Tag: Bank

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Stablecoins Could Drain Trillions From Bank Deposits: Bank of America Flags $6T Risk That Could Redefine Lending

Stablecoin growth could siphon trillions from U.S. banks, shrinking lending capacity and raising borrowing costs, as Bank of America warns lawmakers that digital dollars...

PNC Bank CEO says stablecoins must choose: be a payment tool or a money market fund

During an earnings call on Friday, CEO Bill Demchak urged a clear split between payment tools and investment vehicles.

State Street, a $36 billion bank, is aiming to change legacy finance using blockchain tech

CEO Ronald O’Hanley says the transformation isn’t about bitcoin, but about reengineering traditional assets for faster, modern rails.

KBC Bank To Launch MiCA-Regulated Crypto Trading in Belgium

KBC, one of Belgium’s largest banks, is set to roll out Bitcoin and Ether trading to retail investors next month via its own custodial...

Bank of America CEO says stablecoins could drain trillions in bank deposits

BofA CEO Brian Moynihan echoed other banks in warning that $6 trillion in bank deposits were at stake, even as he said the bank...

Ex-digital yuan chief ‘took $8m in crypto bribes while working at Chinese central bank’ – DL News

Yao Qian was removed from the Communist Party in 2024.Investigators say he took bribes in Ethereum.Former subordinate admits setting up a wallet for Yao’s...

DZ Bank Receives German Regulatory Approval for Crypto Trading Platform

DZ BANK secures BaFin MiCAR approval for its “meinkrypto” platform, enabling cooperative banks to offer crypto trading. DZ BANK received MiCAR approval from the...

Germany’s DZ Bank Prepares Nationwide Crypto Trading Rollout

Germany’s second-largest lender DZ Bank has received authorization under the European Union’s Markets in Crypto-Assets Regulation, clearing the way for the launch...

DZ Bank Secures MiCA License for Regulated Crypto Services

DZ Bank, one of Germany’s largest banking groups by assets, secured a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA), clearing a...

Senator Seeks World Liberty’s Bank Charter Bid Delay

US Senator Elizabeth Warren is pressuring the country’s banking regulator to hold off on considering World Liberty Financial’s bid for a bank charter until...

Senate's Warren: WLFI-tied bank application should be halted until Trump divests

Government-ethics questions still hang over the U.S. Senate's plans to vote on the crypto market structure bill, and Warren is raising a related argument.

Payments Association calls for Bank of England to stop stifling stablecoin progress

Previously the Emerging Payments Association or EPA, The Payments Association aims to empower influencers in the payments industry to connect, collaborate and learn. The...