The American Bankers Association, the Bank Policy Institute, and allied trade groups are sounding the alarm over a provision buried in the …
Banking
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Markets
Emerging-market users are treating crypto exchanges like banking apps, Binance says
by shayaanby shayaanOne point three billion adults lack financial services, 4.7 billion lack credit, and 1.4 billion savers in low-income nations earn no deposit …
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More cryptocurrency firms are moving closer to the heart of the U.S. banking system, with a growing number of applications for federal …
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Markets
Senate Banking Committee plans to hold key market structure hearing on Thursday
by shayaanby shayaanThe Senate Banking Committee announced it would hold its markup hearing for the Clarity Act on March 14. www.coindesk.com
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Smart Contracts
Banking Industry Says Clarity Act Stablecoin Proposal Would Enable ‘Evasion’
by shayaanby shayaanIn short Top banking groups say the new Clarity Act language leaves loopholes regarding stablecoin yields. The compromise would ban direct returns …
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Markets
Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup
by shayaanby shayaanThe agreement necessitates firms restructure reward programs from a “buy and hold” to a “buy and use” model; however, CCI raised concerns …
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Finance
Bain & Company backs $320B stablecoin sector to rewire wholesale banking
by shayaanby shayaanA new report from the global consulting firm Bain & Company, one-third of the big three consulting firms with McKinsey & Company …
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The American Bankers Association (ABA) has asked US government agencies responsible for regulations related to a stablecoin bill for more time to …
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Revolut is pushing its public market debut further out after securing a full UK banking license and restarting its push into the …
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Adoption
Piraeus launches AI Hub with Accenture and Anthropic to modernize banking operations
by shayaanby shayaanPiraeus Bank has launched a dedicated AI hub with Accenture and Anthropic, as it shifts from isolated AI use cases to a …