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Bank

Trump-backed World Liberty wins conditional bank charter from federal regulator

Trump-backed World Liberty wins conditional bank charter from federal regulator

2 weeks ago by Crypto InsightsCrypto

A federal bank regulator has granted World Liberty Trust Co. a conditional bank charter, it announced Friday. The Office of the Comptroller of the Currency, the U.S. banking agency that grants federal charters, said in a letter posted to its website that World Liberty could… Read More

Morgan Stanley’s infrastructure partner Zerohash rebuffed in pitch to be U.S. trust bank

Morgan Stanley’s infrastructure partner Zerohash rebuffed in pitch to be U.S. trust bank

2 weeks ago by Crypto InsightsCrypto

Unlike denials (as received by Wise and Bunq) a return doesn’t come with a detailed explanation. The company didn’t publicly disclose the development when it happened, as it had with the submission of its application. And Zerohash hadn’t voluntarily withdrawn the filing, as was its… Read More

North Korea arrests hackers accused of laundering stolen bank funds through crypto

North Korea arrests hackers accused of laundering stolen bank funds through crypto

1 month ago by Crypto InsightsCrypto

North Korean authorities arrested former military hackers accused of stealing state funds from two banks and laundering the proceeds through cryptocurrency. The group, according to a Daily NK report citing an anonymous source in Pyongyang, allegedly breached the internal systems of the Central Bank of… Read More

Russia’s largest bank Sberbank plans crypto trading infrastructure by December

Russia’s largest bank Sberbank plans crypto trading infrastructure by December

1 month ago by Crypto InsightsCrypto

Russia’s largest bank, Sberbank, plans to build cryptocurrency trading infrastructure and launch a digital depository by Dec. 1 as Russia moves to bring crypto trading, custody and settlement into its regulated financial system. The depository, according to Interfax, will record clients’ ownership of cryptocurrency and… Read More

The traditional bank account is facing an existential threat from digital wallets

The traditional bank account is facing an existential threat from digital wallets

1 month ago by Crypto InsightsCrypto

Jan said many Binance employees, including himself, already keep most of their assets on the exchange. “I could make payments, I could use my debit card to spend whatever I need wherever I want,” he said. Lines are blurring Eneko Knorr, co-founder and CEO of… Read More

Russia’s largest bank plans crypto wallet launch as Moscow clears market path

Russia’s largest bank plans crypto wallet launch as Moscow clears market path

2 months ago by Crypto InsightsCrypto

Non-qualified investors will be allowed to trade under testing requirements and limits capped at roughly 300,000 rubles (around $3,800) per year, while market participants will have until July 1, 2027, to enter the official registry. Russia’s complicated crypto history The developments follow years of resistance… Read More

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