crypto-friendly banks
Japan Appoints Crypto-Friendly Leader as New Financial Services Agency Commissioner
Japan’s government seeks to appoint crypto-friendly leader Ryozo Himino as the next commissioner of the country’s Financial Services Agency.
Crypto-friendly banks closure could pose a challenge for crypto companies
The closure of three major crypto-friendly banks in the US, Signature Bank, Silicon Valley Bank, and Silvergate Bank, could pose a challenge for crypto companies in accessing traditional banking partners. The loss of these banks could impact crypto liquidity, and some experts believe that it may leave crypto companies without banking options. However, some in the industry believe that it could create room for another bank to step up and fill the vacuum, while others suggest that there are already viable alternatives available.
Blockchain Association Seeks Information on De-banking of Crypto Companies
The Blockchain Association has filed Freedom of Information Law requests to the Federal Housing Finance Agency and the New York Department of Financial Services, seeking more information on the de-banking of crypto companies after the closure of Signature Bank and the failure of Silvergate Bank.
German Banks Authorized for Crypto Custody and Sales in 2020
In 2020, German banks will be legislatively authorized to sell and provide custody of cryptocurrencies as reported by German newspaper Handelsblatt.
Exclusive: Liberal Society Comes with Friendly Crypto Regulations
As a veteran lawyer in technology, Nathan Kaiser of Cardano Foundation shares his insights in identifying countries with friendly crypto jurisdictions. He also examined how different jurisdictions affect both on-chain and off-chain governance.
Ethereum Ranks 9th in Market Valuation Among Leading Global Banks
Ethereum ranks 9th when compared to the world's largest banks in terms of market cap, according to CompaniesMarketCap.
Bitcoin Trading Should Be Banned by Central Banks, Says Former British Member of Parliament
Former Member of the British Parliament Nick Boles appears to disfavour Bitcoin, saying that the central banks should monitor the cryptocurrency’s trades.
Chinese Banks Clarify on Crypto Account Freezing Despite Alipay’s Crypto Ban Last Year
China’s banks were rumored to be freezing client accounts that have a history associated with the buying and selling of cryptocurrencies. However, according to a recent report, Chinese banks have clarified that this is not the case, and they are not shutting down any legal fiat to crypto accounts.
OCC Says US Banks Can Use Blockchains and Stablecoins in Bank Payments
According to the OCC, regulated banks in the US can leverage stablecoins to conduct payments as well as participate as validator nodes on blockchain networks called INVNs.
40 German Banks Are Seeking Regulatory Approval to Offer Bitcoin Custody
Many German banks have filed a request to introduce a digital asset custody business. Germany’s Federal Financial Supervisory Authority, popularly identified as BaFin, has received over 40 applications from German banks interested in offering crypto custody services.
FinCEN Director Kenneth Blanco Warns Banks to Take Crypto AML Seriously
Kenneth Blanco, the Director of the FinCEN warned banks to seriously consider how virtual currencies should fit into their anti-money laundering (AML) policies.
Elliptic Discovery Established to Seamlessly Assist Banks in Crypto-Asset Decisions
Elliptic, a London-based provider of crypto-asset risk management solutions, has revealed the launch of Elliptic Discovery, a database of more than 200 worldwide crypto exchanges, that is purposely built for banks in their quest to determine the flow of funds into and out of crypto-assets.
Why Regulated Banks Have Greater Potential For Financial Crime Than Bitcoin and Crypto
While agencies focus their attention on transparent Bitcoin transactions, banks have had an official free pass disclaimer to facilitate money laundering the entire time.
Reserve Bank of India Says Banks Are Authorized to Provide Accounts to Cryptocurrency Traders
The Reserve Bank of India recently responded to an information query, saying that Indian banks are not prohibited from dealing with crypto businesses.