Regulatory clarity key for banks entering crypto, industry exec says
Lead Bank executive Erica Khalili talks about why now’s not an easy time in the digital banking sector. Go to Source
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US ‘far behind’ on crypto, election no quick fix: Ripple APAC boss
The United States is lagging behind crypto-friendly regions like Singapore and the UAE, but there’s still a chance it can catch up, says Ripple APAC MD Fiona Murray. Go to Source
Fed hits Texas bank with cease and desist over servicing crypto firms
The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures. Go to Source
Federal Reserve Cracks Down on Customers Bank’s Crypto Strategy
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 … Read more
Customers Bank to strengthen AML compliance after Fed scrutiny
The crypto-friendly bank’s activities during the 2023 banking crisis will also be examined. Go to Source
UAE’s Zand Bank to Offer Crypto Services
Zand Bank, the UAE’s first digital bank, has entered into a strategic partnership with Taurus SA, a global leader in digital asset technology for banks. This partnership will cover all aspects of Zand’s digital asset infrastructure, including custody, tokenization, and blockchain connectivity. Zand will leverage Taurus’ integrated custody and tokenization solutions to expand its digital … Read more
Crypto highlighted as ‘novel and complex’ risk to US banks: FDIC report
The FDIC warns that uncertainty around crypto’s legal status, the likelihood of fraud and contagion present key risks to United States banks. Go to Source
‘Home’ regulator could solve crypto’s ‘fragmented supervision’ issue: Comptroller
During a speech at a banking conference in DC, acting comptroller Michael Hsu said FTX was an example of why a “consolidated home country supervisor” is needed. Go to Source Powered by WPeMatico
Tether strikes at WSJ over ‘stale allegations’ of faked documents for bank accounts
Tether has hit back at a Wall Street Journal report detailing alleged shady dealings by it and Bitfinex to open bank accounts. Go to Source Powered by WPeMatico
Crypto-Friendly Banking Platform Cashaa Expanding in India, US, Africa
Crypto banking platform Cashaa has unveiled plans to expand its services in India, the U.S., Africa, and the Caribbean. In India, the company aims to create “the first crypto-friendly banking platform” that is regulated by the central bank, the Reserve Bank of India (RBI), Cashaa’s CEO has shared with news.Bitcoin.com. Cashaa Unveils Expansion Plans London-based … Read more
