Hong Kong regulator warns on crypto firms mislabeled as ‘banks’

The Hong Kong Monetary Authority has cautioned the public against crypto firms that describe themselves as banks or offer products termed as deposits. On Sept. 15, the Hong Kong Monetary Authority (HKMA) issued a public statement expressing concern over crypto…

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Bitpanda Partners With Coinbase to Help Europe’s Banks Offer Crypto to Customers

Coinbase will use Bitpanda Technology Solutions, a business-to-business infrastructure layer provider, to connect directly into banks and fintechs.

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Is Your Money Safe in Bitcoin During the Banking Crisis?

Bitcoin, with its independence from central banks and finite supply, can offer financial protection amidst banking crises, though its volatile nature and regulatory uncertainties demand careful consideration and understanding.

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Hong Kong Monetary Authority Advises Banks to Offer Support to Crypto Firms

Coinspeaker Hong Kong Monetary Authority Advises Banks to Offer Support to Crypto Firms The push to support crypto is gaining traction in Hong Kong as some banks are already pledging support to the industry.

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Bitpanda and Raiffeisen Unit have reached an agreement to provide banking customers with access to cryptocurrency.

European Union (EU) banks have been cautious in their approach to cryptocurrencies so far, but with new legislation on the horizon, the landscape may be changing. In a recent announcement, Bitpanda, a cryptocurrency exchange, and a Vienna-based unit of Raiffeisen Bank revealed they are collaborating to offer crypto to the bank’s customers.

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Bitpanda and Raiffeisen Unit Agree to Offer Crypto for Banking Customers

EU banks’ forays into crypto have been meek so far, but new laws are on the way

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Zero-knowledge proofs vs. CBDCs: the fight for privacy amid central banks’ bid for control

Privacy concerns surrounding central bank digital currencies (CBDCs) are growing, and zero-knowledge proofs (ZKPs) may offer a solution. As a potential game-changer, we explore combining CBDCs and ZKPs to balance accessibility, efficiency, and privacy.

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Singapore composing new guidelines for banks with crypto clients

Singaporean authorities are collaborating with banks that offer crypto services to set up new vetting standards, as BNN Bloomberg reported. The country’s central bank officials have been active on the project for six months, the BNN Bloomberg article stated.

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3 Strategies Crypto Firms Can Use to Land a New Banking Partner

After the recent collapse of three crypto-friendly banks, many firms are left hunting for new banking partnerships. Brett Philbin, Rachel Millard and Rosie Gillam of Edelman Smithfield offer advice.

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German Dwpbank Launches New Platform to Offer Bitcoin Trading to Over 1,200 Affiliated Banks

Coinspeaker German Dwpbank Launches New Platform to Offer Bitcoin Trading to Over 1,200 Affiliated Banks It is expected that Dwpbank’s move will put pressure on other German banks and financial institutions in the country.

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Hong Kong crypto firms seeing interest from Chinese banks: Report

Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland.

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Dwpbank launches wpNex platform for bitcoin trading via affiliated banks

Deutsche WertpapierService Bank AG has launched the wpNex platform enabling affiliated banks to offer bitcoin (BTC) trading to retail clients

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German Dwpbank to offer Bitcoin trading to 1,200 affiliate banks on new platform

Securities processor Deutsche WertpapierService Bank will provide its affiliates with seamless integration with their current offerings, with more digital assets to come.

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BTC, ETH backtrack losses- Is crypto rout from U.S. bank collapses truly over

U. S. regulators offer a bailout to customers affected by SVB and Signature bank collapses. Will there be alternatives to these crypto-friendly banks and their payment systems to provide liquidiThe post BTC, ETH backtrack losses- Is crypto rout from U.

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BIS Says 'Hub-and-Spoke' Cross-Border Transfers Offer Benefits to Retail CBDC

The model explored in Project Icebreaker would offer retail users the best foreign-exchange rates and faster transactions while allowing central banks to keep almost total control of their currencies.

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DBS Bank Intends To Provide Crypto Trading In Hong Kong

Singapore-based bank DBS plans to apply for a license to help offer crypto trading services in Hong Kong. In recent times, Hong Kong has been embracing the crypto industry, which is why significant banks such as DBS have been planning on penetrating the market to offer other kinds of crypto services. Hong Kong has been […]

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New York authority lays out conditions for banks to offer crypto-related services

The New York Department of Financial Services (DFS) has released a guideline mandating banking institutions to seek regulatory permission at least 90 days before offering crypto-related services. The post New York authority lays out conditions for banks to offer crypto-related services appeared first on CryptoSlate.

