Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
The initiative could serve as a precursor to the introduction of the digital euro, ECB's central bank digital currency plan.
Gino Matos 2 min read 
BNY Mellon's foray into Bitcoin ETFs reflects Wall Street's cautious yet growing integration into the digital asset realm amid evolving regulatory landscapes.
State Street will roll out its services next year, while Citi is already diving deeper into crypto.
Tether dismisses concerns over regulatory compliance, boasts $20 billion liquidity surplus to adapt easily.
Despite a 69% increase in Bitcoin exposure, Ethereum-related ETF shares grew by less than $10,000.
Powell said banks and the Fed should be mindful that crypto activities can be done inside financial institutions.
BoE governor Andrew Bailey also discussed Bitcoin and stablecoins, calling the former a speculative asset, while acknowledging the latter could serve a monetary purpose.
Powell remarks align with the Fed cautious stance regarding a CBDC.
ECB's regulatory move enables fintechs direct Eurosystem access, enhancing competition and reducing dependency on traditional banks.
