Tag: Bank

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Crypto.com Secures Conditional Approval for National Trust Bank Charter

Crypto.com has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to charter Foris Dax National Trust Bank, taking...

Bank of Beirut UK Goes Live with Temenos to Scale Corporate Banking and Trade Finance

Bank of Beirut UK Ltd has officially gone live with Temenos Core Banking and Payments, marking a significant technological transformation aimed at accelerating its...

OCC Grants Crypto.com Conditional Approval for National Bank Trust Charter

Crypto.com said Monday that it has secured conditional approval for a national bank trust charter from the US Office of the Comptroller of the...

Crypto.com wins OCC approval for federally regulated crypto custodian bank

Crypto.com said it received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, setting...

South Korea’s Central Bank Reaffirms Bank-First Stablecoin Model

South Korea’s central bank has reportedly renewed its push to keep Korean won-pegged stablecoin issuance in the hands of commercial banks, warning lawmakers that...

Central Bank of Brazil to Advance Institutional VASP Regulation by 2027

The central bank will focus on designing a regulatory framework for the so-called institutional VASPs, defined as organizations that operate infrastructure and provide crypto...

$100M Crypto Laundering Bust Reveals 81 Bank Accounts and Offshore Transfers

Nearly $100 million in investor funds was funneled through shell companies, offshore accounts, and major cryptocurrency exchanges in a sweeping federal money laundering case,...

House Dems Raise National Security Alarms Over Trump Family’s Crypto Bank Charter Request

In brief A total of 41 House Democrats urged Scott Bessent to scrutinize a bank charter application from the Trump family's crypto firm. The lawmakers warned...

Lightspark Teams Up with Cross River Bank for Fiat Payments via Bitcoin

The partnership pairs Bitcoin settlement with FedNow plumbing.Lightspark, a Bitcoin Lightning Network startup founded by former Meta executive David Marcus, who oversaw the development...

EBay invests in TrueLayer; rolls out Pay by Bank

Ebay has invested in open banking platform TrueLayer and will introduce the company's Pay by Bank technology at the checkout.EditorialThis content has been selected,...

Bank of Ireland UK fined £3.7 million for implementing anti-fraud tool 14 months too late

The Payment Systems Regulator (PSR) has fined Bank of Ireland UK £3.7 million for failing to implement Confirmation of Payee by the required deadline.EditorialThis...