Tag: Bank

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Modern Treasury seeks US trust bank charter for digital asset custody

The payments infrastructure company is seeking federal approval to offer stablecoin custody and related fiat services through a limited-purpose national trust bank.

Tether says it had ‘limited’ exposure to bank linked to $84M US seizure

US prosecutors alleged that a payments business illegally transferred hundreds of millions of dollars at the direction of EQIBank, where Tether holds some assets.

Bastion conditionally OK for US trust bank

 Stablecoin infrastructure provider Bastion said the Office of the Comptroller of the Currency (OCC) had granted it preliminary conditional approval for a US trust...

Silvergate Ex-CEO Challenges Official Account of Bank Closure

Former Silvergate Bank CEO Alan Lane said political and regulatory pressure from the Biden administration drove the crypto-focused lender’s voluntary wind-down in 2023, arguing...

Italy’s Central Bank Orders Sanctions Screening for Crypto Transfers

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full...

Jack Dorsey’s Block seeks US trust bank charter for Bitcoin, stablecoin

The proposed Builders Bank would offer federally supervised digital asset custody but would not accept deposits or issue loans.

Dollar-backed stablecoins can push local currencies lower, Bank of Korea study finds

Buying pressure in Binance-paired currencies correlates with local currency depreciation as market makers balance positions.

U.S. banking agency gives blockchain bank OpenReserve initial OK to operate

The Office of the Comptroller of the Currency granted a provisional charter to the new full-service bank, adding it to the growing mix of...

Abu Dhabi Royal Backs Trump-Linked Crypto Bank Venture

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full...

UK Expands Bank of England Mandate to Cover Stablecoins

The UK is moving to put stablecoins at the center of a new Bank of England mandate aimed at supporting innovation in digital payments.The...

Britain plans new Bank of England objective for stablecoins

Financial stability would remain its primary duty, with annual reports to Parliament on the new objective being planned.

Zerohash back for second effort at OCC trust bank charter

The crypto infrastructure firm failed to get approval when it first sought a U.S. charter, and the company is quickly back with what it...