Mastercard enables non-custodial crypto spending in new partnership

Mastercard partners with Mercuryo to launch a euro-denominated crypto debit card, enabling users to spend crypto from self-custodial wallets at over 100 million merchants.

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Major Swiss bank ZKB launches 24/7 Bitcoin and Ethereum trading

Switzerland’s fourth-largest bank, Zürcher Kantonalbank (ZKB), has introduced trading and secure storage for major digital assets, including Bitcoin and Ethereum, according to a Sept. 4 announcement. According to the bank, its customers can now trade BTC and ETH around the clock through its existing ZKB eBanking or ZKB Mobile Banking. It added that this was […]

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6 things the US needs to stay competitive in crypto, according to execs

The US is in danger of being left behind by more progressive jurisdictions in Asia, Europe and elsewhere.

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TradFi giant BNY Mellon secures regulatory exemption for crypto ETF custody services

BNY Mellon is taking significant steps toward entering the crypto custody market, particularly for Bitcoin and Ethereum exchange-traded funds (ETFs), after securing an exemption from the SEC, Bloomberg News reported on Sept. 24. According to the report, BNY Mellon received an exemption from the SEC’s Staff Accounting Bulletin 121 (SAB 121) during a review by […]

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Swiss crypto bank Sygnum secures license in Liechtenstein for EU expansion

Swiss crypto banking group Sygnum told CryptoSlate that it has secured a crypto license in Liechtenstein via its local subsidiary. According to a Sept. 23 statement, the firm said its Liechtenstein subsidiary Sygnum Europe AG had been registered with the country’s Financial Market Authority (FMA) as a service provider under the Token and Trusted Technology […]

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Chase infinite money glitch leaves TikTokers in huge debt

Social media users have been reporting a glitch with Chase Bank ATMs, allowing them to withdraw large sums without sufficient funds.

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Hong Kong prepares AI guidelines for finance sector

Hong Kongs government plans to regulate AI in finance by issuing policies at the upcoming FinTech Week.

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UK finance regulator FCA a deterrent to crypto industry, says CryptoUK

UK regulators have approved only four out of 35 crypto business registrations in the last 12 months, deterring others from engaging with the process.

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Heres When BSP Will Allow New Digital Bank Licenses | Key Points | Aug. 9, 2024

In today's news recap, find out when the BSP will allow new digital bank applicants in the Philippines.

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Customers Bank to strengthen AML compliance after Fed scrutiny

The crypto-friendly banks activities during the 2023 banking crisis will also be examined.

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Xapo Bank to offer 1% yield on Bitcoin in UK

Xapo Bank, a Bitcoin-focused institution, has announced its expansion into the United Kingdom, according to an Aug. 5 statement shared with CryptoSlate. The firm stated that the move makes it the first licensed bank in the UK to offer a combined interest-bearing account for fiat and Bitcoin. The expansion follows the successful transfer of Xapo’s […]

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Hong Kong Monetary Authority Publishes Conclusions on Three-Tier Banking System Review

The Hong Kong Monetary Authority (HKMA) has released the conclusions of its public consultation on the three-tier banking system, proposing a transition to a two-tier system. (Read More)

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Xapo Bank debuts interest-bearing Bitcoin, fiat accounts in the UK

Xapo Bank enters the UK market and becomes the first in the country to launch interest-bearing Bitcoin and fiat banking accounts.

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HKMA and HKAB Establish Joint Taskforce to Bolster SME Lending

The Hong Kong Monetary Authority (HKMA) and The Hong Kong Association of Banks (HKAB) have formed a joint taskforce to enhance SME lending support. (Read More)

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Anchorage adds PayPal stablecoin yield to custody platform

Institutional crypto custodians like Coinbase offer competing rewards programs. 

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Hong Kong issues generative AI guidelines for consumer protection

The HKMA has introduced new principles for using generative AI, emphasizing governance, transparency and data protection in consumer-facing applications.

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HKMA Issues Alert on Fraudulent Websites Impersonating Dah Sing Bank

The HKMA warns the public about fraudulent websites and internet banking login screens mimicking Dah Sing Bank, urging vigilance and caution. (Read More)

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Circle proposes new capital-risk framework for stablecoins

In July 2024, Circle became the first stablecoin issuer to comply with the European Unions Markets in Crypto-Assets regulatory framework.

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TradFi lender DBS launches EVM-compatible blockchain solution for treasury, liquidity management

Singapore-based DBS Bank has announced the pilot launch of DBS Treasury Tokens, a new blockchain-based treasury and liquidity management solution developed in collaboration with Ant International. The solution, powered by DBS’ permissioned blockchain, is designed to improve the efficiency and speed of multi-currency treasury operations for Ant International’s entities across various markets. Blockchain solution DBS […]

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Harris campaigns crypto reset questioned amid Fed crackdown

Critics argue that the US Federal Reserves actions are a significant overreach and could stifle innovation in the cryptocurrency sector.

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