Tag: Bank

Iran’s Central Bank Used $507M in USDT to Bypass Sanctions, Elliptic Reports

Key Notes The Central Bank of Iran built a dollar-linked reserve using USDT on TRON and Ethereum to avoid traditional banking restrictions. Funds initially flowed through Nobitex exchange before shifting to cross-chain bridges following a major hack in June 2025. The strategy mirrors Venezuela’s approach to managing dollar scarcity while leaving auditable traces on public blockchains. Iran’s central bank used at least half a billion dollars in USDT to ease a currency crisis and work around sanctions-driven limits on dollar access, according to a new Elliptic report. The blockchain analytics…

Coinbase CEO Corrects France Central Bank Chief on Bitcoin Issuance at Davos

Key Notes Armstrong stated Bitcoin is more independent than central banks because no country, company, or individual controls the decentralized protocol. Villeroy de Galhau said he trusts central banks with democratic mandates more than what he termed private issuers of Bitcoin. The Coinbase CEO called competition between Bitcoin and fiat currencies the greatest accountability mechanism on deficit spending. Coinbase CEO Brian Armstrong pushed back against the Governor of the Bank of France during a World Economic Forum panel on January 21 after the central banker expressed skepticism about Bitcoin BTC…

Coinbase CEO And Central Bank Governor Clash Over Trust At WEF

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The long-running tension between central banks and Bitcoin resurfaced at the World Economic Forum in Davos, where senior executives and policymakers debated regulation versus innovation in digital finance. Trust in money must come from regulated public institutions rather than private crypto issuers, French central bank Governor François Villeroy de Galhau said during a panel titled “Is Tokenization the Future?” on Wednesday. “The guarantee for trust is independence on the central bank side,” Galhau said, adding: “I trust more independent central banks with a democratic mandate than private issuers of Bitcoin.”…

India Proposes Linking BRICS Central Bank Digital Currencies: Report

Key Notes According to two sources, India’s central bank wants BRICS nations to unify their CBDCs. The goal is to reduce reliance on the United States dollar. President Donald Trump has previously threatened tariff sanctions, a move that could be revived if this proposal passes. Two sources have reported that India has published a proposal for countries under the BRICS bloc to link their Central Bank Digital Currencies (CBDCs). The central bank of the Asian giant strongly believes that this move will facilitate cross-border trade and tourism payments. Ultimately, this…

Binance Australia Restores Direct Bank and PayID Transfers for User

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Crypto exchange Binance has reintroduced direct bank transfers in Australia two years after the exchange was abruptly “cut off” from the Australian banking system.  As of last Friday, Binance Australia has relaunched direct fiat bank and PayID deposits and withdrawals to its Australian users.  The rollout began with a small group of users last year, according to a statement on Monday shared with Cointelegraph.   Binance Australia and New Zealand general manager Matt Poblocki said limited fiat access has created friction for local users trying to participate in the digital asset…

Crypto Bank Anchorage Digital Eyeing $400M Raise and IPO

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Institutional crypto platform Anchorage Digital is looking to raise hundreds of millions of dollars of fresh capital as it eyes a potential Initial Public Offering. The raise would be in the $200 million to $400 million range, while a possible IPO is slated for sometime next year, according to a Bloomberg report on Friday, citing people familiar with the matter who asked to remain anonymous. Anchorage’s affiliate, Anchorage Digital Bank National Association, became the first federally chartered crypto bank in 2021 and is now well-positioned to lead stablecoin issuance and…

KBC Bank To Launch MiCA-Regulated Crypto Trading in Belgium

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KBC, one of Belgium’s largest banks, is set to roll out Bitcoin and Ether trading to retail investors next month via its own custodial solution and investment platform. From Feb. 16, KBC customers will be able to buy and sell crypto assets through the online investment platform Bolero, the bank announced Thursday. “This will enable self-directed investors in Belgium to invest in cryptocurrencies within a secure and fully regulated environment, a first in Belgium,” KBC said. Launched in compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA), KBC’s crypto…

DZ Bank Secures MiCA License for Regulated Crypto Services

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DZ Bank, one of Germany’s largest banking groups by assets, secured a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA), clearing a key regulatory hurdle to operate crypto services within the jurisdiction.  DZ Bank announced Wednesday that it had received approval from Germany’s Federal Financial Supervisory Authority (BaFin) to operate its crypto platform, “meinKrypto,” which is designed to provide crypto trading infrastructure to banks within Germany’s cooperative banking network. The platform will be made available to participating local banks in the coming months.  Under the model, DZ Bank…

Crypto-Friendly Bank to Go Public as Texas Company via SPAC

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The “digital-first“ bank created in 2022 is set to go public on the Nasdaq, subject to shareholder and regulatory approvals. Old Glory Bank, a crypto-friendly lender, said it will merge with Digital Asset Acquisition Corporation to form a Texas-based company listed on Nasdaq. In a Tuesday notice, Old Glory and special purpose acquisition company Digital Asset Acquisition Corporation said they plan to form OGB Financial Company as part of an effort to go public under the ticker symbol OGB. The deal is expected to close “at the end of the…

BNY Launches Tokenized Bank Deposits for Institutional Clients

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BNY, a financial services company that traces its roots back to one of the oldest financial institutions in the United States, launched tokenized bank deposits for its institutional clients on Friday. Tokenized bank deposits are onchain cash balances or depositor claims against a bank. BNY will issue the tokenized bank deposits on an in-house permissioned blockchain network, according to an announcement from the company. The differences between permissioned and permissionless blockchain networks. Source: Cointelegraph The onchain deposits will be used to support collateral and margin requirements, with additional functionality in…