The Bank Policy Institute believes crypto poses a risk to the financial system The Bank Policy Institute (BPI), a US trade group representing major banks, is reportedly considering legal action against the Office of the Comptroller of the Currency (OCC) over its crypto policies. BPI officials are concerned that granting crypto firms national trust bank
Bybit’s “MyBank” will be launched in partnership with licensed banks Bybit is making a major shift in direction as it looks to move beyond crypto trading and closer to full-scale banking. The Dubai-based exchange plans to introduce fiat accounts that allow users to hold and move traditional currencies like U.S. dollars alongside digital assets. The
River believes broader adoption is coming as pressure builds to keep up with changing client demand Bitcoin-focused financial services firm River says crypto is moving closer to the center of US banking. In a recent post on X, the company claimed that a majority of the largest banks in the country are now involved with
The federal government continues to take greater notice of crypto-linked financial institutions Customers Bank, a crypto-friendly financial institution based in Malvern, Pennsylvania, is taking steps to strengthen its Anti-Money Laundering (AML) measures following scrutiny from the US Federal Reserve. The Federal Reserve Board’s recent enforcement action highlighted deficiencies in the bank’s management and AML practices,
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