Crypto firm LevelField secures Illinois approval to buy Chicago bank
In recent developments, levelField could become the first crypto-friendly FDIC-insured bank to offer crypto services after receiving approval from the Illinois financial regulator to acquire Burling Bank. Looking closer, market…
Draft Law Accuses Central Bank of Brazil of ‘Overreaching’ With Stablecoi…
In recent developments, a draft introduced in the Brazilian Congress seeks to void the recently issued stablecoin rules, arguing they represent regulatory overreach by the central bank. The proposal also…
UK central bank still ‘disproportionately cautious’ about stablecoins
In recent developments, some crypto industry observers believe that the Bank of England’s new proposed regulations for stablecoins are unnecessarily restrictive. Looking closer, market participants highlight key drivers such as…
Czech National Bank tests Bitcoin, crypto reserve with historic $1M buy
In recent developments, the Czech National Bank invested $1 million to test a crypto reserve that includes Bitcoin, a stablecoin and tokenized bank deposits. Looking closer, market participants highlight key…
Bank of England’s Breeden warns watered-down stablecoin rules risk stability
In recent developments, bank of England deputy governor Sarah Breeden has backed the central bank’s proposed rules for stablecoins, some of which the local crypto industry had criticized. Looking closer,…
Nationally chartered bank SoFi rolls out crypto trading for US customers
In recent developments, soFi CEO Anthony Noto says the bank also plans to introduce a stablecoin called SoFi USD and views blockchain and crypto as a “super cycle technology.” Looking…
JPMorgan, DBS eye deposit tokens as cross-bank alternative to stablecoins
In recent developments, as of 2024, at least one-third of commercial banks were exploring or piloting tokenized deposits, according to a survey by the Bank for International Settlements. Looking closer,…
Nationally chartered bank SoFi rolls out crypto trading for US customers
In recent developments, soFi CEO Anthony Noto says the bank also plans to introduce a stablecoin called SoFi USD and views blockchain and crypto as a “super cycle technology.” Looking…
Bank of England’s Breeden warns watered-down stablecoin rules risk stability
In recent developments, bank of England deputy governor Sarah Breeden has backed the central bank’s proposed rules for stablecoins, some of which the local crypto industry had criticized. Looking closer,…
JPMorgan, DBS eye deposit tokens as cross-bank alternative to stablecoins
In recent developments, as of 2024, at least one-third of commercial banks were exploring or piloting tokenized deposits, according to a survey by the Bank for International Settlements. Looking closer,…
XRP Struggles Near $1.10 Despite Ripple’s EU Regulatory Milestone
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