banks


Markets

Meet in the Middle: Crypto Companies and Banks Are Evolving Together

Kraken’s move to become a bank in Wyoming is more about getting traditional finance to adapt to the crypto industry than the other way around.

ATM with cash

Finance

Pandemic Will Speed Bitcoin Adoption, Says DBS Bank Economist

When it comes to bitcoin, Singapore's DBS Bank sees a "pandemic-led acceleration of adoption."

DBS Bank, Singapore, Hong Kong

Markets

US Regulator to Shake Up Banking With Federal Charters for Payment Firms

Acting Comptroller of Currency (and former Coinbase exec) Brian Brooks is spearheading the move to let payment firms operate as banks across state lines.

Acting Comptroller of Currency Brian Brooks

Finance

Barclays' Former Russian Bank Has Issued a Token-Collateralized Loan

Expobank has issued its first loan using WAVES tokens as collateral – the bank are now estimating what future demand could be.

Moscow at night (Shutterstock)

Policy

Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services

Nationally regulated banks want the OCC to clarify just how and when they can provide cryptocurrency services, hinting traditional financial institutions are paying close attention to the space.

National banks are looking for more clarity around crypto, they told a federal regulator last week. (Steven Bornholtz/Wikimedia Commons, modified with PhotoMosh)

Markets

Digital Bank Revolut Adds Stellar to List of Supported Cryptocurrencies

Users will now be able to buy and sell XLM on Revolut’s platform, the fintech firm announced Tuesday.

Revolut app

Policy

Banks Won't Rush to Hold Crypto – But OCC's Regulatory Approval Makes It Harder to Ignore

Regulatory approval doesn't mean banks are about to begin providing crypto custody, but it is accelerating a conversation about financial institutions safeguarding bitcoin.

OCC

Markets

Crypto Bank Hopeful Bitcoin Suisse Raises $48M in First-Ever Round

Bitcoin Suisse said some of the funding will go to new product offerings if its banking license applications are successful.

Zug, Switzerland

Policy

Banks in US Can Now Offer Crypto Custody Services, Regulator Says

U.S. regulators have cleared the way for national banks to provide cryptocurrency custody services on behalf of customers.

Bank vault (State Library of New South Wales, modified by CoinDesk using PhotoMosh)

Markets

UK Fintech Bank Revolut Will Give Customers 'Legal' Ownership Over Cryptos – But With a Caveat

UK fintech bank Revolut will give its customers legal ownership over their cryptocurrencies next month, but will limit how they can spend those coins.

Revolut CEO Nikolay Nikolay Storonsky (Stephen McCarthy/Web Summit via Sportsfile/Flickr)