Crypto.com gets registration clearance from the Dutch Central Bank
Crypto.com has earned approvals from seven other regulatory bodies in the recent past. The exchange’s approval in the Netherlands comes weeks after Binance withdrew its license application. Crypto.com seems to…
Shinhan Bank, SCB TechX pilot cross-border stablecoin payments on the Hedera
Shinhan Bank and Siam Commercial Bank’s SCB TechX recorded real-time, low-cost remittances. The pilot on the Hedera network involved cross-border stablecoin payments using South Korean won (KRW), the Thai Baht…
Conflux (CFX) soaring after Bank of China announced SIM Card NFC payments
At press time, Conflux (CFX) token was trading at $0.1981, up 10% in the last 24 hours. Conflux Network partnered with China Telecom to develop a Blockchain-powered SIM card (BSIM)…
Saxo Bank ordered to dispose of crypto holdings by Denmark’s DFSA
The DFSA ordered the Saxo Bank to dispose of its own holdings in crypto. The Financial regulators in Denmark have said that local banks are not allowed to hold crypto…
Singapore bank DBS allows e-CNY settlements
The DBS bank has started an e-CNY collection platform. The platform will enable automated settlement of e-CNY into businesses’ CNY bank deposit accounts. The bank is participating in Project Guardian,…
CACEIS Bank secures France’s first crypto custody licence
CACEIS Bank is the asset servicing unit of Crédit Agricole and Santander. The company is registered as a Digital Assets Service Provider by France’s Financial Markets Authority. The approval allows…
You can’t just buy a bank and make it crypto-friendly: CZ
Binance’s Changpeng “CZ” Zhao says that purchasing a bank would not be a solution to the crypto debanking issue. He cites the regulatory environment and need for a network of…
Bitcoin, Ether eye new move as stocks plummet on fresh bank fears
Bitcoin (BTC) and Ethereum (ETH) prices rose nearly 2% respectively as stocks plunged. The S&P 500 was down 1.5% as two bank stocks plummeted. BTC and ETH gains saw altcoins…
Report showing Binance.US unable to find bank partners in the US
The recent failures of Silvergate and Signature Bank left Binance.US without banking services. Binance.US is looking for a new bank partner to serve as a fiat on-ramp and off-ramp for…
Cathie Wood: Crypto did not force SVB and Signature Bank into bankruptcy
Cathie Wood says crypto had “nothing to do” with SVB and Signature Bank collapses. Rather, it’s Fed policy that “caught many regional banks offside.” According to her, the banks suffered…