Articles for tag: Banking Regulations, Bitcoin, Cryptocurrency, Donald Trump, financial markets, SEC, US election 2024

January 25, 2025

US Securities Regulator Approves Wall Street Banks to Hold Cryptocurrency, Paving Way for Mainstream Adoption

The recent newsletter highlights significant changes in the U.S. cryptocurrency landscape, particularly under the potential presidency of Donald Trump. The Securities and Exchange Commission has overturned a costly rule that made it difficult for banks to handle digital assets, suggesting a more favorable approach to cryptocurrencies. This move allows banks to offer custody services for ...

December 29, 2024

Market News

Crypto

Russia’s Largest Bank Participates in Digital Ruble Pilot Program, Paving the Way for Modern Financial Transactions

Sberbank, Russia’s largest bank, has officially joined the digital ruble pilot program alongside TBank and Tochka Bank. The Central Bank of Russia has mandated that all major banks in the country must incorporate digital ruble functionalities by July 2025, or they will incur penalties. The pilot program now includes 15 banks, with plans for more ...

December 11, 2024

Market News

Crypto

Debanking: The Rising Concern of Tech’s Right-Wing Elite and Its Impact on Financial Freedom

The cryptocurrency industry, once aimed at challenging traditional banking, is now seeking basic banking services like checking accounts. Influential figures like Elon Musk and Marc Andreessen argue that banks are unfairly withdrawing services from those involved in crypto, a practice termed “debanking.” This issue has gained attention as anecdotes from tech founders and industry members ...