News
The Vatican Bank has denied any link to a suspicious crypto project offering fake memberships and token sales through a fraudulent “Vatican Chamber of Trade.”
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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.
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The trial is part of Project Acacia, an initiative from the RBA exploring how digital money and tokenization could support financial markets in Australia.
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Germany’s top banks, including Deutsche Bank and Sparkassen, are entering crypto with regulated trading and custody services by 2026.
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Shares of Kakao Bank, Kookmin Bank and the Industrial Bank of Korea rose by 10% to 19% following stablecoin trademark applications.
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Metaplanet aims to leverage its growing Bitcoin treasury to acquire cash-generating businesses, with a digital bank in Japan among its possible targets.
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Peter Thiel and other billionaires are planning Erebor, a new bank to fill the void left by Silicon Valley Bank’s collapse — with crypto firms and startups in focus.
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Before its collapse, Silicon Valley Bank had deep ties to crypto companies and venture capital funds investing in the industry.
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Belgium’s KBC Bank plans to let retail customers invest in Bitcoin and Ether via its Bolero platform, pending regulatory approval later this year.
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The Bitcoin halving cycle is unlikely to hurt the BTC price in the second half of 2025 due to strong ETF and corporate buying, Standard Chartered forecasts.
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Deutsche Bank reportedly plans to launch a crypto custody service in 2026 with Bitpanda and Taurus, expanding its digital asset initiatives in Europe.
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Sparkassen-Finanzgruppe execs once ruled out adopting crypto over concerns of volatility and risk, and the banking giant also blocked customer crypto transactions back in 2015.
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Other crypto firms are also reportedly considering applying for a national bank charter, following in the footsteps of Anchorage Digital Bank, which received a license in 2021.
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Nick van Eck, co-founder and CEO of Agora, behind one of the stablecoins Anchorage said it would phase out, claimed inaccuracies and an inconsistently applied framework.
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Bank of Korea governor Ryoo Sangdai reportedly said that banks should be the first to issue stablecoins, and they should do so slowly.
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Trump may issue an executive order to protect crypto firms from banking discrimination, ending what some call Operation Chokepoint 2.0, according to The Wall Street Journal.
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