Coinbase CEO Brian Armstrong recently stated that banks should not lend out customer deposits without obtaining the depositors’ explicit consent. His comments, …
Bank
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In brief The Department of Justice filed a civil forfeiture complaint on July 15 targeting $84.2 million in accounts tied to Capstone …
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Regulation
Agora Wins Preliminary OCC Approval to Launch U.S. National Trust Bank
by shayaanby shayaanAgora has received preliminary conditional approval from the Office of the Comptroller of the Currency to establish a national trust bank in …
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Hana Bank, one of South Korea’s largest commercial lenders, has issued a $100 million digital bond on Euroclear’s blockchain platform and settled …
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The Bank of Korea has launched its first 24-hour won settlement network pilot, allowing foreign investors to settle Korean currency transactions outside …
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The Bank of Russia has proposed capping banks’ total risk from cryptocurrencies and foreign digital instruments at 1% of their capital as …
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Markets
Why this investment bank expects little demand for tokenized stocks despite SEC’s new trading rules
by shayaanby shayaanTD Cowen expects limited demand for tokenized stocks despite new SEC rules opening a path for trading outside traditional markets. www.coindesk.com
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Stablecoin infrastructure provider Bastion said the Office of the Comptroller of the Currency (OCC) had granted it preliminary conditional approval for a …
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Bastion, the stablecoin infrastructure provider for enterprises and financial institutions, said on September 18 that the Office of the Comptroller of the …
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Markets
Bank of Japan raises interest rates by 25 basis points. Bitcoin tops $77,000
by shayaanby shayaanThe yen declined and BTC rose after the BOJ hiked rates to the highest level in 31 years. www.coindesk.com