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Hawaiian Bill Would Let Banks Act as Crypto Custodians

Hawaiian lawmakers have submitted a bill that allows banks to provide custody for digital assets......»»

Category: forexSource: coindeskJan 23rd, 2020

Wyoming Bill Would Clear the Way for Crypto Custody at Banks

Wyoming legislators have introduced a bill to classify digital assets as property and provide banks with clarity on crypto custodial services......»»

Category: forexSource: coindeskJan 21st, 2019

Two Hawaii banks recognized by Forbes" best banks list

Two Hawaii banks have rated in the best banks in America list by Forbes Magazine. First Hawaiian Bank was named as the 18th best bank in the nation, and Bank of Hawaii ranked 27th in the list. Forbes’ 11th annual look at America’s Best Ban.....»»

Category: topSource: bizjournals22 hr. 47 min. ago

Advent of decentralized finance: how central banks have helped to drive global crypto adoption

The emergence of cryptocurrency over the last decade has not only introduced investors to new ways of making money, but also given them a unique... The post Advent of d.....»»

Category: blogSource: valuewalkFeb 19th, 2020

Wells Fargo Invests $5M in Startup Connecting Crypto Exchanges and Banks

Banking giant Wells Fargo is backing blockchain forensics firm Elliptic......»»

Category: forexSource: coindeskFeb 13th, 2020

Germany’s BaFin Clarifies Licensing Process for Foreign Crypto Custodians

In its latest guidance released in January.....»»

Category: forexSource: coindeskFeb 5th, 2020

Few Banks Will Touch Crypto Firms, but Silvergate Wants to Touch Bitcoin Itself

Silvergate made its name providing fiat banking services for crypto businesses. Now, CEO Alan Lane wants the bank to handle digital assets themselves......»»

Category: forexSource: coindeskJan 30th, 2020

Few Banks Will Touch Crypto Firms, But Silvergate Wants to Touch Bitcoin Itself

Silvergate made its name providing fiat banking services for crypto businesses. Now CEO Alan Lane wants the bank to handle digital assets themselves......»»

Category: forexSource: coindeskJan 30th, 2020

Compared to Traditional Banks, Crypto Lenders See Booming Growth

A lukewarm U.S. economy is making big banks like JPMorgan Chase struggle to produce fast loan growth - even with interest rates close to historic lows. Yet, in the white-hot cryptocurrency industry, lenders are burgeoning......»»

Category: forexSource: coindeskJan 30th, 2020

Swiss Banks Enter the Age of Bitcoin

An emerging trend in wealth-stashing Switzerland: crypto-friendly banks......»»

Category: forexSource: coindeskJan 21st, 2020

Do Custodians Wield Undue Influence on Crypto Market Prices?

Noelle Acheson warns of the consolidating power of crypto custodians, and the influence this could have on asset prices......»»

Category: forexSource: coindeskJan 21st, 2020

Canadian Regulatory Group Targets Crypto Exchanges Holding Users’ Digital Assets

Canada's top financial watchdog has told crypto exchanges they will be subject to securities law if they act as custodians to users' digital assets......»»

Category: forexSource: coindeskJan 17th, 2020

New Hampshire Lawmakers Vote Down Crypto Tax Bill

New Hampshire legislators have scrapped a bill that would have allowed state agencies to accept cryptocurrencies for tax payments......»»

Category: forexSource: coindeskJan 16th, 2020

Crypto Custodians Grapple With Germany’s New Rules

While a grandfather clause allows crypto custodians to keep serving German customers without being penalized, those same companies are waiting on financial regulator BaFin to release final regulations around the law......»»

Category: forexSource: coindeskDec 26th, 2019

Fidelity Exec Predicts Crypto Custodians Will White-Label Their Services

Fidelity Digital Assets envisions a future where custodians work behind the scenes to store cryptocurrency for other firms’ clients, an exec said......»»

Category: forexSource: coindeskDec 19th, 2019

Capitol Report: Influential Senate Republican says he doesn’t support cannabis-banking bill that passed House

Senate Banking Committee Chairman Mike Crapo on Wednesday said he doesn’t support a House-approved bill that aims to protect banks that work with the marijuana industry......»»

Category: topSource: marketwatchDec 18th, 2019

Top 10 US Retail Banks Unknowingly Serve Crypto Startups, CipherTrace Claims

CipherTrace revealed research Monday showing that the top 10 retail banks by assets managed in the U.S. worked with unregistered crypto money services businesses by transmitting funds on their payment networks......»»

Category: forexSource: coindeskDec 16th, 2019

Crypto Custody Firm Trustology Cuts Staff as Banks Delay on Digital Assets

Digital asset custody firm Trustology has cut seven of its 18 staffers as the big banks it courted are taking longer than expected to jump into crypto......»»

Category: forexSource: coindeskDec 12th, 2019

Here’s a New Banking Tool for Vetting Crypto Exchanges

The blockchain forensics firm is now offering banks a product that aims to provide up-to-date risk profiles of more than 200 of the largest crypto exchanges around the world......»»

Category: forexSource: coindeskDec 11th, 2019

German Banks Allowed to Sell and Custody Crypto Assets From 2020: Report

From next year, banks in Germany will be allowed to offer the sale and storage of cryptocurrencies under new legislation......»»

Category: forexSource: coindeskNov 29th, 2019

Ukraine Plans to Tax Crypto Gains at Low 5% Rate (for a While, Anyway)

A draft bill setting out how crypto-related income should be taxed in Ukraine would tax gains at 5 percent for the first five years if passed......»»

Category: forexSource: coindeskNov 20th, 2019