financial institutions

American actor Ben McKenzie and co-author of "Easy Money: Cryptocurrency, Casino Capitalism and the Golden Age of Fraud" believes cryptocurrencies should be recognized as securities. Ben Mckenzie, known for his prominent role in the movie "Lonely Hearts," said the lack of regulation of cryptocurr ...

The Financial Times reports that major traditional financial institutions, including Standard Chartered, Nomura and Charles Schwab, are developing their own cryptocurrency trading platforms. It certainly makes sense for Wall Street giants to launch their own cryptocurrency ...

Co-founder of the cryptocurrency company Easy Crypto criticized major New Zealand banks for "intimidating customers" who make cryptotransactions. Janine Grainger announced that in the last week alone, three different banks refused Easy Crypto an account to launch the new ...

Japan's parliament has decided to introduce stricter measures against money laundering through cryptocurrencies. The new AML procedures will go into effect as early as June 1. According to local publication Kyodo News, the new AML procedures will allow the Japanese legisl ...

The country will adopt tougher laws against money laundering in cryptocurrencies The rules will take effect on June 1 Japanese lawmakers have decided to tighten anti-money laundering (AML) measures to track cryptocurrency transactions. Parliament on Tuesday, M ...

American regulated cryptocurrency platform for institutional investors Bakkt is interested in entering the European market after the passage of the MiCA cryptocurrency regulation law. Bakkt product director Dan O'Pray said that Bakkt is looking positively at the development ...

The central bank of Brazil has invited financial institutions and other stakeholders to participate in the testing of the digital Brazilian real. Submissions for inclusion in the central bank's digital currency testing are open from May 2 to 12. The pilot program was o ...

The former CEO of the cryptocurrency derivatives exchange BitMEX Arthur Hayes suggested that the bitcoin rate could soar to $1 million due to the bankruptcy of financial institutions. In a series of tweets, Arthur Hayes shared his opinion on the current situation with ban ...

IMF Managing Director Kristalina Georgieva acknowledged the role of CBDC But plans to start with wholesale types This CBDC is only for dealing with financial institutions IMF Managing Director Kristalina Georgieva spoke at the Milken Institute Global ...

The previous CEO of BitMEX, a cryptocurrency derivatives exchange, believes that investing in cryptocurrencies is a wise move in a "flawed banking system" as it provides protection against the risk of losing funds. Arthur Hayes elaborated on why he believes that cryptocurrencies are an excellent ...

Swiss state-owned bank PostFinance has revealed its plan to offer a "full range of crypto-currency services" to its 2.5 million customers. Initially, the bank will allow customers to buy, hold and sell major cryptocurrencies such as bitcoin (BTC) and ether (ETH). Philipp Merkt, Chief Investmen ...

The Canadian federal government is taking measures to increase oversight on pension insurance through legislative changes. The draft 2023 budget has been modified to require federally regulated pension funds to report their cryptocurrency investments to the Office of the Governor of Financial Ins ...

Kraken Cryptocurrency Exchange Faces ACH Channel Challenges with Silvergate Bank Kraken, a major cryptocurrency exchange, has recently faced difficulties with its Automated Clearing House (ACH) deposit and withdrawal channel due to issues with its banking partner, Silvergate Bank. As a result, Kr ...

Digital Currency Group (DCG) has revealed that major banks have expressed interest in collaborating with cryptocurrency companies, although there may be certain limitations imposed. Following the bankruptcy of American banks Silicon Valley Bank, Signature Bank, and Silvergate, DCG initiated discu ...

Following the rejection of its application to open a master account with the US Federal Reserve, Custodia Bank has taken legal action against the regulator, claiming that it has been discriminated against and unfairly denied access to full membership of the US Federal Reserve System. Custodia Ban ...