2023-1-6 18:26 |
Institutional DeFi could be a new paradigm that banks can leverage for product innovation, new pricing models and operational efficiencies. origin »
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The U.S. Federal Reserve and other regulators issued a crypto warning for the banking system Tuesday, though the statement doesn’t extend any new policies about how traditional lenders deal with digital assets.
2023-1-4 22:47 | |
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The new standard limits crypto reserves among banks to 2% by 2025, and goes into effect on January 1, 2025.
2022-12-18 19:05 | |
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The New York State Department of Financial Services (DFS) has handed out guidance to regulated banks that wish to engage in activities related to cryptocurrencies. DFS has provided these banks with a checklist of submission requirements for the state regulator seeking to conduct businesses in crypto.
2022-12-18 21:00 | |
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The New York State Department of Financial Services (NYDFS) has laid out details state-regulated financial institutions must submit before gaining approval to engage in cryptocurrency-related operations.
2022-12-17 20:38 | |
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New York Department of Financial Services published the new guidelines on 15 December 2022. All banking organisations must apply for permission to undertake any crypto activities. The regulatory guidelines are effective immediately and come as the spotlight is firmly on crypto following FTX’s implosion.
2022-12-17 20:30 | |
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The New York state financial regulator has issued its latest guidance on banks' involvement with virtual currencies. The post New York Regulator Publishes Crypto Guidance For Banks appeared first on BeInCrypto.
2022-12-17 19:15 | |
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A cross-section of players in the digital asset industry believes it needs strategic regulations across all sectors to bring up dwindling confidence among investors. The New York State Department of Financial Services (NYDFS) has released a new cryptocurrency regulation for banks and other financial institutions in its jurisdiction.
2022-12-17 16:21 | |
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The New York Department of Financial Services (DFS) has released a guideline mandating banking institutions to seek regulatory permission at least 90 days before offering crypto-related services. The post New York authority lays out conditions for banks to offer crypto-related services appeared first on CryptoSlate.
2022-12-15 19:59 | |
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New guidance from the state department of Financial Services sets a 90-day advance notice period for state banks wishing to offer crypto-related services.
2022-12-16 18:12 | |
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Blockchains aren’t meant to provide big banks with another venue for imposing new fees on users.
2022-12-14 01:38 | |
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Users can receive cryptocurrency rewards through staking by either contributing assets to a pool or a contract, similar to how depositors get interest on their savings in conventional banks. Utilizing this concept, the new DeFi startup Oryen (ORY) is generating customers an incredible passive income through its Initial Coin Offering (ICO).
2022-12-7 03:57 | |
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A Federal Reserve governor has said that new crypto regulations for the industry may not be needed as the FTX collapse didn't affect banks. The post New Crypto Regulations Might Not Be Needed According to Fed Governor appeared first on BeInCrypto.
2022-12-1 06:22 | |
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India's central bank will start testing its retail central bank digital currency (CBDC) in the cities of Mumbai, New Delhi, Bengaluru and Bhubaneswar with the initial participation of four banks.
2022-11-30 15:07 | |
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Central Banks could just opt to use stablecoins instead of developing their own central bank digital currencies (CBDCs), according to one Federal Reserve research advisor. New York Federal Reserve research advisor, Antoine Martin, said that stablecoins offer central banks a potential…
2022-11-24 00:30 | |
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The rise in the price of Bitcoin (BTC) is the most significant catalyst in the growth rate of new investors as opposed to other factors like distrust in public institutions like banks or search for a store of value, according…
2022-11-16 00:15 | |
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A group of major banks have commenced a pilot project alongside the Federal Reserve Bank of New York to test the feasibility of using tokens representing digital dollars to improve how central bank money is settled between institutions.
2022-11-16 19:09 | |
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As per a new Bank for International Settlements (BIS) report, cryptocurrency investors are driven by the rising prices of tokens rather than a distrust of banks. BIS on 15 November published “BISThe post Bitcoin buyers being drawn by rising prices and not distrust of banks, details inside appeared first on AMBCrypto.
