Ripple Rolls Out Crypto Custody Services For Banks, Putting XRP On Path To $1 Price Tag

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Bitstamp Courts European Banks as Region's Incoming Crypto Rules Boost Confidence

The longest-running crypto exchange says three European banks are in talks about offering crypto services – a stark contrast to the U.S., where firms are wary amid a regulatory crackdown.

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Hong Kong Monetary Authority Issues Warning Against ‘Crypto Banks’

The HKMA has issued a warning about crypto businesses pretending to be banks with holding the appropriate licenses. The post Hong Kong Monetary Authority Issues Warning Against ‘Crypto Banks’ appeared first on BeInCrypto.

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Crypto highlighted as ‘novel and complex’ risk to US banks: FDIC report

The Federal Deposit Insurance Corporation has warned that uncertainty around crypto's legal status, the likelihood of fraud and contagion present key risks to United States banks.

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Crypto Biz: Binance slashes costs, Ripple ready for US banks and crypto VCs return

This week’s Crypto Biz looks at Binance’s ongoing efforts to curb declining profits, Ripple’s expectation that U.S. banks may soon adopt XRP and the first signs of venture capital returning to crypto.

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'Rich Dad Poor Dad' Author, Crypto Advocate, Sees Depression Coming, Says Fed Destroys Regional Banks

Crypto investor Robert Kiyosaki slams Federal Reserve for destroying regional banks in US

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China’s state-affiliated banks onboarding crypto companies in Hong Kong

Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for the crypto platforms.

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Singapore banks form new alliances for vetting crypto clients

Singapore banks are working with the country's Central Bank and police to develop a vetting process for crypto clients. The collaboration comes amid severe volatility in the crypto market folloThe post Singapore banks form new alliances for vetting crypto clients appeared first on AMBCrypto.

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SVB contagion: Australia purportedly asks banks to report on crypto

Australia’s prudential regulator has purportedly told banks to improve reporting on crypto assets and provide daily updates.

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Big Week Ahead For Bitcoin And Crypto: This Will Be Key

Due to the insolvency of several U. S. banks and the ongoing liquidity problems of supposedly over 186 US banks, as well as the acquisition of Credit Suisse by UBS Bank, Bitcoin and crypto are more bullish than ever.

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Former FDIC Regulator: Friendliness Toward Crypto 'Does Not Exist'

Jason Brett said despite regulators using the failure of three banks to target crypto, the industry itself is not in a crisis.

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What Now for Crypto Banking?

Regulators are leery of traditional banks offering services to crypto companies, and wary of specialist crypto banks, like Custodia, with new business models. Frances Coppola asks: Where do we go from here?

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US Watchdog Says Banks Shying Away From Stumbling Crypto Industry

U.S. banks have been cooling off on their crypto interest since this year’s twin eruptions of Terra/LUNA and FTX, said Michael Hsu, the acting chief of the Office of the Comptroller of the Currency (OCC).

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Hoskinson says banks are marketing crypto with their actions after Kanye West, JP Morgan fallout

Cardano founder Charles Hoskinson stated that American banks have helped to market crypto better than the industry players, according to an October 17 tweet. The post Hoskinson says banks are marketing crypto with their actions after Kanye West, JP Morgan fallout appeared first on CryptoSlate.

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Banks To Use Their Risk Management and Compliance Expertise To Compete In The Crypto Space

The Office of the Comptroller of the Currency (OCC), an independent bureau of the US Department of the Treasury, issued interpretive letters in 2020 and 2021 on banks’ activities in the crypto industry.

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Japanese Trust Banks Could Get Go-Ahead for Crypto Custody

Japan is set to allow trust banks to manage crypto assets later this year, financial regulators have announced.  The post Japanese Trust Banks Could Get Go-Ahead for Crypto Custody appeared first on BeInCrypto.

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Basel Committee presses on with restrictive requirements for banks’ crypto holdings

The committee of central banks and regulators has proposed a “conservative prudential treatment” of crypto assets that banking groups say is prohibitive.

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Argentina’s central bank steps in to block new crypto offerings from banks

Only four days have passed since two of Argentina’s biggest banks opened up to crypto trading, but now the central bank has stepped in to block the offerings.

