The State Bank of Pakistan has clarified its stance on digital assets, saying that it has never declared ownership and trading of …
Bank
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Regulation
Man Drains $3,490,000 From US Government, Several Companies in Bank Fraud Scheme: DOJ
by shayaanby shayaanA Nevada man has been sentenced to prison for defrauding the government of millions of dollars by stealing US Treasury checks and …
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The National Commercial Bank Jamaica Limited (NCBJ) is forging ahead with plans to improve the state of digital payments for the Caribbean …
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Regulation
Central Bank of Brazil Open to Change Proposal Establishing Controversial Stablecoin Ban
by shayaanby shayaanEduardo Nogueira Liberato, an official from the Central Bank of Brazil, stated that this stablecoin proposal is not set in stone, and …
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Scams
Bank of Korea Exploring Using ‘Stablecoins Issued by the Private Sector’
by shayaanby shayaanIn brief The Bank of Korea is considering issuing deposit tokens on a public blockchain to coexist with private stablecoins. $19.5 billion …
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Analysis
JPMorgan, Bank of America, Citi and Wells Fargo Weighing Joint Stablecoin Launch: Wall Street Journal Report
by shayaanby shayaanTop US banks are considering teaming up on a stablecoin, according to a Wall Street Journal report. JPMorgan Chase, Bank of America, …
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Dominari Holdings Inc., a small investment bank based in Trump Tower, is stockpiling bitcoin as it pivots deeper into crypto, Bloomberg first …
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Regulation
House Committee Pressures JPMorgan Chase, Bank of America to Abandon Major Hong Kong Deal
by shayaanby shayaanChina hawks in Congress are pressuring executives at the financial giants JPMorgan Chase and Bank of America to back out of their …
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USDT Faces Restriction in Russia: New Central Bank rules likely exclude USDT from domestic use, citing concerns over sanctions and wallet freezes. …
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Regulation
Cincinnati’s Fifth Third Bank expands crypto push as US rules take shape
by shayaanby shayaanBen Hoffman, Chief Strategy Officer and Head of Consumer Products at Fifth Third Bank says the company is considering expanding its cryptocurrency …