Tag: banks

The Fed, FDIC and OCC teamed up to wish the banks they regulate a FUD-filled new year with a warning about the risks associated with crypto assets and their efforts to contain those risks. United States federal bank regulatory agencies started off the new year with a statement on crypto assets looking back at the…

Swiss investment bank UBS AG introduced its digital bond, claiming to be the world’s first publicly traded bond settled on both blockchain-based and traditional exchanges. The bond will be issued on the blockchain platform of SIX Digital Exchange (SDX), not requiring a central clearing counterparty. Issuing the blockchain-based bond will probably encourage more banks to…

SEBA bank, a Switzerland-based crypto-friendly bank, has announced an NFT custody solution that gives institutional investors the ability to hold NFT collections without managing private keys themselves. SEBA says it’s the first regulated bank to offer NFT custody. The bank will enable clients to store any Ethereum-based NFTs, which includes popular blue-chip collections like Bored…

Mastercard announced on October 17 the Crypto Source program, which will make it easier for banks and financial institutions to offer cryptocurrency trading. The payments giant is teaming up with Paxos to launch the service and take care of compliance and security. The Crypto Source program will act as a “bridge” between the crypto trading…

As I write, the cryptocurrency bear market is roaring, again, and seems to throw off a headline a day. Perhaps the most spectacular statistic is that $2 trillion has been lost since November 2021 and some commentators are saying that there is worse still to come. So, it may seem a strange moment to champion…

Itay Tuchman, Citi’s global head of foreign exchange, has left the bank after more than two decades. As one of the chief architects of a push into digital assets in the bank, Tuchman is headed for a job in crypto, a source said. The top executive was one of the chief architects of a push…