Banking
Why Banks and Payment Processors Shun Perfectly Legal Businesses
Porn, gambling and even furniture sales are deemed “high-risk” merchant categories. Sometimes the risk is financial; other times it’s just bad publicity.
![“We would usually advise our clients to steer clear of a lot of these things," says one consultant. "Whether it's financial, reputational or regulatory [risk], who needs this headache?” (Illustration: Yunha Lee/CoinDesk)](https://irishnews.pages.dev/crypto-news-coindesk.com/_next/image?url=https%3a%2f%2fcdn.sanity.io%2fimages%2fs3y3vcno%2fproduction%2fa8270552bb0a30adf2955799891e1d82615c0c54-1440x1080.jpg%3fauto%3dformat&w=1080&q=75)
Morgan Stanley Says Wholesale Banks Can Thrive in a More Regulated Crypto Market
The revenue opportunity could reach as much as $16 billion in the next three to five years, the bank’s analysts said.
¿Quieres saber cómo será el futuro de los bancos? Observa las telecomunicaciones
La tecnología DeFi permite a los bancos ofrecer un mayor rango de servicios de manera rápida y eficiente, pero al final las instituciones financieras se enfocarán en sus fortalezas centrales y tradicionales.
Want to See the Future of Banks? Look at Telcos
DeFi may allow banks to offer a wide range of services fast and efficiently, but in the end, these organizations will focus on their traditional, core strengths.
Eldridge, A16z Lead $620M Financing Round for Fintech Cross River Bank
Coinbase, Stripe, Affirm and Rock Loans are among Cross River’s more than 80 customers.
Israel's Bank Leumi to Offer Crypto Trading
The bank is working with New York-based custody and trading platform Paxos to bring the service to customers.
Aave General Counsel Rebecca Rettig Joins Silvergate’s Board
The lawyer says “there will be lots of opportunities” for Silvergate to serve as a partner to those building in DeFi.
USDF Stablecoin Consortium Adds 3 More Banks
Amerant Bank, ConnectOne Bank and Primis Bank will join the U.S.-based group pushing for blockchain-based payment rails.
Bitcoiners Were Right: Weaponized Finance Just Created a Post-Dollar Planet
A wave of sanctions hitting Russia highlights the complex web of connections that make up contemporary global society – and its ultimate fragility.
EU Excludes 7 Russian Banks From SWIFT
The bloc is also studying whether crypto is being used to evade sanctions.
