While TradFi has built a reputation that could withstand the test of time, CBDCs and stablecoins are making a name of their own, with the Fed acknowledging their disruptive impacts in a new report.
The global financial stability is facing threats as digital asset players turn to shadow banks amid a spate of tech bank collapses, potentially throwing the sector into disarray.
South Korea's regulatory board is eyeing sanctions against financial institutions linked to illicit forex transactions to safeguard its digital assets market following intense scrutiny among banks.
Spain's second largest bank, Banco Bilbao Vizcaya Argentaria, will support digital currency buying, selling, and custody in 2021.
Fourteen banks in Singapore are teaming up to create a digital trade registry to serve as a central database for accessing records of trade transactions.
Germany is implementing policies and regulations for the space and encourages other countries to follow suit, especially those in the European Union.
Bantotal is giving banks an easier option to facilitate cross-border payments, and that solution is coming from the power of blockchain technology.
Bankenverband, which represents German private banks, cited a number of concerns over existing regulations, which it suggests are unable to adequately regulate this new class of securities.
