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Dimon warns CLARITY Act could fail as JPMorgan and Coinbase clash over stablecoin rewards regulation

JPMorgan Chase CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong and warned that the CLARITY Act on stablecoin regulation could fail if lawmakers don't address traditional banks' concerns. The core dispute centers on whether stablecoin issuers should be allowed to offer yie

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coindesk.com·Crypto·1d ago·3 min read

JPMorgan CEO Jamie Dimon Criticizes CLARITY Act and Coinbase CEO at Economic Forum

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newsbtc.com1d ago

JPMorgan CEO Jamie Dimon warns AI competition could create areas where bank 'loses'

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bankingdive.com2d ago

AI agents gain ability to open bank accounts and manage financial transactions

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bit.ly2d ago

Sumitomo Mitsui Trust and Hashport Launch Japan's First Reward Point-to-Stablecoin Exchange Service

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news.bitcoin.com1d ago

Maybank's MAE App Tabung Feature Offers Daily Cash Rewards of 4.29% P.A. for Consistent Savers

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soyacincau.com2d ago

Kiwibank becomes first NZ bank to launch full open banking rollout

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rnz.co.nz3d ago

Banca Sella Receives Bank of Italy Approval to Launch Crypto Custody Services by 2026

Banca Sella has received Bank of Italy approval to become the first Italian bank to offer digital asset custody and transfer services, with a planned launch as early as 2026. The bank completed the required regulatory notification process, enabling a rollout aligned with the EU's

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briefly.co·Tech by Flipboard·3d ago·3 min read

Banca Sella becomes first Italian bank approved for crypto services under EU MiCA regulation

Banca Sella has become the first Italian bank to receive approval from the Bank of Italy to offer crypto-asset services under the EU's MiCA regulation. The private bank, managing €50 billion in assets and serving over 3.1 million customers, completed a formal 40-day notification

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coindesk.com·Business by Flipboard·4d ago·2 min read

US Banks' Lending to Private Credit Providers Reaches $300 Billion

US banks have lent nearly $300 billion to private credit providers as of June 2024, with overall lending to non-depository financial institutions reaching $1.2 trillion. According to Moody's Ratings analysis, loans to these institutions now comprise 10.4% of US banks' total lendi

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alternativecreditinvestor.com·Hacker News: Front Page·2mo ago·2 min read

The Risks of Collapsing Multi-Factor Authentication in Banking

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blog.opencore.ch10mo ago