Cointelegraph·
Minnesota-based banking institutions and credit unions will be authorized to provide digital asset custody services in a nonfiduciary capacity as of Aug. 1.
Read full articleMinnesota Gov. Tim Walz signed HF 3709 into law this past week, authorizing state-chartered banks and credit unions to hold bitcoin and other virtual currencies on behalf of customers. State-Chartered Banks in Minnesota Will Be Able to Custody Bitcoin Under New Law The legislation, now Chapter 93 of the 2026 Session Laws, takes effect Aug. […]
Standard Chartered will absorb Zodia Custody’s regulated crypto business and spin out Zodia Solutions, as big banks move to own core digital asset custody in-house.
The proposal could enhance credit unions' competitiveness in digital finance but may strain smaller institutions' resources and compliance capabilities. The post National Credit Union Administration proposes stablecoin issuer standards appeared first on Crypto Briefing.
The post What Is the XRP Domino Theory? Analyst Explains How XRP Could Benefit From a Crisis appeared on BitcoinEthereumNews.com. The post What Is the XRP Domino Theory? Analyst Explains How XRP Could Benefit From a Crisis appeared first on Coinpedia Fintech News Crypto analyst Jake Claver is again making bold predictions around XRP through what he calls the “Domino Theory.” In his latest video, Claver explained how a chain reaction involving oil prices, Japan, stablecoins, banks, and crypto markets could eventually trigger a major liquidity crisis, with XRP potentially becoming one of the biggest beneficiaries. Domino 1: Oil Shock and Global Tension According to Claver, the first domino starts with rising geopolitical tension involving Iran, Russia, China, and the Strait of Hormuz. He warned that any disruption to oil supply could push energy prices sharply higher and create fresh inflation pressure across global markets. Japan is one of the biggest concerns in this scenario because i
Major U.S. banks and financial institutions have increasingly prepared for a future in which tokenized assets become part of mainstream finance, even as industry participants expect adoption to begin gradually before accelerating rapidly at a later stage. According to a…
Armstrong said the bill is "closer than ever" to advancing in the US Congress after months of negotiations between the crypto industry and banks.
The post Banks Face A Two-Front War: Inflation And Rising Defaults appeared on BitcoinEthereumNews.com. Rising inflation and consumer delinquencies means dark clouds ahead for Wall Street getty For much of the past year, investors and bank regulators hoped the U.S. banking system was moving beyond the regional banking turmoil of 2023. Most banks remained profitable, liquidity conditions improved, and fears of a broader financial crisis faded. However, rising inflation and stubborn producer costs are beginning to raise concerns across the financial industry. Also of concern is that the Federal Reserve Bank of New York’s latest household debt data show rising delinquencies in several consumer credit categories, including student loans, credit cards, and auto loans. Individually, none of these developments necessarily signal a banking crisis. However, together they could create significant challenges for bank profitability, capital, and investor confidence. These trends could especially c
Increased scrutiny on crypto transactions may lead to tighter regulations, impacting financial institutions' compliance and operational costs. The post US government alerts banks to IRGC sanctions evasion tactics involving crypto infrastructure appeared first on Crypto Briefing.
