Tag: Bank

3 Bank CEOs to Meet US Senators for Crypto Regulation Talks as Bitcoin Hangs at $90K

Key Notes Top banking executives convene with lawmakers amid ongoing debates over digital-asset custody and stablecoin supervision frameworks. Bitcoin trading volume surged 34 percent while open interest remained flat, signaling cautious positioning ahead of policy developments. Citigroup CEO Jane Fraser, Bank of America CEO Brian Moynihan and Wells Fargo CEO Charlie Scharf are scheduled to meet senators on Thursday for a closed-door discussion on crypto market structure legislation. News: A trio of big bank CEOs will meet with senators this week to discuss crypto market structure legislation. Citigroup CEO Jane…

French Bank BPCE Offers Direct Crypto Access for Millions of Clients

Key Notes BPCE will let 2 million clients buy BTC, ETH, SOL, and USDC directly through its apps starting December 8. Four regional banks begin the rollout, with full expansion across 29 banks planned for 2026. Launch aligns with France’s MiCA momentum as the country weighs a new “unproductive wealth” tax on crypto assets. BPCE, France’s €1 trillion banking giant and the country’s second-largest financial group, will allow customers to buy Bitcoin, Ethereum, Solana, and USDC directly inside its mobile banking apps beginning Monday, Dec. 8. The move, first reported…

Russia Steps Deeper Into Crypto As State Bank Prepares Direct Trading

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Korea’s Woori Bank Displaying Bitcoin Price in Its Trading Room

Key Notes Woori Bank makes a crucial statement by demonstrating Bitcoin prices in its Seoul dealing room. This marks further integration of TradFi and crypto and a significant advancement in the firm’s crypto push. Hana Financial Group and Dunamu signed an agreement to introduce blockchain technology to services such as overseas remittances. On Dec. 5, South Korean multinational financial institution Woori Bank announced that it had begun to display the prices of Bitcoin BTC $91 264 24h volatility: 2.3% Market cap: $1.82 T Vol. 24h: $44.61 B in its main…

Woori Bank adds Bitcoin price to Seoul trading room

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Bitcoin has joined Woori Bank’s main Seoul trading room dashboard, displayed alongside FX and stock indicators as Korea tightens crypto rules and eyes bank-led stablecoins. Summary Woori Bank now shows live Bitcoin prices in its primary dealing room, treating BTC as a key market sentiment gauge next to FX and equity data.​ Korean banks deepen crypto ties, with Hana partnering Upbit’s operator and policymakers pushing bank-controlled won stablecoin consortia.​ Regulators plan stricter travel rule thresholds and pre-emptive account freezes for suspicious crypto flows, aligning with FATF standards by 2026. Woori…

Ex-Signature Bank Executives Launch Blockchain Bank N3XT

A group of former executives from the collapsed crypto-friendly Signature Bank has launched a new blockchain-based, state-chartered bank called N3XT, with the goal of enabling instant 24-hour payments. N3XT said on Thursday that it aims to settle payments instantly at any time using a private blockchain and offers programmable payments through smart contracts. The company added that its systems have been designed for interoperability with stablecoins, utility tokens, and other digital assets. Signature Bank founder ​​Scott Shay founded N3XT, which will operate under a Wyoming Special Purpose Depository Institution (SPDI)…

Chinese Bank Tokenizes $600M in Yuan-Backed Government Bonds

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Hua Xia Bank, a publicly traded financial institution linked to China’s government, issued 4.5 billion yuan ($600 million) in tokenized bonds on Wednesday, aiming to reduce clearing friction by removing intermediaries from the auction process. According to Sina, the onchain government bonds were issued by Hua Xia Financial Leasing, a subsidiary of Hua Xia Bank, a state-controlled commercial bank in China. The bonds offered a three-year fixed yield of 1.84% to holders. The $600 million bond tranche was auctioned off exclusively to holders of China’s digital renminbi, also known as…

Bank of America Recommends 1-4% Crypto Portfolio Allocation

Key Notes Bank of America will begin coverage of four Bitcoin ETFs in 2026 as institutional interest grows. Crypto ETPs attracted $1.07 billion in final November week driven by US rate cut expectations. JPMorgan warns Bitcoin-Gold divergence signals increased market risk ahead of year-end volatility. Bank of America has advised its clients to allocate up to 4% of their portfolios in cryptocurrency, according to a Yahoo Finance report on Dec. 2. The guidance follows a turbulent November in which Bitcoin BTC $91 330 24h volatility: 6.8% Market cap: $1.82 T…

$300 Million Crypto Bet: Kazakhstan’s Central Bank Gears Up

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Kazakhstan’s central bank has signaled plans to place up to $300 million into crypto and crypto-linked assets, a move that would mark one of the clearest examples yet of a sovereign institution putting reserve money into this market. Based on reports, the funds would come from the country’s gold and foreign-exchange reserves rather than its social or oil wealth funds. Central Bank Moves Cautiously According to central bank briefings and market reporting, the investment will not be made all at once. Initial tranches could be modest — figures discussed publicly…

South Africa’s Central Bank Flags Crypto, Stablecoins as Financial Risk

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The South African Reserve Bank issued its second financial stability report for 2025, identifying digital assets and stablecoins as a new risk as the number of users in the country continues to grow. In a report released on Tuesday, South Africa’s central bank identified “crypto assets and stablecoins” as a new risk for technology-enabled financial innovation. The bank reported that the number of combined users on the country’s three largest crypto exchanges reached 7.8 million as of July, with about $1.5 billion held in custody at the end of 2024.…