Tag: banks

Dec 02 2021

Report: Goldman Sachs And Other Wall Street Banks Are Exploring Bitcoin-Backed Loans

Goldman Sachs is among a handful of top-tier banking institutions in the U.S. seeking to take bitcoin as collateral for loans.Goldman Sachs and a handful of other Wall Street banks are exploring ways to do institutional cash loans with bitcoin as collateral, CoinDesk...

Nov 25 2021

The first-ever ‘Bitcoin City’ by El Salvador

The cryptocurrency ecosystem is rapidly developing, and anyone who isn’t willing to accept the new norms will be left behind. Cryptocurrencies such as Bitcoin are not just virtual currency anymore and are as real as any Fiat money. The fact that...

Nov 23 2021

US Regulators To Clarify How Banks Can Engage With Bitcoin In 2022

Nov 23 2021 Published at Bitcoin Magazine under tags  banks bitcoin markets regulators us

The Fed, FDIC, and OCC plan to share detailed guidelines for US banks interested in engaging with Bitcoin in the coming year.US banks will be armed with greater regulatory clarity on how they can engage with Bitcoin and cryptocurrency.The Fed, FDIC, and OCC plan to publish guidelines for financial institutions seeking to offer services in the asset class.The team of...

Oct 27 2021

Scallop gearing up for IBO and KuCoin Listing

Scallop is a new age fintech ecosystem designed to offer users a faster, safer and efficient way to manage their crypto and fiat assets in a single place. The project is bringing the digital assets into...

Oct 26 2021

Central Banking: Then And Now

Oct 26 2021 Published at Bitcoin Magazine under tags  banking banks culture federal reserve

The “Federal Reserve” is a story of insiders and outsiders, and the attempts of those in power to maintain and concentrate it.The People And Events Who Have Shaped Today’s Federal Reserve Monetary System | Part IThis piece will delve into the creation of the Federal Reserve System, and the people and events who have shaped the monetary system into what it...

FDIC considers clear regulatory terms for banks who want to handle crypto assets

The Federal Deposit Insurance Corporation FDIC, has announced through its chairperson Jelena McWilliams that the agency is working with other regulators in the U.S. with hopes of looking at the possibilities of banks involving in crypto-related activities. In a speech which she delivered during the Money20/20 Fintech Conference on Monday, McWilliams said the FDIC, is The post FDIC considers clear regulatory terms for...

FDIC Chairman: US Regulators Exploring How Banks Could Hold Bitcoin

Oct 26 2021 Published at Bitcoin Magazine under tags  banks bitcoin business fdic regulators

Banks' BTC holdings could be used for client trading, as collateral for loans, or held as assets in their balance sheets.U.S. regulators are exploring ways for traditional banks to hold bitcoin.Banks' BTC holdings could be used for client trading, as collateral for loans, or held as assets in their balance sheets."I think that we need to allow banks in this...

Oct 05 2021

Sep 21 2021

JPMorgan, Deutsche Bank Oppose Strict Basel Rules For Banks Holding Bitcoin

The biggest U.S. and European banks oppose strict new rules that would require them to set aside a dollar in capital for every dollar of bitcoin they own.Three months after global banking regulators proposed strict new rules for traditional financial institutions seeking bitcoin exposure, JPMorgan, Deutsche Bank, and other banking giants opposed what would require them to set aside one dollar in...

Aug 26 2021

El Salvador’s Central Bank Issues Guidelines For Banks, Raises Questions

El Salvador’s Central Bank opened the door for banks to develop their own wallets. The organization published the "Guidelines for the Authorization and Operation of Digital Wallet Platforms...

Jul 06 2021

Ukrainian Mobile Only Bank Monobank To Provide Bitcoin Trading Services

Jul 06 2021 Published at Bitcoin Magazine under tags  banks business exchange ukraine

Monobank will integrate bitcoin exchange services to allow its customers to buy and sell BTC from its mobile banking app.Ukrainian mobile-only bank Monobank will provide its customers with bitcoin trading services later this month, announced the company’s co-founder, Oleg Gorokhovsky. The e-bank has already completed its BTC-exchange integration and is awaiting approval from...

Jun 30 2021

650 Community Banks Can Now Offer Bitcoin Purchases Through NCR, NYDIG Partnership

Jun 30 2021 Published at Bitcoin Magazine under tags  banks business ncr nydig

650 U.S. community banks and credit unions serving some 24 million users will be able to offer the ability to buy, sell and hold bitcoin.Enterprise payments firm NCR has partnered with institutional bitcoin solutions provider NYDIG to allow 650 U.S. banks and credit unions to potentially offer bitcoin purchasing services to an estimated 24 million total end users, reported...

Jun 28 2021

Mexican Billionaire Calls Fiat Fraud, Says His Bank Working To Accept Bitcoin

Mexican billionaire Ricardo Salinas Pliego said he is working with his bank, Banco Azteca, to be the first in Mexico to accept bitcoin.Ricardo Salinas Pliego, Mexico's third-wealthiest man and the owner of Banco Azteca as well as a major business empire, reaffirmed his Bitcoin endorsement and shared that he is working with his bank to become the first in Mexico to accept...

Jun 25 2021

NYDIG, Q2 Partner To Offer Bitcoin Services To 18.3 Million Bank Customers

Jun 25 2021 Published at Bitcoin Magazine under tags  banks business nydig q2

Digital banking firm Q2 Holdings has partnered with NYDIG to offer its millions of customers the ability to buy, sell and hold bitcoin.Provider of digital banking solutions Q2 Holdings has announced a partnership with institutional...

May 19 2021

Wells Fargo Will Offer Actively-Managed Cryptocurrency Product

May 19 2021 Published at Bitcoin Magazine under tags  banks business wells fargo

Wells Fargo will launch an actively-managed cryptocurrency strategy to qualified investors, likely to include some form of bitcoin exposure.Wells Fargo is apparently preparing to embrace bitcoin and other cryptocurrencies, as Darrell Cronk, the president of the bank’s investment institute, told...

Apr 02 2021

Why Proposed FATF Rules Could Be a Shock for DeFi

Dave Jevans, CEO of Cipher Trace, talks about what the new draft guidance from the FATF (Financial Action Task Force) means for DeFi, NFTs, and crypto in general. In this show, he breaks down: the six main areas the draft guidance covers, including the expansion of KYC regulatory standards into DeFi (1:07)...

Mar 04 2021

With Bitcoin-To-Bank Sandbox, Colombia Will Become BTC Haven

Mar 04 2021 Published at Bitcoin Magazine under tags  banks business colombia

With its “LaArenera” program, Colombia is embracing the integration of bitcoin with its regulated financial institutions.Colombia has authorized eight bitcoin exchanges for regulatory sandbox testing to start this month. The Financial Superintendency of Colombia (FSC) recently authorized nine alliances between local, regulated banks and cryptocurrency exchanges. The initial partnerships...

Feb 23 2021

Paxos’s Chad Cascarilla: How Blockchain Tech Could Prevent Another GameStop/Robinhood

Feb 23 2021 Published at Unchained Podcast under tags  2021 banks bitcoin blockchain cbdc

In this episode of Unchained, Chad Cascarilla, CEO and cofounder of Paxos, explains how the 2008 financial crisis led him to crypto, what financial plumbing has to do with GameStop, and how Paxos is leveraging blockchain technology to change financial services. In this episode Chad discusses: his work experience prior to Paxos and...

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