The third phase of the CBDC pilot will involve implementing tokenization solutions that allow customers to provide banks with visibility into their …
Bank
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Regulation
Bank of America eyes dollar-pegged stablecoin amid Senate fast-tracking GENIUS Act
by shayaanby shayaanBank of America CEO Brian Moynihan confirmed the lender plans to issue a dollar-pegged stablecoin and is working on an internal build …
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Deutsche Bank AG is actively exploring stablecoins and various forms of tokenized deposits as major financial institutions gain confidence in expanding their …
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Markets
Deutsche Bank Considers Stablecoin or Joining Industry-Led Initiative, Exec Says
by shayaanby shayaanDeutsche Bank is studying stablecoins and tokenized deposits as part of its growing digital assets strategy, joining other major banks exploring blockchain …
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Finance
Brazil’s central bank plans to use CBDC data to guide interest rate decisions
by shayaanby shayaanBrazil’s Central Bank plans to treat transaction data from its central bank digital currency (CBDC) infrastructure, called Drex, as a direct input …
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Regulation
South Africa Central Bank Argues ‘Outdated’ Exchange Control Law Still Valid for Crypto Regulation
by shayaanby shayaanThe South African central bank has appealed a High Court ruling that criticized its use of an outdated exchange control law to …
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Bank of America has warned that the U.S. dollar could be in for a rough summer, having already dropped sharply this year. …
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Mining
Bitcoin Miners Bank Big in May—Highest Monthly Earnings Since the Halving
by shayaanby shayaanFigures logged in May show that bitcoin miners achieved their most lucrative month since the network’s fourth halving in April 2024. During …
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Regulation
‘Revenge Tax’ Hidden in President Trump’s Bill Could Trigger Capital War, Warns Deutsche Bank: Report
by shayaanby shayaanDeutsche Bank is reportedly warning that a capital war could be triggered by the White House’s “One Big Beautiful Bill.” Analysts from …
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Regulation
South African Judge Slams Central Bank for Using Apartheid-Era Laws to Regulate Crypto
by shayaanby shayaanA South African judge has slammed the South African central bank for using outdated exchange control laws from the apartheid era to …