Banks – Dec LM

Struggle for Stablecoin Dominance Set to Enter Third Round, Fireblocks Says

The competition for stablecoin dominance is entering a third phase and companies such as Tether, issuer of the largest token, and Circle, the No. 2, are setting up their...

FDIC Reverses U.S. Crypto Banking Policy That Demanded Prior Approvals

The Federal Deposit Insurance Corp. will no longer instruct banks to get prior sign-off before they engage in crypto activities — a standard that was set in 2022 and...

Banks’ Spot Crypto Holdings Continue to Collapse as Firms Move to ETPs

Banks across the globe held a total of 341.5 billion euros ($368.3 billion) in crypto assets under custody in the second quarter of 2024 but spot crypto assets now...

Crypto’s Debanking Worries Hit Another Big Stage in U.S. House

The industry's U.S. banking crisis may be retreating as a second congressional committee sheds light on how crypto businesses have been treated by regulators.

Trump’s FDIC Chief Rethinks Crypto Guidance as U.S. Senators Probe Debanking

FDIC Acting Chairman Travis Hill said the agency is overhauling its crypto approach, just as U.S. senators examined regulators keeping banks out of crypto.

Chillguy Creator Threatens Legal Action as Crypto Trenches Scour TikTok

The chillguy göğüs has recently gained traction on platforms like TikTok and among brands. But its creator is unamused with a parody memecoin.

Global Banking Standard Setter Approves Disclosure Framework for Crypto Exposures

The Basel Committee's framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.

More Central Banks Are Exploring a CBDC, BIS Survey Finds

There's a greater chance of a wholesale CBDC being issued within six years than a retail one, according to the report.

BlackRock’s Bitcoin ETF Now Invites Participation From Wall Street Banks

A change to the structure of proposed spot bitcoin ETFs would enable authorized participants (APs) to create new shares in the fund with cash, rather than only with cryptocurrency,...

Banks Must Disclose Crypto Exposures, Global Regulator Says

The guidance will ensure transparency and market discipline, the Basel Committee on Banking Supervision said