Banking Regulation

Figure Technologies CEO Mike Cagney (courtesy of Figure Technologies)

Anchorage Digital stands alone as the only OCC-chartered crypto bank after other efforts have fizzled out or been withdrawn.

By Jesse Hamilton

Aug 3, 2023 at 8:50 p.m. UTC

Aug 3, 2023

RegulationsBankBanking RegulationLicensingOCCOffice of the Comptroller of the CurrencyFigure TechnologiesAnchorage Digital

Canada has unveiled new bank-capital plans for crypto (Pixabay)

Policy

Regulations

Canada Unveils New Bank Capital Rules for Crypto Holdings

New rules for banks and insurers are based on international norms, regulators said.

By Jack Schickler

Jul 26, 2023 at 2:58 p.m. UTC

Jul 26, 2023

RegulationsCanadaTradFiBanking Regulation

EU lawmakers agreed new rules for banks with crypto (Pixabay)

Policy

Regulations

EU Seals Deal on Crypto Bank-Capital Rules

Lawmakers have previously favored ‘prohibitive’ capital requirements to keep unbacked crypto assets out of the banking system

By Jack Schickler

Jun 27, 2023 at 6:46 a.m. UTC

Jun 27, 2023

RegulationsBanking RegulationTradFiEUBasel Committee

New EU rules could control banks' access to crypto (Leonhard Niederwimmer/ Pixabay

Policy

Regulations

EU Governments Friendly to Tough Crypto Bank-Capital Restrictions, Negotiator Says

The move could mean assets such as bitcoin (BTC) and ether (ETH) are given the maximum possible risk weight as part of a lengthy set of banking laws, which could be agreed as soon as next week.

By Jack Schickler

Jun 9, 2023 at 10:38 a.m. UTC

Jun 9, 2023

RegulationsEUBanking RegulationBasel Committee

The EU is set to agree new crypto tax laws (Ralph/Pixabay)

Policy

Regulations

EU Banks Could Access Stablecoins More Easily Under Leaked Plans

The European Commission's plans could moderate a push from Parliament to discourage crypto holdings as it debates new capital requirements for banks.

By Jack Schickler

May 23, 2023 at 3:59 p.m. UTC

May 23, 2023

RegulationsEUTradFiBanking RegulationEU CommissionStablecoins

Firms are subject to the whims of the bank account providers and end up dedicating resources to opening bank accounts. (Unsplash)

Policy

Analysis

Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong

Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications.

By Lavender Au

May 17, 2023 at 7:16 a.m. UTC

May 17, 2023

AnalysisPolicyHong KongHong Kong Monetary AuthorityBankingBanking Regulation

Policy

Regulations

Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms

Crypto companies have complained that opening bank accounts in the jurisdiction is difficult.

By Lavender Au

Apr 28, 2023 at 7:54 a.m. UTC

Apr 28, 2023

RegulationsHong Kong Monetary AuthorityHong KongBanking Regulation

Pablo Hernandez de Cos (right) with the King of Spain (Samuel de Roman/Getty Images)

Policy

Regulations

Crypto Banking Rules Could Be Modified if Market Reacts, Basel Committee Chair Says

Controversial rules unveiled last year would discourage banks from holding assets such as bitcoin that are deemed risky

By Jack Schickler

Mar 28, 2023 at 2:57 p.m. UTC

Mar 28, 2023

RegulationsBank for International SettlementsBankingBanking Regulationtraditional finance

Consensus Magazine

Opinion

The Reality Behind the Crypto Banking Crackdown: ‘Operation Choke Point 2.0’ Is Here

Banking enforcement targeting legal crypto businesses appears to violate the FDIC's mandate. It may also be amplifying financial contagion.

By David Z. Morris

Mar 22, 2023 at 5:23 p.m. UTC

Mar 22, 2023

OpinionFDICBanking RegulationOperation choke pointRegulation

Policy

Signature bank

Signature Bank’s Prospective Buyers Must Agree to Give Up All Crypto Business: Reuters

The Federal Deposit Insurance Corp. later denied Reuters' reporting.

By Cheyenne Ligon

Mar 16, 2023 at 4:43 a.m. UTC

Mar 16, 2023

Signature BankBanking Regulationcrypto bankingFDICUS