Nebraska bill to allow banks to offer crypto services moves forward
Nebraska senators have favored a measure that would allow state banks to facilitate crypto transactions like those in Wyoming. Go to Source Powered by WPeMatico
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Swiss banking giant UBS to reportedly offer rich clients crypto investments
Crypto investment offerings for wealthy clients will be limited to a small fraction of their portfolios, due to the volatility of the asset class, sources say. Go to Source Powered by WPeMatico
China’s Digital Yuan Smart Card to Feature Biometrics and Fingerprint Scanning
The People’s Bank of China’s upcoming digital yuan card will feature IDEX Biometrics and fingerprint scanning, according to regional reports. China’s “Digital Currency Electronic Payment” or DCEP is getting closer toward launch by the day. Last week, smart card manufacturer Chutian Dragon and IDEX Biometrics announced the companies are working on a digital yuan payments … Read more
Hundreds of Banks in US to Allow Customers to Buy, Sell, Hold Bitcoin Through Existing Bank Accounts
Hundreds of banks in the U.S. will reportedly start offering access to bitcoin to their customers this year, thanks to a partnership between Fidelity National Information Services and the New York Digital Investment Group. Hundreds of banks have enrolled to participate in the program as they see funds moving from bank accounts to crypto exchanges. … Read more
US banks to allow Bitcoin trading in 2021, says NYDIG execs
U.S. lenders are keen to get in on the crypto trading action and could soon allow customers to buy Bitcoin right from their accounts. Go to Source Powered by WPeMatico
Bahamas central bank prepares national Sand Dollar push this summer
The Bahamas is beginning a push for national digital currency adoption this summer, the central bank’s governor John Rolle said. Go to Source Powered by WPeMatico
Singapore’s largest bank posts tenfold crypto volume growth in Q1 2021
DBS CEO Piyush Gupta said the bank’s exchange has scheduled a token offering for Q2. Go to Source Powered by WPeMatico
Financial advisers lead the institutional push toward crypto adoption
Grayscale’s Michael Sonnenshein, Amber Group’s Jeffrey Wang and Edouard Hindi of Tyr Capital believe financial advisers could be ushering in a new era of crypto adoption. Go to Source Powered by WPeMatico
Fed to Keep Rates Near Zero, Treasury Purchases to Continue, Powell Expects ‘Transitory’ Inflation
In a policy meeting on Wednesday, the U.S. Federal Reserve told the public that monetary easing will continue and the benchmark interest rate will be kept near zero. Just like previous statements from Federal Open Market Committee (FOMC) members, the committee within the central bank is not concerned about inflation and says that it should … Read more
America’s Fifth-Largest Banking Institution US Bank to Offer Cryptocurrency Custody
On April 27, the American bank holding company U.S. Bank revealed in a blog post that the financial institution plans to offer cryptocurrency custody services. The bank’s chief strategy officer for U.S. Bank Global Fund Services, Christine Waldron, says she is proud of her company’s steps toward blockchain and cryptocurrency practices. US Bank to Offer … Read more