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NY Bank Pulls Out of Crypto After 2022 Turmoil

Banking Exchange

Pivot away from digital assets has been in the works since 2017, says Metropolitan Commercial’s CEO Risk Management Blockchain Bitcoin Cryptocurrency Feature Duties Feature3 Technology Digital.

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Banks Seek to Reassure After Crypto Turmoil

Banking Exchange

FTX filed for bankruptcy last week, but the OCC says US banks were largely unaffected Risk Management Technology Feature Feature3 Cryptocurrency Blockchain Bitcoin.

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Bitcoin Daily: IADB Tests Blockchain For Registering Land; Crypto Platform Bakkt To Team With Starbucks For Mobile Payments Pilot

PYMNTS

The organization, which is investing $600,000 in the project, is working with blockchain startup ChromaWay and Bolivian IT services company Jalasoft on the project in Bolivia, Peru and Paraguay, with plans to eventually test out the technology in other parts of South America.

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How a Digital Dollar Could ‘Reshape the Banking System

Banking Exchange

ABA warns of wide-ranging impacts of central bank digital currencies Risk Management Technology Feature3 Fintech Feature Financial Trends Blockchain Bitcoin Cryptocurrency.

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Central Bank Digital Currencies Could Threaten Financial Stability and Privacy

Banking Exchange

Academics argue that universal digital dollars could threaten financial stability and privacy Risk Management Technology People Feature3 Feature Financial Trends Blockchain Bitcoin Cryptocurrency.

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Bitcoin Daily: Singapore’s MAS Looks To Expand Regulation Of Digital Token Services

PYMNTS

And the actions on risk will help with the new, more comprehensive use of technology in peoples’ lives that has also come with more threat of risk, the release says.

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Fed Official Casts Doubt on Digital Dollar

Banking Exchange

Randal Quarles “skeptical” of the proposed benefits of a Federal Reserve-backed digital currency Risk Management Technology Payments Feature3 Feature Bitcoin Cryptocurrency Blockchain.