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Visa looking to provide crypto services to banks in Brazil

A top executive of the California-based financial service firm revealed plans to introduce crypto… The post Visa looking to provide crypto services to banks in Brazil appeared first on Coin Journal.

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US banks urged to include Bitcoin, crypto in their plans for this crucial reason

In a new report titled “Understanding Crypto: What banks need to know,” the American Bankers Association (ABA) has urged banks across the country to partner with crypto firms.   The need for banks to partner with crypto firms, according to the report, is due to the increased profitability of the sector and rising client interest.

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A trade war misstep? China is vacating crypto battlefield to US banks

Why is China forsaking cryptocurrencies at the same time that legacy U.S. banks, long wary of crypto, appear to be discovering its virtues?

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Indian central bank clarifies regulations as local banks shun crypto

Banks like HDFC and the State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular.

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NYDIG claims hundreds of US banks will embrace crypto this year

Crypto custody firm NYDIG has joined hands with Fidelity National Information Services (FIS), a leading FinTech company to help US banks integrate crypto in their operations. The two firms seek to develop a solution that will let banks offer their clients the ability to purchase, hold, and sell Bitcoin (BTC) through their bank accounts.

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Crypto banks are the sector’s game-changers

Crypto banks offer an integrated solution that is connected to the traditional financial world — which, most importantly, is compliant with regulations.

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The Bitcoin Banking Battle Heats Up

Banks are moving into crypto and crypto companies are trying to become banks, so how does it all play out?

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Industry Calls on US Regulator to Open Floodgates on Banks’ Crypto Capabilities

A number of crypto businesses and non-profits have written to the main banking regulator in the U.S. asking for banks to have more authorization to deal with crypto.

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US Banks Get Crypto Custody Nod, but Instant Demand Surge Is Unlikely

Announcement by U.S. OCC to fuel business opportunities for crypto exchanges, custodians and traditionals banks.

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U.S. National Banks Get Regulatory Nod to Offer Crypto Custodial Services

Coinspeaker U. S. National Banks Get Regulatory Nod to Offer Crypto Custodial ServicesNew services offered by banks can become a big boost for bridging the gap between the traditional and crypto markets.

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Swiss Banks Team With Fintechs to Enter the Crypto Space

Multiple joint projects between banks and crypto companies based in Switzerland now offer customers the opportunity to invest in digital assets and take advantage of banking services related to cryptocurrencies.

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What Are Crypto Banks and How Do They Work?

Crypto holders now have seamless access to dozens of financing and investing options, and crypto banks are about to bring it all above board

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Underbanked Crypto Industry Forced To Innovate Solutions

Central  banks around the world have been notably removed from all things blockchain, and are more than mildly averse to serving cryptocurrency-related businesses. While large banking conglomerates like JP Morgan Chase and Bank of America often cannot be reached for comment on the issue, the general consensus among banks who reject cryptocurrency is that the […] The post Underbanked Crypto Industry Forced To Innovate Solutions appeared first on Crypto Briefing.

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Basel Committee Sets out Guidelines for Banks Intending to Enter Crypto Market

The Basel Committee has laid out guidelines for banks that plan to enter the cryptocurrency market. While outlining the supposed threats posed by crypto assets in terms of financial stability, the committee has said it expects banks that are going to have direct exposure to the crypto industry to be prudent in their approach.

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Crypto Ecosystem Needs to Evolve as Coinbase Censors Accounts

The entire premise set in motion by Satoshi Nakamoto ten years ago was one of a decentralized peer to peer currency beyond the control of governments, banks and mega corporations. Fast forward to 2019 and we have yet to achieve that goal as banks are still controlling the inflow and outflow of fiat to crypto,.

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If You Can’t Beat Them, Join Them – Bitcoin Is Hiring Regulators

While everyone is looking for an indication that institutional money is about to flood into bitcoin and revive the market, we just got another conformation that crypto has indeed entered the big leagues.

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The Financialization of the Crypto Environment Is Quickening, Master Take

Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. For crypto maximalists, the idea of banks getting involved in cryptos is contrary to the very principles on which Bitcoin was created.

