More than 15 crypto firms are storming the gates for banking licenses as U.S. regulators ease restrictions, opening direct access to federal payment systems and legitimacy. Banking Regulators Ease Rules, Trigger Rush From 15+ Crypto Firms More than a dozen crypto firms are reportedly applying for banking licenses with the Office of the Comptroller of […] Source CryptoX Portal
KakaoBank, a South Korean digital bank serving over 22 million users, is teaming up with Coinone to offer a new crypto price tracking feature. KakaoBank, South Korea‘s mobile banking application with dozens of millions of users, has expanded its services by launching a new crypto price inquiry tool, developed in collaboration with Korean crypto exchange Coinone. According to a Chosun Biz report on Tuesday, KakaoBank’s customers can now track real-time prices of such cryptocurrencies as Bitcoin (BTC) and Ethereum (ETH) directly within the KakaoBank app. A spokesperson for KakaoBank explained…
U.S. digital asset firms are reportedly considering applying for bank charters and licenses, encouraged by the Trump administration’s more favorable stance towards the crypto industry. Trump Policies Spur Crypto Firms’ Banking Industry Interest Several U.S. digital asset firms are considering applying for bank charters and licenses, according to a Wall Street Journal report citing anonymous […] Source CryptoX Portal
Key Notes The Bank of Korea plans to actively contribute to stablecoin regulation discussions in South Korea. The central bank raised concerns that stablecoins could disrupt monetary policies if used as a payment method. South Korea is set to draft a new crypto law in 2025, including stricter guidelines for stablecoins. The Bank of Korea has announced its intention to take a proactive role in shaping the government’s regulations on crypto usage in the country. In its “2024 Payment and Settlement Report,” the bank plans to provide input on stablecoin…
The latest report from the European Central Bank predicts that the digital euro will replace a portion of the banknotes in circulation, fundamentally reshaping how Europeans use money. Bank deposits will also be impacted. Digital Euro to Reshape How Europeans Use Banknotes and Bank Deposits While the digital euro, the project that seeks to implement […] Source CryptoX Portal
A $750,000 crypto fraud lawsuit just hit a wall as the court ruled Santander had zero legal duty to stop authorized transactions, despite scam claims. Court Shuts Down $750K Crypto Lawsuit Against Santander Over Fraud Losses The Massachusetts Appeals Court, in an unpublished decision, affirmed on April 18 the dismissal of a lawsuit brought by […] Source CryptoX Portal
Peter Schiff warns the U.S. economy is unraveling fast, with soaring debt, rising inflation, and systemic banking risks pointing to a recession worse than the Great Depression. Peter Schiff Warns US Headed for Recession Deeper Than the Great Depression Economist and gold advocate Peter Schiff issued a dire warning on April 18 during an interview […] Source CryptoX Portal
Gibraltar-based Xapo Bank, a digital asset-friendly regulated bank, has announced that Bitcoin trading volume reached record highs in the first quarter of 2025, marking a 14.2% increase compared to the previous quarter. The surge in trading activity is attributed to strong Euro and USDC deposits, as bitcoin prices experienced a dip below $100,000 during February. […] Original
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, Itau reveals it is considering launching its own stablecoin, Brazil bans retirement funds from investing in crypto, and also champions local currency payments as a BRICS member. Largest Bank in […] Source CryptoX Portal
While some policymakers have described Bitcoin as a store of value, its recent price action seems to suggest it’s being treated more like a high-beta tech stock. Despite numerous opinion leaders, including Federal Reserve Chair Jerome Powell, describing Bitcoin (BTC) as a safe haven asset and a potential alternative to gold, its recent price behavior has led some to compare it to tech stocks, analysts at Swiss crypto bank Sygnum suggested in a recent market outlook report. However, Bitcoin’s price is primarily driven by its perception as a store-of-value asset,…