crypto banking – DIGIT INFO

Regulatory clarity key for banks entering crypto, industry exec says

DIGIT — Wed, 16 Oct 2024 18:07:24 +0000

Lead Bank executive Erica Khalili talks about why now’s not an easy time in the digital banking sector.

US ‘far behind’ on crypto, election no quick fix: Ripple APAC boss

DIGIT — Fri, 20 Sep 2024 05:58:47 +0000

The United States is lagging behind crypto-friendly regions like Singapore and the UAE, but there’s still a chance it can catch up, says Ripple APAC MD Fiona Murray.

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Fed hits Texas bank with cease and desist over servicing crypto firms

DIGIT — Thu, 05 Sep 2024 04:16:15 +0000

The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures.

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Federal Reserve Cracks Down on Customers Bank’s Crypto Strategy

DIGIT — Fri, 09 Aug 2024 09:25:14 +0000

The U.S. Federal Reserve has taken decisive action against Customers Bank, highlighting significant compliance deficiencies in its digital asset strategy and instant payments network. The enforcement action mandates the bank to bolster its Anti-Money Laundering (AML) protocols and limit risks associated with its digital asset clients. This move underscores the increasing regulatory scrutiny on financial […]

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Customers Bank to strengthen AML compliance after Fed scrutiny

DIGIT — Thu, 08 Aug 2024 20:28:05 +0000

The crypto-friendly bank’s activities during the 2023 banking crisis will also be examined.

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UAE’s Zand Bank to Offer Crypto Services

DIGIT — Thu, 04 Jul 2024 08:55:27 +0000

Zand Bank, the UAE’s first digital bank, has entered into a strategic partnership with Taurus SA, a global leader in digital asset technology for banks. This partnership will cover all aspects of Zand’s digital asset infrastructure, including custody, tokenization, and blockchain connectivity. Zand will leverage Taurus’ integrated custody and tokenization solutions to expand its digital […]

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Crypto highlighted as ‘novel and complex’ risk to US banks: FDIC report

DIGIT — Tue, 15 Aug 2023 03:45:08 +0000

The FDIC warns that uncertainty around crypto’s legal status, the likelihood of fraud and contagion present key risks to United States banks.

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‘Home’ regulator could solve crypto’s ‘fragmented supervision’ issue: Comptroller

DIGIT — Tue, 07 Mar 2023 03:44:27 +0000

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

DIGIT — Mon, 06 Mar 2023 05:20:03 +0000

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

DIGIT — Sat, 05 Sep 2020 16:15:50 +0000

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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