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A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According to inews24, the bank announced the investment in the … Read more
HDBank has processed its first L/C transactions since joining the Contour platform for international trade. Go to Source Powered by WPeMatico
More state regulators are gunning for the OCC and Brian Brooks, this time over usury laws and predatory lending. Go to Source Powered by WPeMatico
The latest from the Treasury’s most crypto-forward office says that national banks don’t have to fear stablecoin nodes. Go to Source Powered by WPeMatico
When it comes to crypto regulation, the United States is falling further behind more progressive and visionary nations. Go to Source Powered by WPeMatico
Top U.S. banks have racked up almost $200 billion in fines and penalties over the past 20 years from illegal activities in 395 major legal cases. Bank of America tops the list, followed by JPMorgan, Citigroup, and Wells Fargo, according to a new report, which also covers Morgan Stanley and Goldman Sachs. Big Banks’ $200 … Read more
A major network of state banking regulators is renewing its attack on the OCC’s moves to register non-depository institutions. Go to Source Powered by WPeMatico
There’s often talk about how decentralized finance could eliminate the need for traditional banks… but what if DeFi could enhance their digital services? Go to Source Powered by WPeMatico
Compliance and regulations become more important than ever before for banks and traditional institutions that offer support for digital assets. Go to Source Powered by WPeMatico
Major Russian bank VTB uses a central bank-backed blockchain to issue bank guarantees to local cellular network giant MTS. Go to Source Powered by WPeMatico