Adoption
State Street and Citi reportedly eyeing crypto custody services
State Street will roll out its services next year, while Citi is already diving deeper into crypto.
Gino Matos 2 min read 
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Gino Matos 2 min read 
Stablecoins
Tether refutes JPMorgan’s suggestion it will sell Bitcoin to navigate regulation
Tether dismisses concerns over regulatory compliance, boasts $20 billion liquidity surplus to adapt easily.
ETF
JPMorgan increases crypto holdings via ETFs, but stays cautious at $1 million
Despite a 69% increase in Bitcoin exposure, Ethereum-related ETF shares grew by less than $10,000.
More Banking News & Analysis
Banking
Powell says Fed has no intention of preventing banks from offering crypto services
Powell said banks and the Fed should be mindful that crypto activities can be done inside financial institutions.
CBDCs
Bank of England gov warns digital pound must not undermine commercial banks
BoE governor Andrew Bailey also discussed Bitcoin and stablecoins, calling the former a speculative asset, while acknowledging the latter could serve a monetary purpose.
CBDCs
Powell guarantees no CBDC as long as he leads the Federal Reserve
Powell remarks align with the Fed cautious stance regarding a CBDC.
Banking
ECB empowers fintechs with direct access to Europe’s central bank payment systems
ECB's regulatory move enables fintechs direct Eurosystem access, enhancing competition and reducing dependency on traditional banks.
Macro
Fed Chair Jerome Powell says banks can serve crypto clients if risks are managed adequately
The brief mention to the relation between banks and crypto was enough to make Bitcoin rebound 3.3%.
Crypto
Congress probing crypto industry’s ‘systematic’ debanking under Biden regime
The Committee is asking for evidence regarding cases of crypto firms being denied of banking services.
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Stablecoins
Taiwan’s FSC outlines regulatory path for bank-issued stablecoins
TradFi
Morgan Stanley CEO says lender is exploring path to offer crypto in the US
Adoption
Swiss state-owned lender PostFinance deepens crypto push with Ethereum staking debut
CBDCs