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How to Slow Down a Startup: Erik Voorhees’ Hard Lesson

The Let’s Talk Bitcoin Network has added a new show to its lineup, “What Bitcoin Did. ” The WBD podcast is hosted by U. K. -based Peter McCormack, an “accidental Bitcoin and Cryptocurrency investor, miner, blogger and podcaster.

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The Central Banks Of Australia And New Zealand Against Cryptocurrencies

The trend of ‘central banks’ talking about cryptocurrencies is warming up once more, with The Reserve Bank of Australia (RBA) and The Reserve Bank of New Zealand (RBNZ) weighing in on the debate. The pair have moved to debunk rumours that they are investigating in establishing their own central bank digital currency, on the basis that they believe such a project would inevitably damage their current banking system.

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Banks are attempting to launch Crypto assets with R3 Tech

Revealed exclusively to CoinDesk, Cordite, an open-source community that’s independent from R3, but building solely on the code it pioneered, is about to come out of stealth mode. Cordite promises to do for enterprise blockchains what the ERC-20 standard did for ethereum: allow the creation of different tokens representing various kinds of assets on the same network. Founded

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RBI Ban: Indian Crypto Exchanges to Stop Handling Fiat Deposits and Withdrawals

As regulatory uncertainty in the Indian cryptosphere continues, exchanges and crypto-related businesses in the country are putting measures in place to cushion the effect the Reserve Bank of India’s ban may have on their businesses.

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Banks Have Become Skeptical of Crypto: Swiss National Bank Executive

When cryptos became widely popular, central banks were seriously considering issuing their own digital currencies. However, the interest has slowly waned as central banks begin to seriously consider the implications such currencies would have on financial stability.

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Three Ways Big Banks Can Benefit Big Time From Trading Crypto

It is no secret that big banks have expressed the desire to attack the value and premise of bitcoin and blockchain since being first introduced in 2009. Many have referred to the two as a fraudulent threat to traditional banking systems.

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Swiss National Bank Executive: Central Banks Now Finding Crypto Issuance Unappealing

Thomas Moser, a board director at the Swiss National Bank (SNB), believes that central banks’ interest in developing central bank-issued digital currencies (CBDCs) has now waned, Business Insider reports today, June 23.

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Swiss National Bank Board Director: Central Banks’ Interest in Issuing Crypto Has Waned

According to a board member at the Swiss National Bank, enthusiasm has waned for issuing a state-backed digital currency

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Indian Exchange ZebPay Stops Allowing Rupee Withdrawals; Broader Indian Crypto Ecosystem Under Pressure

One of the largest crypto exchanges in India, ZebPay, announced that as of June 22, it could be stopping all withdrawals to fiat in Indian Rupee from its platform. This comes on the back of an April 5 declaration by the Indian government that all banks must stop acting as intermediaries between exchanges and their […] Indian Exchange ZebPay Stops Allowing Rupee Withdrawals; Broader Indian Crypto Ecosystem Under Pressure was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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Crypto Trading Platforms to be Offered by Russia’s Largest Banks

The platforms will source their market data from some of the leading crypto exchanges including Kraken and Bitstamp. Compliance Is a Key Consideration The platform will initially offer six cryptocurrencies, four of which have already been named.

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Huge Philippines Bank Bored Of SWIFT, Perhaps Stellar Is The Solution

Reports out today discuss how the Rizal Commercial Banking Corporation (RCBC), one of the top 10 banks in the Philippines is falling out of love with SWIFT, its current remittance service provider.

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Tether can back its tokens

The bank accounts will not be named due to privacy concerns, Hoegner notes, adding that the firm had access to banks statements and employees, as well as contact with Tether executives. The cryptocurrency again fell under scrutiny from the crypto community in the wake of dissolving their connection with an auditor before the official audit

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“No Grounding In Reality”: BIS Report Tells A Strange Crypto Story

Earlier this week, the Bank of International Settlements (BIS) in Switzerland issued a new document as part of its annual economic report that warns citizens of the dangers of digital currencies.

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Major Banks Dealing In Bitcoin

It was announced last week that two large Russian banks are building cryptocurrency portfolios for their biggest clients. Under the supervision of Bank of Russia, companies are beginning to offer customers and clients shares in a brand new fund that trades in six of the most popular cryptocurrencies available to trade on the market today.

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