banks


Opinion

How Policy Shaped Crypto’s Banking Prospects

A more regulated industry will have an easier time establishing banking relationships.

Sen. Elizabeth Warren (D-MA) questions executives of the nation's largest banks during a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill September 22, 2022 in Washington, DC. (Drew Angerer/Getty Images)

Opinion

Can Banks Issue Stablecoins?

There is no law that bans U.S. banks from issuing paper or digital private banknotes, American Institute for Economic Research senior fellow Thomas Hogan writes.

Thomas Hogan argues that because the issuance of redeemable notes by private banks, in paper or electronic form exists in the U.S., firms should be able to issue stablecoins to their users. (K8/Unsplash)

Finance

Metropolitan Bank Heads for Crypto Exit

The bank cited recent developments in the crypto industry as one of the reasons for the move.

New York

Policy

US Federal Reserve, Other Agencies Continue to Warn Banks About Crypto

U.S. banking regulators argue that the past year of crypto drama underscores the need to keep banks at an arm’s length from the industry.

Edificio de la Reserva Federal de Estados Unidos en Washington, D. C. (Jesse Hamilton/CoinDesk)

Policy

Basel Committee Endorses Global Crypto Banking Rules to Be Implemented by 2025

The rules suggested that a bank's exposure to certain crypto assets must not exceed 2% and should generally be lower than 1%.

(Gary Yeowell/Getty Images)

Finance

Bitcoin Group Agrees to Buy German Bank Bankhaus von der Heydt for More Than $15M

The transaction is expected to be completed by the third quarter of 2023.

(Shutterstock)

Policy

US Watchdog Says Banks Shying Away From Stumbling Crypto Industry

The OCC chief says lenders seem to be backing away from the industry’s recent dramas, and a new report from his regulatory agency criticizes the sector for "weak," risky practices.

Acting OCC chief Michael Hsu (Jesse Hamilton for CoinDesk)

Finance

Big Banks, NY Fed Start to Test Digital Tokens for 'Wholesale' Transactions

Citigroup, HSBC, BNY Mellon, Wells Fargo and Mastercard, are among the financial giants taking part.

The Federal Reserve Bank of New York is leading a program to test the use of digital tokens to settle transactions among financial institutions. (Shutterstock)

Finance

Binance CEO Zhao Considering Buying Banks: Report

Zhao wants his crypto exchange to become a bridge between traditional finance and crypto, according to a Bloomberg report.

Binance CEO Changpeng Zhao (Binance)

Finance

Mastercard Joins With Paxos to Help Banks Offer Crypto Trading

The payments giant will verify transactions and help banks follow compliance rules

(Alina Kuptsova/Pixabay)