Crypto, Banks, Policy Experts Press Congress to Modernize Bank Secrecy Act
In brief TRM Labs’ Ari Redbord told a House subcommittee that the Bank Secrecy Act is “structurally incapable” of keeping pace with AI-enabled financial crime....
Tag : Banks
MoonPay launches MoonPay Trade to pull banks into DeFi and tokenized assets
MoonPay is launching MoonPay Trade, a new institutional platform that promises banks and fintechs unified access to tokenized assets, DeFi protocols and stablecoin liquidity across...
Euro stablecoin project Qivalis adds 25 banks ahead of launch
Qivalis, a European banking consortium developing a regulated euro stablecoin, expanded to 37 member institutions on Wednesday after adding 25 new banks across 15 countries....
Minnesota crypto custody law lets banks hold assets from Aug. 1
Minnesota has signed a new crypto custody law that lets banks and credit unions hold digital assets for customers from Aug. 1. Summary Minnesota banks...
Minnesota legalizes crypto custody services for banks, credit unions
Minnesota-based banking institutions and credit unions are set to offer some crypto custody services beginning in August. On Friday, Governor Tim Walz signed House File...
Hana Bank’s Dunamu buy lifts XRP Upbit volumes
XRP Upbit volume surged to $330 million on May 15 after Hana Bank announced a $670 million Dunamu stake. Summary XRP’s Korean won pair led...
Augustus CEO says banks can’t rebuild for AI and stablecoins
Augustus Bank’s CEO, Ferdinand Dabitz, says legacy clearing banks cannot truly rebuild their cores for artificial intelligence and programmable money, as his startup moves closer...
Moody’s says banks are preparing for large-scale tokenized finance adoption
Major U.S. banks and financial institutions have increasingly prepared for a future in which tokenized assets become part of mainstream finance, even as industry participants...
US banks expect ‘slow, then fast’ shift to digitized finance: Moody's
Major US banks and financial market intermediaries expect the transition to a digitized financial system to start slowly, then hit a tipping point at which...
US banks reject CLARITY Act stablecoin deal days before Senate vote
The US banking lobby is mounting a last-minute push to stall the CLARITY Act just days before its scheduled Senate Banking Committee markup on May...