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21 Mar 23

Coinbase suspends support for Signature Bank’s Signet payment service

Coinbase cryptocurrency exchange has told its customers that Signature Bank’s Signet payments solution will be suspended until further notice. Following the recent shutdown of Signature Bank, Brian Armstrong’s Coinbase crypto exchange has made it clear to its customers that Signet, the former’s real-time payment network, will be suspended indefinitely. Coinbase suspends Signet service Per a […]

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14 Mar 23

Biden urges US citizens to trust banks amid ongoing collapse

Following the Silicon Valley Bank collapse, US President Joe Biden sought to portray calm on March 13 by assuring US citizens that the country’s financial and banking systems are secure. In a move that has sent shockwaves throughout the banking industry, The Federal Deposit Insurance Corporation (FDIC) took possession of Silicon Valley Bank’s assets on […]

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12 Mar 23

Fed must intervene after Silicon Valley Bank’s crash

Anthony Scamarucci, the founder of SkyBridge Capital, wants the United States Federal Reserve (Fed) to intervene in the aftermath of the Silicon Valley Bank’s (SVB) collapse. Anthony wants the Federal Reserve to intervene Analysts are calling for the Fed to push another investor or bank to acquire and assume SVB’s assets and obligations, making depositors and creditors […]

18 Feb 23

Caitlin Long of Custodia Bank says crypto won’t be “uninvented” and will steadily replace banks in remittance

Caitlin Long, the founder and CEO of Custodia Bank, in a Twitter thread on Feb. 17, revealed that she handed over evidence to law enforcement agencies in the United States of probable crimes committed by a big crypto firm and even warned regulators of the risks banks expressly serving the crypto industry were facing. Fighting […]

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16 Feb 23

Banks cut crypto ties amid regulatory scrutiny

U.S. lenders are distancing themselves from crypto companies in the wake of increased scrutiny of the industry by regulatory agencies in the country. These measures could force more crypto businesses to move offshore to jurisdictions with friendlier cryptocurrency regulations. Unbanking crypto Crypto firms in the U.S. are in danger of becoming largely unbanked. This is […]

08 Feb 23

FED may prohibit state banks from holding cryptos as principal

The Federal Reserve System stated that it intends to presumptively prohibit state banks from holding crypto-assets as principals without permission from the Fed and OCC. In an updated guide issued on the Federal Register, the Board of Governors of the Federal Reserve System said that they had received inquiries about the permissibility of “certain crypto-asset-related activities” […]

24 Jan 23

EU imposes strict regulations on banks holding crypto

European Union lawmakers have imposed strict measures for banks holding digital assets in a bid to limit the amount of unregulated cryptocurrency that banks can hold. Strict rules for banks holding cryptocurrencies The European Union (E.U.) Parliament’s Economic and Monetary Affairs Committee has enforced increased capital requirements for any financial entity holding cryptocurrencies. According to […]

Japans 1 Trillion Crypto Market May Ease Onerous Listing Rules

17 Jan 23

Japan calls for treating crypto like traditional banks

While advocating for more regulations for the crypto sector in Japan, the Japanese financial regulators have also called to regulate cryptocurrency in the same manner as banking. Mamoru Yanase, the deputy director-general of the Strategy Development and Management Bureau of the Financial Services Agency, believes that effective regulation should not only be applied to traditional finance […]

28 Dec 22

Venezuela banks block more than 75 crypto-related accounts

The accounts of consumers with connections to cryptocurrency trading, particularly those connected to peer-to-peer (P2P) transaction activity, have caught the attention of Venezuelan banks. Venezuelan private banks have frozen over 75 accounts for enabling crypto-to-fiat and fiat-to-crypto transactions since the end of 2021, claims Legalrocks, a crypto and blockchain-focused law practice in Venezuela. Banks in […]

21 Dec 22

Private banks to manage future digital euro transactions

The European central bank (ECB) wants intermediaries, like payment service providers and credit institutions, to be responsible for digital euro transactions. European Union joined an extensive list of countries willing to launch their central bank digital currencies (CBDCs). The ECB’s latest report reveals that EU leaders will decide the digital euro’s final destiny after October […]

Coinbase suspends support for Signature Bank’s Signet payment service

Biden urges US citizens to trust banks amid ongoing collapse

Fed must intervene after Silicon Valley Bank’s crash

Caitlin Long of Custodia Bank says crypto won’t be “uninvented” and will steadily replace banks in remittance

Banks cut crypto ties amid regulatory scrutiny

FED may prohibit state banks from holding cryptos as principal

EU imposes strict regulations on banks holding crypto

Japan calls for treating crypto like traditional banks

Venezuela banks block more than 75 crypto-related accounts

Private banks to manage future digital euro transactions

Crypto thriving in Turkey despite uncertain economic times

ConsenSys and MoonPay enable crypto purchases in Nigeria via MetaMask

Adam Cochran calls Balaji’s $1m bitcoin goal impossible

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