Crypto and banks clashed over stablecoin rewards, with no agreement reached ahead of the March 1 deadline. Banks and crypto executives met again at the White House this week to settle a dispute over stablecoin rewards, but the talks ended without agreement ahead of a March 1 deadline set by the administration. The standoff centers […]
Banks Take Hard Line on Stablecoin Yields as White House Talks Stall Read More »
The American Bankers Association placed stablecoin yield restrictions atop its 2026 priorities as banks warn of deposit flight, while crypto firms led by Coinbase and Circle oppose expanded limitations during stalled Senate negotiations. The post Banks Make Killing Stablecoin Yields Their Top 2026 Priority appeared first on Cryptonews…
Banks Make Killing Stablecoin Yields Their Top 2026 Priority Read More »
Banks in the United States are lobbying to change new stablecoin regulations under the GENIUS Act, fearing massive deposit outflows as crypto exchanges gain a competitive advantage in offering yield to customers. The legislation, which passed in July, prohibits stablecoin issuers, which could include banks, from paying interest directly to customers. However, crypto exchanges that
US Banks Demand Stablecoin Yield Ban While Paying Depositors Nearly Nothing Read More »
Adin Ross and Richard “FaZe Banks” Bengtson have revealed their intention to create a cryptocurrency-driven Grand Theft Auto 6 (GTA 6) server. The duo, both highly influential in the gaming and streaming communities, announced their plans during a livestream, highlighting their goal of integrating a custom digital token into the game’s economy. Rockstar’s Policies Could
Adin Ross and FaZe Banks Plan Crypto-Powered GTA 6 Server Read More »
The interest in spot Bitcoin ETFs among financial institutions such as banks and brokerages is surging as they push for the Securities and Exchange Commission (SEC) to change the definition of crypto assets. Under the new definition, they would have a bigger role in crypto, such as being Bitcoin ETF custodians. Banks Petition SEC for
Big Banks Show FOMO and Seek a Slice of the Bitcoin ETF Action Read More »
Source: dmitriy/Adobe Hong Kong’s government says more banks based in the country are preparing to join Mainland China’s digital yuan pilot. Mainland China’s central bank, the People’s Bank of China (PBoC), wants to expand its CBDC’s cross-border applications. And it seemingly wants even more overseas banks to join the pilot, as it focuses on international
More Hong Kong Banks Set to Join Digital Yuan Pilot, Gov’t Confirms Read More »
Source: AdobeStock China’s e-CNY pilot program is gaining significant attention as three additional banks join the initiative. Reports from local news outlets reveal that Hong Kong-based HSBC Bank, Hang Seng Bank, and Taiwan’s Fubon Bank are already providing access to the Asian giant’s e-CNY central bank digital currency (CBDC) project. This follows the earlier announcement
More Apex Banks Jump on e-CNY Pilot Trial Program – The Rise of Global CBDC Issuance? Read More »
More Russian Banks Say They’ll Join Digital Ruble Pilot – CBDC Advances? Source: Vladimir/Adobe More Russian banks will join the digital ruble pilot, with Center-invest Bank, which mainly operates in the nation’s south, set to trial the CBDC next year. Per Rostov Gazeta, Center-invest Bank has “signed a digital ruble [partnership] agreement with the [CBDC’s]
More Russian Banks Say They’ll Join Digital Ruble Pilot – CBDC Advances? Read More »
Rise in Chinese Banks Issuing Digital Yuan Corporate Loans Source: Vitalii/Adobe More Chinese banks are issuing loans in the digital yuan, the nation’s central bank digital currency (CBDC), as e-CNY corporate financing options diversify. Per Nanhai Net (via Hainan News), the latest development has taken place on the island province of Hainan, in the city
Rise in Chinese Banks Issuing Digital Yuan Corporate Loans Read More »
