The major retail and commercial financial institution National Westminster Bank (Natwest) has categorized cryptocurrencies as “high risk” and refuses to serve business customers who accept digital assets for payments. A Natwest board member, Morten Friis, explains the bank has no appetite for dealing with these types of customers as Natwest is taking a “cautious approach” […]
Former top U.S. banking regulator Brian Brooks is joining the U.S. affiliate of the world’s largest cryptocurrency exchange as its new CEO.
Turkey’s central bank is also banning payment providers from offering fiat-to-crypto onramps for cryptocurrency exchanges.
Bank of America asked 200 professional investors with $533 billion in assets under management about their opinions on Bitcoin.
The EIB has reportedly hired banks like Goldman Sachs and Societe Generale to explore a digital bond, registered and settled via blockchain.
State Street-owned FX platform Currenex will provide its infrastructure for the Pure Digital cryptocurrency exchange.
IADB disbursed tokenized funds to a recipient in the Dominican Republic using the LACChain blockchain network.
Participants will receive a discount for every central bank digital currency expenditure worth 100 yuan.
JPMorgan’s boss Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are “playing an increasingly smaller role in the financial system” and there’s a list of items like digital currencies he’s named that needs to be “dealt […]
The Sveriges Riksbank said that CBDC technology still requires further investigation.