banks
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Pakistan banks agree on blockchain-based KYC system development
The Pakistan Banks’ Association (PBA) — a group of 31 traditional banks operating in Pakistan — signed off on developing…
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Regulation
UK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report
United Kingdom banks HSBC Holdings and Nationwide Building Society are banning cryptocurrency purchases via credit cards for retail customers. They…
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Analysis
Crypto-Friendly Bank’s Stock Crashes Over 45% As Coinbase Cuts Off Silvergate Payments
A crypto-friendly bank’s stock price is free-falling as the top US-based crypto exchange platform by volume cuts off its payments.…
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Regulation
Crypto distribution is uneven among banks as prudential exposure rises: BIS report
Around 20% of banks have exposure to crypto assets, a Bank for International Settlements (BIS) report released Feb. 28 found.…
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Regulation
US Federal Reserve denies Custodia Bank’s request for Fed supervision
The United States Federal Reserve has denied a request from cryptocurrency bank Custodia Bank to reconsider its membership application to…
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Regulation
Huobi and KuCoin serve customers of sanctioned Russian banks: Politco
Ad Crypto exchanges Huobi and KuCoin continue to provide services to users of sanctioned Russian banks, according to a report…
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BIS head describes ideal ‘unified ledger’ for central banks and other financial users
General manager of the Bank for International Settlements Agustín Carstens spoke at the Singapore FinTech Festival on Feb. 22 and…
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Regulation
US watchdogs issue joint warning to banks over liquidity risks stemming from crypto, stablecoin reserves
Ad U.S. regulators issued a joint statement to banks on Feb. 23 warning of liquidity risks stemming from cryptocurrency-related clients…
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Regulation
Proposed EU parliament rule could have banks apply 1,250% risk weight to crypto exposure
The European Parliament has released a report on a draft bill proposing that banks holding cryptocurrencies set aside a large…
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Regulation
Banks under pressure from U.S. authorities to cut ties with crypto firms
United States authorities appear to be resurrecting past techniques to crack down on crypto firms and banks offering services to…
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