Banking Regulators Provide Guidance for U.S. Banks on Crypto Custody
U.S. banking regulators issued guidance for banks offering crypto custody services, emphasizing strict compliance, risk management, and secure key storage. Banks must assess technical readiness and monitor third-party vendors.
U.S. Banking Regulators Issue Crypto ‘Safekeeping’ Statement, Not Pushing New Policy
U.S. banking regulators clarified crypto safekeeping policies without introducing new rules, emphasizing key management, compliance, and risk controls for banks handling digital assets.
Kazakhstan wealth fund, gold, FX reserves to be invested in crypto — Report
Kazakhstan’s sovereign wealth fund considers crypto investments for national reserves, inspired by Norway and the US. The central bank plans aggressive strategies, including a national crypto asset reserve.
Crypto Week in US Congress: What to Expect From Key Bills
US Congress prepares for ‘Crypto Week’ with votes on three key bills: GENIUS Act for stablecoins, CLARITY Act for market structure, and Anti-CBDC Surveillance Act. The Tornado Cash trial also begins this week.
‘Rogue Politicians’ Using Crypto to Hide Proceeds of Corruption: Nigeria EFCC Chair – Decrypt
Nigeria’s EFCC chair accuses politicians of using crypto to hide corrupt wealth, citing rising fraud and lack of transparency. Experts acknowledge risks but note limited verifiable data on crypto’s role in political corruption.
US Crypto Week kicks off with ‘Dictator’ stablecoin amendment on the table
The US House of Representatives will vote on three crypto bills, including a controversial stablecoin amendment, before Congress recess.
‘If stablecoins take money…’ Does BoE Governor’s prediction hold weight?
Bank of England Governor Andrew Bailey cautions banks against acting as central bankers amid UK support for tokenized deposits, questioning stablecoins’ impact on monetary systems.
Ripple, Circle, BitGo Apply for Banking Licenses, Best Crypto to Buy Ahead of Financial Revolution
Ripple, Circle, and BitGo are applying for banking licenses amid US pro-crypto policies. The GENIUS Act aims to regulate stablecoins, boosting crypto legitimacy. Snorter Token ($SNORT) is highlighted as a promising investment.
Kazakhstan’s National Bank considers investing its national fund in digital assets
Kazakhstan’s National Bank considers adding crypto to its sovereign wealth reserves, studying global models. Plans include a state crypto reserve for seized assets and stricter exchange regulations.
Hungary Threatens 8 Years in Prison for Unauthorized Crypto Trading
Hungary has enacted strict laws imposing up to 8 years in prison for unauthorized crypto trading, targeting both individuals and unlicensed service providers, causing industry upheaval.
