Russia Sets 2025 Deadline for Digital Ruble Adoption
The Bank of Russia has instructed financial institutions to prepare for the integration of the digital ruble into daily transactions. The Bank of Russia has issued a directive to all financial institutions, instructing them to prepare for the integration of the digital ruble. This approach aims to incorporate the digital form of the national currency […]
Coinbase-Linked Bank Breach Exposes Personal Info of 150+ Customers
A July 11th security breach at a Coinbase-linked bank exposed the sensitive personal information of over 150 customers. The sensitive personal information of over 150 of the exchange’s consumers was exposed due to a security breach at a bank linked to Coinbase earlier this month. According to a data breach notification posted on the Maine […]
ECB Gets New Powers From EU Over Climate, Crypto Bank Risks
The European Union is strengthening the role of the European Central Bank in supervising digital assets and climate risks inside the banking industry. This action is a result of the banking industry’s exposure to a wider range of risks, particularly those related to climate change and the developing field of digital assets. The ECB’s duties […]
FDIC Highlights Banking Risks From Crypto Activities
The FDIC assesses the possible effects and difficulties of incorporating crypto activities within the established US banking environment. In 2023, the FDIC looked at how cryptocurrency could affect the domestic banking system in its annual risk assessment. They’re in charge of deposit insurance and overseeing US financial institutions. The unstable 2022 for crypto influenced this. […]
Coinbase launches zero-fee local bank transfers in Singapore
Coinbase now offers free cash deposits and withdrawals using regional bank transfers for its Singaporean customers. Customers can now transfer money for free via Standard Chartered bank to and from their Coinbase accounts. As part of its worldwide development strategy, the cryptocurrency exchange Coinbase has made free fiat deposits and withdrawals available to its Singaporean […]