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 …
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- Blockchain Research
North Korea arrests bank hacking ring tied to crypto laundering: Report
by adminby adminDaily NK reported that North Korea arrested former state cyber operators accused of hacking two state banks and laundering funds through crypto.
- Crypto Education
Swiss Bank BancaStato Launches Bitcoin Trading Through Sygnum And Avaloq
by adminby adminBancaStato, the cantonal bank of Ticino in southern Switzerland, has launched regulated crypto trading, a service that lets clients buy, hold, and sell bitcoin from the bank’s existing web and mobile apps, the digital …
- NFT & Metaverse
ECB Warns Stablecoins May Drain Bank Deposits—Here’s What That Means
by adminby adminIn brief ECB board member Cipollone warned Friday that stablecoin growth could strip European banks of retail deposits, on top of the fees and transaction data they’re already losing to mobile payment platforms. Two-thirds …
Circle Internet Group secured final approval from the U.S. Office of the Comptroller of the Currency today, to establish a national trust bank, a milestone that sent the stablecoin issuer’s shares higher and deepened …
China’s central bank is paying closer attention to stablecoins as privately issued digital currencies take on a potentially larger role in the international monetary system and cross-border payments. Wang Xin, director general of the …
Brad Garlinghouse, chief executive of Ripple and one of the most prominent voices in institutional crypto, appeared on Fox Business this week to accuse Jamie Dimon, chairman and chief executive of JPMorgan Chase, of …
In brief The Bank of Korea will launch Phase 2 of its CBDC pilot in September, expanding to nine banks and a cap of 500,000 users for live deposit token testing. Phase 1 (April–June …
Reserve Bank of India (RBI) still favors crypto prohibition amid tax evasion fears
Tax authorities, meanwhile, are concerned about widespread underreporting. In the financial year ended March 2023, fewer than a quarter of the 645,000 individuals who transacted in crypto actually declared those gains on their tax …
Circle wants wrapped Bitcoin to look bank grade before institutions trust it as collateral
Circle has launched cirBTC on Ethereum, but the larger play is to make wrapped Bitcoin look like collateral infrastructure institutions can route through DeFi, OTC desks, lending markets, treasury systems, market makers, and settlement …