Banking

Bitcoin

New York’s Quontic Becomes First US Bank to Offer a Bitcoin Rewards Debit Card

Queens-based Quontic Bank has become the first FDIC-insured financial institution to launch a bitcoin rewards checking program.

Business  ·  15 December 2020
Banking

Banca Generali Leads $14M Round in Italian Crypto Custody Firm Conio

Banca Generali, a subsidiary of Italy’s largest insurer, will also help its customers hold bitcoin following the $14 million Series B.

Business  ·  15 December 2020
Banking

The Bitcoin Banking Battle Heats Up

Banks are moving into crypto and crypto companies are trying to become banks, so how does it all play out?

People  ·  12 December 2020
Regulation

FinCEN Encourages Banks to Share Customer Information With Each Other

The guidance is apt to chafe privacy advocates, inside and outside the crypto space, who are already uneasy about the honeypot that FinCEN’s suspicious activity report database has become.

Policy & regulation  ·  11 December 2020
CBDCs

SDX Chief Gets Philosophical About Crypto’s Swiss-Singapore Connection

The crypto corridor connecting Switzerland and Singapore is firming up, involving many of the usual suspects in banking, custody and trading.

Business  ·  11 December 2020
CoinFlash

JPMorgan Completes Live Blockchain Repo Trade Ahead of New Product Launch

The live repo trade used a blockchain application built in-house, as well as the bank's jpm coin.

Business  ·  10 December 2020
Banking

Crypto Asset Manager NYDIG Hires Tech-Savvy Banker to Pitch Its Wares to Institutions

Former Quontic Bank executive Patrick Sells will be responsible for developing NYDIG’s white-labeled crypto services for banks.

News  ·  9 December 2020
China

Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA

A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank.

News  ·  9 December 2020
BitPay

Crypto Startup BitPay Files to Become Federally Regulated US Bank

Crypto payments firm BitPay has filed to become a national bank in the U.S., according to a Dec. 8 legal notice.

Policy & regulation  ·  9 December 2020
ErisX

Standard Chartered Bank to Launch Crypto Trading for Institutional Investors: Sources

Standard Chartered has gathered a group of crypto exchanges for a new digital asset trading platform tailored to the institutional market, according to sources.

Business  ·  8 December 2020
Banking

Spain’s Second-Largest Bank Will Soon Launch Crypto Services: Sources

BBVA is poised to enter the cryptocurrency trading and custody space, according to two people familiar with the plans.

Business  ·  7 December 2020
Russia

Bank of Russia Fields Banking Industry Concerns Over Digital Ruble Proposal

Russian banks fear being left out of the central bank's proposed digital currency system, according to a report.

Policy & regulation  ·  27 November 2020
Banking

US Regulator Seeks End to Bank Deplatforming of ‘Disfavored’ Industries (Like Crypto)

Call it the CPR for Operation Choke Point.

Business  ·  21 November 2020
Exchanges

Gemini Exchange Is Using ClearBank for UK Banking Services

Gemini announced it was expanding into the United Kingdom in late September.

Business  ·  19 November 2020
Regulation

Custodian Anchorage Seeks Charter From Crypto-Friendly US Bank Regulator OCC

If its application is approved, Anchorage would be the first crypto company to get a national bank charter.

Policy & regulation  ·  17 November 2020