Banking
BIS Calls for Global Collaboration With CBDC Designs
The Swiss-based Bank for International Settlements on Monday released a report produced in collaboration with the IMF and World Bank.
Banks’ Bitcoin Holdings Should Be Capped, Basel Committee Proposes
Holdings of unbacked crypto like bitcoin and algorithmic stablecoins would be limited to 1% of a lender’s capital under the standard setter's new plans put out for consultation Thursday.
Jewel Bank Approved as Bermuda's First Digital Asset Bank as Premier Burt Readies to Take Nation Into Stablecoins
The Bermuda Monetary Authority (BMA) issued full-bank and digital asset business licenses to Jewel, which plans to issue a USD stablecoin and other single fiat currencies.
Crypto Banking Rules Now Due This Year From Basel Committee
The group cited recent turmoil in pushing ahead with its plans, which previously saw opposition from major lenders like JPMorgan Chase.
Siam Commercial Bank Is Chasing DeFi Yield Through Compound
The bank’s venture arm, SCB 10X, is using Compound Treasury’s 4% yield service via the Fireblocks custody platform.
Elwood Technologies Touts Strong Focus on Crypto Derivatives
Now backed by tier one banks Goldman, Barclays and Commerzbank, Elwood CEO James Stickland predicts “a huge amount of derivatives action.”
Crypto Banking Platform BVNK Raises $40M to Drive Regulatory Push
BVNK currently processes $2 billion in annualized payments, which it aims to grow to serve cross-border businesses with fast payments and banking in crypto and fiat.
Argentina’s Largest Private Bank Launches Crypto Trading Feature
Banco Galicia now allows users to buy bitcoin, ether, USDC and XRP.
Introducing CoinDesk's Payments Week
Can crypto fulfill its original promise? From Bitcoin’s Lightning Network to stablecoins to gaming and rewards, innovations give hope for the payments use case.
