News
The Federal Reserve Bank has been exploring digital currencies to modernize the U.S. payments sector.
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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.
- Event Recap
Cointelegraph recently hosted a YouTube panel discussing brokers and banks involved in the crypto industry, based on a report from CV VC and PwC.
9056 - News
Stablecoin runs could occur if users lose confidence in the issuer or its network.
6854 - News
Banks cleared over $2 trillion in "suspicious" transactions. How did crypto fare in comparison?
5077 - Breaking news
Federal banks in the U.S. see new capacity to provide services to crypto firms, specifically stablecoin operators.
17918 - News
Before trying to apply blockchain to anything, think why.
6970 - Markets News
Bitcoin grapples with $11,000 as money laundering engulfs the banking sector again and coronavirus spoils stocks sentiment.
15009 - Opinion
We are at the start of some big changes in the financial world, and by combining DeFi and CeFi the transition to the future would be faster.
5435 - Newsletter
New developments at the state level in the U.S. defined this week's regulatory news.
3665 - News
Despite the COVID-19 pandemic, banks are reluctant to suggest alternative channels to their customers, says report.
3564 - Opinion
Why the government should make a monetary transition to Bitcoin, and the problems that cryptocurrency would help solve, such as preemptive war and national debt.
5027 - News
Top financial services experts continue to join the Libra project.
4867 - News
FinCEN is preparing to modernize its AML requirements for financial institutions to greater respond to the dynamic threats posed by “illicit finance.”
6436 - News
New money transmitter licensing promises to roll 40 states into a single exam and license.
4306 - News
The Swiss arm of Russia’s largest bank is exploring blockchain-based trade finance.
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