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The Hong Kong Monetary Authority cautions the public on overseas crypto firms falsely claiming to be banks, urging caution as such claims may violate local banking laws. Hong Kong‘s financial regulator, the Hong Kong Monetary Authority, warning against overseas crypto…
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UBS has successfully piloted its blockchain-based payment system to enhance the efficiency of cross-border transactions. Multinational investment giant UBS has completed a pilot of its blockchain-based payment system dubbed “UBS Digital Cash,” aimed at improving the efficiency of cross-border transactions.…
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FV Bank and Visa have partnered to introduce new debit and corporate expense cards, which were announced at Money 20/20 in Las Vegas. FV Bank’s new Visa cards let customers spend fiat and digital assets globally, marking a first in…
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The Bank for International Settlements and central banks from Australia, South Korea, Malaysia, and Singapore have introduced Project Mandala, a system that embeds regulatory compliance directly into cross-border financial transactions. This initiative addresses common hurdles in international transactions, such as…
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Ripple-backed crypto firm Keyrock is teaming up with Deutsche Bank to leverage the bank’s institutional infrastructure to support multi-currency accounts and FX services. Keyrock, an international crypto market maker and liquidity provider, has announced a strategic partnership with Deutsche Bank,…
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Ripple is entering the custodian space, unveiling a range of new services to assist financial institutions in managing crypto for their clients. According to a CNBC report on Oct. 10, the San Francisco-based blockchain firm wants to position the recently…
XRP
XRP
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Taiwan’s financial watchdog reportedly plans to launch a pilot program for crypto custody services, with three banks already expressing interest. Taiwan‘s Financial Supervisory Commission is set to launch a pilot program for crypto custody services, aiming to stimulate institutional adoption…
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American financial giant State Street is exploring blockchain technology to tokenize bonds and money market funds for enhanced collateral management. State Street, the largest custodian bank in the world, is leveraging blockchain to explore the tokenization of bonds and money…
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The Bank of Russia is planning to investigate cross-border crypto transfers by residents, focusing on banking channels to assess the volume of crypto-related operations. Russia‘s central bank will conduct an investigation into cross-border crypto transactions by residents in Q4 and…
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ZA Bank becomes the first Hong Kong digital-only bank to gain a license from the Securities and Futures Commission for Type 1 regulated activity. According to Hong Kong news outlet HKEJ, on Sept. 30 a ZA Bank spokesperson said that…
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Ahead of today’s Congressional hearing on SEC oversight, Republicans urged Gensler to repeal SAB 121
Republican lawmakers have strongly requested that the U.S. Securities and Exchange Commission repeal a controversial rule for banks that deal with crypto. Yesterday, Sept. 23, a group of more than 40 members of Congress sent signed letters to the heads of…
BTC
Bitcoin
News
Following an exemption from an SEC staff accounting bulletin, BNY edged closer to Bitcoin and Ethereum custody. Bloomberg reported that BNY was poised to provide crypto custodial services for spot Bitcoin (BTC) and spot Ether (ETH) exchange-traded funds on Wall…
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PayPal is teaming up with Anchorage Digital to promote its stablecoin PYUSD, despite legal issues and regulatory uncertainties surrounding stablecoin interest payments. This partnership, first reported by Fortune, will incentivize institutional investors to hold PayPal’s PYUSD (PYUSD) by offering rewards…
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Crypto has been in turmoil over the weekend, but trading volumes in Bitcoin ETFs are hitting unprecedented levels, and despite widespread sell-offs, major financial institutions don’t appear to be selling — yet. Within just 20 minutes of Monday Aug. 5th…
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Morgan Stanley has become the first major Wall Street bank to allow its financial advisors to advise Bitcoin ETF investments. Morgan Stanley will now allow its financial advisors to offer Bitcoin (BTC) ETFs to eligible clients starting August 7, according…
BTC
Bitcoin
News
Swiss crypto bank Sygnum has recorded profits in the first half of 2024 after witnessing a surge in crypto trading volume. According to an announcement shared with crypto.news, the bank’s first-half spot crypto trading volume has doubled since 2023. This…
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