U.S. Fed Officially Scraps Specialist Group Meant to Oversee Crypto Issues
The Federal Reserve has shuttered the Novel Activities Supervision Program it built in 2023 that was — in part — meant to focus on banks’ crypto activity.
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UK to Propose Restrictions on How Banks Can Deal With Crypto Next Year
The U.K.’s incoming rules will be on the more restrictive end, said David Bailey, the executive director of prudential policy at the Bank of England.
U.S. Banking Should Ease Path for Crypto, Republican Taking Reins at FDIC Suggests
FDIC Vice Chairman Travis Hill is set to become acting chairman at the start of the next administration, and he’s critical of the FDIC’s digital assets stance.
Germany’s DZ Bank to Offer Customers Crypto Trading Through Boerse Stuttgart Tie Up
The first banks will be connected this year, with a phased roll out for selected retail customers.
UK Finance, Member Banks See Benefits During Experimental Phase of a Tokenization, CBDC Platform
Barclays, Citi UK, HSBC and Natwest participated in the Regulated Liability Network test.
Sygnum’s First-Half Spot Crypto Trading Doubles, Derivatives Increase 500%
The surging trading volumes helped the bank reach profitability for the first time.
Crypto-Friendly Bank Revolut Plans to Sell $500M of Employee Shares at $45B Valuation: WSJ
Revolut has been in talks with investment firm Greenoaks over the deal, which would pave the way for a potential IPO.
Global Banking Standard Setter Approves Disclosure Framework for Crypto Exposures
The Basel Committee’s framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.
Economic pressure mounts: G7 poised to warn small Chinese banks over Russia ties
As the G7 summit approaches, world leaders are gearing up to address the economic implications of China-Russia trade. According to … Continue reading
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Nigeria’s Central Bank Fleshes Out New Rule Allowing Crypto Firms’ Access to Bank Accounts
Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets.