Tag: Bank

Bank of Korea Pushes Crypto Circuit Breakers to Prevent Sudden Market Breakdowns – Regulation Bitcoin News

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Key Takeaways: BOK urged crypto exchanges to adopt circuit breakers to curb extreme volatility. Central bank said crypto firms lack controls compared to traditional finance standards. Report called for real-time systems to verify balances and prevent payment errors. Crypto Exchange Failure Exposes Control Weaknesses South Korea’s central bank, the Bank of Korea (BOK), said in its annual payment and settlement report on April 13 that crypto exchanges should adopt circuit breaker mechanisms following a major operational failure at Bithumb. The move signals a push to align digital asset trading infrastructure…

Bank of Korea Pushes to Impose Stock Market Rules on Exchanges

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South Korea’s Central Bank Pitches Crypto ‘Circuit Breakers’

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South Korea’s central bank says crypto exchanges should have their own “circuit breakers” that halt trading to prevent a repeat of the market fallout after Bithumb mistakenly sent more than $40 billion in Bitcoin to its customers in February. The Bank of Korea said in a payments report on Monday that lawmakers should consider introducing mechanisms similar to the Korea Exchange’s trading curbs to suspend trading if crypto prices suddenly fluctuate. “Currently, the virtual asset industry lacks internal control mechanisms and faces lower regulatory intensity compared to established financial institutions,”…

JPMorgan CEO Says Bank Must Build Its Own Blockchain To Counter Crypto Threats

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

New AI Cybercrime Tool Targets Crypto, Bank KYC Systems via Deepfakes

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A threat actor known as “Jinkusu” is allegedly selling cybercrime tools designed to bypass Know Your Customer (KYC) checks at banks and crypto platforms. The tool uses deepfakes and voice manipulation to trick KYC verification systems on finance platforms, cybercrime tracker Dark Web Informer wrote in a Sunday X post. Cybersecurity company Vecert Analyzer added that Jinkusu uses AI for real-time face swaps via InsightFace for “fluid gesture transfers,” along with voice modulation to evade biometrics. Source: Dark Web Informer The emergence of deepfake tools is a “wake-up call” for…

Standard Chartered Bank Predicts $500K Bitcoin as Price Climbs

Standard Chartered has put a $500,000 Bitcoin price target on the table for 2030, and the market nudged higher in response – BTC climbing roughly 100 basis points to $67,500 as the forecast circulated. The number alone is striking; what’s more telling is that it comes from a bank with a $70 billion balance sheet, not a crypto-native research shop, and that it was delivered without a formal published note to anchor it. Standard Chartered’s $500K Call: The Institutional Logic Behind the Target Geoff Kendrick, Standard Chartered’s Global Head of…

China’s Tax Authority Urges Bank Blockchain Implementations for Lending

China’s tax and financial regulators on Monday urged banks and local authorities to use blockchain and privacy computing to upgrade the “bank-tax interaction” model and expand financing for small businesses. The State Administration of Taxation and National Financial Regulatory Administration said in a joint policy notice that banks and taxpayers should standardize data sharing and reduce information asymmetry between tax authorities, banks and enterprises. The report also urged banks to improve credit models, enhance credit approval efficiency and increase the supply of financing services to “honest, tax-paying enterprises.” The directive…

Coinbase Clarifies ‘We Are Not Becoming a Bank’ After Receiving Conditional OCC Nod That Hints at Bigger Moves – Exchanges Bitcoin News

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Coinbase OCC Trust Charter Signals Federal Crypto Oversight Shift Crypto exchange Coinbase (Nasdaq: COIN) said it is not becoming a bank after announcing on April 2 that it received conditional approval from the Office of the Comptroller of the Currency (OCC), clarifying its regulatory direction. The move signals a shift toward federal oversight of crypto infrastructure while preserving a non-bank model focused on custody and institutional services. Brian Armstrong, CEO of Coinbase, shared on social media platform X that the approval does not signal a transition into banking activities. He…

PSA Rules, JPY Coins and Bank Issuers – Featured Bitcoin News

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Japan’s Stablecoin Rules JPYC Co. launched what regulators and the company call the world’s first fully regulated yen-pegged stablecoin in October 2025, capping a decade of cautious financial architecture that Tokyo began laying well before most governments acknowledged digital money existed. The milestone did not arrive by accident. Japan’s Financial Services Agency (FSA) spent years designing a framework that would make a collapse like Terra/Luna structurally impossible on its soil, and the rules it finalized through amendments to the Payment Services Act tell you exactly where the country’s priorities landed.…

ICBA Opposes OCC’s Conditional Nod For Coinbase National Trust Bank Charter

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The Office of the Comptroller of the Currency (OCC) granted Coinbase (COIN) a conditional approval for a national trust bank charter, a move that would place the crypto exchange among a small group of five digital-asset firms — including Ripple, Circle (CRCL) — that have received similar tentative sign-offs from the agency.  If the charter is finalized, Coinbase would be able to expand beyond custody services to offer payment products and other infrastructure under federal supervision, Coinbase’s chief legal officer, Paul Grewal, told CNBC. Coinbase Eyes Broader US Payments Suite …