ECB, EU cenbanks seek changes in MiCA’s minimum bank deposit for stablecoins
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Banks double on EU MiCA crypto provider list as share hits 23%
Banks now represent nearly one in four providers on ESMA’s MiCA register after roughly doubling their presence since late June.
Jack Dorsey’s Block seeks US trust bank charter for Bitcoin, stablecoin
The proposed Builders Bank would offer federally supervised digital asset custody but would not accept deposits or issue loans.
Tokenized Deposits Could Drain $700 Billion From Bank Lending, Dallas Fed Warns
A shift toward faster, more rate-sensitive deposits could push banks into safer assets, constrain lending, and raise borrowing costs, Dallas Fed researchers said.
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.
Standard Chartered Bank claims to be the first global systemically important bank to offer USDC minting and redemption services.
Odaily Odaily reports that Standard Chartered Bank, in partnership with Circle, has launched a USDC minting and redemption service for institutional clients. Standard Chartered claims to be the first systemically important bank globally to offer this service, and clients can conduct related transactions without needing a separate Circle account.
Germany widens MiCA lead as latest EU register update adds 6 banks
Germany expands its lead in EU MiCA authorizations with 79 crypto asset service providers, ahead of France and the Netherlands.