Tag: Bank

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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...

TD Bank Sees ‘Terrific Opportunities’ in Tokenized Deposits

With JPMorgan known as a pioneer, more big banks are leaning into tokenized deposits as a way to get blockchain’s benefits, without giving up...

Bank of Italy economist sends out warning on Ethereum's role in financial system

The study suggests that Ethereum's role in financial systems makes its token economics a concern for regulators, who may need to consider safeguards for...

BNY takes first steps in strategy to tokenize bank deposits

BNY is to tokenize institutional cash deposits for real-time on-chain settlement between industry participants.EditorialThis content has been selected, created and edited by the Finextra...

Bank of Italy Models Ether-to-Zero Scenario in Stress Test

The Bank of Italy modeled what would happen to Ethereum’s security and settlement capacity if the price of Ether fell to zero, treating the...