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New York Banks Must Seek Advance Permission for Crypto Activity, Regulator Says

New guidance from the state department of Financial Services sets a 90-day advance notice period for state banks wishing to offer crypto-related services.

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Central banks could leverage stablecoins as a shortcut, according to a New York Fed advisor

Central Banks could just opt to use stablecoins instead of developing their own central bank digital currencies (CBDCs), according to one Federal Reserve research advisor. New York Federal Reserve research advisor, Antoine Martin, said that stablecoins offer central banks a potential…

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Users Criticize DeFi For Refusing To Provide Access Based On Wallet Content

Decentralized Finance (DeFi) is one emerging sector in the crypto industry that has been in the limelight for a while. DeFi protocols offer users access to peer-to-peer digital exchanges, eliminating third-party involvement like banks.

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Traditional Banks Offer Better Yield Than Coinbase USDC Savings

Coinbase customers can earn 1.5% APY (Annual Percentage Yield) by holding USDC coins. But, traditional banks offer better yields than Coinbase without regulatory concerns. The post Traditional Banks Offer Better Yield Than Coinbase USDC Savings appeared first on BeInCrypto.

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Mastercard and Paxos help banks offer crypto, Jack Dorsey details new social platform and Tesla hodls BTC: Hodler’s Digest, Oct. 16-22

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Massive Adoption: Mastercard To Help Banks Offer Crypto Trading Services In Partnership With Paxos

Payment giant Mastercard is joining hands with New York-headquartered blockchain tech firm Paxos to launch a program that will make it easier for traditional financial institutions to offer cryptocurrency trading by providing regulatory compliance and security.

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Mastercard to Offer Crypto Trading to Banks With Paxos

Payments giant Mastercard is offering to help traditional financial institutions get into crypto by providing the necessary fiat rails. The post Mastercard to Offer Crypto Trading to Banks With Paxos appeared first on BeInCrypto.

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Mastercard Will Launch Program For Financial Institutions To Offer Crypto Products

Payment giant Mastercard is taking another step to further its involvement in the crypto space, with the objective of growing its core business model. The company will launch a program that will help banks and financial institutions to offer crypto-based products, according to a report from CNBC.

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Mastercard to address pent-up demand by offering banks an easy way into crypto

According to CNBC, payment processing giant Mastercard is rolling out a program helping financial institutions offer crypto trading. The post Mastercard to address pent-up demand by offering banks an easy way into crypto appeared first on CryptoSlate.

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Mastercard To Help Banks Offer Bitcoin And Crypto Trading

Mastercard is set to announce plans to help banks offer bitcoin and cryptocurrency trading, handling any regulatory compliance and security.

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Mastercard Joins With Paxos to Help Banks Offer Crypto Trading

The payments giant had earlier started a services to assess the risk profile of crypto exchanges.

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Mastercard unveils new crypto fraud protection tool

Mastercard (NYSE: MA) is launching a new software tool that will offer protection against crypto fraud, according to the latest crypto news about the global payments provider. The new tool is dubbed Crypto Secure, and debuts today, 4 October, to bring to banks and other users a secure system by which they can identify and […] The post Mastercard unveils new crypto fraud protection tool appeared first on Invezz.

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Bakkt and Sullivan Bank Join Forces to Provide Crypto Trading to Clients

One of oldest banks and one of first institutional crypto exchanges have teamed up to offer crypto services to clients

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NYDIG Partners With Jack Henry & Associates To Offer Bitcoin Services To Banks

Jack Henry & Associates has partnered with NYDIG to offer bitcoin services to legacy financial institutions in software as a service model.

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How To Buy Bitcoin & Crypto With Prepaid Cards

Are you wondering if you can purchase bitcoins with your prepaid cards? If yes, then this post is for you. Various sites are now accepting credit cards for you to acquire cryptocurrency. Even though there is a difference between debit cards and prepaid cards, many banks offer overdraft facilities to use debit cards as credit […] The post How To Buy Bitcoin & Crypto With Prepaid Cards appeared first on CaptainAltcoin.

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Want to See the Future of Banks? Look at Telcos

DeFi may allow banks to offer a wide range of services fast and efficiently, but in the end, these organizations will focus on their traditional, core strengths.

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The Bank Of England Has Laid Out A Regulatory Framework For Cryptocurrencies – Here Are The Suggestions

England’s apex bank has led the charge in providing regulation for the growing asset cryptocurrency ecosystem. The framework ushers in an era of “equivalence” with cryptocurrency firms that offer financial services being subject to the same rules as banks.

