U.S. Banks Tiptoe Toward Crypto, Awaiting More Green Lights From Regulators

U.S. banks tiptoe toward crypto, awaiting more green lights from regulators

Large lenders are hesitant to be the first to expand into sector

“There is a real, urgent need to understand how technology can completely change the logic of money as we know it,” says the author. And he warns that if it does not adapt quickly, the traditional banking system “ runs the risk of becoming a dinosaur.” Read more

Global Banks Can’t Afford to Ignore Cryptocurrencies – One of Europe’s Largest Banks Takes a Step Toward Cryptocurrency

Spain-based Banco Santander SA is preparing to take a major expansion step in the digital assets space. The bank plans to offer cryptocurrency access to individual customers through its digital banking unit Openbank and develop stablecoin services in euros and dollars, the latest example of European...

US banks interested in crypto despite regulatory uncertainty - TechCentral.ie

US major banks are cautiously exploring opportunities in the crypto market, spurred by increasingly favourable signals from influencers and the Trump administration with its appointment of ‘crypto czar David Sacks. However, they remain hesitant to take bold steps without clearer guidance from regulators. Although Wall Street giants have traditionally been limited from extensive involvement in [… The post US banks interested in crypto despite reg…

U.S. Banks Weigh Crypto Expansion Amid Regulatory Uncertainty - The Cryptocurrency Post

TL;DR Top U.S. banks are evaluating their entry into the crypto world through partnerships and pilot projects, driven by more favorable regulatory signals. Although caution remains, their focus is on services like digital asset custody. The removal of the controversial accounting bulletin SAB 121 has improved the outlook, paving the way for gradual adoption by traditional institutions seeking to meet the growing demand from their clients. Behin…

US banks tiptoe toward crypto, awaiting more green lights from regulators

Big U.S. banks are holding internal discussions about expanding into cryptocurrencies as they get stronger endorsements from regulators, but initial steps will be tentative, centering on pilot programs, partnerships or limited crypto trading, according to four industry executives. Wall Street giants that had been largely blocked from many crypto activities by strict regulations are poised to grow quickly. Yet the biggest lenders are still hesita…