Bitcoin investment banks coming to El Salvador — Gov regulator

Bitcoin investment banks coming to El Salvador — Gov regulator

The new law will allow investment banks, which can underwrite companies, issue securities, and are institutionally focused, to hold BTC. Regulated Bitcoin (BTC) investment banks are coming to El Salvador, following Thursday’s approval of El Salvador’s Investment Banking Law, which classifies investment banks under different regulations than commercial banks. Investment banks will now be allowed…

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Bitcoin-backed loans ‘obvious’ next step — Xapo Bank CEO

Bitcoin-backed loans ‘obvious’ next step — Xapo Bank CEO

With Bitcoin hovering around $95,000 to $97,000, Xapo Bank CEO Seamus Rocca sees growing investor confidence to borrow using BTC as collateral. Bitcoin holders are becoming more comfortable borrowing against their crypto as market confidence grows, according to Seamus Rocca, CEO of the Gibraltar-based private bank, Xapo Bank.  In an interview at the Token2049 event…

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US Treasury wants to cut off Huione over ties to crypto crime

US Treasury wants to cut off Huione over ties to crypto crime

The US Treasury has proposed cutting the Huione Group’s access to the US banking system, accusing it of being involved in laundering crypto. The US Treasury Department wants to block the Cambodia-based Huione Group from accessing the US banking system, accusing it of helping North Korea’s state-backed Lazarus Group to launder its crypto. The Treasury’s…

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Crypto, DeFi may widen wealth gap, destabilize finance: BIS report

Crypto, DeFi may widen wealth gap, destabilize finance: BIS report

The Bank for International Settlements warns that crypto and stablecoins may destabilize finance and widen inequality, urging stronger regulation in response. The growing adoption of cryptocurrencies may pose risks to the traditional financial system and exacerbate wealth inequality, according to the Bank for International Settlements (BIS). In an April 15 report, the BIS warned that…

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Stablecoins are powering deobanks

Stablecoins are powering deobanks

Stablecoins power deobanks, a new generation of decentralized banks that offer accessible, efficient and transparent financial solutions, especially in high-risk areas. Opinion by: Maksym Sakharov, co-founder and group CEO of WeFi  The current markets are experiencing tailwinds as a result of the tariffs imposed by the US administration and retaliatory measures from trading partners. So…

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