bank News

The Hong Kong Monetary Authority has cautioned the public against crypto firms that describe themselves as banks or offer products termed as deposits. On Sept. 15, the Hong Kong Monetary Authority (HKMA) issued a public statement expressing concern over crypto…

Binance’s founder says challenges related to fiat ramps can prevent the market from onboarding the next 100 million users. Trouble seems to be brewing on the horizon for the crypto market as tight regulations forced traditional institutions to pull away…

ANZ, a key player among Australia’s “Big Four” banks, adopts Chainlink’s cross-chain interoperability protocol (CCIP) for simulating tokenized asset purchases. The latest move highlights ANZ’s ability to facilitate fund transfers across public and private blockchain networks, advancing the ongoing trials…

With the SDK, Hedera wants to bring more stablecoin applications, sparing developers from blockchain hurdles. Hedera, an open-source proof-of-stake network, is set to compete with blockchain giants like Ethereum (ETH) in deploying stablecoins with a new toolkit. In a blog…

Anatoly Aksakov, head of Russia’s Banking Committee, believes that the digital ruble could potentially render traditional banking institutions obsolete. In a discussion at the AiF.Media club, Aksakov opined that the evolving landscape of financial technology could reduce the necessity for…

The South Korean bank KEB Hana Bank closed a new partnership with the cryptocurrency company BitGo to develop crypto custody. The partnership between the two companies will aim to develop a cryptocurrency custody business in South Korea. KEB Hana Bank…

Tether is including the Bahamas-based bank as a dollar transfer processor on its platform. The partnership between both entities will allow Tether to expand its regional presence.

Australian crypto exchange Independent Reserve forms a strategic alliance with PayPal, offering users enhanced funding options amidst increasing local bank restrictions. The Australian cryptocurrency exchange Independent Reserve has closed a partnership with PayPal. The partnership will allow crypto exchange customers…

The Federal Reserve has taken action against Farmington State Bank, previously linked to FTX, following undisclosed business strategy shifts

Silvergate, once known as a crypto-friendly bank, faces significant changes as CEO Alan Lane and two other key executives prepare to leave. Alan Lane and the firm’s chief legal officer, John Bonino, will step down on Aug. 15. Antonio Martino,…

Spain's leading private bank A&G has launched a crypto investment fund, indicating a rise in adoption in the European nation.

Mox Bank, an online-only bank in Hong Kong, blocked some user accounts previously involved in crypto transactions. Some complain they have nothing to do with digital currencies. Although the virtual bank started to review the issue, some users have pointed…

Hong Kong-based crypto exchange LBank is preparing to introduce what it claims to be the world’s first unlimited cryptocurrency credit card. The upcoming card, available in virtual and physical forms, will allow users to make direct cryptocurrency payments through LBank’s…

Crypto friendly bank, JPMorgan Chase, was fined $4 million by the SEC for accidentally deleting 47 million emails from its retail banking group

Commonwealth Bank (CBA), the largest financial institution in Australia, has announced its decision to either halt or temporarily suspend payments to crypto exchanges due to the substantial risk of fraudulent activities. On June 8, CBA disclosed that it would reject…

Reginald Fowler, a former co-owner of the Minnesota Vikings and prominent figure in the NFL, has been handed a six-year prison sentence after being found guilty of running a "shadow bank" operation within the crypto industry.