Tag: Bank

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Circle (CRCL) Wins Final OCC Approval For National Trust Bank

Circle Internet Group secured final approval from the U.S. Office of the Comptroller of the Currency today, to establish a national trust...

Circle takes banking step with U.S. trust bank approval

Circle (CRCL), the issuer of the world's second largest stablecoin USDC, received approval from the U.S. Office of the Comptroller of the Currency (OCC)...

Bank of Japan may speed up rate hikes. Will it help or work against bitcoin?

The Bank of Japan (BOJ) may raise its benchmark interest rate rapidly this year, as the yen slides, eventually pushing it above 2%. That's...

Reserve Bank of India (RBI) still favors crypto prohibition amid tax evasion fears

Tax authorities, meanwhile, are concerned about widespread underreporting. In the financial year ended March 2023, fewer than a quarter of the 645,000 individuals who...

Crypto exchange Kraken is trying to become a bank in Europe

Kraken, the cryptocurrency exchange planning to go public in the U.S., is pursuing a full banking license in Europe, with a focus on Lithuania...

Russia’s largest bank plans crypto wallet launch as Moscow clears market path

Non-qualified investors will be allowed to trade under testing requirements and limits capped at roughly 300,000 rubles (around $3,800) per year, while market participants...

Russia on Track for Digital Ruble Rollout on Sept. 1: Central Bank Governor

Russia’s central bank governor, Elvira Nabiullina, confirmed that the country was prepared to roll out its central bank digital currency (CBDC) in two months,...

UAE-Based Goldman Lampe Private Bank Acquires $137 Million In Bitcoin

Goldman Lampe Private Bank has purchased €120 million (roughly $137 million) worth of Bitcoin, the UAE-based institution announced Monday, timing the buy...

Open Standard Unveils Open USD, a Bank- and Tech-Backed Stablecoin Governed by Its Users

A consortium of more than 140 financial and technology companies introduced Open USD, a dollar stablecoin whose reserve earnings and governance are designed to...

Bitcoin-backed lending is making a comeback, according to Silicon Valley Bank

The growth case rests on a simple dynamic: as bitcoin ownership broadens and prices rise, holders increasingly want to borrow against appreciated collateral for...

Bitcoin’s June fall below $60,000 highlights new institutional headwinds: Deutsche Bank

Bitcoin's BTC$62,537.93 fall below $60,000 on June 5, its lowest level since late 2024, reflects a convergence of macroeconomic and structural pressures, according to...

Bank of England Publishes Stablecoin Rules, Targets 2027 Launch

The Bank of England (BoE) published a policy statement and draft rules for systemic stablecoins on Monday, outlining how regulated British pound-backed stablecoins would...