The FDIC warns that uncertainty around crypto’s legal status, the likelihood of fraud and contagion present key risks to United States banks.
Category: crypto banking
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‘Home’ regulator could solve crypto’s ‘fragmented supervision’ issue: Comptroller
During a speech at a banking conference in DC, acting comptroller Michael Hsu said FTX was an example of why a “consolidated home country supervisor” is needed.
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Tether strikes at WSJ over ‘stale allegations’ of faked documents for bank accounts
Tether has hit back at a Wall Street Journal report detailing alleged shady dealings by it and Bitfinex to open bank accounts.
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Crypto-Friendly Banking Platform Cashaa Expanding in India, US, Africa
Crypto banking platform Cashaa has unveiled plans to expand its services in India, the U.S., Africa, and the Caribbean. In India, the company aims to create “the first crypto-friendly banking platform” that is regulated by the central bank, the Reserve Bank of India (RBI), Cashaa’s CEO has shared with news.Bitcoin.com. Cashaa Unveils Expansion Plans London-based […]
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10 Loan Providers Taking Crypto as Collateral, If You Think the Time Is Right for Hodling
If you are not ready to part with decentralized money, at a time when prices are relatively low, but need some fiat cash to cover costs in times of crisis, crypto-backed loans are a working solution. A number of platforms offer this type of service and their popularity is growing among cryptocurrency enthusiasts who are […]
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The Country With Europe’s Highest Interest Rate Has Cut It 5 Times This Year
Around half of European countries, over 20, now have 0% interest rates and a few are already in negative territory. Ukraine, which has the highest benchmark interest rate on the continent, has just reduced it again, for the fifth time this year. The race between central banks to cut rates, when there is inflation, has […]
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Swiss Crypto Firm Sygnum Seeks a Banking License in Singapore
The future of crypto banking remains rather uncertain at this time. Singapore may prove to be a region worth exploring for cryptocurrency firms opting for this business model. Sygnum is one of those companies with big plans and high expectations. Sygnum is one of the many cryptocurrencies companies looking to disrupt traditional finance as people know it today. Sygnum Paves the way for Crypto Banking The Swiss company has made a name for itself by obtaining a conditional banking and securities license in its native country. To expand its venture, Sygnum hopes to make an impact in Singapore. The choice
The post Swiss Crypto Firm Sygnum Seeks a Banking License in Singapore appeared first on The Merkle Hash.
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Here’s How Europeans Can Deal With Negative Interest Rates
Low and negative interest rates have been a burden for account holders across Europe for some time. And it’s only getting worse, as the European Central Bank just announced a new rate cut to a record low of -0.5%. Private and corporate customers in many countries on the continent don’t have a lot of options […]
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Crypto Banking Expands With Positive Interest Rates and New Services
Banking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks there have started passing the burden to […]
The post Crypto Banking Expands With Positive Interest Rates and New Services appeared first on Bitcoin News.
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