Category: Banks
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OCC’s Brian Brooks thinks that DeFi can root out bias and fraud in traditional banking
Brooks is optimistic that regulators will find it easier to work with algorithms than with bankers.
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Bitcoin price climbs 20% overnight as US banks brace for 40% profit cut
Bitcoin made a swift 20% recovery from the weekend’s bloodbath, while American banks prepare to post major losses in their upcoming quarterly reports.
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Korea’s Shinhan Bank makes strategic investment in crypto custody consortium
South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit.
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Major South Korean Bank Shinhan Is Set to Offer Crypto Custody-Related Services
A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According to inews24, the bank announced the investment in the…
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States sue the OCC and Brian Brooks for overriding their controls on predatory lending
More state regulators are gunning for the OCC and Brian Brooks, this time over usury laws and predatory lending.
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OCC greenlights national banks to run nodes and stablecoin networks
The latest from the Treasury’s most crypto-forward office says that national banks don’t have to fear stablecoin nodes.
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The US has already lost the 2020 crypto regulation race to Europe
When it comes to crypto regulation, the United States is falling further behind more progressive and visionary nations.