25 letters from the United States Federal Deposit Insurance Corporation (FDIC) came to light to confirm that the regulatory agency, starting in 2022, ordered banks to stop their activities with bitcoin (BTC) and other cryptocurrencies. The documents confirm long-held suspicions within the digital assets industry that federal regulators had coordinated to block banks’ free access … Read more
The projection is based in part on the potential advancement of bitcoin as a national reserve asset. The friendlier environment for the industry under the Trump administration is driving optimism. The American bank HC Wainwright & Co., which was founded in 1868, making it one of the oldest in existence, expects a bullish year for … Read more
The American bank would compete with Coinbase. E-Trade was acquired in 2020 when it added 5 million new clients. Morgan Stanley subsidiary E-Trade is considering expanding its product offering to include trading services for bitcoin (BTC) and other digital assets. This amid growing interest from the financial sector in cryptocurrency trading around the world. Online … Read more
The Swiss Federal Chancellery reported on December 31, 2024 that it has formally accepted a popular initiative seeking the inclusion of bitcoin (BTC) in the reserves of the Swiss National Bank (SNB). This proposal, promoted by a group of digital currency advocates, aims to strengthen the independence and financial stability of the Central European country. … Read more
Regulatory changes are required in the US for banks to participate. “I don’t know if it will happen soon, but it will happen,” says the director of SG-Forge. Traditional banks are considering entering the stablecoin business, inspired by the example of Tether Limited and its USDT stablecoin. According to representatives of traditional financial institutions such … Read more
The financial entity will be able to finance projects through the tokenization of assets. The president of the CNAD, Juan Carlos Reyes, values the incorporation of the bank to the registry. The National Digital Assets Commission (CNAD) of El Salvador included Banco Atlántida, a financial entity with more than $3.6 billion in assets, in its … Read more
Amid the profits that El Salvador is obtaining from its investments in bitcoin (BTC), due to the dizzying rise of the digital currency, President Nayib Bukele launches a new offer to buy back foreign debt. The president announced the offer through his account in X, pointing out that the holders of El Salvador bonds, with … Read more
The specialist warns that regulation of the industry in Panama is slow, which he sees as positive. Towerbank is a bank with more than 50 years of experience that offers a cryptocurrency wallet. An executive from Towerbank, a Panamanian bank with more than half a century of existence, released details of its initiatives in the … Read more
Dozens of examples of US regulators preventing banks from offering bitcoin services have been exposed by the Coinbase exchange. According to publications on stay away from cryptocurrency related services. As Grewal points out in his tweetthe agency “finally began giving us information related to our FOIA request about the pause letters it sent to financial … Read more
UBS, the global private banking giant, announced on November 1 the launch of its tokenized investment fund. The fund is called “UBS USD Money Market Investment Fund Token” or “uMINT”. In a press releaseUBS explained that it is an investment instrument in money markets and that is based on the Ethereum network ecosystem. The institution … Read more