Tag: Banks

spot_img

Japan’s three largest banks eye joint stablecoin issue by March 2027

Three of Japan's largest banks said they will jointly issue a stablecoin this financial year, which ends in March.Mitsubishi UFJ Financial Group (MUFG), Sumitomo...

Major US Banks Including JPMorgan, Citi and BofA Plan Shared Tokenized Deposit Network

JPMorgan, Citi, Bank of America, Wells Fargo, and more than a dozen peers have announced a joint initiative to put commercial bank deposits onchain,...

Security experts warn advanced AI is about to spark a hacking crisis for both crypto and banks

A major bug found in the top privacy network Zcash, using artificial intelligence, may be a warning sign that similar undiscovered flaws exist across...

Banks’ survey says people don’t want to rock the boat if stablecoin yield risks lending

U.S. banking lobbyists unveiled a survey to back up their campaign against U.S. stablecoins that return yield to their users, seeking to reinforce their...

Why AI-powered hackers are keeping big banks off the blockchain

Traditional financial institutions are preparing to move trillions of dollars of assets onchain, but the risk of hacks and exploits is putting them off,...

ECB Rejects Euro Stablecoin Push, Warning of Risks to Banks and Monetary Policy

The European Central Bank warned EU finance ministers on Friday that proposals to expand euro stablecoin issuance could weaken bank lending and complicate monetary...

Why Minnesota is empowering local banks to fight Wall Street for crypto revenue

Minnesota financial institutions can no longer afford to remain on the sidelines as Wall Street aggressively captures digital asset infrastructure, driving a state-level legislative...

EUR-Denominated Stablecoins Surge 12-Fold as European Banks Scale MiCA-Compliant Assets

European banks are rapidly moving stablecoin projects from concept to production, with EUR stablecoins processed at retail VASPs growing 12-fold to $777 million in...

MoonPay expands into tokenized assets and DeFi markets with new platform for banks

MoonPay is betting institutions want broader access to onchain financial products beyond simple crypto purchases.The crypto payments firm said Thursday it started MoonPay Trade,...

Minnesota Law Opens Crypto Custody To Banks, Credit Unions

Minnesota has become the latest state to grant banks and credit unions the legal authority to offer cryptocurrency custody services, a move...

Senator Elizabeth Warren accuses U.S. regulator of approving unqualified crypto banks

The Senate Banking Committee's top Democrat sent a letter to the Office of the Comptroller of the Currency questioning the charters of nine crypto...

Minnesotan banks and credit unions set to provide crypto custody August 1

Minnesota established the midwest’s first unified digital asset safety net for banks and credit unions.