SEBA Bank secures in-principle nod for crypto services in Hong Kong
SEBA Hong Kong’s approval joins a flurry of regulated crypto activity that’s taken place over the past month. Go to Source
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US bank reveals $170M in crypto holdings: Q2 earnings report
Sofi started offering crypto services even before it became a bank and its banking license might change the way it hodl crypto. Go to Source
Kansas Heartland Tri-State Bank closed by FDIC as banking crisis deepens
Heartland Tri-State Bank of Elkhart was closed on July 29, with the Federal Deposit Insurance Corporation (FDIC) taking control. Go to Source Powered by WPeMatico
Existential threat? Why some banks are anxious about CBDCs
The prospect of a retail CBDC has some major banks anxious over their revenue streams. Go to Source Powered by WPeMatico
Russian CBDC by 2025? What’s happening with the digital ruble
2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then. Go to Source Powered by WPeMatico
A new age in investing: The transformative power of asset tokenization
From real estate to franchising, and from renewable energy to Hollywood, tokenization has the potential to transform the way we do business. Go to Source Powered by WPeMatico
Binance Australia got 12 hours’ notice before it was debanked, says exec
Binance Australia head Ben Rose claimed the exchange got less than a day’s warning from its payments partner before it was “cut off” from the local banking system in May. Go to Source Powered by WPeMatico
EU’s new crypto law: How MiCA can make Europe a digital asset hub
MiCA was recently signed into law and published in the EU’s official journal, starting the countdown for implementing the first-of-its-kind crypto legislation in 27 member states. Go to Source Powered by WPeMatico
US court rejects Fed’s motion to dismiss Custodia Bank case
Digital asset bank Custodia sued the Fed in June 2022, claiming an “unlawful delay” in processing an application for its master account. Go to Source Powered by WPeMatico
Stablecoins are a critical countermeasure to Operation Chokepoint
Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines. Go to Source Powered by WPeMatico
