UAE Central Bank Gives Nod to Stablecoin Issuer
The Central Bank of the United Arab Emirates (CBUAE) has granted in-principle approval to AED Stablecoin, paving the way for its launch as a regulated dirham-pegged…
Browsing Tag
Bank
Basel Committee Cracks Down: Banks Face New Crypto Rules
The recent Basel Committee meeting (July 2-3) focused on key policy decisions related to banks' exposure to crypto assets. These decisions are part of the ongoing…
El Salvador Considers Proposal for Bitcoin-Friendly Banks
El Salvador Eyes Bitcoin-Friendly Banks: A Potential Hub for Crypto Investment?El Salvador's president, Nayib Bukele, a vocal advocate for Bitcoin, has proposed…
Crypto Bank FlowBank Shuttered by Swiss Regulator
Swiss Crypto-Friendly Bank FlowBank Fails to Meet Capital Requirements, Forced into BankruptcyFlowBank, a Swiss online bank known for its cryptocurrency trading…
Customers Struggling Financially as US Bank Blocks Fund Access and Freezes Accounts
Green Dot Bank Customers Struggle to Access Funds, Leading to Frustration and Financial StrainCustomers of a prominent billion-dollar US bank, Green Dot Bank,…
Banking Giant Faces $1.435 Billion US Demand Amid Alleged Fraud and Great Financial Crisis…
UBS Faces Significant Penalty from US Department of Justice for its Role in the 2008 Financial CrisisIn a significant turn of events, UBS, one of the prominent…
User Adoption and Education: Overcoming Challenges to Embrace Central Bank Digital…
The rise of digital currencies has sparked a revolution in the financial world. Among these groundbreaking innovations, Central Bank Digital Currencies (CBDCs) have…
US Government Investigates Billion-Dollar Bank for Alleged Record Keeping Rule Violations
BNP Paribas Faces US Regulatory Probe Over Employee Messaging ViolationsEuropean lending giant BNP Paribas finds itself in the midst of negotiations with US…
Trillion-Dollar Bank Pays $268.5M Fine for Risk Management Issues at Subsidiary
Global banking giant UBS has been penalized with a substantial fine of over a quarter billion dollars due to misconduct at its newly-acquired subsidiary, Credit…
JPMorgan Chase Loses $75B in Institutional Deposits Due to High Yield Demands: Report
A recent report reveals a substantial exodus of institutional cash from JPMorgan Chase as investors seek higher yields. During the second quarter of 2023, the…