Anchorage adds PayPal stablecoin yield to custody platform
Institutional crypto custodians like Coinbase offer competing rewards programs. Go to Source
Banking
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Hong Kong issues generative AI guidelines for consumer protection
The HKMA introduces new principles for using generative AI, emphasizing governance, transparency, and data protection in consumer-facing applications. Go to Source
Circle proposes new capital-risk framework for Stablecoins
In July 2024, Circle became the first stablecoin issuer to comply with the European Union’s Markets in Crypto Assets regulatory framework. Go to Source
Donald Trump Jr. is launching a crypto platform to ‘take on’ the banks
Donald Trump Jr. has finally revealed what his cryptic DeFi post on X was all about, and it’s got nothing to do with memecoins. Go to Source
Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account
Xapo Bank has entered the UK market, becoming the only licensed banking group to offer a combined interest-bearing USD and bitcoin account. “We’re proud to announce we have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market,” said the CEO of … Read more
Crypto is democratizing investment banking options—Lightspark founder
Cryptocurrencies will challenge the current banking hegemony layer-by-layer, the speakers noted at the 2024 Bitcoin event in Nashville. Go to Source
FDIC nominee Goldsmith Romero says banks can custody digital assets
The Federal Deposit Insurance Corporation Chair nominee stated her position amid the failure of Congress to overturn the SAB-121 veto. Go to Source
Crypto for good: Why blockchain can bring financial inclusion worldwide
John Wingate of BankSocial and Azeem Khan of Morph tell The Agenda podcast how crypto and blockchain can make the world a better, more equitable place. Go to Source
UBS Executive Highlights AI’s Impact on Banking
UBS is witnessing a transformative shift in client interactions driven by artificial intelligence, according to Sabine Keller-Busse, the head of the Swiss bank’s domestic business. Keller-Busse compared the change to how patients now approach doctors with self-diagnosed conditions. UBS Sees AI Revolutionizing Financial Interactions Artificial intelligence (AI) is reshaping the banking industry, with clients increasingly … Read more
US Fed CIO says it’s ‘hard to justify’ hiring human coders over AI
The Federal Reserve’s leadership seemingly views generative AI as a “super analyst” capable of turbocharging the agency’s work process. Go to Source
