Fed Joins OCC, FDIC in Withdrawing Crypto Warnings for U.S. Banks
Like the other U.S. bank agencies, the Fed has swept the decks of previous directives to bankers that they get sign-offs from the regulator for crypto activity.
Banking
U.S. Senate’s Banking Chair Pushes Debanking Bill After Crypto Uproar
Senator Tim Scott, the chief of the banking committee, is backing a bill to stop U.S. regulators from citing “reputational risk” as a reason to block clients.
U.S. Regulator Told Banks to Avoid Crypto, Letters Obtained by Coinbase Reveal
Coinbase’s Paul Grewal says this is hard evidence proving the industry hasn’t been spouting conspiracy theories about being shoved out of U.S. banking.
Singapore’s DBS Bank Starts New Suite of Tokenized Banking Services for Institutional Clients
The Singaporean banking giant wants to help clients optimize liquidity management and streamline operational workflows.
Sygnum Unit Receives Liechtenstein License as a Crypto Asset Service Provider
The registration paves the way for the Switzerland and Singapore-based banking group to expand into the European Union and European Economic Area.
Three Ways DeFi Will Revolutionize Financial Services
DeFi is poised to create a future where financial services are digital, open, always-on, and borderless, says Bill Barhydt, ceo, Abra.
Crypto-Friendly Revolut Finally Earns UK Banking License
Revolut has entered a “mobilization stage”, designed for new banks to operate with restrictions.
Customers Bank Said to Debank Some Digital Asset Hedge Funds
The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said.
Bitpanda Drafts Deutsche Bank to Process Fiat Transactions in Germany
This is Bitpanda’s second major partnership in Germany this year after the broker was enlisted by LBBW to offer crypto custody services in the country.
Exclusive: Vault’s CEO Austin Kimm on Crypto Banking and the New VLT Token
We’ve had a word with Austin Kimm, CEO of Vault, a company that offers white-label digital and crypto banking products … Continue reading
The post Exclusive: Vault’s CEO Austin Kimm on Crypto Banking and the New VLT Token appeared first on Finbold.