Crypto Banks – DIGIT INFO

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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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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Australia’s Bendigo Bank blocks high-risk payments to crypto exchanges

DIGIT — Mon, 31 Jul 2023 05:03:42 +0000

Chainalysis policy lead Chengyi Ong warned crypto users may eventually have no choice but to deal with offshore unregulated exchanges.

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Hong Kong govt pressures banking giants to accept crypto clients: Report

DIGIT — Thu, 15 Jun 2023 07:15:09 +0000

Hong Kong’s central bank reportedly asked major banks including HSBC, Standard Chartered and Bank of China why they aren’t accepting crypto exchanges as clients.

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Blockchain Association files further FOIA requests over banking closures

DIGIT — Mon, 17 Apr 2023 04:41:53 +0000

The crypto advocacy group wants clarity on recent regulatory action against digital asset-friendly banks.

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‘Nobody left to bank crypto companies’ — Crypto Twitter reacts

DIGIT — Mon, 13 Mar 2023 05:06:52 +0000

Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks.

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US Federal Reserve Board Unveils Final Guidelines Used When Reviewing Requests for Access to Master Accounts

DIGIT — Thu, 18 Aug 2022 07:00:16 +0000

The U.S. Federal Reserve Board has said it has released the final guidelines which are set to be used by Reserve Banks when “reviewing requests to access Federal Reserve accounts and payment services.” According to the board, the final guidelines will become effective as soon as they are published in the Federal Register. New Guidelines […]

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