US Excongressman Believes Regulators Let Banks Know Cryptocurrencies Are Toxic
Signature Bank was reportedly able to resolve their outflow of deposits by the time the New York state regulator had chosen to close the financial institution.
HSBC Takes Ove Silicon Valley Bank’s British Arm
HSBC has announced it has acquired the British “daughter” of Silicon Valley Bank for £1 ($1.21).
Banks Have Changed Their Attitude Towards Crypto Due to Regulators’ Pressure
Banks have stopped cooperating with crypto firms due to fears of reprisals from regulators.
The National Australia Bank is Developing its Own Stablecoin
Banking group National Australia Bank (NAB) has announced that it is currently developing a secured stablecoin AUDN.
Mexico Puts Off Launch of its National Digital Currency
The Central bank of Mexico, Banxico, has said that the development of the country’s CBDC is still in the initial phase and unlikely to meet its 2024 launch date.
US Regulators Warn Banks Against Risks of Working with Crypto
US regulators have warned the US banking sector against the risks associated with digital assets.
Turkey Wants to Complete the Tests of its CBDC in 2023
Turkey expects to complete trials of its digital currency by the end of the year.