2022-11-15 18:00 | |
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One of the 12 federal reserve banks in the United States, the Federal Reserve Bank of New York, ran a study to determine the hazards that will outweigh cryptocurrency in 2022. The results concluded that crypto is now safer. Crypto…
2022-11-8 23:00 | |
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The new data show crypto ownership is comparable to that of other assets and especially strong among the young; crypto is seen more favorably than banks in some quarters.
2022-10-26 10:08 | |
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2022-10-23 00:30 | |
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Payments giant MasterCard is set to launch a new program in collaboration with crypto-exchange Paxos. This new venture will aid financial institutions in offering crypto-trading services to their clieThe post MasterCard, Paxos collaborate to aid banks in offering crypto-trading services appeared first on AMBCrypto.
2022-10-18 04:00 | |
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Payment giant Mastercard is joining hands with New York-headquartered blockchain tech firm Paxos to launch a program that will make it easier for traditional financial institutions to offer cryptocurrency trading by providing regulatory compliance and security.
2022-10-18 21:41 | |
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Russians have hopped on stablecoins to circumvent Western sanctions to send trading volumes to new highs. The decision by SWIFT to kick out Russian banks from the network plays a role in the spike in stablecoin use.
2022-10-16 23:58 | |
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Michael Barr, a top US Federal Reserve executive, has revealed efforts to implement new regulations for banks supporting crypto.
2022-10-13 15:30 | |
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Bank of New York Mellon is now the first large American bank to safeguard customers’ cryptocurrency assets alongside traditional investment assets. The post One of America’s Oldest Banks Joins the Crypto Revolution, Alongside Hundreds of Institutions appeared first on BeInCrypto.
2022-10-11 19:30 | |
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Mastercard is launching a new software tool aimed at helping banks “identify and cut transactions” from crypto exchanges prone to fraud. According to a report by CNBC, the software, which is known as “Crypto Secure”, will use utilize “sophisticated” artificial intelligence in scanning data from public records on crypto transactions. This will enable it to detect […]
2022-10-7 22:45 | |
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Mastercard announced it would debut a software product that helps banks detect and block fraudulent transactions from going through crypto exchanges, according to a report on October 4, 2022. The post Mastercard launches new product to help banks combat crypto-related crime appeared first on CryptoSlate.
2022-10-5 04:30 | |
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Mastercard (NYSE: MA) is launching a new software tool that will offer protection against crypto fraud, according to the latest crypto news about the global payments provider. The new tool is dubbed Crypto Secure, and debuts today, 4 October, to bring to banks and other users a secure system by which they can identify and […] The post Mastercard unveils new crypto fraud protection tool appeared first on Invezz.
2022-10-5 14:35 | |
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Mastercard is set to launch a new crypto service linked to risk management. The new service aims to assist banks in detecting and preventing fraud on cryptocurrency merchant platforms. Mastercard to Launch Crypto Fraud Protection Tool Mastercard plans to introduce…
2022-10-4 14:15 | |
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Mastercard’s new product allows banks to find and prevent fraud on crypto merchant platforms within its network.
2022-10-4 11:10 | |
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Abra, a Mountain view-based financial services company, is launching Abra Bank and Abra International, the company announced at SALT New York 2022. The post Abra to Launch ‘Chartered’ Banks Both in USA & Overseas appeared first on BeInCrypto.
2022-9-14 19:00 | |
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The Banque de France and the Central Bank of Nigeria were among eight new members announced by the Hyperledger Foundation on 12 September. Other names include CasperLabs and DSR Corp. The Banque deThe post French and Nigerian Central banks to join Hyperledger Foundation appeared first on AMBCrypto.
2022-9-13 00:00 | |
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The Federal Reserve published guidance detailing how crypto banks can secure master account access, something several have wanted for over a year. While the guidance stops short of true transparency, potential applicants now have a roadmap of sorts they can follow, while the Fed has indicated that it is indeed open to letting crypto companies (and other novel entities) access global payments rails.
2022-8-24 18:30 | |
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The new guidelines from the Federal Reserve hold a prospect of “the most stringent review” for non-federally insured institutions.
