Stablecoins
BNY Mellon to become primary custodian for Circle’s USDC stablecoin reserves
America's oldest bank vowed to help Circle build “a stable and resilient financial ecosystem for the future.”
Liam Frost 2 min read Banking News
Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
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Liam Frost 2 min read 
Regulation
Report: Bank of England is working on crypto regulation framework
The United Kingdom's central bank wants to create “effective public policy frameworks to maintain broader trust and integrity in the financial system.”
Metaverse
HSBC plunges into the metaverse via Sandbox partnership
HSBC has become the first traditional global financial institution to purchase virtual land in the metaverse.
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Derivatives
Goldman Sachs looking to expand its crypto-related services
The Wall Street giant already offers its wealthiest clients the option to invest in select cryptocurrencies and is now looking to offer over the counter bilateral crypto options.
Regulation
Bipartisan bill: Lock down Russia’s gold reserves, U.S. may stop oil imports
A group of senators is introducing a bipartisan bill to prevent Russia from selling its gold reserves. Meanwhile, the U.S. may ban Russian oil imports, without participation of its European allies.
Banking
Centralised finance cripples Russia as Visa and Mastercard withdraw from country
Have SWIFT, PayPal, Mastercard and Visa finally exposed the vulnerabilities of centralised finance? Crypto may soon be the only transaction method left in Russia.
CBDCs
Central Banks have been tinkering with digital currencies, and IMF approves
Central Banks all around the world have been working on their own digital currencies. While some are at the verge of launching it, some just started working. Either way, IMF acknowledges the movement and states their support while the society thinks otherwise.
Legal
Why Russia can’t use crypto to evade sanctions
Can the Russian regime and elite use crypto to evade sanctions? This is a heated debate among people in crypto, the media and some politicians. The answer according to crypto lawyer Jake Chervinsky is no.
Legal
Russia SWIFT sanctions “picked carefully” to avoid German energy crisis
As Western countries have agreed on imposing restrictions cutting off Russian banks from the SWIFT global payment system, affected Russian banks are “picked carefully” to minimize potential energy crises.
Latest Banking News Headlines
Banking
America’s oldest bank to launch institutional crypto custody service
Banking
America’s oldest bank partners with Chainalysis to track crypto transactions
Regulation
SEC plans to 10x the definition of “accredited investor”
Regulation