SEC chief accountant Paul Munter said agency staff views on a divisive rule curtailing banks from offering crypto custody services “remain unchanged.”
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US Banking Regulator Calls for Stronger Oversight of Crypto Risks
Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2
Read moreMajor Swiss bank ZKB launches Bitcoin and Ether trading
Zurich Cantonal Bank will take on the function of securely storing the private keys for its customers, according to exec Alexandra Scriba.
Read moreJapanese Bitcoin investor Metaplanet works with Ripple’s partner SBI
SBI Group’s fully-owned crypto exchange, SBI VC Trade, will assist Metaplanet in its Bitcoin strategy by providing various support in trading, storage and operation.
Read moreBanks face new risks from permissionless blockchains, BIS warns
To mitigate risks associated with public blockchain networks, the paper proposed appointing an entity with the authority to “control and limit access” to cryptocurrency assets.
Read moreElon Musk’s Twitter buyout is going so poorly that banks had to issue pay cuts
The “hung” loans have led to bankers calling it the worst buyout since 2008.
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