2022-8-23 23:00 | |
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The U.S. Federal Reserve Board has issued new instructions for banks engaging in crypto asset activities that include running their plans past their Fed supervisor.
2022-8-18 23:45 | |
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BlackRock, the largest asset manager in the world, is doubling down on bitcoin.
2022-8-12 17:00 | |
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Taiwan’s financial regulator has issued new requirements for banks and credit card companies preventing them from allowing credit cards as a means of payment for virtual asset services. The post Taiwan Set to Ban Purchase of Crypto With Credit Cards appeared first on BeInCrypto.
2022-7-23 16:30 | |
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French banking giant BNP Paribas, with $13 trillion in assets under custody, could be interested in developing crypto custody services for its own clients, a new report says. The Banks...
2022-7-20 00:08 | |
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Contrary to Celsius CEO Alex Mashinskys claims that Celsius was not taking a tremendous risk, a new report from The Wall Street Journal claims that the crypto lender had more...
2022-6-30 18:13 | |
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The Japanese government is rushing to enforce new stablecoin laws in the aftermath of the Terra collapse.
2022-6-3 13:07 | |
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All over the world SMEs are starved of the funding they need to grow, but now there’s a new way to get around traditional banks. The post Web3 Capital: Estonian Saves Farm By Selling NFTs for Part Ownership appeared first on BeInCrypto.
2022-5-20 09:24 | |
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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.
2022-5-7 07:39 | |
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The European Banking Authority said it will kick off work to map out crypto activities and spot new financial risks this year.
2022-4-30 19:07 | |
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The New York State Senate is boosting the state’s Department of Financial Services (NYDFS) efforts to oversee the cryptocurrency sector. The Senate passed its fiscal year 2023 budget early Saturday, which included a provision tasking NYDFS with developing a new “assessment” or charge for the cryptocurrency companies it oversees to bring its oversight mandate in virtual currencies in line with how the regulator oversees more traditional banks and financial services firms.
2022-4-10 21:49 | |
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Fintech firms could soon face the kind of caps on lending that banks face when markets like housing overheat, the European Systemic Risk Board said.
2022-4-1 12:11 | |
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Ripple faces new threat as central banks create working prototypes of a rival cross-border payments system
2022-3-23 13:32 | |
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A new task force has been created to freeze or take the assets of Russians that have been sanctioned following the invasion of Ukraine.
2022-3-12 22:19 | |
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Research firm Morning Consult recently published their quarterly report and reveal interesting data on crypto adoption in the United States. The firm’s “The State of Consumer Banking and Payments” attempts to provide insights on the new dynamics, attitudes, and relationships between consumers and their banks and payment providers.
2022-2-18 01:00 | |
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Open banking is poised to transform business operations and payments transactions across North America. As fintechs and banks explore alternatives to debit and credit card transactions and lean into account-to-account payment networking, education and additional regulatory guidance around open banking will help usher in this new paradigm.
2022-2-15 21:30 | |
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Decentralized data storage company Arweave has launched its “Genesis Block” block to the moon in collaboration with two other companies.
River, an on-chain encrypted messaging protocol, has acquired Llama, a Founders Fund-backed smart contracts platform for decentralized governance. The acquisition will help River buttress its governance across its ecosystem, with the protocol integrating Llama’s open-source smart contracts technology directly into…
Ocean's DATUM is since this weekend putting transaction selection back into the hands of hashers, benefiting Bitcoin's censorship resistance.
Complexities in how blockchains have been designed detract from the powerful benefits they offer with decentralization, censorship resistance, and financial inclusion.
When we think of centralized AI gone wrong, imaginative readers may begin to conjure images of a society ruled by artificial general intelligence-powered robot overlords. Just as the Bitcoin movement was born out of a desire to create a permissionless financial system, decentralized AI aims to democratize access to AI technologies by removing gatekeeper chokepoints.
Blockchain technology undeniably shapes the future of decentralization, especially through application-specific blockchain platforms that promote decentralized networks.
Known for her fiery dissenting opinions, "Crypto Mom" discusses how the SEC operates, why she wants to see crypto thrive and her "Safe Harbor" proposal to allow projects to decentralize.