The Hedera Governing Council has welcomed Singapore’s oldest bank, DBS Bank, as its newest member, becoming the first Southeast Asian lender to join the worldwide Hyperledger organization.Read more
Jelena McWilliams, the chairperson of the Federal Deposit Insurance Corporation, or FDIC, has said the agency is working with other regulators in the United States to explore “under what circumstances banks can engage in activities involving crypto assets.Read more
The central bank of Spain is introducing new registration guidelines for local virtual currency service providers, or VASPs, including banking institutions.Read more
Major credit card company Mastercard has announced it is preparing to integrate cryptocurrencies into its loyalty program offerings for U.S.-based banks, merchants, and fintech firms on its payment network.
In an Oct.
Nigerian President Muhammadu Buhari is set to officially introduced the country’s central bank digital currency (CBDC), the eNaira.Read more
The central bank of France continues actively exploring a central bank digital currency (CBDC), completing a significant trial of a blockchain-based CBDC in the country’s debt market.Read more
The central bank of Russia is trying to evaluate the amount of Bitcoin (BTC) held by local investors amid a massive amount of money not returning to banks following the pandemic-fueled withdrawals.Read more
As a growing number of countries around the world face economic hardships amidst political turmoil, central banks find themselves with little to no power or resources. With federal entities unreliable many turn to digital currencies.Read more
U.S. Bank will make cryptocurrency custodial services available to investment managers, according to CNBC.
U.S. Bank is not the first major player to make such a move.
The decision would suggest that institutional interest in cryptocurrency is continuing to grow.
U.S. Bank, the fifth-largest retail bank in the United States, announced Tuesday that it is launching a cryptocurrency custody service for institutional investors, potentially setting the stage for wider mainstream acceptance of digital assets.
As CNBC reported, U.S.