Tag: Account

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Kraken Secures Federal Reserve Master Account

US cryptocurrency exchange Kraken’s banking unit has been granted a limited-purpose master account by the US Federal Reserve Bank of Kansas City, giving it...

Stablecoins account for most illicit crypto activity, FATF says

The Financial Action Task Force (FATF) said that “stablecoins are the most popular virtual asset used in illicit transactions,” including Iran and North Korea,...

Ripple Seeks Fed Payment Account Changes, Citing Implications for RLUSD and XRP Infrastructure

Ripple pushes the Federal Reserve to modernize payment account rules to support stablecoin issuers, arguing targeted reforms could strengthen dollar dominance, reduce systemic risk...

Fintechs Back Fed Payments Account That Could Open Rails to Crypto Firms

In brief Fintech trade groups back a proposal for limited Fed payment access for non-bank firms. Banks warn the plan could raise run risk and aid...

Federal Reserve Faces Industry Clash Over ‘Skinny’ Master Account Proposal

The Federal Reserve’s proposed “skinny master account” has triggered a rare three-way collision among crypto firms, fintech advocates, and community banks, exposing deep disagreements...

Crypto, Banks Give Input to Fed ‘Skinny Master Account’ Idea

The Federal Reserve has heard arguments from crypto companies and banking associations on a proposal to allow so-called “skinny master accounts,” which would give...

Nationwide tops UK current account switching table

Over a million Brits changed their bank account provider last year, according to data from the Current Account Switch Service (Cass).EditorialThis content has been...

Peter Thiel and Galaxy-backed Citrea wants to turn your bitcoin into a high-speed bank account

Citrea, a Bitcoin-focused application platform backed by Peter Thiel's Founders Fund and Galaxy Ventures, has unveiled its mainnet, opening the door for bitcoin to...

Chinese Telegram-Based Networks Account for 20% of Crypto Laundering Activity: Chainalysis

Roughly $16 billion in illicit crypto flowed through Chinese-language Telegram-based networks in 2025.Chinese-language networks now account for about one-fifth of the roughly $82 billion...

Trump vs. Dimon: JPMorgan Faces Lawsuit Threat Over Account Closures

President Donald Trump says he plans to sue JPMorgan Chase within weeks, accusing the banking giant of improperly cutting off his accounts after the...