Crypto – But OCC’s Regulatory Approval Makes It Harder to Ignore

News / By

The Office of the Comptroller of the Currency (OCC), a federal banking regulator in the U.S., is rapidly expanding crypto awareness on Capitol Hill. The OCC published an interpretive letter Wednesday announcing that in its view, nationally chartered banks are able to provide custody services for cryptocurrencies, a move that the industry widely praised as …

Banks Won’t Rush to Hold Crypto – But OCC’s Regulatory Approval Makes It Harder to Ignore Read More »

Industry startups cheer the OCC’s crypto custody move, but don’t bet on big banks jumping into bitcoin just yet

Industry startups cheer the OCC’s crypto custody move, but don’t bet on big banks jumping into bitcoin just yet

News / By

Quick Take The U.S. Office of the Comptroller of the Currency has opened the door for banks under its regulatory remit to offer crypto custody services. Industry startups cheered the move and pointed to potential business opportunities for the sector. Experts say the real beneficiaries will be small and medium banks — big banks not …

Industry startups cheer the OCC’s crypto custody move, but don’t bet on big banks jumping into bitcoin just yet Read More »

Italian Banks Are Ready to Trial a Digital Euro

Italian Banks Are Ready to Trial a Digital Euro

News / By

The Italian Banking Association (ABI) announced Thursday that its banks are willing to pilot a digital euro.   The group shared 10 considerations for a digital euro in Thursday’s announcement, starting with, “Monetary stability and full compliance with the European regulatory framework must be preserved as a matter of priority.”  The group prioritized the need for …

Italian Banks Are Ready to Trial a Digital Euro Read More »

Iranian Lawmaker Says Bitcoin Should Be Central Bank's Turf

Iranian Lawmaker Says Bitcoin Should Be Central Bank’s Turf

News / By

An Iranian lawmaker wants his country’s central bank to take bitcoin seriously. Representative Mohammad Hossein Farhangi (Tabriz), speaking Tuesday before the nation’s parliament, called on the Governor of the Central Bank of Iran, Abdolnaser Hemmati, to handle oversight of bitcoin, according to the Tasnim news agency.  Calling proper management of bitcoin a “good opportunity for …

Iranian Lawmaker Says Bitcoin Should Be Central Bank’s Turf Read More »

Scroll to Top