Tag Archives: Cryptocurrencies

Citigroup Helping World Governments Build Digital Currencies, CEO Says

Citigroup Helping World Governments Build Digital Currencies, CEO Says

Citigroup Chief Executive Michael Corbat said his bank is helping governments “around the world” in creating sovereign digital currencies, otherwise known as central bank digital currencies, or CBDC. Speaking to David Rubenstein at a Friday Bloomberg event, Corbat made clear CBDCs are an “inevitable” development in the future of money. Citigroup, the multinational banking giant, […]

Hong Kong plans to ban retail trading of cryptocurrencies

Hong Kong plans to ban retail trading of cryptocurrencies

Cryptocurrencies will now come under fresh regulations in Hong Kong as its Securities and Futures Commission (SFC) proposes to ban retail investors from trading in cryptocurrencies. The new rules also aim to force crypto exchanges in Hong Kong to obtain licenses. During the Hong Kong Fintech Week event on Tuesday, Chief Executive Officer of the SFC, Ashley […]

Banks in US Can Now Offer Crypto Custody Services, Regulator Says

Banks in US Can Now Offer Crypto Custody Services, Regulator Says

The Office of the Comptroller of the Currency (OCC) is letting all nationally chartered banks in the U.S. provide custody services for cryptocurrencies. In a public letter dated July 22, Senior Deputy Comptroller and Senior Counsel Jonathan Gould wrote that any national bank can hold onto the unique cryptographic keys for a cryptocurrency wallet, clearing […]

Coinbase Becomes First ‘Pure’ Crypto Firm Approved as Visa Principal Member

Coinbase Becomes First ‘Pure’ Crypto Firm Approved as Visa Principal Member

Coinbase, the San Francisco-based cryptocurrency exchange, has been made a Visa principal member. Announcing the news on its blog Wednesday, the firm said the news marks it as the “first pure-play crypto company” to be approved by the credit card giant. Coinbase has been working with Visa since 2019 when it launched its Coinbase Card in the UK. The […]

Franklin Templeton Taps Wallet Service Provider to Support Tokenized Shares

Franklin Templeton Taps Wallet Service Provider to Support Tokenized Shares

The companies announced Thursday that Curv would be responsible for helping Franklin Templeton build the transaction signing and management system for its fund. Curv, which developed a series of multi-party computation protocols, seeks to remove the need for private keys, which it calls a “single point of failure” on a blockchain platform, according to a […]

Ripple Invests $750,000 to Bring XRP to Crypto Wallet BRD

Ripple Invests $750,000 to Bring XRP to Crypto Wallet BRD

Mobile wallet provider BRD is partnering with Ripple’s Xpring to boost XRP adoption. The companies announced Friday that Xpring would invest some $750,000 into BRD as part of its efforts to “build the internet of value.” As part of this new “strategic partnership,” BRD will integrate XRP and begin building on Xpring’s developer platform. “The […]

US House Passes Bill for FinCEN to Study Blockchain Use

US House Passes Bill for FinCEN to Study Blockchain Use

Congress wants the Financial Crimes Enforcement Network (FinCEN) to up its internal blockchain game with a new bill to study how the technology could be adapted for law enforcement. On Sept. 19, the House of Representatives passed legislation calling for the financial crimes regulator to study its use of “innovative technologies” — including blockchain. The bill […]