Celo (CELO) is a blockchain platform that aims to create a more inclusive financial system by providing mobile-friendly tools and services for individuals and communities worldwide, particularly those without access to traditional banking infrastructure. Celo’s design is mobile-first, aiming to provide financial services and tools that can be easily accessed and used on smartphones, […]
Celo (CELO): A Mobile-First Cryptocurrency Read More »
Societe Generale-FORGE (SG-FORGE), the crypto-asset arm of French banking giant Societe Generale, has announced the launch of a new U.S. dollar-pegged stablecoin, the USD CoinVertible (USDCV), set to operate natively on both the Ethereum and Solana public blockchains. The launch marks SG-FORGE’s second stablecoin initiative, following the EUR CoinVertible (EURCV) release in April 2023. Like
SocGen doubles down on stablecoins with USD launch and BNY custody Read More »
JPMorgan is set to begin accepting Bitcoin (BTC) exchange-traded funds as collateral for loans, Bloomberg News reported on June 4. The lender also plans to consider digital asset holdings when evaluating a client’s net worth and liquid assets, placing crypto alongside traditional categories such as equities, vehicles, and fine art when assessing lending eligibility. The
Banco Santander is exploring the development of a fiat-backed stablecoin and expanding its crypto offerings to retail clients, marking a potential new chapter in the bank’s digital asset strategy. According to a May 29 Bloomberg News report, the initiative, still in its early stages, may include both US dollar and euro-pegged tokens. Santander joins a
Banco Santander eyeing crypto expansion with fiat-backed stablecoin Read More »
On January 31, 2024, leading U.S. banking trade groups, including the American Bankers Association (ABA), the Bank Policy Institute (BPI), and the Securities Industry and Financial Markets Association (SIFMA), sent a formal petition to the U.S. Securities and Exchange Commission (SEC) requesting that it withdraws a controversial cybersecurity incident disclosure rule. The petition, submitted on
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › If you hold significant Bitcoin—or aspire to—traditional banks can feel outdated and crypto exchanges too risky. Xapo Bank delivers a third way: a fully licensed private bank and Virtual Asset Service Provider (VASP) regulated by the
Unlock global wealth with Xapo Bank Read More »
Members of the Federal Reserve’s Community Depository Institutions Advisory Council (CDIAC) raised concerns that nonbank-issued stablecoins could accelerate deposit outflows from traditional banks and reduce credit availability to local communities. According to the April 10 meeting records, council members expressed apprehension over pending legislation in Congress related to payment stablecoins and their regulatory treatment. They
Fed council warns stablecoins may pose risk to bank deposits and credit capacity Read More »
The Office of the Comptroller of the Currency (OCC) confirmed on May 13 that national banks are now authorized to engage in a wide range of crypto-asset activities, removing long-standing regulatory ambiguities that had kept many financial institutions on the sidelines. In tandem with recent moves by the Federal Reserve, the policy shift opens the
US banking authority clears path for crypto services at national banks Read More »
Update (May 10 2025): Following a detailed review of Royal Decree 253/2025, the official BOE text, and multiple independent fact‑checks, we determined that an earlier version of this article inaccurately claimed Spaniards must give 24‑hours’ notice to tax authorities before withdrawing more than €3,000 in cash and could face fines of up to €150,000 for non‑compliance. In reality, the reporting duty falls
Spain demands tighter bank oversight, fuels Bitcoin appeal Read More »
The US Office of the Comptroller of the Currency (OCC) has shifted its stance on crypto in banking, allowing banks to buy and sell cryptocurrency held in custody at the direction of their customers. This marks a departure from earlier resistance and comes as part of an updated policy to facilitate banks’ involvement in crypto-asset
OCC Grants Banks Permission to Buy and Sell Custody-Held Cryptocurrencies Read More »
