Tag: Bank

BitGo gets OCC nod to become national crypto trust bank

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Key Takeaways BitGo received conditional approval from the OCC to convert into a national trust bank. The charter will allow it to offer regulated crypto services without state-by-state licensing. Share this article Crypto custodian BitGo said Friday it has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to become a national trust bank. Once finalized, the conversion from its current South Dakota trust charter will allow BitGo to offer custody and regulated digital asset services nationwide without state-by-state approvals. The federal charter would also…

Michael Saylor teases potential bank meeting on Bitcoin

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Key Takeaways Michael Saylor hinted at a possible meeting with a bank about Bitcoin. No further details about the bank or meeting were disclosed. Share this article Michael Saylor hinted today that he met with a bank, possibly about Bitcoin. The Strategy executive chairman shared a photo taken from a high-rise office overlooking the city and told his 4.7 million X followers to “guess the bank.” Guess the ₿ank. pic.twitter.com/WIpzsS0P35 — Michael Saylor (@saylor) December 11, 2025 The photo prompted widespread speculation in the comments after Saylor said at Bitcoin…

Anchorage Digital to issue OSL’s USDGO stablecoin under U.S. federal bank charter

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Key Takeaways Anchorage Digital will issue OSL’s USDGO stablecoin under a U.S. federal bank charter. USDGO aims to provide compliant, multi-chain, and instant cross-border settlements fully backed by U.S. Treasuries. Share this article Anchorage Digital, the only federally chartered crypto bank in the U.S., will issue USDGO, a new dollar-backed stablecoin developed by OSL Group, Asia’s leading stablecoin platform. The partnership enables the issuance of fully regulated, multi-chain stablecoins under U.S. banking supervision. USDGO will launch with 1:1 backing in U.S. Treasuries, full AML/KYC compliance, and issuance support across blockchains.…

Norway Steps Back From CBDC Launch as Norges Bank Pauses Plans

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Norges Bank, the central bank of Norway, concluded that introducing a central bank digital currency (CBDC) is “not warranted at this time,” marking a clear signal that the country is reconsidering the urgency of retail and wholesale CBDCs. The central bank said Wednesday that Norway’s existing payment system already offers secure, efficient and low-cost transactions, reducing the need for a CBDC in the near term. Still, the bank remains open to launching a CBDC in the future.  “Norges Bank has concluded that introducing a central bank digital currency is currently…

US Treasury Department proposes major overhaul of bank AML oversight

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Key Takeaways Treasury Secretary Scott Bessent is pushing a plan to restructure how the US enforces anti–money laundering laws. The proposal aims to update a framework seen as outdated to better address modern financial crime risks. Share this article The Treasury Department has circulated a proposal that would centralize oversight of anti–money laundering enforcement under FinCEN, according to The Wall Street Journal. The proposal would overhaul the current framework, which Treasury officials view as outdated for addressing modern financial crime risks. The move follows complaints from banks that current rules…

Digital Bank GoTyme Launches Crypto Trading In Philippines

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Philippines digital bank GoTyme, which has 6.5 million customers, has rolled out crypto services in the Philippines following a partnership with US fintech firm Alpaca. A total of 11 crypto assets can now be bought and stored in GoTyme’s banking app via an auto conversion from the Philippine peso to USD, including Bitcoin (BTC), Ether (ETH), Solana (SOL), Polkadot (DOT) and a host of other altcoins. It is unclear if the firm will offer more sophisticated trading services in the future; however, the focus appears to be on simplicity and…

Chinese Bank Tokenizes $600M in Yuan-Backed Government Bonds

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Hua Xia Bank, a publicly traded financial institution linked to China’s government, issued 4.5 billion yuan ($600 million) in tokenized bonds on Wednesday, aiming to reduce clearing friction by removing intermediaries from the auction process. According to Sina, the onchain government bonds were issued by Hua Xia Financial Leasing, a subsidiary of Hua Xia Bank, a state-controlled commercial bank in China. The bonds offered a three-year fixed yield of 1.84% to holders. The $600 million bond tranche was auctioned off exclusively to holders of China’s digital renminbi, also known as…

Huaxia Bank issues 637M blockchain bonds settled in digital yuan

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Key Takeaways Huaxia Bank issued $637 million in blockchain-based bonds settled exclusively with digital yuan, China’s central bank digital currency (CBDC). This bond issuance demonstrates the practical use of blockchain technology in China’s regulated financial markets. Share this article Huaxia Bank, a major state-owned Chinese lender, issued $637 million in blockchain-based bonds settled exclusively in digital yuan. The issuance was carried out through Huaxia Financial Leasing, a subsidiary of Huaxia Bank. The digital yuan, operated by the People’s Bank of China, enables real-time, on-chain recording of the bond issuance process…

Bank Of America Endorses 1–4% Bitcoin Allocation

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More big-name financial institutions are opening the door to Bitcoin exposure, signaling a growing institutional appetite for regulated digital asset products. Bank of America, the second-largest US bank, reportedly recommended a 1%–4% cryptocurrency allocation to its wealth management clients through the Merrill, Bank of America Private Bank and Merrill Edge platforms, according to a statement shared with Yahoo Finance on Tuesday. “For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital assets could be appropriate,” said Chris…

South Africa Central Bank Finds No Urgent Need for CBDC

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The South African Reserve Bank says it doesn’t see a need for a central bank digital currency in the near term, instead saying the country should modernize its payments system. The South African central bank said in a paper released on Thursday that there was no “strong immediate need” for a retail CBDC, though deploying one was technically feasible. It said that existing initiatives, such as a program to modernize the payments system and expand non-bank participation in the national payment system, should remain the priority for now. “While the…