Bank of Thailand Flags Abnormal Stablecoin Trades in 'Grey Economy' Crackdown
In brief The Bank of Thailand is using data analytics to scan for abnormally high-volume trades in stablecoins, especially Tether’s USDT, as part of a...
Tag : Bank
Bank of Thailand targets USDT and cash flows in gray money crackdown
Thailand’s central bank is stepping up stablecoin surveillance in an effort to crack down on money laundering, illicit finance and “gray money” in the country....
USDC issuer Circle wins final approval for US national trust bank charter
USDC stablecoin issuer Circle on Friday announced it received final approval from the US Office of the Comptroller of the Currency (OCC) to establish First...
Russia's largest private bank, Alfa-Bank, tests crypto trading
Russia’s largest private bank, Alfa-Bank, is reportedly preparing to offer cryptocurrency services as the country continues developing a legal framework for the digital asset market....
Bank of Korea defends bank-first stablecoin plan amid bill deadlock
The Bank of Korea has reaffirmed that won-denominated stablecoins should initially be issued through bank-led consortiums, reinforcing its position as South Korea’s digital asset legislation...
Sony Bank gets US regulator nod to issue stablecoins
Sony Bank, a subsidiary of Sony Financial Group, said it’s received preliminary approval to establish a new US national trust bank subsidiary that will issue...
Sony Bank Clears OCC Hurdle for Dollar Stablecoin
In brief Japan’s Sony Bank has won conditional approval from the U.S. Office of the Comptroller of the Currency to set up a national trust...
Bank of Korea stands firm on bank-led stablecoin push as deposit token pilots advance
The Bank of Korea (BOK) has doubled down on its stance that won-denominated stablecoins should first be issued through bank-led consortiums. According to local reports...
Andrew Bailey denies Farage swayed Bank of England CBDC stance
The Bank of England has reaffirmed that its work on a potential digital pound has remained independent despite claims that political lobbying may have influenced...
Bank of England governor denies Farage lobbying swayed CBDC policy: Report
Bank of England Governor Andrew Bailey has reportedly denied that lobbying efforts by Nigel Farage influenced the central bank’s approach to a potential central bank...