Banks News
US Regulators Greenlight Banks to Hold Crypto for Paying Network Fees
Under new OCC guidance, national banks may maintain native crypto on balance sheets for both payments and internal platform testing. ...
Czech National Bank Dips Into Crypto With $1M Test Portfolio in Landmark Experiment
The Czech National Bank (CNB) has built a US$1 million (AU$1.53 million) digital-asset ‘test portfolio’ in what it describes as a contro...
J.P. Morgan Launches JPM Coin on Public Blockchain, Bringing 24/7 Bank-Backed Settlements to Institutions
J.P. Morgan launched JPM Coin (JPMD), an interest-bearing deposit token on the Base layer-2 network for institutional clients. It provides f...
Italian Banks Back Digital Euro but Urge ECB to Ease Cost Burden
Italian banks have shown support for the development of the digital euro, but they consider the cost curve should be flattened. As per Reute...
Global Push Toward Stablecoins Accelerates as Banks, Visa, and Western Union Join the Race
Stablecoins are moving from pilots to production across banking, card networks, and remittances. Three developments this week indicate accel...
XRP Dispute Prompts Indian Court to Order WazirX Bank Guarantee After US$235M Hack
India’s Madras High Court has directed Zanmai Labs, operator of the crypto exchange WazirX, to provide a bank guarantee of approximately U...
Japan May Let Banks Hold Bitcoin in Landmark Financial Reform
Japan’s top financial regulator is considering a landmark policy shift that could permit domestic banks to invest in cryptocurrencies, inc...
Beijing Halts Chinese Tech Giants’ Stablecoin Ambitions in Hong Kong
Chinese tech and financial companies Ant Group and JD.com are now obligated to halt the issuance of stablecoins in Hong Kong following instr...
Ripple CEO Brad Garlinghouse Urges Equal Treatment for Crypto and Traditional Finance Firms
Ripple CEO Brad Garlinghouse has called on US regulators to give cryptocurrency firms the same access to financial infrastructure as traditi...
Deutsche Bank Predicts Central Banks Will Hold Bitcoin and Gold as Core Reserves by 2030
According to a report by Bloomberg, Deutsche Bank economists Marion Laboure and Camilla Siazon forecast that central banks could soon treat ...
BBVA Launches 24/7 Bitcoin and Ether Trading for All Spanish Customers
BBVA retail clients in Spain can now buy, sell and hold Bitcoin and Ethereum directly from the bank’s mobile app. The move marks another m...
Chainlink, UBS, and Swift Pilot Bridges Banks to Blockchain with Onchain Fund Transactions
A new integration between Chainlink and Swift has enabled UBS Asset Management to trial blockchain-based fund transactions without leaving t...