Tag: Bank

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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...

China Central Bank Monitors Stablecoins’ Cross-Border Role

China’s central bank is paying closer attention to stablecoins as privately issued digital currencies take on a potentially larger role in the international monetary...

FV Bank Becomes First U.S.-Chartered Depository Bank to Offer Stablecoin Invoicing

FV Bank has launched Stablecoin Invoicing, allowing businesses to send itemized invoices payable in USDC or PYUSD directly from their banking dashboard, with payments...

Fed Signals Possible Rate Hikes As Kevin Warsh Opens ‘New Chapter’ At Central Bank

The Federal Reserve held interest rates steady at its June meeting, but signaled a shift toward tighter policy under new Chair Kevin...