Mon, July 14

US Banks Cautiously Eye Crypto Expansion, Awaiting Regulatory Clarity

Large American banks are gingerly venturing into the crypto sector. Even as regulators increasingly give their stamp of approval, these banking behemoths are still hesitant to take the plunge into digital currencies. Rather, they are choosing small-scale pilot projects, alliances, and modest crypto-trading endeavors, according to a number of industry

May 29, 2025 2 mins read

Bunq Launches Crypto Trading in Europe, Partners with Kraken

Bunq, a neobank operating within 30 European countries, is spreading its services and will collaborate with Kraken to include crypto trading. Having over 17 million users in Europe, Bunq has planned to introduce a crypto trading service known as Bunq Crypto.  The trading service will be offered in six European

April 30, 2025 2 mins read

Eric Trump Warns Banks to Embrace Crypto or Disappear Within a Decade

Eric Trump has issued a strong warning to banks during an interview in Dubai, saying they must adapt to crypto or vanish. The vice president of the Trump Organization said the traditional financial system is no longer efficient. He emphasized that banks must adjust to technological change or risk becoming

April 30, 2025 2 mins read

US Banks No Longer Need Fed Approval to Enter Crypto Space

The US Federal Reserve has officially dropped its long-standing guidance that required banks to jump through hoops before offering crypto-related services. Gone are the days when state-chartered banks had to alert the Fed in advance or wait for written approvals to deal in stablecoins or digital assets. In a decisive

April 25, 2025 2 mins read

Australia Tightens Crypto Rules with New Licensing and Banking Reforms

Australia is about to overhaul its crypto regulations, which requires  exchanges and stablecoin issuers to  now obtain a financial services license. This is an initiative to tackle the debanking crisis affecting digital asset firms.  The proposed framework aligns with global regulatory trends, in a move to enhance consumer protection, market

March 21, 2025 2 mins read

Singaporean SBI DM Plans to List Digital Assets on German Firm 21X

In the last 24 hours, amid several news reports, the cryptocurrency sector witnessed the release of governmental institutions’ Bitcoin holdings data. The governmental reserves alone account for 2% of Bitcoin’s total supply. This indicates a widespread adoption of cryptocurrency in the global economy.  Moreover, several banks have begun listing digital

September 26, 2024 2 mins read

China’s Central Bank Announces Major Rate Cuts and Stimulus

China has announced significant monetary easing measures, including multiple rate cuts and a reduction in banks’ reserve requirements, to stimulate its struggling economy. The People’s Bank of China (PBOC) will lower the reserve requirement ratio (RRR) for banks by 50 basis points (bps), which is expected to release approximately $142

September 24, 2024 2 mins read

Commerzbank Rolls Out Bitcoin and Ethereum Trading Services in Germany

Commerzbank, Germany’s second-largest bank by branches, has partnered with Crypto Finance, a subsidiary of Germany’s largest stock exchange operator, to provide crypto trading services for its corporate clients.  According to the announcement, this move will initially focus on Bitcoin (BTC) and Ethereum (ETH), allowing businesses to easily and securely engage

September 19, 2024 1 min read

US SEC Maintains Strict Stance on Crypto Custody Rules for Banks

The U.S. Securities and Exchange Commission (SEC) has reinforced its strict stance on limiting crypto custody services for banks and regulated financial firms. In a recent talk at a banking conference on September 9, SEC Chief Accountant Paul Munter reaffirmed the agency’s firm position on rules governing the custody of

September 10, 2024 2 mins read

Ex CEO Sentenced to 24 Years in Prison for Crypto Scam

The Former CEO of Kankas Heartland Tri-state Bank is sentenced to 24 years in prison. You reap what you sow is now vividly seen in the actions of Shan Hanes. The ex-CEO of failed Heartland Tri-state Bank who fell for a crypto scam, is now facing consequences for his wrongdoings.

August 20, 2024 2 mins read
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