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Virginia Senate Passes Bill Allowing State Banks To Offer Bitcoin Custody Services

A bill passed in the Virginian Senate allows banks to offer custodial services for bitcoin in either a fiduciary or non-fiduciary capacity once signed into law.

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US Virginia Senate allows state banks to offer crypto custody services

Delegate Christopher T. Head introduced the bill (House Bill No. 263) back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody services.

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300 Banks to Offer Bitcoin to Clients in First Half of 2022

Small U.S. banks are preparing to dive into Bitcoin

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Reuters report predicts banks will need to answer crypto demand, but here's the catch

As crypto goes increasingly mainstream, more Wall Street companies and banking giants are feeling the pressure to offer crypto exposure to their clients. However, they need a way to do so safely, withThe post Reuters report predicts banks will need to answer crypto demand, but here's the catch appeared first on AMBCrypto.

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Credit Unions Seeking Approval to Hold Crypto Directly to Compete with Banks

Credit unions risk losing members to banks and seeing their industry “start to shrivel” if they can’t offer products that people want. The post Credit Unions Seeking Approval to Hold Crypto Directly to Compete with Banks first appeared on BitcoinExchangeGuide.

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Bank of England to Coordinate with International Regulators for Stricter Crypto Rules

The Bank of England to step up its talks with the international counterparts on a regulatory regime for cryptocurrency next year. In an interview with The Times, Sarah Breeden, executive director for financial strategy and risk at the central bank, said that as banks begin to offer crypto-assets trading and custody services to clients, global […] The post Bank of England to Coordinate with International Regulators for Stricter Crypto Rules first appeared on BitcoinExchangeGuide.

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German Sparkasse Savings Banks Could Offer Crypto Next Year

Savings banks (Sparkasse) in Germany are developing a crypto project that could enable their customers to trade digital currencies. The post German Sparkasse Savings Banks Could Offer Crypto Next Year appeared first on BeInCrypto.

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Commonwealth Bank of Australia set to offer crypto services

It will be the first of the ‘big four’ banks in Australia to allow…

The post Commonwealth Bank of Australia set to offer crypto services appeared first on Coin Journal.

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Mastercard partners with Bakkt to enable banks to offer crypto services

MasterCard is making bold moves to promote cryptocurrency adoption amidst major growths across the crypto economy. Reports have now stated that the firm will soon allow banks and merchants on its network to add Bitcoin (BTC/USD) into their products.

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Mastercard To Integrate Crypto Payments For Customers Through New Blockbuster Alliance With Bakkt

Mastercard has revealed that the thousands of United States-based banks, fintech firms, and merchants working within its payments network will now be able to offer crypto-related services for its clients after signing a new deal with crypto asset company Bakkt.

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Mastercard partners with Bakkt, to offer customers 'ability to buy, sell, hold crypto'

Mastercard announced its entry into the cryptocurrency industry, and it might never be the same again. Thousands of partner banks and millions of merchants on its payment network, might soon be able tThe post Mastercard partners with Bakkt, to offer customers 'ability to buy, sell, hold crypto' appeared first on AMBCrypto.

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Mastercard & Bakkt Set to Offer Crypto Integration for Banks

Mastercard will partner with recently-listed Bakkt’s custodial services to offer banks and merchants crypto wallets, credit cards, and loyalty rewards programs. The post Mastercard & Bakkt Set to Offer Crypto Integration for Banks appeared first on BeInCrypto.

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NYDIG Unveils First Two US Banks To Offer Bitcoin Services Through Its Partnership With Q2

Two US banks, New York-based Five Star Bank and California-based UNIFY Financial Credit Union have become the first financial institutions to offer bitcoin trading via Q2’s and NYDIG’s bitcoin trading platform.

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UNIFY Financial Credit Union and Five Star Bank Allows Customers to Now Buy, Sell, and Hold Bitcoin

Five Star Bank and UNIFY Financial Credit Union will be the first banks to offer their customers the ability to buy, sell, and hold Bitcoin, said Digital banking company Q2 Holdings. This has been made possible by Q2’s partnership with institutional bitcoin broker NYDIG.

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Spanish Banks Seek Instruction On AML Registration Mandate

Banks in Spain are awaiting regulatory clarity on how they have to register to offer services relating to cryptocurrencies. This registration would act as part of overall anti-money laundering protections.

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