banks
BIS warns cryptocurrency exchanges are becoming ‘shadow banks,’ and why that's a risk
The Bank for International Settlements (BIS) released a report warning stablecoin yields and other DeFi “earn” products are bank-like services without the safeguards or insurance.
Banks seek to slow down implementation of crypto's GENIUS Act on stablecoin oversight
U.S. banking groups argued that a number of federal agencies are moving quickly on stablecoin regulations, making it hard to understand how rules will interact.
Revolut targets a $200 billion IPO just months after its $75 billion share sale
The crypto-friendly fintech is planning its initial public offering (IPO) no sooner than 2028, according to an FT report.
A dozen banks want a euro stablecoin. Fireblocks is making it happen
The Qivalis consortium is made up of: Banca Sella, BBVA, BNP Paribas, CaixaBank, Danske Bank, DekaBank, DZ BANK, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit.
The case for $50M bitcoin and Patrick Witt 'cautiously optimistic' on Clarity Act
On this episode of CoinDesk's Public Keys at the New York Stock Exchange, Jennifer Sanasie is joined by White House Executive Director of the President's Council of Advisors on Digital Assets Patrick Witt for the latest on the Clarity Act and why stablecoin yield poses limited risk to banks. EMJX CEO Eric Jackson explains his Gen 2 digital asset treasury strategy and makes the case for $50 million Bitcoin by 2041. Plus, Morgan Stanley Managing Director and Head of Digital Asset Strategy Amy Oldenburg discusses the firm's spot Bitcoin ETF launch and its expanding crypto product suite.
Bankers rebuff White House claim that stablecoin yield doesn't threaten deposits
A new study from the American Bankers Association says the White House economists went after the wrong premise in their recent look at the issue.
ClearBank secures MiCA approval, targets Circle euro, dollar stablecoins for institutional clients
The U.K.- and EU-regulated credit institution gains crypto-asset service provider status and said it will connect clients to regulated stablecoin rails over Circle Mint
Trump-Linked World Liberty Financial raises insider access questions
On-chain data analyzed by CoinDesk shows World Liberty Financial used its own stablecoin and governance tokens to borrow tens of millions through a DeFi protocol whose co-founder is an advisor of the venture. The transactions have left retail depositors exposed to concentrated liquidation risk. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Banks are treading carefully on stablecoins despite market growth, S&P Global says
Most U.S. lenders remain in a wait-and-see mode as deposit risks, regulatory shifts and new competition complicate strategy, according to the report.
Why big banks are snubbing open ledgers to build their own private blockchains
DRW founder Don Wilson says public blockchains conflict with how institutions trade and manage risk, limiting adoption.
