News Topic: Cryptocurrencies

The company wants to join in on the rush to develop stablecoins and central bank digital currencies, in part to show that it can still be a player in cutting-edge technologies after its merger deal with Plaid fell through. ... Read full article

The most likely picks for comptroller of the currency have pushed tech-driven approaches to financial inclusion and anti-money-laundering, and would bring new perspective to regulating cryptocurrencies. ... Read full article

Bitcoin is inherently risky and only central banks should issue digital currencies, according to the Bank for International Settlements. ... Read full article

The 46th president's agenda for financial regulation is already moving ahead, based on the people he's chosen to put in key roles. ... Read full article

A co-founder of Anchorage Trust Co. said its digital bank, which will not take insured deposits, will enable the company to strengthen partnerships with financial institutions that offer custody services for clients’ cryptocurrency assets. ... Read full article

The digital currency and related distributed-ledger technologies could "enhance the efficiency, effectiveness and stability of the provision of payments," according to an interpretive letter issued by the Office of the Comptroller of the ... Read full article

Silvergate and Avanti are among the banks pioneering the incorporation of smart contracts, cryptocurrencies and other cutting-edge instruments into mainstream financial services. ... Read full article

The Securities and Exchange Commission last week accused Ripple of breaking securities laws, raising questions about the future of banks' ties with the company. ... Read full article

The company did not disclose the nature of the suit, but CEO Brad Garlinghouse has long disputed the Securities and Exchange Commission's claim that XRP is a security, not a currency. ... Read full article

They're among a handful of companies willing to hold clients' digital assets for safekeeping. Many of their peers balk at the reputational and financial risks. ... Read full article

A co-founder of a cryptocurrency firm was sentenced to a year in prison after pleading guilty to tricking investors out of more than $25 million in an investment scam promoted with the help of celebrities including Floyd Mayweather and the musician DJ ... Read full article

The community bank and fintech are offering the first live bank account and debit card that offer rewards in the form of bitcoin. ... Read full article

BitPay and Paxos are only the latest digital currency companies to pursue a national charter from the Office of the Comptroller of the Currency. ... Read full article

The new service from the Boston-based asset manager comes at a time of soaring price increases for the world's most valuable digital asset. ... Read full article

Sells, American Banker's Digital Banker of the Year for 2020, says he will help the New York fintech startup create digital currency products for banks. ... Read full article

PayPal isn’t the first company to open its platform to cryptocurrencies, but its technique is more hands-on than most payment providers. ... Read full article

National banks just got the OCC's go-ahead this summer to hold and transfer digital assets like bitcoin for customers, but the Paris-based bank has already vetted the technology needed to do the job. ... Read full article

In July, the OCC issued a letter clarifying that federally chartered banks can store cryptocurrency assets for their clients. A recent global survey finds that many are wary of the risks. ... Read full article