Tag: Bank

South Africa’s Central Bank Flags Crypto, Stablecoins as Financial Risk

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The South African Reserve Bank issued its second financial stability report for 2025, identifying digital assets and stablecoins as a new risk as the number of users in the country continues to grow. In a report released on Tuesday, South Africa’s central bank identified “crypto assets and stablecoins” as a new risk for technology-enabled financial innovation. The bank reported that the number of combined users on the country’s three largest crypto exchanges reached 7.8 million as of July, with about $1.5 billion held in custody at the end of 2024.…

South Korea Stablecoin Stalls As BOK Pushes Bank Control

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South Korea is likely to end the year without a framework for locally issued stablecoins, amid ongoing disputes over the role of banks in stablecoin issuance. The country’s central bank, the Bank of Korea (BOK), and other financial regulators have clashed over the extent of banks’ involvement in issuing Korean won-backed stablecoins, delaying a framework widely expected to arrive in late 2025, the Korea JoongAng Daily reported Tuesday. According to the BOK, a consortium of banks should own at least 51% of any stablecoin issuer seeking regulatory approval in South…

LevelField Financial Receives Approval to Buy Chicago Bank

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Digital asset-focused fintech firm LevelField Financial said it has secured conditional regulatory approval to acquire Chicago-based Burling Bank, marking one of the most notable crypto-banking acquisitions in recent months. The move could see LevelField become the first Federal Deposit Insurance Corporation-insured chartered bank to offer certain crypto-integrated banking services across all US states and territories, LevelField said in a statement on Monday. Details of the deal weren’t disclosed. The approval from the Illinois Department of Financial and Professional Regulation puts Burling Bank one step closer to being renamed LevelField Bank.…

Bank of England Still ‘Disproportionately Cautious’ on Stablecoins

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The UK’s central bank, the Bank of England (BOE), has released a proposed regulatory regime for stablecoins. The consultation paper took into account the perspectives of the crypto industry, but some observers say it remains restrictive. BOE released the document on Nov. 10 — some two years after it announced the initial discussion paper. The original offered a vision for crypto that many in the industry claimed would doom the UK’s digital asset space. The BOE said that it received comments and feedback from a broad range of 46 different…

Czech National Bank Buys $1M BTC, Crypto to Test Crypto Reserve

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The Czech National Bank (CNB), the central bank of the Czech Republic, announced on Thursday the purchase of cryptocurrencies worth $1 million for the first time to test a digital asset reserve and gain “practical experience” in handling digital assets. CNB’s reserves will include Bitcoin (BTC), one US dollar-pegged stablecoin and one tokenized bank deposit, according to the announcement. The bank said that while the test is intended to study crypto and prepare the bank for international adoption to remain globally competitive, it is not planning to adopt a digital…

Czech Central Bank acquires $1M in Bitcoin, stablecoin, and tokenised deposit

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Key Takeaways The Czech National Bank purchased digital assets for the first time, creating a $1 million blockchain-based test portfolio outside its international reserves. The goal is to gain practical experience with Bitcoin and digital tokens, while testing custody, settlement, security, and AML processes. Share this article The Czech National Bank, the national monetary authority of the Czech Republic, acquired $1 million in digital assets, including Bitcoin, a USD stablecoin, and a tokenised deposit, as part of a test portfolio held outside of its international reserves. The acquisition positions the…

Singapore’s largest bank DBS, JPMorgan team up to enable real-time tokenised transfers across chains

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Key Takeaways DBS and JPMorgan have collaborated on a framework enabling interoperability for tokenized deposits. The collaboration aims for real-time interbank transfers of tokenized deposits across multiple blockchains. Share this article DBS, Singapore’s largest retail and commercial bank, has partnered with Kinexys by JPMorgan to develop an interoperability framework for tokenized deposits, which are blockchain-based digital representations of bank deposits that facilitate instant settlements. The collaboration with JPMorgan’s Kinexys division aims to create a framework enabling real-time interbank tokenized deposit transfers across multiple blockchains. Last month, DBS and Goldman Sachs…

Bank Of England Sets 2026 Timeline For Final Stablecoin Rules

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The United Kingdom’s central bank is moving toward stablecoin regulation by publishing a consultation paper proposing a regulatory framework for the asset class. The Bank of England (BoE) on Monday released a proposed regulatory regime for sterling-denominated “systemic stablecoins,” or tokens it said are widely used in payments and therefore potentially pose risks to the UK financial stability. Under the proposal, the central bank would require stablecoin issuers to back at least 40% of their liabilities with unremunerated deposits at the BoE, while allowing up to 60% in short-term UK…

Coinbase Europe Limited settles with Central Bank of Ireland, agrees to €21.5M fine

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Key Takeaways Coinbase Europe Limited agreed to a €21.5 million fine to settle regulatory violations with the Central Bank of Ireland. The violations relate to failures in transaction monitoring for anti-money laundering (AML) and counter-terrorism financing (CTF) over several years. Share this article Coinbase Europe Limited, a crypto exchange operator, has agreed to pay a €21.5 million fine to settle regulatory violations with the Central Bank of Ireland. The settlement addresses the exchange’s failure to meet transaction monitoring obligations under anti-money laundering and counter-terrorism financing laws between 2021 and 2025.…

Bank of England keeps interest rate steady at 4% in November

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Key Takeaways The Bank of England kept the base interest rate unchanged at 4%. The Monetary Policy Committee is maintaining a cautious and measured approach to monetary policy decisions. Share this article The Bank of England decided to keep its base interest rate unchanged at 4% today, maintaining its cautious monetary policy stance amid evolving economic conditions. The Monetary Policy Committee emphasized a measured approach to rate changes, weighing recent budget details against inflation improvements across the UK economy. Market analysts remain divided on the likelihood of near-term rate adjustments,…