SEC Revokes SAB 121, Allows Banks to Custody Bitcoin
The SEC announced Staff Accounting Bulletin (SAB) No. 122, canceling the previous guidance under SAB 121, which discouraged banks from holding Bitcoin in custody. This...
Tag : Banks
Taiwan to Unveil Draft Bill Allowing Banks to Issue Stablecoins
The Taiwanese financial regulator plans to unveil a draft bill for virtual asset service providers (VASPs) in June, which includes a proposal allowing banks to...
Hong Kong launches initiative to help banks with DLT adoption
The initiative will initially focus on tokenized deposits with the HKMA providing support to local banks for trials. Source link...
Kyrgyzstan Takes Bold Steps Toward Integrating Crypto With Licensed Crypto Banks
“Given the rapid development of digital technologies and cryptocurrencies, the creation of a crypto bank is an urgent necessity for the integration of crypto assets...
‘Banks should build on public blockchains’ – Nick Ducoff, Head of Institutional Growth at Solana Foundation
Nick Ducoff recently expressed his views on banks and public blockchain technology on X (formerly Twitter). In his post, Ducoff advocated for banks to build...