banking News

Tether chief executive Paolo Ardoino is alarmed that Europe’s MiCA regulations on stablecoins, due to excessive cash reserves requirements, could pose systemic risks to banks. Paolo Ardoino, the chief executive of the company behind the largest stablecoin by market capitalization,…

Slovenia has made history by issuing the Eurozone’s first sovereign digital bond, utilizing the Canton blockchain platform for on-chain settlement. Slovenia has issued the Eurozone’s first sovereign digital bond in an on-chain transaction facilitated by French banking giant BNP Paribas…

Hong Kong-based digital bank ZA Bank is launching reserve banking services for participants of the stablecoin sandbox. Hong Kong‘s digital bank, ZA Bank, is now offering reserve banking services to stablecoin issuers, as the Hong Kong Monetary Authority (HKMA) reveals…

State Street is reportedly creating its own stablecoin and deposit token. The company is considering new ventures in blockchain technology and aims to use blockchain to settle payments. This development is part of State Street’s broader strategy to integrate digital…

While defi promises a democratized future, its complexity remains a barrier to entry, neobanks, with their user-centric approach, have the potential to bridge this gap.

The SEC has provided new guidance allowing banks to avoid reporting customers’ crypto funds on their balance sheets if they implement measures to mitigate associated risks. The U.S. Securities and Exchange Commission (SEC) has eased requirements, that previously mandated banks…

Bank of Italy Governor Fabio Panetta announced guidelines focusing on bank-issued electronic money tokens under new E.U. crypto asset rules to stabilize the payment system. The Bank of Italy is set to introduce guidance on crypto for financial institutions to…

A Woori Bank employee has reportedly been arrested for embezzling $15 million by manipulating loan documents and using the stolen funds to buy crypto. A Woori Bank employee has been arrested on Monday after being indicted for embezzling ₩18 billion…

Defi’s emergence and growing use represent a shift in finance, promising greater autonomy and accessibility for a broader demographic.

Duba-based digital bank Zand has signed a strategic partnership with Swiss crypto management platform Taurus to offer digital asset services. Swiss crypto management firm Taurus is now a “strategic partner” for Dubai-based digital bank Zand Bank as the financial lender…

Cryptocurrency exchange Backpack founded by ex-FTX employees has onboarded Citibank expert to serve as its head of audit. Crypto trading platform Backpack has onboarded banking veteran Laurence King to serve as the company’s head of audit in an effort to…

The USDT stablecoin issuer Tether has announced signing a partnership agreement with think tank BTguru to evaluate crypto initiatives in Turkey. Tether, the largest stablecoin issuer by market capitalization, is deepening its presence in Turkey through a new collaboration, which…

BitoPro’s parent company BitoGroup has entered into a partnership agreement with Far Eastern International Bank Bankee to launch “crypto-friendly bank account.” BitoGroup, the parent company of Taiwanese crypto exchange BitoPro, has teamed up with the local digital bank Far Eastern…

Starting May 30, U.K. digital bank Kroo will prohibit its customers from conducting cryptocurrency transactions.  Kroo, a London-based digital bank, has announced that it will no longer allow its customers to conduct crypto transactions. This decision is in response to…

This is Part Two of a three-part series interview with William Quigley, a cryptocurrency and blockchain investor and co-founder of WAX and Tether, conducted by Selva Ozelli exclusively for crypto.news

Russia’s central bank and Rosfinmonitoring pilot a new system to trace connections between crypto transactions and fiat operations. The Bank of Russia alongside Rosfinmonitoring, the country’s main body for financial intelligence, is working on a platform to detect connections between…