Tag: Bank

Binance Founder CZ Rejects Claim He Suggested Kyrgyz Crypto Bank

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Binance co-founder Changpeng “CZ” Zhao has pushed back on reports that he has been driving a proposal to establish a crypto-friendly private bank in the Central Asian nation of Kyrgyzstan, where he provides advisory services. The rumors emerged after Kyrgyzstan President Sadyr Japarov told the Kabar news agency on Sunday that CZ had visited the country in May and suggested a cooperative effort to establish a private bank that also deals in cryptocurrency. Japarov claims he would have preferred to open a state-owned bank, but when CZ rejected the idea,…

Tokenized Bank Deposits Are Inferior to Stablecoins: Professor

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Banks and financial institutions have started experimenting with tokenized bank deposits, bank balances recorded on a blockchain, but the technology is doomed to lose out to stablecoins, according to Omid Malekan, an adjunct professor at Columbia Business School. Overcollateralized stablecoin issuers, who must maintain 1:1 cash or short-term cash equivalent reserves to back their tokens, are safer from a liability perspective than the fractional reserve banks that would issue tokenized bank deposits, Malekan said.  Stablecoins are also composable, meaning they can be transferred across the crypto ecosystem and used in…

Basel Reportedly Aims for Friendlier Crypto Bank Guidelines

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Global banks may soon take a more favorable view of cryptocurrencies as the Basel Committee on Banking Supervision (BCBS) prepares to revise its landmark guidance on crypto exposure, according to a Bloomberg report published Friday. According to Bloomberg, citing sources familiar with the matter, the Basel Committee’s 2022 guidance on banks’ treatment of crypto will be updated next year to be more favorable. This follows the issuance of previous standards in 2022, with most banks interpreting them as a signal to avoid crypto altogether. Bloomberg’s sources said the Basel Committee…

Nordic Bank Nordea to Offer Bitcoin‑linked Synthetic ETP on Its Platforms

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Nordea will allow customers to trade a Coinshares‑manufactured bitcoin synthetic ETP on its platforms from December 2025. Nordea announced on October 30, 2025, that it will permit customers in the Nordics to trade an externally manufactured crypto‑linked product — a synthetic exchange‑traded product (ETP) with bitcoin as the underlying asset — produced by Coinshares International […] Original

Chainlink Brings Deutsche Bank And DWS’s EURAU Multichain

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AllUnity’s euro-backed stablecoin, EURAU — a joint venture between Deutsche Bank and asset manager DWS — is expanding across multiple blockchains by using Chainlink’s crosschain infrastructure. According to a Thursday announcement shared with Cointelegraph, EURAU will use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to connect with Ethereum, Arbitrum, Base, Optimism, Polygon and Solana. The company said it also plans to extend the stablecoin to the Canton Network, a blockchain focused on institutional financial applications. AllUnity CEO Alexander Höptner said the CCIP will allow EURAU to “operate seamlessly across multiple blockchains,” improving…

Major Nordic Bank Will Allow Customers to Access Bitcoin ETP

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Scandinavia’s largest bank, Nordea, has shifted its stance on crypto in the face of growing adoption and regulatory clarity, announcing its customers can access an external Bitcoin-linked exchange-traded product (ETP) in December.  The Bitcoin ETP, developed by digital asset investment firm CoinShares, holds Bitcoin (BTC) as its underlying asset, Nordea stated on Thursday.  The ETP will only be offered as an “execution-only offering, meaning that customers can buy this product, but Nordea does not offer advice on it,” the bank added. Nordea has over $286 billion in assets under management,…

Nordea bank to offer Bitcoin ETPs to customers

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Nordea, the largest bank in the Nordic region, plans to offer access to exchange-traded products tracking Bitcoin to its customers beginning December 2025. Summary Finland’s Nordea bank will allow its customers to buy Bitcoin ETPs as from December 2025. The highlights regulation and maturity of the sector as key to its decision. Asset manager CoinShares’ synthetic Bitcoin ETP will be the first on offer. Finland, Helsinki-based Nordea announced the move on Oct. 30, noting that the decision to provide clients access to the Bitcoin (BTC)-linked exchange-traded products comes amid a…

Central Bank of Brazil to advance plans for a Bitcoin reserve

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Brazil could be seeing a major shift in the country’s financial policy, as its central bank looks to discuss adding Bitcoin to its official reserves.  Summary Brazil’s central bank is preparing to discuss adding Bitcoin to its official reserves at the upcoming Central Banking Autumn Meetings in Rio de Janeiro. The initiative follows a $19 billion Bitcoin reserve proposal in Brazil’s legislature, positioning the country among a small group of nations exploring BTC as a sovereign asset. Globally, countries like Germany, the Philippines, and Pakistan are following the lead of…