DFSA has ordered Saxo Bank to dispose of its cryptocurrency holdings. Danish financial regulators have said local banks are not allowed to hold cryptocurrencies to hedge trading risks. The DFSA order on Saxo Bank’s cryptocurrencyRead More
CACEIS Bank is the wealth services arm of Crédit Agricole and Santander. The company is registered as a digital asset service provider by the French financial market authorities. This approval will allow CACEIS Bank toRead More
The Swiss parliament on Thursday launched talks on a planned public liquidity backstop (PLB) for systemically important banks (SIBs), shortening the industry engagement period to 21 June 2023. Said Due to the urgency of theRead More
Commercial bank money has been one of the main beneficiaries, with a significant increase in its use, as the Covid-19 pandemic has caused a global shift away from the use of physical money. Redeemable forRead More
Silvergate shares plunged on news that the crypto-friendly bank would scale back operations. The company has said it will fully repay all customer deposits. Silvergate has been in trouble since late 2022 following the collapseRead More
HSBC has bought the UK division of failed US bank Silicon Valley Bank (SVB) for £1. The SVB collapsed last week, shocking not only the banking and financial industry, but also cryptocurrencies. Businesses and customersRead More
U.S. bank stocks rallied on Tuesday, improving after falling sharply early Monday. Shares plunged a day earlier on concerns about the financial king The SVB collapse cast a shadow over the nation’s bank stocks onRead More
Circle said it was unable to withdraw $3.3 billion from Silicon Valley Bank. SVB has been under FDIC control since its collapse. USDC lifted the peg on the news and fell 8% to a lowRead More
advertisement On March 3, Tether denied reports suggesting it was involved in an outside attempt to obtain bank accounts through forged documents. WSJ Claims Tether Executives Signed False Documents The Wall Street Journal on MarchRead More
advertisement The Reserve Bank of Australia (RBA) is establishing a use case for a central bank digital currency (CBDC) to determine the economic benefits to be gained through the new currency. research project over theRead More