Tag: banks
All news related to banks.
Banking Lobby Sounds Alarm Over Stablecoin Yield ‘Loophole’ in GENIUS Act
Reading Time: < 1 minuteA coalition of US banking organizations, led by the Bank Policy Institute (BPI), is pressing lawmakers to amend the GENIUS Act.
Paxos Seeks Federal Charter Amid Stablecoin Regulatory Shift
Reading Time: < 1 minutePaxos, the issuer of PayPal USD and Pax Dollar, has filed for a national trust bank charter, seeking to transition from New York state oversight to federal regulation under the OCC.
Trump Takes on Debanking: Executive Order Targets Crypto Crackdown
Reading Time: < 1 minuteIn a major move for the crypto sector, President Donald Trump is set to order a sweeping investigation into alleged debanking of digital asset firms and conservative organizations.
JPMorgan’s Chase Credit Cards Now Support Crypto Purchases via Coinbase
Reading Time: < 1 minuteJPMorgan is partnering with Coinbase to let users buy digital assets with their credit cards starting this fall.
US Banking Lobby Opposes Expedited Crypto Bank Licenses
Reading Time: < 1 minuteMajor US banking associations have called on the Office of the Comptroller of the Currency (OCC) to delay approvals for crypto firms seeking national bank charters, arguing that the move would represent a major policy shift.
Standard Chartered Rolls Out Institutional Crypto Trading with BTC & ETH Support
Reading Time: < 1 minuteStandard Chartered has expanded its financial services with a new institutional cryptocurrency trading desk, offering spot trading for Bitcoin and Ethereum.
Fed, FDIC, and OCC Outline Crypto Custody Rules for Banks in New Guidance
Reading Time: < 1 minuteUS banking regulators have clarified how traditional financial institutions can hold cryptocurrency on behalf of customers, stressing that existing safeguards apply.
Ripple Joins Race for Federal Banking Charter Amid Stablecoin Push
Reading Time: < 1 minuteRipple has officially applied for a national banking license with the OCC, positioning itself for stricter regulatory oversight and expanded financial services.
Deutsche Bank’s 2026 Crypto Custody Plans Signal Institutional Shift
Reading Time: < 1 minuteDeutsche Bank is joining the crypto custody race, with plans to debut its service in 2026, Bloomberg reported.
Sparkassen Reverses Crypto Stance, Plans Retail Trading by 2026
Reading Time: < 1 minuteThree years after dismissing cryptocurrencies as “highly speculative,” Germany’s Sparkassen-Finanzgruppe is preparing to offer crypto trading to retail clients
Circle Takes Next Step Toward Traditional Banking with US License Bid
Reading Time: < 1 minuteCircle Internet Group has filed for a national banking license, per Reuters.
Barclays to Block Crypto Purchases on Credit Cards This Week
Reading Time: < 1 minuteBarclays will ban cryptocurrency transactions made via its Barclaycard credit cards starting Friday, citing concerns over market volatility and investor risks.
‘JPMD’ Trademark Fuels Rumors of JPMorgan’s Stablecoin Launch
Reading Time: < 1 minuteA new trademark filing from JPMorgan Chase—”JPMD”—has sparked fresh speculation about the banking giant’s crypto ambitions.
Societe Generale Launches First Major Bank-Issued Dollar Stablecoin
Reading Time: < 1 minuteFrance’s Societe Generale announced plans to introduce a dollar-pegged stablecoin, becoming the first major bank to enter the dollar-backed crypto market.
JPMorgan Embraces Crypto ETFs, Will Accept Them as Loan Collateral
Reading Time: < 1 minuteIn a major step for institutional crypto adoption, JPMorgan Chase will soon permit clients to pledge Bitcoin ETFs as loan collateral.
Sber Pioneers Regulated Bitcoin-Linked Bonds in Russia
Reading Time: < 1 minuteIn a move blending traditional finance with digital assets, Sber—Russia’s largest bank—has rolled out a regulatory-compliant Bitcoin-linked bond.
Santander Explores Stablecoin Launch and Retail Crypto Services
Reading Time: < 1 minuteBanco Santander SA is reportedly considering the introduction of a stablecoin and expanded cryptocurrency services for retail customers.
Spanish Bank to Offer Crypto Services
Reading Time: < 1 minuteSpanish bank Cecabank and crypto exchange Bit2Me are set to offer a crypto service for banks, pending approval from the Spanish securities regulator.
Major US Banks Consider Joint Stablecoin Venture
Reading Time: < 1 minuteSeveral leading US banks are in early discussions about collaborating to issue a shared stablecoin, according to a Wall Street Journal report on Thursday.
JPMorgan to Offer Bitcoin to its Clients
Reading Time: < 1 minuteJPMorgan Chase has decided to allow clients to buy Bitcoin, although CEO Jamie Dimon remains wary of the cryptocurrency.
Eurpol Dismantles a Sophisticated Mafia-related Crypto Bank
Reading Time: < 1 minuteInternational authorities have dismantled a sophisticated fraud operation that stole over €3 million from more than 100 victims through a fake online investment scheme.
US Regulator Says Banks Are Allowed to Buy and Sell Customers’ Crypto
Reading Time: < 1 minuteNational banks can now expand into crypto trading and custody services without prior OCC approval, per Wednesday’s interpretive letter.
Fed Drops its Crypto Guidance for Banks
Reading Time: < 1 minuteThe Federal Reserve Board announced on Thursday that it is withdrawing guidance related to banks’ activities in crypto-assets and dollar tokens, along with revising its expectations for these activities.
Nubank Adds ADA, NEAR and ATOM to its Crypto Offerings
Reading Time: < 1 minuteNubank has expanded its crypto offerings by adding four altcoins: Cardano, Near Protocol, Cosmos, and Algorand, to its portfolio for 100 million clients in Brazil.
Xapo Bank Launches Bitcoin-Backed Loans
Reading Time: < 1 minuteXapo Bank, based in Gibraltar, has introduced Bitcoin-backed loans, allowing consumers to access USD funds without selling their assets.