Stablecoins
National Australia Bank to launch AUD-backed stablecoin
The stablecoin, AUDN, will focus on reducing settlement time, bringing down cost of international transfers, and carbon credits.
Monika Ghosh 2 min read
Banking News
Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
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Top Banking Stories
Regulation
Japan urges other countries to regulate crypto companies like banks
A top official says the U.S. and Europe should closely supervise crypto firms.
Exchanges
Binance launches off-exchange custodial settlement platform
Institutional users can "mirror" funds in custody to their exchange account.
Latest Banking News & Analysis
Regulation
India’s central bank governor calls for ban on crypto, compares it to gambling
Shaktikanta Das reiterated his earlier criticisms of the cryptocurrency sector.
Bear Market
Silvergate received a $4.3B bailout after FTX collapse
In the wake of the FTX collapse, withdrawals from Silvergate spiked, and its deposits fell by $3.8 billion at the end of 2022.
Banking
France’s AMF president announces support for mandatory crypto licensing
Rules for crypto companies could take effect sooner rather than later.
Bear Market
Metropolitan Bank to abandon crypto asset related vertical
According to MCB, the industry's recent developments and changes in banks' regulatory environment were reasons for leaving the crypto asset vertical.
Regulation
ECB calls for crypto regulation, expedited CBDCs deployment
ECB's Executive Board member Fabio Panetta wrote in the ECB blog emphasizing the need for crypto regulation and CBDCs.
Banking
Silvergate Capital bank forced to sell assets at loss, fires 40% of staff
Silvergate Capital faced a $8.1 billion bank run and was forced to sell assets at a loss, resulting in a $718 million loss.
