The trader had operated a registered digital currency exchange, but said he was unable to continue operating without banking services.
Brooks considers the migration of the financial system onto the internet “inevitable.”
The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble.
Brooks is optimistic that regulators will find it easier to work with algorithms than with bankers.
Bitcoin made a swift 20% recovery from the weekend’s bloodbath, while American banks prepare to post major losses in their upcoming quarterly reports.
South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit.
A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According to inews24, the bank announced the investment in the […]
HDBank has processed its first L/C transactions since joining the Contour platform for international trade.
More state regulators are gunning for the OCC and Brian Brooks, this time over usury laws and predatory lending.
The price of bitcoin and native tokens for other stablecoin-supporting blockchains jumped after the OCC approved banks to use public blockchains.