Central Banks to Govern Exposure to Crypto in 2025
[ad_1] The Group of Central Bank Governors and Head of Supervision (GHOS) of the Bank for International Settlements (BIS) has endorsed a global prudential standard for banks’ exposure to crypto assets. The Group has also decided on January 1, 2025, as the implementation date for the standard. Grab your...
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New York Regulator Mandates Crypto Permission for Banks
[ad_1] The New York Department of Financial Services (NYDFS) has published a guidance that requires banking firms under the State of New York to seek advance permission from it before they or their authorized third-party agents engage in cryptocurrency-related activities. Grab your copy of our latest Quarterly Intelligence Report...
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New York Fed Partners with US Banks on 3-Month Digital Dollar Project
[ad_1] The Federal Reserve Bank of New York’s Innovation Centre (NYIC) in partnership with some US banking giants has kickoff a three-month digital dollar proof-of-concept (PoC) project. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital...
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Three Big Banks Invest in $105M Funding Round of Crypto Trading Firm Telos
[ad_1] Three major financial institutions – Citi, Wells Fargo and BNY Mellon – are among the new investors of United States-based Telos, a developer of institutional cryptocurrency trading technology, as the company closed a $105 million funding round. Telos is yet to make any official announcement, but multiple media...
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Chinese banks explore e-yuan for selling investment funds and insurance
[ad_1] Government-backed Chinese banks have reportedly started exploring new use cases for the digital yuan by allowing citizens to use it to buy insurance products and investment funds online. The South China Morning Post reported on Tuesday that leading Chinese banks such as Bank of Communications (Bocom) and China Construction...
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