News
An Australian Bitcoin exchange operator has taken legal action against two commercial banks in the country, accusing them of discriminatory practices.
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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.
- Breaking news
With Acting Comptroller Brooks on his way out the door, the OCC has given its first digital bank charter.
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Brooks considers the migration of the financial system onto the internet "inevitable."
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The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble.
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Brooks is optimistic that regulators will find it easier to work with algorithms than with bankers.
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Bitcoin made a swift 20% recovery from the weekend’s bloodbath, while American banks prepare to post major losses in their upcoming quarterly reports.
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South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit.
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The OCC’s acting head is pushing against the Consumer Financial Protection Bureau’s intention to charter non-depository fintech firms.
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HDBank has processed its first L/C transactions since joining the Contour platform for international trade.
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The Italian Banking Association, ABI, is conducting digital euro tests as the European Central Bank is yet to make a clear decision on a central bank digital currency.
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More state regulators are gunning for the OCC and Brian Brooks, this time over usury laws and predatory lending.
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The latest from the Treasury's most crypto-forward office says that national banks don't have to fear stablecoin nodes.
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When it comes to crypto regulation, the United States is falling further behind more progressive and visionary nations.
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The heirs to the Bank of England may think they’re still leading, but their only options are to follow crypto or get out of the way.
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A major network of state banking regulators is renewing its attack on the OCC's moves to register non-depository institutions.
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