banks

banks

Finance

Fnality Raises $136M to Expand Blockchain Payment Systems for Banks

Funding round backed by Bank of America, Citi, WisdomTree and others highlights institutional push into tokenized finance.

Major banks' logos light up the night atop skyscrapers. (Miquel Parera/Unsplash)

Finance

Santander’s Openbank Starts Offering Crypto Trading in Germany, Spain Coming Soon

The service allows customers to buy, sell and hold five popular cryptocurrencies: BTC, ETH, LTC, MATIC and ADA.

Santander in Rio de Janeiro, Brazil (Junius/ Wikimedia Commons)

Policy

Coinbase Policy Chief Pushes Back on Bank Warnings That Stablecoins Threaten Deposits

Coinbase’s policy head said concerns of stablecoin deposit flight are myths, claiming banks are really defending profits from an outdated payments system.

Coinbase CPO Faryar Shirzad (CoinDesk)

Policy

Hong Kong's Central Bank Plans to Ease Rules on Banks' Crypto Holding: Report

The central bank released a draft paper for public comment with a view to clarifying the guidance on capital regulation for crypto assets

Hong Kong Harbor (Shutterstock/Modified by CoinDesk)

Policy

U.S. Fed Officially Scraps Specialist Group Meant to Oversee Crypto Issues

The Federal Reserve has shuttered the Novel Activities Supervision Program it built in 2023 that was — in part — meant to focus on banks' crypto activity.

U.S. Federal Reserve in Washington .(Jesse Hamilton/CoinDesk)

Policy

New White House Order Could Punish Banks for Dropping Customers Over Beliefs

The order aims to stop "debanking", the practice of denying financial services for ideological reasons.

White House (Michael Schofield/Unsplash)

Policy

UK to Propose Restrictions on How Banks Can Deal With Crypto Next Year

The U.K.'s incoming rules will be on the more restrictive end, said David Bailey, the executive director of prudential policy at the Bank of England.

A view over the City of London taken over the Thames near Tower Bridge. (Cj / Unsplash+)

Policy

Banks' Spot Crypto Holdings Continue to Collapse as Firms Move to ETPs

Global banks held $367 billion in crypto assets under custody in Q2 last year, data from the Basel Committee on Banking Supervision showed.

Globe (Kyle Glenn / Unsplash)

CoinDesk Indices

What Banks Should Consider Before Diving Back Into Digital Assets

What we are seeing now is renewed interest in digital assets from banks across the board — from credit unions and community banks to midsize and regional players to Wall Street giants.

Man standing outside US bank

Policy

OCC Says Banks Can Engage in Crypto Custody and Certain Stablecoin Activities

OCC lifts approval and control requirements for banks engaging in cryptocurrency activities in new interpretive letter.

A sign outside the OCC office (CoinDesk)