Banking
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.
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://cryptonewz.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.
