bank
Revolut plans US bank and stablecoin after conditional OCC approval
Revolut has received conditional approval from the Office of the Comptroller of the Currency to form a U.S. national bank, with a 2027 launch, a $95…
bank
bank
Stablecoins fail payment credibility test, BIS says
BIS chief Pablo Hernández de Cos says stablecoins lack credibility for payments at scale and favors tokenized bank deposits for daily use.
bank
OCC overhauls bank supervision and enforcement rules
The OCC revised bank supervision manuals and proposed dividing legal breaches into substantive and technical violations under a risk-based model.
Bank of England
Bank of England gets new stablecoin innovation goal
Britain plans to give the Bank of England a secondary stablecoin innovation objective while keeping financial stability its primary duty.
bank
Tokenized deposits could raise borrowing costs, Fed economists warn
Dallas Fed economists estimate tokenized deposits could reduce banks’ duration capacity by $700 billion if depositors become more rate sensitive.
bank
Zerohash files second OCC trust bank application
Zerohash filed a narrower national trust bank application after the OCC returned its first bid, opening public comments through Sept. 17.
bank
Banks and regulators launch quantum safe crypto pilot
Banks and regulators have joined a cross regional pilot testing quantum resistant wallets and digital asset transfers on a specialized NEAR testnet.