The regulatory landscape for cryptocurrency is constantly evolving, and recent developments in the United States signal a significant shift in how banks can engage with digital assets. The Office of the Comptroller of the Currency (OCC) has promulgated new guidance. Consequently, banks have the ability to provide a wider range...
The winds are shifting, folks. For years, mainstream finance and the wild west of crypto have kept a skeptical eye on one another. It’s as bad an on-the-field rivalry as it gets, cats and dogs, rival poker players bad. But now, something's changing. And US regulators are loosening restrictions. They...
As FTX, Celsius, BlockFi and others have shown, the crypto landscape is changing dramatically, no longer revolving solely around Bitcoin’s price. Banks, those once unassailable behemoths of legacy finance, are making bigger forays into the digital asset space. You’d be forgiven for assuming that pursuing profits in a strengthening market...
On the home front, the US Office of the Comptroller of the Currency (OCC) has just removed significant barriers to bank engagement with crypto. If upheld, this decision will be a sea change in balancing traditional finance with the emerging world of digital assets. This action has been prompting banks...
Major banks in the European Union (EU) are delving into the stablecoin market. This increase in exploration is driven by the recent passing of the Markets in Crypto-Assets (MiCA) regulation, revolutionizing Europe’s financial environment. Societe Generale recently issued its own euro-backed stablecoin, the EUR CoinVertible. At the same time, Dutch...
