South Korea’s Jeonbuk Bank, a subsidiary of JB Financial Group, reportedly started issuing Bitcoin-backed loans to its corporate customers. Local outlet EDaily …
Bank
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Regulation
Argentina’s Central Bank Rejects Near-Term Crypto Banking Integration
by shayaanby shayaanThe statement contradicts alleged leaks hinting at a possible deregulation of digital assets, with bank sources claiming a draft to allow banks …
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Bank Al-Maghrib has released two significant documents concerning the development of a central bank digital currency (CBDC) for Morocco. The documents, shared …
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Regulation
Bhutan’s DK Bank Secures ADGM In-Principle Approval for Abu Dhabi Expansion
by shayaanby shayaanThe approval is not yet a final authorization. DK must satisfy the conditions set out in the IPA before receiving a Financial …
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Stablecoin payments company Rain has filed an application with the Office of the Comptroller of the Currency to establish a national trust …
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Markets
Rain is seeking a national trust bank charter to bypass third-party banks
by shayaanby shayaanThe stablecoin payments company’s proposed New York trust bank would custody digital assets and dollars, manage stablecoin reserves and issue and redeem …
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“We believe stablecoins are foundational economic infrastructure for the future,” Modern Treasury co-founder and CEO Matt Marcus said, adding that the company …
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Regulation
Circle and Tether find common ground against MiCA’s bank reserve rules
by shayaanby shayaanUnder its proposal, the European Commission would first determine whether a foreign jurisdiction’s regulatory regime is equivalent to EU standards. The European …
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Anchorage Digital, a federally chartered US digital asset bank valued at $4.2 billion earlier this year, has reportedly cut 17% of its …
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Key Takeaways Bitcoin difficulty dipped just 0.03% to 132.72 trillion at block 969696. September delivered bitcoin miners $1.12 billion, the best month …