Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a
Read moreFederal Reserve issues enforcement action against FTX-linked US bank
Moonstone Bank, which renamed itself Farmington State Bank, received roughly $11.5 million from FTX’s sister firm, Alameda Research, through its holding company in 2022.
Read moreColombia central bank recommends limiting CBDC holdings and spending
Setting limits on CBDC transactions could be beneficial to issues related to user privacy and security, according to the central bank of Colombia.
Read moreCrypto Crashes and Climate Chaos: FDIC Highlights Key Banking Risks in 2023
The U.S. Federal Deposit Insurance Corporation (FDIC) flagged escalating risks from cryptocurrencies in its annual review of risks facing the banking industry. FDIC: Cryptos and
Read moreRussia to Test Digital Ruble in 11 Cities, Moscow Subway
Russia’s capital Moscow and 10 other cities will host pilot tests for the digital ruble, Bank of Russia Deputy Governor Olga Skorobogatova announced. Over a
Read moreUS bank reveals $166M in crypto holdings: Q2 earnings report
SoFi started offering crypto services even before becoming a bank, and its banking license might change how it hodls crypto.
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