Bithumb将在韩元市场上线BANK代币
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Sources say Kraken is seeking a full European banking license in Lithuania.
PANews reported on July 8th that, according to CoinDesk, sources familiar with the matter revealed that cryptocurrency exchange Kraken is seeking a full banking license in Europe, with Lithuania as the jurisdiction for obtaining the license. If approved, Kraken would become the only crypto exchage holding such a license, following the same regulatory path as fintech giant Revolut (which received a specialized banking license from the Bank of Lithuania in 2018), enabling it to offer services such as current accounts, consumer loans, and stock trading in the European Economic Area. This move is part of Kraken's parent company Payward's global licensing strategy.
The People's Bank of China and Hong Kong regulators support the joint establishment of a fixed-income and currency electronic trading platform in Hong Kong.
PANews reported on July 7 that the People's Bank of China, the Hong Kong Monetary Authority, and the Hong Kong Securities and Futures Commission jointly announced their welcome to the China Foreign Exchange Trading Center and the Hong Kong Stock Exchange for jointly establishing a Hong Kong electronic fixed income and currency trading platform. This initiative aims to deepen cooperation between the mainland and Hong Kong financial markets and consolidate Hong Kong's position as an international financial center and offshore RMB business hub. The announcement stated that the platform will be based in Hong Kong, oriented towards the international market, and will adhere to international market standards and Hong Kong regulatory requirements. It will strive to create an open, fair, efficient, and stable fixed income and currency trading infrastructure, and will enhance trading efficiency and transparency, promote price discovery, reduce transaction costs, and explore technological innovation to empower financial services. The specific launch date of the platform will be announced in due course.
The European Central Bank has asked banks to submit plans to address AI and cybersecurity threats.
PANews reported on July 7 that the European Central Bank (ECB) has urged banks to develop plans to address the growing cybersecurity threats posed by cutting-edge AI models such as Anthropic's Claude Mythos. In a letter to bank CEOs, ECB Chief Supervisor Claudia Buch requested lending institutions to submit action plans by the end of October. She urged banks to accelerate software patch updates, strengthen AI-driven cyber defenses, and enhance oversight of third-party vendors, while also emphasizing the need for long-term infrastructure modernization. Buch stated, "The ECB calls on key institutions to immediately assess the impact of the evolving threat landscape and develop comprehensive action plans outlining specific measures to strengthen relevant controls."
Russia's largest bank, Sberbank, plans to launch compliant crypto wallets and custody services this year.
PANews reported on July 6th that, according to CoinDesk, Russia's largest bank, Sberbank, plans to launch a cryptocurrency wallet and digital custody vault by December, provided the "Digital Currency and Digital Rights Law" officially takes effect in September. The service will be integrated into the "Sberbank Online" and "SberInvestments" apps, providing customers with access to authorized crypto assets within the banking system. The new law will establish a licensing framework for crypto trading, custody, fiat currency exchange, and cross-border settlement, with a trading limit of approximately 300,000 rubles (about $3,800) per year for non-accredited investors. Other large banks, including VTB and T-Bank, are also preparing related digital custody services.
Bank of America: US stocks experience largest outflow in three months
PANews reported on July 3 that Bank of America stated investors are selling US stocks at the fastest pace since March. A report led by Michael Hartnett, citing data from EPFR Global, indicated that US equity funds saw outflows of $17.2 billion in the week ending July 1. Investors are turning their attention to international stocks, with Japanese stocks experiencing their largest inflow in seven weeks, reaching $1.9 billion. While US stocks saw strong inflows at the beginning of the year, market sentiment is shifting. Last week, US equity funds saw their first redemptions in three months. This week, concerns about the high valuations of artificial intelligence continue to weigh on chip stocks, with the Philadelphia Semiconductor Index falling 11% in the past two days.
The Central Bank of Russia plans to implement a "cooling-off period" for cryptocurrency transactions, freezing funds for 48 hours after transfer.
PANews reported on July 3rd that, according to a report by Bits.media, Vladimir Chistyukhin, First Deputy Governor of the Central Bank of Russia, stated that the proposed cryptocurrency regulatory bill will establish a 48-hour "cooling-off period" for legitimate cryptocurrency transactions. This means that funds will be forcibly frozen for 48 hours after a transfer, limited to transfers between accounts only and excluding cryptocurrency brokerage services. This aims to protect non-professional investors from fraud. These provisions have been incorporated into the cryptocurrency market regulatory bill, which was originally scheduled to take effect on July 1st, but the second and third readings have been postponed, and it is expected to take effect on September 1st. Furthermore, Chistyukhin also stated that the Central Bank of Russia is discussing rules for Belarusian cryptocurrency companies to enter the Russian market.