Banco of Investimentos Globais (BiG), one of Portugal’s largest banks, started blocking fiat transfers to crypto platforms, according to a notification shared …
Bank
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The Governor of the Czech National Bank (ČNB), Aleš Michl, said the central bank is considering allocating Bitcoin (BTC) to diversify its reserves …
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Regulation
New EU travel rules go into effect in 2025, non-compliant tokens and bank cards affected
by shayaanby shayaanThe European Union (EU) is rolling out significant travel regulation changes starting in 2025, with new rules affecting the use of bank …
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Finance
US Lenders Lose $46,000,000,000 As Customers at Capital One, Citi, JPMorgan Chase, Synchrony, Discover, Citi and Bank of America Face Billions in Delinquencies
by shayaanby shayaanDefaults on credit card loans are skyrocketing in the US. Lenders are now witnessing a 14-year high in credit card defaults, reports …
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Regulation
Binance Granted Broker-Dealer License by Brazil’s Central Bank After Acquiring Brazilian Financial Services Firm
by shayaanby shayaanThe world’s largest centralized crypto exchange by volume has received a broker-dealer license in Brazil via an acquisition. Binance says the Central …
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Garanti BBVA Kripto, supported by Turkey’s fifth largest bank Garanti BBVA, is preparing to launch crypto trading services. The initiative is expected …
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Regulation
China’s central bank highlights Hong Kong’s crypto licensing push amid global regulatory shifts
by shayaanby shayaanIn its latest China financial stability report, the People’s Bank of China highlighted the strides Hong Kong has made in implementing crypto …
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Sberbank, Russia’s largest lender, has joined the digital ruble pilot program along with TBank and Tochka Bank, according to a statement from …
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Finance
JPMorgan Chase, Bank of America, Citigroup and Wells Fargo Consolidate Power Over Banking Industry Amid Record Profit Share: Report
by shayaanby shayaanAmerica’s biggest banks are about to lock in their largest share of the banking industry’s profits in nearly ten years after an …
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Regulation
Singapore’s Central Bank Sees Good Potential for Stablecoins To Become Widely Used Payment Instrument
by shayaanby shayaanThe Monetary Authority of Singapore (MAS) says that stablecoins have the potential to become a widely adopted means of payment. In an …