Ripple RLUSD Integrates Into Banking
Cross River Bank integrates Ripple’s RLUSD stablecoin and XRP Ledger into its banking system, simplifying international payments for fintechs, but services are limited to some U.S. states. #Update #Crypto $XRP
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Binance CEO Targets Bank of America $1.21B Fine
Bank of America fined $1.21B for AML violations, but no executives face charges, drawing criticism from Binance’s CZ and others. #Breaking #Legal
Bitcoin Trading Launches for UAE Elite
Standard Chartered partners with Zodia Markets to offer bitcoin and ether trading to affluent UAE clients, approved by Dubai’s VARA. Clients trade directly via bank accounts. #Update #Crypto $BTC
OCC Exposes Debanking at 9 US Banks
The OCC’s investigation reveals America’s nine largest banks, including @JPMorgan, maintained policies restricting services based on political beliefs and lawful activities. #Breaking #Legal
Kraken Acquires European Bank for Expansion
Payward, Kraken’s parent, agrees to acquire Saldo Bank’s Finnish parent for EU banking license access, closing expected in 2027 pending regulatory approval. #Update #Finance
BNY Launches 24/7 Dollar Settlements in Singapore
Singapore Gulf Bank adopts @BNYMellon’s 24/7 USD settlement, challenging stablecoins’ edge on always-on transactions. This move could reshape traditional banking’s competitive landscape. #Update #Banking
Stablecoin Rules: 26 New Reporting Fields
The National Credit Union Administration proposes 26 new stablecoin reporting fields for credit unions, aiming for a March 2027 implementation. Comments are due by December 8. #Update #Regulation
Standard Chartered Launches Crypto Custody Singapore
Standard Chartered plans to launch crypto custody in Singapore by 2026, targeting institutional clients but pending regulatory approval and asset selection. #Update #Crypto
Bitcoin Mining to Banking Bhutan Targets Abu Dhabi
DK Bank receives preliminary approval to establish a presence in Abu Dhabi, enhancing Bhutan’s financial connectivity and attracting foreign investment into Gelephu Mindfulness City. #Update #Crypto $BTC
Solana Partners with JPMorgan for Atomic Settlement
@Solana launches DvP tool for instant asset swaps, with input from @JPMorgan managing $5.1T. Aims to reduce settlement risk in TradFi. #Update #Crypto $SOL
Bitcoin Trading Launches at Czechia Bank
Partners Banka integrates bitcoin trading in its app, becoming the first Czech bank to offer crypto services via MiCA-compliant infrastructure. CEO advises keeping bitcoin under 5% of portfolios. #Update #Crypto $BTC
Bitcoin Bankers Sue Over Crypto Charters
The Independent Community Bankers of America sues the OCC over non-fiduciary trust bank charters issued to crypto firms like @Coinbase and @Circle, potentially impacting their federal operations. #Breaking #Legal
Coinbase Scandal Banker Diverts $932K
A federal grand jury indicted Mercedes Henry for allegedly stealing $931,500 from Ameris Bank customers by linking their accounts to @Coinbase accounts controlled by co-conspirators. #Breaking #Legal
Bitcoin: Moonpay Partners Korean Banks for Stablecoin
Moonpay Korea launches with Kakaobank, Woori Bank, and KB Financial Group to expedite international remittances and explore stablecoin payments. #Update #Fintech