US Senate overturns SECs anti-crypto resolution, but will Biden veto? Law Decoded

The U.S. president remains the last barrier to recalling the problematic anti-crypto resolution by the SEC.

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Banker suggests taxing UK crypto buyers to drive growth in stock investing and boost economy

The United Kingdom has seen a surge in stock investing due to tax-savvy cryptocurrency buyers, according to a recent report. The trend has been attributed to investors looking for ways to maximize their returns while minimizing tax liabilities. A banker highlighted the increased interest in stock investing among cryptocurrency buyers, especially as they become more [...]

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JPMorgan CEO Jamie Dimon Says He Wont Personally Ever Buy Bitcoin

The chief executive of JPMorgan Chase, Jamie Dimon, has doubled down on his anti-crypto stance, declaring that he will never personally buy bitcoin. His investment bank, however, is an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Despite his personal reservations about bitcoin, Dimon acknowledged his clients’ interest and championed their freedom to invest. [...]

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US banking advocacy group supports Sen. Warren’s reintroduced crypto bill

According to the Bank Policy Institute, including digital assets in the Anti-Money Laundering framework is essential for safeguarding the United States financial system.

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Top 7 Wall Street movies you must watch

Discover the best of Wall Street cinema with these top seven films, featuring captivating tales of finance, ambition and power.

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Russian Bankers Suggest Criminalizing Crypto Storage in Non-Custodial Wallets

Keeping cryptocurrencies in non-custodial wallets may be criminalized in Russia, if authorities accept a proposal from the trade association representing Russian banks. While financial regulators think the idea deserves attention, lawmakers and experts doubt it’s possible to implement such a measure. Russian Banks Move to Curb Use of Private Cryptocurrency Wallets Challenges with foreclosure and… More

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Within 36 Months More than a Third of Banks Will Offer Crypto Services, New Research

American Banker issued its 2022 banking predictions based on survey results of 175 top executives.

Continue reading Within 36 Months More than a Third of Banks Will Offer Crypto Services, New Research at DailyCoin.com.

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Former Deutsche Bank Investment Banker Charged With Crypto Fraud in US

An investment banker formerly employed by Deutsche Bank has been charged with perpetrating a crypto-related fraud. The man from Brooklyn has been accused of misappropriating funds from victims whom he promised large returns on cryptocurrency investments in a Ponzi-like scheme. Ex-Deutsche Bank Investment Banker Arrested and Charged for Defrauding Crypto Investors Rashawn Russell, a 27-year-old [...]

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Former Banker Charged with Crypto Investment Fraud

Rashawn Russell, a former investment banker and registered broker, has been charged in federal court for defrauding investors with fake cryptocurrency investments and misappropriating funds to finance his lifestyle. (Read More)

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Russian Banker Predicts End of Dollar Dominance as Global Power Shifts

Russia’s second-largest bank’s chairman has predicted the end of U.S. dollar dominance. He believes that the Chinese yuan will replace the U.S. dollar as the dominant currency. “I think that the time has come when China will gradually remove currency restrictions,” he noted, adding that “China understands that they will not become world economic power

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US bankers support Trump but expect Harris victory American Banker

A survey of 191 bankers indicated heavy support for Trumps cryptocurrency and taxation policies. 

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CZ Binance on Buying Banks to Fight Crypto Regulation Woes, Russian Banker Says CNY Likely to Dethrone USD, and More — Week in Review

Changpeng Zhao, the CEO of Binance, doesn’t think buying a bank would solve the crypto industry’s troubles with traditional financial institutions, amid issues his own exchange currently faces in regions like Australia and Europe. In other news, the chairman of Russia’s second-largest bank has said that the Chinese yuan is likely to replace the U.S. [...]

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