Tag: bank

Dec 16 2022

New York Financial Regulators Issue Crypto Guidance For Banks

Dec 16 2022 Published at Bitcoinist.com under tags  bank btcusd btcusdt crypto crypto news

The New York State Department of Financial Services (DFS) has handed out guidance to regulated banks that wish to engage in activities related to cryptocurrencies. DFS has provided these banks with a checklist of submission requirements for the state regulator seeking to conduct businesses in crypto. The guidance went into effect...

Dec 14 2022

Top 10 Crypto-Friendly Banks In 202‍3

Banks that support cryptocurrencies accept them as a form of payment and provide customers access to cheaper transaction costs. We'll examine the best crypto-friendly banks in 2023 in this post. Despite the fact that banks are afraid of cryptocurrencies, some have welcomed customers who use this cutting- edge digital money. One may be forced to ask, […] The post...

Nov 23 2022

A Crypto Wallet For JPMorgan? Yes, America’s Biggest Bank Doesn’t Really Hate Crypto

A crypto wallet for JPMorgan can be a little surprising, considering the banking giant has never really been very affectionate about crypto. Topping the list of the largest banks and bank holding companies by market cap, JPMorgan is taking a different stance and now joins the growing number of people and financial institutions adopting crypto wallet. It can be recalled that back in...

Oct 20 2022

$9 Billion European Digital Bank N26 Enables Bitcoin Trading

Users cannot transfer funds off the platform due to the bank not supporting custodial wallets, but there are lower fees for bitcoin than other digital assets.N26, a $9 billion European digital bank, is launching bitcoin and cryptocurrency trading services, per a report from CNBC.N26 Crypto, the...

Oct 09 2022

Traditional Banks Are Failing Everyday Savers. Bitcoin Is The Alternative

Oct 09 2022 Published at Bitcoin Magazine under tags  bank culture opinion relai saving

Savings account interest rates are not reflecting the changes in interest rates. Bitcoin is a hassle-free way to save and take custody of your assets.This is an opinion editorial by Julian Liniger, the co-founder and CEO of Relai, a bitcoin-only investment app.Traditional banks are short-changing customers by failing to reflect inflationary changes in the saving account interest rates they offer. On...

Sep 29 2022

Kazakhstan Completes First Crypto Purchase With Local Currency, Eyes Regulation: Report

President Tokayev said Kazakhstan will give full legal recognition to digital assets if demand persists while they continue testing security concerns.The first purchase of cryptocurrency with Kazakhstan’s local currency has been finalized.The President of Kazakhstan says further demand could likely result in full legal recognition of digital assets. The country will continue running a...

Sep 21 2022

French Banking Giant Launches Bitcoin Fund Services For Asset Managers

Societe Generale said its new suite of services geared to asset managers facilitates the creation of bitcoin and cryptocurrency funds under European law.A French banking behemoth is making it easier for asset managers to offer funds tied to bitcoin.The services are geared to institutions seeking to capitalize on increased demand for BTC and cryptocurrency.The bank promises a “simple...

Aug 23 2022

Next Step To Widespread Bitcoin Adoption: Community Banks

With Taro, payments are routed through Lightning, weakening stablecoins and opening up opportunities for community banks to connect users to a global audience.This is an opinion editorial by Leo Weese , co-founder of the Bitcoin Association of Hong Kong, where he has organized Bitcoin meetups since 2012.Over the years, Bitcoin has continually proven itself as a robust asset with a...

Jul 11 2022

Fifth Largest Swiss Bank To Enable Bitcoin Trading For Over 2 Million Customers

Jul 11 2022 Published at Bitcoin Magazine under tags  bank bitcoin business news postfinance

The banking arm of the Swiss post office and fifth largest Swiss retail bank is set to launch bitcoin trading and custody services by 2024.The fifth largest retail bank in Switzerland will allow its over two million customers to buy, sell and hold bitcoin by 2024. PostFinance is not only a leading Swiss retail bank, but is also the banking arm of...

Jun 21 2022

Can Bitcoin Solve Our Debt Addiction?

Many cryptocurrency lending schemes are eerily similar to banks’ abilities to loan out money and create debt through fractional reserve banking.Margarita Groisman graduated from the Georgia Institute of Technology with a degree in industrial engineering and analytics....

May 23 2022

Japan's Second Largest Bank To Launch Institutional Bitcoin, Crypto Custodial Services

May 23 2022 Published at Bitcoin Magazine under tags  bank bitcoin business japan news

Sumitomo Mitsui Trust will partner with Bitbank to form a company focused on institutional custodial services for bitcoin and other cryptocurrencies.Japanese bank Sumitomo Mitsui Trust is launching a new company for institutional clients looking for custodial services for bitcoin and other cryptocurrencies.The new company will be called Japan Digital Asset Trust and is a joint-venture with 85%...

May 19 2022

Swiss Bank Julius Baer To Offer Bitcoin, Crypto Services

Zurich-based Julius Baer Group will begin offering bitcoin and other cryptocurrency products and services to its clients.Julius Baer Group, a Swiss private bank, will begin offering bitcoin and other cryptocurrency products to high-net-worth individuals. Julius Baer explained we are likely witnessing a bubble similar to the dot-com burst which birthed a new industry. The bank...

May 18 2022

Crypto Subsidiary To Be Launched By Japan’s Largest Investment Bank

May 18 2022 Published at Bitcoinist.com under tags  bank crypto crypto news japan nomura

Leading Japanese Investment bank, Nomura has decided to launch a crypto subsidiary. This new unit by Nomura shall be operated outside of Japan with a team of 100 personnel by the end of next year. This move is primarily concerned with facilitating institutional clients could invest in cryptocurrencies and non-fungible tokens. The report from Financial Times stated that Nomura plans to give institutions...

May 13 2022

Japan’s Largest Broker Nomura Now Offers Bitcoin Derivatives

Nomura Holdings began trading bitcoin derivative contracts this week including options and futures citing increased institutional demand.Nomura Holdings, Japan’s largest brokerage, now offers bitcoin-based derivatives. Available derivative contracts are non-deliverable forward and options, as well as futures and options contracts.Nomura’s economic consulting arm Nomura Research...

Feb 21 2022

Feb 15 2022

Valliance Bank Taps Bakkt to Provide Crypto Trading Services to Customers

Valliance Bank has selected Bakkt Holdings, Inc, a digital assets company, as it looks to offer its retail customers access to cryptocurrency.

Jan 06 2022

Crypto Bank Sygnum Secures $90 Million in Series B

Digital asset technology group, Sygnum inches closer to the status of a unicorn after raising $90 million in its Series B round. The company is now valued at $800 million.

Nov 24 2021

OCC Issues Regulatory Clarity For Banks, Here’s How It Aligns With International Regulations

The Office of the Comptroller of the Currency (OCC) has today published a clarifying letter to banks and federal savings associations. As stated in the letter, these concerned parties must demonstrate that they have absolute controls before engaging in any crypto-based activities. Regulatory Clarity For Banks Speaking about the regulatory clarity, the Acting Comptroller of The post OCC Issues Regulatory Clarity For Banks,...

Nov 23 2021

Citi Set To Expand Digital Assets Division With 100 New Hires

Multinational bank Citi is on a hiring spree to expand its blockchain and digital assets division. The company first launched its digital assets division in June this year. Now, it plans to grow the division by hiring 100 new people. Related Reading | Why Citi Is “Slowly” Building A Crypto Infrastructure, CEO...

Oct 05 2021

US Bank to Offer Bitcoin Custody Services

The fifth-biggest bank in the country will offer the service to the fund managers in a first instance.

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