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.
banks
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.
EU Banking Watchdog to Deepen Probe of Links Between Banks, Crypto Entities: FT
The European Banking Authority (EBA) will take additional steps to anticipate how strains in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect banks.
Societe Generale-Backed Euro Stablecoin EURCV Starts Trading on Bitstamp
The listing marks the first time a euro stablecoin issued by a fully regulated bank is available on a cryptocurrency exchange.
Crypto Banking Firm BCB Group CEO Quits 5 Months After His Deputy
Oliver Tonkin has replaced Oliver von Landsberg-Sadie at the crypto banking firm.
FDIC Crypto Warning Underlines U.S. Banking Agencies’ Arm’s-Length Policy
The U.S. Federal Deposit Insurance Corp. added crypto as one of five broad categories this year in its annual risk report, a snapshot of the dangers the banking regulator considers a top priority at the moment.
Banks Have Come to the Metaverse
JPMorgan, HSBC and others have created metaverse-native banking experiences, hoping to entice a new generation of clients.
Credit Suisse, Deutsche Bank-Backed Taurus Deploys on Polygon Blockchain
The Swiss firm aims to allow financial institutions and corporates to issue tokenized assets on the Ethereum layer 2 network.