Banking News
BoE’s Andrew Bailey Hits the Brakes on Bank-Issued Stablecoins, Bets on Tokenised Deposits
Andrew Bailey, Governor of the Bank of England (BoE), has warned that allowing commercial banks to issue their own stablecoins could undermi...
Ripple Labs Seeks U.S. Bank Charter to Cement Crypto–Finance Bridge
Ripple Labs recently applied for a national bank charter with the US Office of the Comptroller of the Currency and a Master Account with the...
Germany’s Largest Banking Group to Offer Crypto Trading by Summer 2026
Times are changing fast. Crypto is becoming more institutionalised and everyone wants a slice. Following a three-year prohibition, Germany...
Crypto Fever Grips Bolivia: $430M in Transactions Drive 630% Year-On-Year Surge
Bolivia’s crypto payments have sharply increased in the past year, reaching over US$430M (AU$658M). This marks a 630 % jump since regula...
US Central Bank Chair Open to Crypto-Friendly Banking, Wants Legislative Clarity
Chair of the US Federal Reserve, Jerome Powell, told the US Congress on June 24 that he sees no problem with banks working with crypto firms...
Cantor, SoftBank, Tether, Bitfinex Team Up for $3B Crypto Mega-Venture
Cantor Fitzgerald’s newly appointed chair, Brandon Lutnick, who is US secretary of commerce Howard Lutnick’s son, is reportedly work...
Melbourne Accountant Sees $30K Assets Frozen: CommBank Flags Legit Crypto Purchase as a Scam
Andrew Broadbent, a Melbourne accountant, tried to invest AU$30,000 in Bitcoin last August through crypto brokerage Stormrake. But the Commo...
Stablecoin Surge Threatens Traditional Banking, Senator Gillibrand Warns Against FDIC Protection
US Senator Kirsten Gillibrand believes the stablecoin bill introduced by Senator Bill Hagerty in February presents necessary restrictions an...
Berkshire Hathaway Backed Nubank Expands Crypto Offerings to Include Cardano, Near Protocol, Cosmos and Algorand
Nubank is expanding its cryptocurrency offerings to now offer access to four new cryptocurrencies, bringing a total of 20 cryptocurrencies t...
South Korean Central Bank Urges Caution on Bitcoin as Part of Foreign Reserves Amid Volatility Concerns
According to Yonhap, South Korea’s central bank is not planning to join the international race to establish a Bitcoin reserve. It called f...
US Crypto Legal Update: Stablecoins, Trump Debanking Order and IRS Crypto Rule
A lot has happened in the past couple of days in the legal landscape of the cryptocurrency industry. First, lawmakers have introduced a fres...
“No Change in US Crypto Banking Under Trump”, Says Custodia Bank CEO Caitlin Long
Donald Trump’s return to the White House has raised hopes for a more crypto friendly environment in the United States. And while there are...