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US Longest-running Bank BNY Mellon to Offer Crypto Custodial Services

Bank of New York Mellon – the longest-running US-based bank – has reportedly disclosed details of its initiative to support holding, transferring and issuing Bitcoin (BTC) and other...

| Feb 21, 2021 07:05

Major Russia-based Bank Plans to Release Its Stablecoin by Spring 2021

Sberbank – Russia-based, top-tier, state-owned bank – has reportedly finalized its filing submission to release a blockchain platform, supporting its “Sbercoin” stablecoin. ...

| Jan 27, 2021 18:33

FinCEN Looks to Make Changes To Regulations Controlling Offshore Crypto Holdings

The US Financial Crimes Enforcement Network (FinCEN) is reportedly generating a short announcement, detailing its plan to propose an adjustment in the Bank Secrecy Act. Specifically, the adjustment...

| Jan 11, 2021 10:24

Vietnamese Bank Carries Out Issuance of Its first Blockchain-based Letters of Credit

Top-tier Vietnamese bank HDBank has reportedly become the first bank nationwide to roll out blockchain-based letters of credit (LC). Specifically, the issuance, document presentation and successful...

| Jan 08, 2021 14:43

Major Russian Bank VTB Runs Trials for Blockchain-based Bank Guarantees Issuance Network

VTB – 2nd-ranking bank across Russia following Sberbank – has reportedly carried out trials for a new blockchain-powered system supporting bank guarantees issuance. Specifically, VTB...

| Dec 29, 2020 13:42

German Bank Rolled Out Fund Having Coverage of The Majority of Digital Assets

Private bank from Germany Hauck & Aufhäuser reportedly disclosed details regarding its first crypto fund, which will cover the majority (85%) of the overall digital asset market. Specifically,...

| Dec 17, 2020 14:56

Comptroller Disclosed Alternative Method for Crypto Firms to Function As Banks

An alternative for securing a charter that allows functioning as a federally-approved bank to provide crypto custody features, has reportedly been disclosed by Acting Comptroller of the Currency Brian...

| Dec 04, 2020 09:52

Reserve Bank of Australia Teamed Up to Study CBDC

The Reserve Bank of Australia (RBA) will reportedly forge an alliance with numerous entities to deep-dive into the potential adaptation of a wholesale CBDC across the nation, using Ether-based DLT. ...

| Nov 03, 2020 09:53

Avanti Operates Crypto-centric Bank in Wyoming

Avanti has reportedly been successful in obtaining a bank charter from the Wyoming State Banking Board, to set up a crypto-friendly bank dubbed Avanti Bank & Trust, together with its “tokenized...

| Oct 31, 2020 14:27

Reserve Bank of Australia Putting In Investment to Roll Out CBDC Despite Initial Turn-down

The Reserve Bank of Australia (RBA) is reportedly investing its resources in the research for its own CBDC, despite the comment claiming that would not be ready in under one month earlier. ...

| Oct 14, 2020 17:25