Crypto Breakthrough: Fed Removes Key Banking Barrier—Details
The US Federal Reserve said on April 24 that it has lifted requirements that banks provide advance notice before getting involved in cryptocurrency businesses. This is a full about-face from the cautious policy regulators had taken previously with digital assets. Banks can now engage in crypto and stablecoin businesses without needing special authorization, although they […]
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Ruya, a digital bank based in the United Arab Emirates, has started offering Bitcoin and other cryptocurrency investments through its mobile app. This move makes Ruya the first Islamic bank in the world to allow direct crypto asset purchases while staying true to Islamic finance rules. Related Reading: Crypto Breakthrough: Fed Removes Key Banking Barrier—Details […]
From its advent, the breakthrough of cryptocurrency that has aided its adoption is the decentralized characteristic. This removes the control of crypto activities from the influence of third parties, unlike what is obtainable in the centralized space. One of the recent measures that enforce decentralization is digital ledger technology. It involves using technological protocols that […]
The FinTech Breakthrough Awards recognize innovators in the emerging field of financial technology. Four awards were handed out in the cryptocurrency category. Celsius Network, a digital asset lending platform, has been awarded “best cryptocurrency wallet” at the fifth-annual FinTech Breakthrough Awards — a yearly event that recognizes emerging companies at the intersection of finance and technology. James Johnson, managing director of FinTech Breakthrough, described Celsius as being on a “worthy mission” to provide people with “better opportunities to gain financial freedom.” He....
The future of the CLARITY Act — widely referred to as the crypto market structure bill — remains uncertain after the March 1 deadline set by the White House passed without the expected breakthrough between the banking industry and crypto representatives. Key Hurdle In Crypto Bill Negotiations Despite concerns that talks may be stalling, reporting […]
A marketing firm co-founded by former White House crypto adviser Bo Hines received $3 million from a political action committee run by associates of stablecoin giant Tether — money that flowed from the same PAC now disclosing millions in donations from two major financial institutions. Related Reading: Crypto Breakthrough: Pakistan Ends Banking Ban For Licensed […]