County Banks Financial News

12.03 / 09:23

regulation Silicon Valley Bill Ackman warns US gov't: Fix mistake in ‘48 hours’ or face ‘destruction’

Billionaire Bill Ackman has urged the United States government to “guarantee” all Silicon Valley Bank's (SVB)'s deposits within the next “48 hours,” or it risks the “destruction” of many financial institutions.

10.03 / 08:49

Stablecoin regulation economy Federal Reserve Financial Systems US Fed to create new crypto team amid concerns about unregulated stablecoins

The United States Federal Reserve is set to create a “specialized team of experts” to keep up with developments in the cryptocurrency industry, according to a Fed official, amid concerns from the Fed of “unregulated” stablecoins.

06.03 / 10:43

Blockchain CBDC Adoption Central Bank KYC Pakistan banks agree on blockchain-based KYC system development

Pakistan Banks’ Association (PBA) — a group of 31 traditional banks operating in Pakistan — signed off on the development of a blockchain-based platform for Know Your Customer (KYC) initiatives.

05.03 / 00:15

business Bybit halts USD bank transfers citing partner outages

Dubai-based crypto exchange Bybit has suspended United States dollar (USD) deposits via bank transfers in response to "service outages from a partner". Funds can be withdrawn through wire transfers until March 10.

03.03 / 01:43

Ethereum Stablecoin Japanese Banks to Trial Stablecoins on High-Speed Blockchain – How Does it Work?

Banks in Japan are starting a trial for issuing fully compliant stablecoins on an ultra-fast but largely centralized blockchain known as the Japan Open Chain.

24.02 / 02:21

regulation Federal Reserve Central Bank banking Reserve US Federal Reserve denies Custodia Bank's request for Fed supervision

The United States Federal Reserve has denied a request from cryptocurrency bank Custodia Bank to reconsider its membership application to the Federal Reserve System.

18.02 / 08:59

business regulation SEC Staking Custodia Bank CEO slams Washington’s ‘misguided crackdown’ on crypto

The CEO of Custodia Bank Caitlin Long has slammed regulators and lawmakers in Washington D.C. for their “misguided crackdown” on the crypto sector, and also for ignoring her warnings of major “fraud” allegedly conducted by now-bankrupted entities.

15.02 / 14:09

UPS Provident Digital coinbase Fallout Chase Banks limit deals with crypto firms amid rising regulation

Banks in the traditional finance sector are exercising caution before interacting with companies operating in the crypto space, thanks to the current sentiments of banking regulators. Recent statements from these regulators have pointed towards a not-so-friendly stance towards crypto firms.

31.01 / 19:59

regulation FTX Congress lawmakers US lawmakers US lawmakers renew request for answers from Silvergate on FTX: Report

Several United States senators have reportedly penned a letter requesting answers from Silvergate Capital — the parent company of Silvergate Bank — related to the collapse of cryptocurrency exchange FTX.

17.01 / 08:13

regulation banking Japanese regulators want crypto treated like traditional banks

Financial regulators in Japan have urged global regulators to treat crypto the same way as they do banking, calling for tougher rules for the sector.

22.12 / 05:23

regulation Central Bank Financial Crypto could spark the next financial crisis, says India’s RBI head

The governor of the Reserve Bank of India (RBI), Shaktikanta Das, did not mince his words when discussing the crypto sector at a recent conference, asserting that “private” crypto will be behind the next financial crisis.

14.12 / 02:15

Blockchain Technology goldman sachs What Goldman Sachs' CEO misunderstands about private blockchains

Only one of the following news items is real, but someday, all will sound equally comical.

06.12 / 19:55

regulation lawmakers US lawmakers US lawmakers request answers from Silvergate over ties to FTX: Report

Three members of the United States Senate have reportedly penned a letter to Silvergate Bank requesting information about any relationship with FTX and business entities under former CEO Sam Bankman-Fried.

01.12 / 17:57

Blockchain Ethereum MetaMask Russia's Sber bank integrates Metamask into its blockchain platform

Russia’s largest bank Sber — formerly known as Sberbank — continues developing its blockchain platform by integrating it with the Ethereum blockchain.

24.11 / 16:09

business Bitcoin UK bank Starling bans crypto-related purchases and deposits citing high risk

Starling — a digital bank based in the United Kingdom — is the latest financial institution to ban crypto-related transfers and activities for its cardholders.

22.11 / 13:45

ATM Bitcoin How to buy cryptocurrency in Canada?

Purchasing cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE) or Ether (ETH) in Canada is on an upsurge as crypto ownership rises. Moreover, the Ontario Securities Commission, in their report, stated that more than 30% of Canadians plan to buy crypto assets in 2023.

15.11 / 23:47

Government Insurance Backed Agency FDIC acting chair says no crypto firms or tokens are backed by agency

Federal Deposit Insurance Corporation acting chair Martin Gruenberg said the agency does not back any crypto firms in the United States, nor does its insurance cover losses from tokens.

15.11 / 01:15

Government Insurance President Biden announces pick for FDIC chair

United States President Joe Biden announced he would be nominating Federal Deposit Insurance Corporation, or FDIC, acting chair Martin Gruenberg to assume the position as part of a five-year term.

02.11 / 16:23

business Government Stablecoin Bitcoin Union Bank Union Bank of the Philippines launches Bitcoin and Ethereum trading

The Union Bank of the Philippines (UnionBank), one of the largest universal banks in the Philippines, debuts cryptocurrency trading via a partnership with a Swiss crypto firm.

02.11 / 07:17

Government Asia Singapore bank DBS uses DeFi to trade FX and state securities

DBS Bank, a major financial services group in Asia, is applying decentralized finance (DeFi) for a project backed by Singapore’s central bank.

01.11 / 11:57

corruption Bitcoin information El Salvador's Bitcoin purchase information can't be made public: Trustee

Ever since El Salvador legalized Bitcoin (BTC) as mainstream tender, President Nayib Bukele used Twitter on numerous occasions to announce the country’s BTC acquisitions. However, ALAC El Salvador — a non-governmental anti-corruption bureau — was recently denied information from a state development bank, BANDESAL, regarding El Salvador’s Bitcoin purchases and sales.

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