Banks News
Reserve Bank of Australia and Mastercard Announce Successful CBDC Test
The Reserve Bank of Australia (RBA) and Mastercard have completed a trial that included the tokenisation of central bank digital currencies ...
JPMorgan Settles First Trade with BlackRock Amid Launch of Blockchain-based Tokenisation Platform
Traditional finance giants, JPMorgan, committed themselves to the blockchain sector yesterday upon launching their tokenisation platform. Th...
Canvas CEO Explores Australian eAUD in Exclusive Interview
David Lavecky, head of blockchain firm Canvas, recently spoke in an interview about the firm’s involvement in the Australian Reserve B...
Basel Committee to consider disclosure requirements for banks’ crypto assets
The fallout from the banking crisis earlier this year continues as the Basel Committee on Banking Supervision considers requiring banks to d...
BIS Proposes More Bank Supervision After 2023 Crisis
The Bank for International Settlements (BIS) cited the concentration of crypto assets in banks as one of the reasons for the 2023 banking cr...
Bank for International Settlements Reveals Launch of ‘Project Atlas’ in Effort to Track and Monitor Crypto
The Bank for International Settlements (BIS), in partnership with financial institutions across Europe, has been working toward a data syste...
Bank for International Settlements and European Central Banks Developing Crypto and DeFi-Tracking System
The Bank of International Settlements (BIS) is collaborating with central banks in Europe to develop a crypto and decentralized finance (DeF...
Deutsche Bank Under BaFin’s Scrutiny Amid Postbank Operational Failures
Deutsche Bank, which has weathered negative publicity in recent days thanks an enforcement action against one of its affiliates, now suffers...
Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse
Crypto-friendly Silvergate Bank ultimately collapsed this year due to over-dependence on risky crypto deposits and nepotism that led to inef...
Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets
The U.S. economy has been facing turbulent times lately, with the U.S. personal consumption expenditure (PCE) inflation index rising by a si...
JP Morgan’s Retail Bank Chase to Stop UK Customers from Making Crypto Transactions
JPMorgan’s UK-based retail bank, Chase, will prohibit its customers from conducting cryptocurrency transactions starting October 16.&n...
Stablecoins Could be Source of Financial Instability, New US Fed Report Suggests
In a recently published report by the United States Federal Reserve (Fed), titled “Runs and Flights to Safety: Are Stablecoins the New Mon...