Russia on track for digital ruble rollout on Sept. 1: Central bank governor
Russia’s central bank governor, Elvira Nabiullina, confirmed that the country was prepared to roll out its central bank digital currency (CBDC) in two months, following...
Tag : Bank
Standard Chartered Becomes First Global Bank to Offer Direct USDC Access to Institutions
In brief Standard Chartered has become the first Global Systemically Important Bank (G-SIB) to offer institutional clients direct access to mint and redeem USDC. The...
Bank of Korea governor outlines tokenized bond vision, unified ledger plan
Hyun Song Shin, the governor of the Bank of Korea, praised tokenization for its ability to simplify the issuance and management of government bonds. Shin...
What is a crypto trust bank? Charters, custody, and the Fed Master Account
A wave of crypto firms, from Ripple to Circle, have won national trust bank charters, and several are chasing a Federal Reserve master account. This...
Ripple is quietly becoming a bank. What that means for XRP holders
A conditional national trust bank charter, a pending Federal Reserve master account, and a string of acquisitions in brokerage, payments, and treasury. Ripple is assembling...
Chainlink joins European and Korean bank consortia to develop FX settlement network
Chainlink has joined a working group with European and South Korean banking organizations to explore the use of stablecoins for foreign exchange (FX) settlement, underscoring...
Bank of England eases stablecoin rules, introduces 40B pound issuance cap
The Bank of England (BoE) published a policy statement and draft rules for systemic stablecoins on Monday, outlining how regulated British pound-backed stablecoins would operate...
Bank of England Eases Stablecoin Rules, Swaps Holding Caps for £40B ‘Guardrail’
In brief The Bank of England published its final policy and draft rules for systemic stablecoins on Monday, easing proposals after industry warnings they could...
Solana Foundation and Toss Bank Sign MOU to Rebuild Korean Remittance Rails
Solana News: The Solana Foundation and Toss Bank signed a Memorandum of Understanding, marking the first direct partnership between a South Korean internet-only bank and...
Bank of Korea advances deposit token project toward full-scale deployment
The Bank of Korea and participating banks have discussed operating deposit tokens on a continuous basis with the goal of establishing conditions for a formal...