Banking News

Pictet's Asia arm CEO Tee Fong Seng said that though cryptocurrencies have potential, now is not the right time for private banks to invest.

Senator Elizabeth Warren is calling on the OCC to work with the Fed and the FDIC in replacing some regulations on crypto custodial services with more consumer-centric approaches.

The ECB believes that a CBDC would be superior for cross border payments versus private cryptocurrencies like Bitcoin.

The Bank of Japan said it needs to explore the idea of a digital Yen further before giving it a greenlight as people have better options already.

Leading European banking institution Santander plans on providing its Brazilian clients with access to a crypto trading solution soon.

Nigeria's low-cost digital currency e-Naira is having gaining traction as banks are reluctant to promote it due to concerns that it will impact their revenue.

Hong Kong Monetary Authority recently said that crypto will probably play a central role in the financial systems in the future.

Several top executives of traditional firms have left their jobs for web3 projects.

Angry crowds gathered in Zhengzhou demanding access to their bank deposits. Some say self custody of Bitcoin is the answer.

Banking Circle announced that it will allow payments in USDC as well as conversion of USDC to fiat currencies.

This means banks can hold 1% of its core reserves in cryptocurrencies. For banking mammoths like JP Morgan, this means billions of dollars.

This partnership will see New York Community Bank become a custodian of Circle’s USDC stablecoin.

The crypto finance provider is pausing withdrawals and redemptions in response to harsh market conditions.

Crypto market remained stable following the US Federal Reserve's decision to raise interest rates will be raised by 75 basis points.

Tether stated that commercial papers constitute less than 25% of USDT’s backing, adding that it does not have lending exposures to Celsius and Three Arrows Capital.

FTX.US president Brett Harrison says major futures commission merchants are open to the exchange’s proposal.

CryptoSlate data shows that the circulating supply of USDT dropped to $73.3 billion on Monday from the $84.2 billion on May 11.

BNP Paribas will be able to borrow cash against tokenized U.S. treasury bonds for a few hours on J.P. Morgan's blockchain Onyx.