News
Bitcoin adoption may accelerate after the US Federal Reserve eased restrictions on banks engaging in crypto activities, opening the door for institutional participation.
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Banks News
While one of the goals of cryptocurrencies is to render traditional banking obsolete, banks as a financial institution still play a critical role in the advent and adoption of the emerging crypto economy in two ways.
Firstly, outside of a physical cash exchange for cryptocurrency, banks provide the fiat bridges to cryptocurrency markets. Without them, the influx of capital and interest in the blockchain industry would be nowhere near the magnitude it is today.
Secondly, many of the world’s leading banks are researching and, in some cases, developing their own central bank digital currencies, or CBDCs, which aim to secure hegemony in the digital asset space largely in response to the growth of the crypto economy.
As digital finance evolves before our eyes, banks as a commonplace financial organization may change drastically in their role and purpose in society — even if it leads to obsolescence.
- News
The Fed is rescinding its supervisory letter from 2022 that called for notification in advance of planned or ongoing crypto-asset activities.
11030 - Explained
Understand how quantitative easing works, its pros and cons, and its effects on global markets and crypto.
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The Financial Times reports that Tether will fork out $1.5 billion, Softbank Group will add $900 million and Bitfinex will put in $600 million to a new crypto acquisition company, 21 Capital.
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Coinbase confirmed it is considering applying for a US federal bank charter amid moves by crypto firms to integrate with the traditional financial system.
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Major crypto firms, including Circle, BitGo, Coinbase and Paxos, are exploring bank charters amid evolving US stablecoin regulations, according to The Wall Street Journal.
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The Bank for International Settlements warns that crypto and stablecoins may destabilize finance and widen inequality, urging stronger regulation in response.
24810 - News
The exact nature of the alleged probe remains unclear, though Homeland Security’s El Dorado Task Force primarily targets international money laundering and financial crimes.
4005 - Market Analysis
Rising systemic risks and distrust in the Federal Reserve could push investors toward Bitcoin as a safe haven.
5492 - News
OKX and Standard Chartered launched a pilot letting institutions use crypto and tokenized money market funds as collateral, starting under Dubai’s virtual asset regulations.
9666 - News
Taurus’s interbank digital asset network launches with participation from Arab Bank Switzerland, Capital Union Bank, Misyon Bank, Swissquote and others.
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Thai regulators are sharpening measures against digital asset mule accounts, restricting foreign crypto P2P platforms and imposing penalties of up to $8,700.
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As the crypto industry grows and ties in with traditional markets, sharp price falls could increasingly disrupt the broader market, says ESMA executive director Natasha Cazenave.
9702 - News
Messari’s Eric Turner and Sygnum Bank’s Thomas Eichenberger expect a global push into Bitcoin by banks in 2025 as regulators embrace crypto.
11825 - Opinion
Stablecoins power deobanks, a new generation of decentralized banks that offer accessible, efficient and transparent financial solutions, especially in high-risk areas.
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