DBS Bank Pioneers Programmable Government Grants on Blockchain
The solution builds on DBS’ multi-year participation in the Monetary Authority of Singapore (MAS)-led Project Orchid.
Blockhead
Ghana’s Central Bank Proposes Draft Regulation to Oversee Cryptocurrency Use and Adoption
The Bank of Ghana (BoG) has published a set of regulations for the use of cryptocurrencies in the country.
Citigroup’s veteran departs to pursue career in crypto: report
Citigroup’s head of digital assets Shobhit Maini is leaving the bank to pursue an “entrepreneurial opportunity” in the crypto space. Shobhit Maini, global head of digital assets in Citigroup’s market
Denis Omelchenko
Top U.S. Banks Under Federal Investigation – Here is Why
Several major banks, including JPMorgan Chase, Bank of America, and Wells Fargo, are under federal scrutiny for handling fraud and scams on Zelle, the instant payments platform.
exbasi.com
U.S. Federal Reserve Hits Customers Bank With Enforcement Action Related to Crypto Services
The governing body of the Federal Reserve System has issued an enforcement action against Customers Bancorp, the parent company of state-chartered Customers Bank known for doing business with crypto e
Rhodilee Jean Dolor
Another Top U.S. Bank Set to Introduce Bitcoin ETFs for Clients
After Morgan Stanley announced that it will allow its advisors to offer Bitcoin ETFs to some of their clients, another big american bank followed their example.
exbasi.com
Self-Sovereign Decentralized Identity Is Key To Retail CBDC Adoption
In the last few years, a conversation has arisen surrounding the implementation of what is known as Central Bank Digital Currencies, or CBDCs
Alastair Johnson, Contributor
Xapo Bank to Offer Interest-Bearing Bitcoin Accounts in UK
Coinspeaker Xapo Bank to Offer Interest-Bearing Bitcoin Accounts in UK Xapo Bank offers a unique 1% interest yield on Bitcoin without the need for staking, lending, or locking up assets. Xapo Bank to
Bena Ilyas
Bank of England Announces Experiments with Wholesale CBDCs and DLT
TLDR The Bank of England (BoE) plans to conduct experiments with wholesale CBDCs and distributed ledger technology The experiments will test settlement capacity, interoperability, and various transact
Oliver Dale
Bank of Russia eyes full-scale digital ruble launch by next July
The Bank of Russia is set to launch the digital ruble for widespread use by July 2025, following successful pilot tests. Russia’s central bank, the Bank of Russia, could launch its central bank digita
Denis Omelchenko
Nigeria Acts to Defend Naira After Currency Hits New Record Low
The Central Bank of Nigeria recently sold U.S. dollars to Bureaux de Change (BDC) at a flat rate of NGN1,450 per greenback. The central bank stated that eligible BDCs can sell the dollars to end-users
Terence Zimwara
Coinbase Customers’ Personal Data Exposed in Bank Breach
Earlier this month, a security lapse at a bank used by Coinbase compromised the personal details of over 150 customers.
exbasi.com