Tag: Banks

spot_img

Anchorage Digital aims to bring banks onchain with new tokenized deposit platform

Federally chartered crypto bank Anchorage Digital is rolling out infrastructure that allows banks to issue tokenized deposits, joining a growing effort by financial institutions...

US Agencies Push User ID Requirements for Stablecoin Issuers Akin to Regulated Banks

Several US government agencies responsible for financial regulation have issued a proposed rule as part of the implementation of stablecoin-focused legislation, pushing for similar...

U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act rule

These standards, according to the rule proposal, "must include reasonable procedures for: (1) verifying the identity of any person seeking to open an account...

Big banks are ditching private blockchains to build tokenized cash networks on public infrastructure

Banks are focusing on pulling stablecoins and tokenized forms of more traditional financial instruments into one integrated package to meet growing institutional demand for...

Coinbase-backed Stand With Crypto calls on members to campaign against banks blocking digital asset transactions

The Coinbase-backed group Stand With Crypto UK called on its 286,000 members to file formal complaints against British retail banks over blanket restrictions on...

Banks Get Direct Access to Ethereum, Solana Staking Through Taurus Custody

Swiss digital asset infrastructure firm Taurus has partnered with P2P.org to let banks and financial institutions access staking services directly through Taurus’ custody platform.The...

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...