Banks
US Banks No Longer Need to Notify Crypto Actions: Fed Withdraws Draconian Guidelines
The US Federal Reserve formally eliminated each supervisory tips yesterday (Thursday), which had discouraged American banks from partaking in actions involving cryptocurrencies and stablecoins. Particularly, the regulator rescinded two supervisory letters—one from 2022 and one other from 2023. “These actions make sure the Board’s expectations stay aligned with evolving dangers and additional assist innovation within […]
HKMA Reveals Banks Taking part in RMB Commerce Financing Liquidity Facility
Darius Baruo Feb 27, 2025 23:07 The Hong Kong Financial Authority (HKMA) has introduced the banks collaborating within the first section of its RMB Commerce Financing Liquidity Facility, allocating RMB50 billion to those establishments. The Hong Kong Financial Authority (HKMA) has disclosed the record of banks collaborating […]