OCC Gives Augustus Conditional Approval to Build AI-Native Clearing Bank in t…
In recent developments, the Office of the Comptroller of the Currency (OCC) has granted Augustus conditional approval to establish Augustus Bank, N.A., a clearing bank built from the ground up…
CLARITY Act Markup Raises Stakes in Stablecoin Banking Clash
In recent developments, a U.S. senator criticized bank opposition to stablecoin legislation before a committee session, saying the American Bankers Association sought “immediate engagement” from bank CEOs. He framed the…
JPMorgan, Mastercard and Ripple complete cross-border XRP tokenized Treasury …
In recent developments, ondo Finance said Ripple has redeemed OUSG on XRP Ledger and received a USD payout in Singapore through Mastercard and Kinexys by J.P. Morgan. The May 6…
Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank
In recent developments, campaign founder Yves Bennaim isn’t giving up. Even after his group failed to gather enough signatures to force a Swiss national referendum on Bitcoin reserves, Bennaim said…
Switzerland’s Amina becomes first regulated bank to custody Canton Coin
In recent developments, the FINMA-regulated bank’s institutional clients will get access to trading and holding Canton Coin through a banking platform instead of crypto-native venues. Looking closer, market participants highlight…
Stablecoin industry opposes Bank of England’s unhosted wallet ban
In recent developments, the crypto industry in the UK has come out against the Bank of England’s proposed policy that would ban custodial wallets for stablecoins. Looking closer, market participants…
Credit Bank PLC Partners With Anzens to Pilot USDA Stablecoin in Kenya
In recent developments, kenya’s Credit Bank has partnered with Anzens to pilot the USDA stablecoin, potentially becoming the first licensed commercial bank in an emerging market to directly mint and…
South Korea BOK Governor Prioritizes Digital Won CBDC in First Policy Speech
In recent developments, south Korea’s new Bank of Korea Governor Shin Hyun-song used his April 21 inaugural address to plant a firm stake in the ground: the country’s digital money…
Bank of Korea governor backs CBDCs, deposit tokens in first address
In recent developments, new Bank of Korea governor Shin Hyun-song supported CBDCs and deposit tokens in his first address, while stablecoins were notably absent from his remarks. Looking closer, market…
Largest Bank of Russia Prepared to Offer Cryptocurrency Trading Services
In recent developments, sberbank is awaiting approval to offer cryptocurrency custody and trading services to its over 110 million customers. The Central Bank of Russia proposed a regulatory draft to…
XRP Struggles Near $1.10 Despite Ripple’s EU Regulatory Milestone
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Zuckerberg Orders Meta Into Prediction Markets With New App Codenamed ‘Aren…
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Zcash Mining Exposure Comes to Wall Street as Fortitude Targets Nasdaq Listing
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Ethereum Foundation sacks 20% of workforce amid strategic restructuring
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