Banks News

The Bank of Russia remains skeptical on crypto despite the Russian president viewing it as a potential unit of account.

Allan Flynn won a settlement with ANZ for debanking him and is headed to the tribunal to take on Westpac next week.

The CEO of the British bank believes stablecoins, CBDCs and even NFTs will likely outgrow cryptocurrencies.

Customers can currently generate yields on Polkadot, Tezos and Cardano, but the bank said it planned to add more proof-of-stake protocols in the coming months.

U.S. Bank is now providing custody services for Bitcoin, Bitcoin Cash and Litecoin, according to a company executive.

A growing list of mainstream financial entities have continued to increase their exposure to crypto over the last year or so.

The digital assets division of the international bank wants to provide home loan-backed security tokens as collateral for the loan.

DeFi is now “taken seriously” by traditional finance, but still very hard to understand for beginners.

Unlike Russia, Ukraine has passed laws that will ease the adoption of cryptocurrencies within the country.

Proposed rules would make “bank involvement in the cryptoasset market cost-prohibitive from a capital perspective,” industry associations have told regulators.

South Korean crypto exchange Gopax has told users if it can’t resolve its banking difficulties before a looming regulatory deadline, it will need to shut down.

The head of the body in charge of overseeing U.S. banks named cryptocurrency and decentralized finance (DeFi) activity among factors contributing to disintermediation of the banking system.

The Russian central bank is planning to slow down payments to crypto exchanges and combat suspicious crypto activity.

After launching a Bitcoin investment tool for millionaires earlier this year, Morgan Stanley is diving deeper into crypto.

Treasury officials are studying the risks if too many people decide to withdraw their stablecoins all at once.