Silvergate closes Exchange Network, releases $9.9M to BlockFi
The bank is discontinuing its crypto payment network, claiming the termination is a risk-based decision. Go to Source Powered by WPeMatico
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UK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report
The banks join a growing list of financial institutions in the country tightening restrictions on digital assets. Go to Source Powered by WPeMatico
Russian bank issues first on-chain bank guarantee in Chinese yuan
The transaction was performed through the Masterchain blockchain platform, which is the Russian national blockchain network. Go to Source Powered by WPeMatico
UK banking regulator to propose crypto issuing, holding rules after Basel 3 finalized
The Bank of England Prudential Regulatory Authority will facilitate international economic growth under the Financial Services and Markets bill now in Parliament. Go to Source Powered by WPeMatico
Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in peer-to-peer deals, the analysis shows. It also highlights an increased Russian interest in tether. Russian Traders Still Using … Read more
US agencies recommend old risk management principles for crypto liquidity
The joint statement highlighted the key liquidity risks associated with crypto-assets and related participants for banking organizations. Go to Source Powered by WPeMatico
FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves
The Atlanta, Georgia-based bank joined the Federal Reserve System in 1947 and is classified as a Minority-owned Depository Institution. Go to Source Powered by WPeMatico
Bank of Russia to Start Testing Digital Ruble With Real Users on April 1
The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More than a dozen banks will join the upcoming stage of the pilot project, a high-ranking representative of the bank announced to Russian media. Russia’s Monetary Authority to Trial Actual Settlements With Digital … Read more
MakerDAO voting on $100M loan participation with Florida commercial bank
Florida’s Cogent Bank is proposing a $100 million participation in loans to MakerDAO’s RWA Master Participation Trust. Go to Source Powered by WPeMatico
Industrial Giant Siemens Issues €60 Million Digital Bond on Blockchain
German conglomerate Siemens has for the first time issued a blockchain-based digital bond denominated in euros. In an announcement, the corporation highlighted the benefits of using blockchain, including the opportunity for direct sale to investors. Digital Bond Issued Under Germany’s Electronic Securities Act The largest industrial manufacturer in Europe, Siemens, announced it has become one … Read more
