Banking

As part of last week’s FinCEN settlement, TD Bank allegedly failed to report transactions related to crypto to relevant law enforcement agencies

Institutions to test out the settlement of “digital assets and currencies” on a network that annually carries more than 5 billion financial messages

Plus, a look back at some of the SEC’s biggest enforcement moves under Gurbir Grewal

Spain-based Banco Bilbao Vizcaya Argentaria has been working in the new Visa Tokenized Asset Platform sandbox

Crypto advocacy group’s policy counsel notes the “coordinated attempt to choke off the digital asset industry’s access to the traditional banking system”

There’s a misunderstanding that TradFi players don’t want to transact in bitcoin, says Cantor Fitzgerald’s Howard Lutnick

“OpenFi” aims to unbundle to take the “account” out of bank account

Crypto products don’t fit in “a well-balanced, long-term investment portfolio,” Vanguard reiterates ahead of potential ether fund launches

CoinFund, EDX Clearing and Nonco are among the first users of the offering

But Goldman’s Mathew McDermott says the bank wants to see public blockchains “mature” before expanding in that arena

The end of the Federal Reserve’s Bank Term Funding Program is set to come after the launch of bitcoin ETFs and before the bitcoin halving

The Federal Reserve announced the enforcement action back in August

Under the standards, stablecoins would be sorted into two buckets: Group 1b and Group 2

The “property-rights-respecting” service seeks to minimize risks via segregated accounts, according to Custodia CEO Caitlin Long

The new rules would oblige banks in member nations to publicly share their involvement in crypto assets and the financial requirements imposed by holdings

The key barrier to more stablecoin adoption is the user interface, not the value proposition, says Carrica

The summary report was published on Sept. 27 and includes the Fed’s recommendations on how to avoid a similar situation in the future

Crypto firms are also not allowed to describe products as “deposits”

It’s a strange situation to be in where the banks are more bullish than the degens

Mumtaz insists Visa’s recent expansion of stablecoin settlements to Solana is good for all of crypto

This year, the FDIC’s annual risk review includes a section on crypto

SoFi pointed to potential key risks to its crypto business model if proposed SEC rules go into effect

Fed’s new rules and supervisory group have some industry members giddy while others fear the worst

Israel’s Bank Hapoalim initially denied Freeman, a 40-year customer, the ability to deposit $273,000 in profit realized from a bitcoin investment made in 2013