Bank Archives - BTC USA

A digital representation of Ethereum transactions highlighting the Bybit hack and THORChain laundering.

Czech Central Bank Eyes Holding Up to 5% of Reserves in Bitcoin

January 29, 2025 Dan K

Czech National Bank Governor Aleš Michl plans to propose allocating up to 5% of the bank’s reserves to Bitcoin, a first for a Western central bank.

Philippine banks collaborating to launch PHPX stablecoin on Hedera blockchain for cross-border remittances and financial inclusion.

Philippine Banks Collaborate to Launch PHPX Stablecoin on Hedera

January 10, 2025 Dan K

Philippine banks are launching PHPX stablecoin on Hedera for real-time remittances, aiming to streamline cross-border payments and boost financial inclusion.

Upbit crypto exchange being investigated by South Korea’s Financial Services Commission over market monopoly concerns.

FSC to Launch Investigation into South Korea’s Largest Crypto Exchange Upbit

October 10, 2024 Dan K

South Korea’s FSC is probing Upbit for market dominance and ties with K Bank, amid concerns of risks tied to the crypto exchange’s large market share.

Bank of England building with a focus on financial risks from private settlement assets like stablecoins.

Bank of England Executive Warns of Stability Risks From Shift to Private Settlement Assets

October 2, 2024 Dan K

BoE warns that shifting settlements to private assets like stablecoins, without modernizing central bank money, could threaten financial stability.

Basel Committee Approves Crypto Disclosure Framework for Banks

Global Banking Regulators Approve Framework for Banks to Disclose Crypto Exposure

July 4, 2024 Dan K

The Basel Committee on Banking Supervision has approved a framework for banks to disclose their crypto exposure starting 2026, enhancing market discipline.

Orcel, CEO of UniCredit, speaking at a conference about Digital Euro

UniCredit CEO Supports Digital Euro Central to Role of Banks

June 19, 2024 Dan K

UniCredit CEO Andrea Orcel endorses the digital euro, emphasizing that banks must retain their central role in its implementation and operation for its success.