Executive Financial News

Banco Santander named Héctor Grisi, its head of Mexico and North America operations as its new chief executive, as the Spanish bank braces for a period of economic uncertainty in many of its markets.

Mumbai: Over the last two months US-based Coinbase went from its ambitious target of tripling its workforce in India to laying off 8% of its workforce in the country. The largest crypto exchange in the US which launched its exchange services in India in April has laid off 8% of its employees, its vice president of engineering, Pankaj Gupta said on Twitter on Wednesday. This comes after its founder and CEO Brian Armstrong said on Tuesday that the company was laying off 18% (about 1,100) of its employees amid worsening macroeconomic conditions.

Fabio Panetta, an executive board member of the European Central Bank, or ECB, proposed the central bank limit the total holdings of a digital euro in an effort to prevent the digital currency from being used as a form of investment.

Frédéric Oudéa, chief executive of French bank Societe Generale, is set to step down from the bank next year, calling time on one of the longest reigns of a major European bank.

Frédéric Oudéa, chief executive of French bank Societe Generale, is set to step down from the bank next year, calling time on one of the longest reigns of a major European bank.

One of Visa's top executives is leaving the payments giant for a brokerage technology start-up, CNBC has learned.

Under this order, the state will begin the process of creating a regulatory approach to spur responsible innovation while protecting consumers, assess how to deploy blockchain technology for state and public institutions, and build research and workforce development pathways.

Gavin Newsom, the governor of California, has signed an executive order aimed at harmonizing a regulatory framework for blockchain between the federal government and the U.S. state as well as spurring innovation in the space.

Former Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo, known by some as Crypto Dad during his tenure from 2017 to 2019, spoke Thursday at the Crypto Bahamas conference on the topic of U.S. crypto regulation. He called the current U.S. regulations, many of which were written in the 1930s, “nonapplicable” to the current financial reality of cryptocurrencies.

Samson Mow, former chief strategy officer at Blokstream and founder of JAN3, is convinced that most decentralized finance protocols can’t compete with Bitcoin when it comes to providing an effective monetary network because of their lack of decentralization. 

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European Central Bank executive board member Fabio Panetta provided an overview of the central bank’s current research on a retail central bank digital currency Friday when he spoke at the IESE Business School Banking Initiative Conference on Technology and Finance. Panetta said the issuance of central bank digital currencies, or CBDCs, is “likely to become a necessity,” but warned that “they should not become a source of financial disruption that could impair the transmission of monetary policy in the euro area.”

Crypto executive Christine Brown, who was overseeing Robinhood’s cryptocurrency initiatives is leaving the brokerage firm, she confirmed via her Twitter account.

United States President Joe Biden’s Executive Order on Ensuring Responsible Development of Digital Assets was widely praised for acknowledging cryptocurrency and blockchain technology’s place in the world and setting the U.S. on a path toward more comprehensive regulation of the sector. The order, or EO, sets a research agenda that encompasses consumer protection, financial stability, crime and national security, U.S. leadership, servicing the underbanked and responsible development.

The UK’s criminal probe into Unaoil Group further unraveled, after a London appeals court on 24 March overturned the bribery conviction of an executive who had worked for a client of the oil-services consulting firm.

The order from one of the most powerful countries comes at a time when the number of Crypto users and platforms like CoinSwitch is growing at an exponential rate in India. So it is important for all of us to make sense of the order.Key Takeaways of the Executive Order

Credit Suisse chief executive Thomas Gottstein said that the bank is "reviewing" the situation in Russia, but has not yet decided to exit the country after it attacked Ukraine.

United States President Joe Biden signed the Executive Order on Ensuring Responsible Development of Digital Assets on March 9. The order had been expected for several months, giving some in the industry ample time to build up trepidation. Once the executive order, or EO, was released, however, it was met with a chorus of approval.

Credit Suisse chief executive Thomas Gottstein said that the bank is "reviewing" the situation in Russia, but has not yet decided to exit the country after it attacked Ukraine.

As Russia’s self-styled “special operation” against Ukraine continues, crippling economic sanctions remain the Western powers’ primary weapon to counter Russia’s military actions without triggering an even more dramatic escalation. As NATO and allies’ financial offensive unfolds, ensuring that the collective West presents a united front remains political leaders’ chief concern. The global crypto industry keeps getting suspicious looks as some agents of state power are seemingly entrenched in their beliefs that digital assets could be the weak spot undermining the efficiency of the sanctions push. Despite ample evidence to the contrary — including the FBI director’s Congress testimony — there are signs of increased regulatory pressure on the crypto industry participants, as well as policy initiatives that clearly capitalize on the situation to tighten state control of digital assets’ circulation.

On March 10, US President Joe Biden signed an executive order that is bound to set the future course of digital assets and cryptocurrencies in the US, with massive implications on a global scale.