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“# Texas regulator allows state-chartered banks to hold Bitcoin ” A Texas state regulator has officially affirmed that Texas state-chartered banks are allowed to store cryptocurrencies like Bitcoin (BTC) for their customers. The Texas Department of Banking, a state regulatory agency chartering state banks and supervising financial services, issued a notice on Thursday stating that local…
“# Multi-trillion asset manager State Street launches digital currency division ” Multi-trillion dollar asset manager, State Street Corporation, has become the latest financial institution to announce the launch of a dedicated digital finance division. State Street, the second-oldest continually operating bank in the United States, announced the move on Thursday, June 10, highlighting the division’s…
“# Bitcoin part of highest risk category in Basel’s new bank capital plan ” The Basel Committee on Banking Supervision (BCBS), a global committee of banking supervisors and central banks, has proposed new requirements for banks that want to hold cryptocurrencies like Bitcoin (BTC). In a consultation paper published Thursday, the committee provided preliminary proposals…
“# Stablecoins not that radical, says Bank of England official ” There has been much commotion about stablecoins amongst central bankers, regulators and lawmakers in recent years, most notably in the furor surrounding Facebook’s repeated attempts to launch variously designed stablecoins that would be native to its multiple social media platforms. Not everyone in the…
“# Berkshire Hathaway invests $500M in Brazilian digital bank ” Brazilian digital bank Nubank has raised $500 million from Berkshire Hathaway, a multinational holding company run by billionaire Warren Buffett. In an announcement from Nubank on Tuesday, the digital bank said the $500 million investment would be used to continue its international expansion — the…
“# Global banking regulator plans to hold consultation on crypto exposure ” The Basel Committee on Banking Supervision has said it will be publishing a consultation paper aimed at banks reducing their risk of exposure to crypto. According to the Switzerland-based Bank of International Settlements, or BIS, the Basel Committee will publish the paper on…
“# CEOs of top Russian banks Sberbank and VTB blast Bitcoin ” Sberbank and VTB, the two biggest banks in Russia, are not willing to move into the cryptocurrency market in the near future as their CEOs believe that crypto is either too risky or fake money. Sberbank CEO Herman Gref said that cryptocurrencies like…
“# Russian central bank policies stop Tinkoff from offering crypto trading, CEO says ” Tinkoff, a major private bank in Russia, is struggling to offer cryptocurrency trading to its clients due to the central bank’s tough stance on digital assets. Tinkoff CEO Oliver Hughes said that the digital bank is willing to offer crypto trading…
“# UK Starling bank to resume crypto exchange deposits in late June ” Starling, a United Kingdom-based online bank, is preparing to resume payments to cryptocurrency exchanges after suspending crypto exchange deposits last week. A spokesperson for Starling told Cointelegraph on Tuesday that the bank is set to restart payments to crypto exchanges on June…
“# Bank account flows for South Korean crypto exchanges surge 40% since 2020 ” As cryptocurrency markets grew in the first quarter of 2021, South Korean banks saw record volumes of deposits and withdrawals to local crypto exchanges. South Korean commercial banks processed 64.2 trillion won ($57.9 billion) of transactions on real-name bank accounts linked…