Regulatory clarity key for banks entering crypto, industry exec says
Lead Bank executive Erica Khalili talks about why now’s not an easy time in the digital banking sector. This post was originally published on this site
Regulatory clarity key for banks entering crypto, industry exec says
Lead Bank executive Erica Khalili talks about why now’s not an easy time in the digital banking sector. This post was originally published on this site
US ‘far behind’ on crypto, election no quick fix: Ripple APAC boss
The United States is lagging behind crypto-friendly regions like Singapore and the UAE, but there’s still a chance it can catch up, says Ripple APAC MD Fiona Murray.This post was originally published on this site
Fed hits Texas bank with cease and desist over servicing crypto firms
The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures. This post was originally published on this site
Fed hits Texas bank with cease and desist over servicing crypto firms
The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures. This post was originally published on this site
Federal Reserve Cracks Down on Customers Bank’s Crypto Strategy
The U.S. Federal Reserve has taken decisive action against Customers Bank, highlighting significant compliance deficiencies in its digital asset strategy and instant payments network. The enforcement action mandates the bank to bolster its Anti-Money Laundering (AML) protocols and limit risks associated with its digital asset clients. This move underscores the increasing regulatory scrutiny on financial […]
Customers Bank to strengthen AML compliance after Fed scrutiny
The crypto-friendly bank’s activities during the 2023 banking crisis will also be examined.This post was originally published on this site
UAE’s Zand Bank to Offer Crypto Services
Zand Bank, the UAE’s first digital bank, has entered into a strategic partnership with Taurus SA, a global leader in digital asset technology for banks. This partnership will cover all aspects of Zand’s digital asset infrastructure, including custody, tokenization, and blockchain connectivity. Zand will leverage Taurus’ integrated custody and tokenization solutions to expand its digital […]
‘Home’ regulator could solve crypto’s ‘fragmented supervision’ issue: Comptroller
During a speech at a banking conference in DC, acting comptroller Michael Hsu cited FTX an example of why a “consolidated home country supervisor” is needed.This post was originally published on this site