Documents released on Dec. 6 show the Federal Deposit Insurance Corporation (FDIC) asked banks to pause crypto-related activities.
Banks news
Frax Finance was allegedly among the crypto companies targeted by the debanking effort, according to the platform’s founder.
Singapore Gulf Bank looks to sell equity stakes to fund product expansion and a 2025 stablecoin payments acquisition.
Retail users in Hong Kong can now buy Ether and Bitcoin through Hong Kong’s largest virtual bank, however, they need an account and to undergo a risk assessment first.
The Drex phase two pilot leverages Chainlink’s CCIP and Microsoft’s cloud infrastructure to innovate trade finance automation.
Quantoz Payments has partnered with Kraken, Tether and Fabric Ventures to launch MiCA-compliant EURQ and USDQ stablecoins in the EU, aiming for secure, efficient digital payments.
A recent survey shows institutional investors’ growing confidence in crypto, with many planning increased long-term allocations.
Fireblocks extends its services with the tokenization of tax refunds through NongHyup Bank.
As Bitcoin prices soared following the election, big banks are reportedly accruing $1.4 billion from futures contracts.
Norges Bank backs the EU’s MiCA regulation while considering a CBDC to enhance cross-border payments and support financial stability in Norway.