In a statement shared after this article’s publication, Paige Pidano Paridon, the executive vice president and co-head of regulatory affairs at the Bank Policy Institute said, “BPI supports efforts to bring innovative new products and services into the regulated banking ecosystem, provided that the entities engaging in those activities are subject to the same rules […]
Six of Canada’s largest banks are exploring a Canadian-dollar tokenized deposit system designed to move money faster between financial institutions and eventually connect with other digital asset initiatives, TD Bank announced Tuesday. Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Scotiabank and TD Bank Group form the […]
The SEC framework allows trading through automated market makers, or AMMs, rather than a traditional order book. An AMM holds pools of assets and uses preset rules to price trades. That could allow stock tokens to trade around the clock as long as a pool has enough assets. But round-the-clock trading does not necessarily mean […]
Brazil’s central bank will require crypto exchanges to delay some customer transfers to foreign platforms and self-custody wallets for up to 24 hours as part of new anti-fraud rules. The requirement takes effect Jan. 1, 2027 under Resolution BCB No. 584/2026, published Aug. 7. The rule applies when a customer deposits the country’s fiat currency […]
For years, stablecoins have been marketed as crypto’s breakthrough application for cross-border payments, promising near-instant transfers at a fraction of the cost charged by traditional remittance providers. Sending USDC across a blockchain may indeed cost only a few cents but a new study from the Bank of Italy suggests that isn’t what most people actually […]
Russia’s largest bank, Sberbank, plans to build cryptocurrency trading infrastructure and launch a digital depository by Dec. 1 as Russia moves to bring crypto trading, custody and settlement into its regulated financial system. The depository, according to Interfax, will record clients’ ownership of cryptocurrency and process most transactions outside the underlying blockchain. Sberbank will operate […]
North Korean authorities arrested former military hackers accused of stealing state funds from two banks and laundering the proceeds through cryptocurrency. The group, according to a Daily NK report citing an anonymous source in Pyongyang, allegedly breached the internal systems of the Central Bank of the DPRK and Foreign Trade Bank, diverted foreign currency and […]
Brazil’s central bank has banned electronic foreign exchange (eFX) providers from using stablecoins, bitcoin or other cryptocurrencies to settle overseas remittances. BCB Resolution No. 561, published April 30, updates rules for eFX, Brazil’s regulated system for digital international payments, purchases, withdrawals and transfers. The rule takes effect October 1, with adaptation deadlines running into 2027. […]
Stablecoin yield would be prohibited under a newly released agreement addressing that contentious part of the crypto market structure legislation in an approach that’s broadly similar to what’s been discussed since the start of the year. The new section of proposed Digital Asset Market Clarity Act text released Friday revealed that the compromise hashed out […]
Monument Bank said it plans to tokenise up to 250 million pounds ($335 million) of retail customer deposits on the Midnight network in what it described as the first such move by a U.K.-regulated bank on a public blockchain. The London-based challenger bank said the deposits will remain interest-bearing, fully backed by Monument and redeemable […]
Let’s say an investor has a house in Switzerland and a beach house in Miami. They’re worth, perhaps, $10 million. But what they are really looking for right now is a line of credit for some time on the slopes at St. Moritz, a trip to the Cannes film festival and a few upgrades to […]
Crypto.com has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, a step it says would expand its federally supervised crypto-custody services for institutions. In Friday’s announcement, the exchange framed the filing as an extension of its regulated, security-first push for large customers — ETF sponsors, […]