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.

Analysis
Stablecoins are destined to grow, experts suggest, but are regulations the only way for the market to reach its full potential?
Stablecoin issuers poised to be banks of the future on road to adoption
Shiraz Jagati
2021-11-26T17:11:00+00:00
6767
News
The investment firm's exposure to Bitcoin across three major funds totals roughly $303 million with 6,626,381 shares as of Sept. 30.
Morgan Stanley increased exposure to Bitcoin, held $300M in Grayscale shares
Turner Wright
2021-11-24T20:00:00+00:00
10089
News
The new head of digital assets at Citi’s institutional branch will focus on pursuing connections and investments with clients, startups and regulators.
Citi Group appoints head of digital assets in crypto hiring spree
Brian Newar
2021-11-23T00:42:53+00:00
3885
Analysis
Is Ethereum the blockchain of choice for financial institutions in Southeast Asia, or will companies seek alternatives due to limitations?
Southeast Asian financial institutions turn to the Ethereum blockchain
Rachel Wolfson
2021-11-22T14:52:00+00:00
10999
News
The Reserve Bank of Australia has warned local investors that the speculative frenzy on crypto could soon dry up if policymakers and regulators step in.
Reserve Bank warns Aussies over punting on ‘fad driven’ cryptocurrencies
Brian Quarmby
2021-11-19T05:00:14+00:00
7564
News
The Bank of England’s Sir Jon Cunliffe has urged British lawmakers to think “very hard” about the disruption integrating cryptocurrency with traditional finance...
Crypto poses imminent threat to financial stability: Bank of England Deputy Governor
Brian Quarmby
2021-11-16T05:05:27+00:00
8267
Opinion
Universal interoperability is the missing piece that can unlock stablecoins’ and CBDCs’ potential for the global digital economy.
The stablecoin boom won’t continue without decentralized interoperability
Guest Authors
2021-11-13T20:32:00+00:00
11463
News
The financial services company is only considering non-volatile assets as collateral in its DeFi lending solution that's under development.
Dutch multinational ING considers entering DeFi lending industry
Zhiyuan Sun
2021-11-08T17:30:00+00:00
5940

Follow us on Facebook