Tag: Bank

Next Crypto to Explode After France’s State Bank Announces $27M Spending on Local Crypto Firms

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bpifrance, a state-owned French bank, has announced that it will buy $27M worth of crypto. Unlike the likes of Japan, Hong Kong, and businesses like MicroStrategy, though, Bpifrance will…

FBI Reclaims $8M Lost in Crypto Scam That Crushed Kansas Bank

Millions were recovered after a Kansas bank collapse tied to a crypto scam wiped out small-town investors’ savings, leading to the state’s longest white-collar sentence. FBI Seizes Millions in Crypto Fraud Recovery After Kansas Bank Collapse The Federal Bureau of Investigation (FBI) shared details on March 26 of how it successfully reclaimed more than $8 […] Source CryptoX Portal

Deutsche Bank Macro Strategist: Trump’s Bitcoin Reserve Is ‘Nothing New’

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Marion Laboure, managing director and macro strategist at Deutsche Bank, stated that she viewed Trump’s bitcoin reserve move as nothing new, just a continuation of the crypto evolution that started last year. She also noted that many cryptocurrencies were destined to crash. Deutsche Bank Strategist Disregards Trump’s Admin Bitcoin Reserve: ‘Nothing New’ The policy pivot […] Original

FDIC moves to eradicate ‘reputational risk’ category from bank exams

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The US Federal Deposit Insurance Corporation, an independent agency of the federal government, is reportedly moving to stop using the “reputational risk” category as a way to supervise banks. According to a letter sent by the agency’s acting chairman, Travis Hill, to Rep. Dan Meuser on March 24, banking regulators should not use “reputational risk” to scrutinize firms. “While a bank’s reputation is critically important, most activities that could threaten a bank’s reputation do so through traditional risk channels (e.g., credit risk, market risk, etc.) that supervisors already focus on,”…

Swiss National Bank Says No to Bitcoin Reserve—No Plans to Buy Crypto Assets

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Switzerland’s central bank flatly rejected cryptocurrency for reserves, citing wild price swings, legal fragility, and software flaws as global momentum builds toward digital assets. No Crypto for Now: Swiss Central Bank Rebuffs Digital Assets in Reserve Strategy Swiss National Bank (SNB) Vice President Martin Schlegel clarified Thursday in Zurich that Switzerland’s central bank has no […] Original

Swiss Central Bank rejects Bitcoin for reserves, citing volatility: report

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Swiss National Bank Governor Martin Schlegel reaffirmed the central bank’s position against incorporating Bitcoin or other digital assets into its foreign exchange reserves.  Schlegel expressed concerns to Bloomberg regarding Bitcoin’s (BTC) high volatility, instability, and the regulatory challenges associated with cryptocurrencies. These factors were cited as the main reasons for his position.  He highlighted that the Swiss National Bank’s reserves are meant to support monetary policy, and he noted that digital assets do not align with this goal. This position is consistent with Schlegel’s earlier remarks. In a November 2024…

Czech central bank official skeptical on Bitcoin reserves amid legal, volatility concerns

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Bitcoin’s place in the Czech central bank’s reserves remains uncertain as a senior official flagged legal and volatility concerns. A debate over Bitcoin’s (BTC) place in Czech central bank reserves still lingers with board member Jan Kubicek voicing skepticism citing legal uncertainties and price swings. This comes even as the bank explores new asset classes, such as Bitcoin, as reported earlier this year by the FT. Jan Kubicek, a board member of the Czech National Bank, said on March 18 that while the bank is analyzing new asset classes he…

Bakkt stock tumbles nearly 30% after losing Bank of America and Webull

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Crypto firm Bakkt’s share price plummeted over 27% on March 18 after the company revealed that two of its largest clients, Bank of America and Webull, would not be renewing their commercial agreements. In a March 17 regulatory filing, Bakkt said it had received notice of Bank of America not renewing its commercial agreement when the deal expires on April 22. It also disclosed that the brokerage platform Webull had also decided not to renew its agreement when it ends on June 14.  Bank of America represented 17% of Bakkt’s…