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Federal Reserve Eliminates Specific Program to Police Crypto and Fintech Initiative

Federal Reserve Eliminates Specific Program to Police Crypto and Fintech Initiative

Stated that the “novel activities”  oversight program is not needed
EU Finalizes Crypto Rule for Banks

EU Finalizes Crypto Rule for Banks

Banks are required to apply a risk weight of 1,250% to Bitcoin and Ether
Paxos Becomes Latest Crypto Firm to Pursue National Trust Bank Charter

Paxos Becomes Latest Crypto Firm to Pursue National Trust Bank Charter

Ripple and Circle also applied for the same license in July
The Majority of the US’s Largest Banks Have Embraced Crypto Services

The Majority of the US’s Largest Banks Have Embraced Crypto Services

A snapshot revealing that 13 of the largest banks now offer crypto products signals growing adoption
Banking Lobby Calls for Halting of Crypto Bank Licenses

Banking Lobby Calls for Halting of Crypto Bank Licenses

The US’s top banking and credit lobbyists have called for a pause on handing out banking licenses to crypto firms
Bank of England Scrapping Digital Pound Development

Bank of England Scrapping Digital Pound Development

The UK central bank is reportedly rethinking its plans for a digital currency as it struggles to compete with the private sector
Bank of America to Enter Stablecoin Market

Bank of America to Enter Stablecoin Market

The US’s second-largest bank is developing a stablecoin, its CEO has announced
Standard Chartered Launches Digital Asset Trading for Institutional Clients

Standard Chartered Launches Digital Asset Trading for Institutional Clients

The bank claims it is the first global bank to offer spot trading of Bitcoin and Ether
US Regulators Issue Guidance for Banks Custodying Crypto Assets

US Regulators Issue Guidance for Banks Custodying Crypto Assets

The OCC, Fed and FDIC released a joint statement on crypto safekeeping services
Crypto Holdings Could Be Considered in Mortgage Applications

Crypto Holdings Could Be Considered in Mortgage Applications

Fannie Mae and Freddie Mac instructed to develop a proposal to use crypto as a reserve asset in loan risk assessments
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