Traditional finance had a role in Silicon Valley Bank's demise; opponents shouldn't confuse this with cryptocurrencies.Source: www.kten.comThe entire idea of banking is predicated on the idea that depositors won't wish to withdraw their funds simultaneously. So what happens if this premise is incorr

National Australia Bank Launches Stablecoin on the Ethereum Blockchainhttps://www.fameex.com/en-AU/news/crypto-trending-news-2023031601National Australia Bank (NAB) has successfully completed its first intra-bank cross-border transaction using its own stablecoin via Ethereum. The transaction was con

The Reserve Bank of India (RBI) has recently entered into a memorandum of understanding (MoU) with the Central Bank of the UAE (CBUAE) to promote various areas of fintech, with a focus on cross-border transactions of central bank digital currencies (CBDCs). This partnership between the two central b

National Australia Bank (NAB) has announced its plans to launch its own stablecoin named AUDN, which will be based on the Ethereum blockchain. This move marks a significant step for NAB in exploring the potential of blockchain technology and offering a faster, cheaper, and more secure means of makin

Although the investigations are independent of one another, they will both examine Silicon Valley Bank's failure and the shares that executives sold before it did.Source: www.ekoturk.comThe Securities Exchange Commission (SEC) and the US Justice Department are apparently looking into the abrupt demi

Challenges in Doing Business in the US Expected Due to Crypto Bank Closureshttps://www.fameex.com/en-AU/news/crypto-trending-news-2023031503The collapse of major banks linked to the crypto industry has caused significant consequences, leading to a de-banking crisis and an uncertain future for the in

The past week has seen a stunning turn of events in the banking world, with the collapse of three major banks, all of which had significant connections to the crypto sector. The impact of these collapses is expected to have far-reaching consequences for the industry, and the fallout is likely to be

Hong Kong Embraces Cryptoasset and Stablecoin Adoption with New Measureshttps://www.fameex.com/en-AU/news/crypto-trending-news-2023031501The Hong Kong Monetary Authority (HKMA) recently unveiled the Consultation Conclusion, which outlines the Proposed Regime designed to regulate stablecoin-related t

The New York State Department of Financial Services (NYDFS) has denied that the closure of Signature Bank was related to its involvement in cryptocurrencies. The NYDFS took possession of the bank and placed it in receivership on March 13, emphasizing that its decision was based solely on the bank's

Hong Kong Prepares for the Future with Virtual Asset Regulations and CBDC Pilot.Hong Kong has recently taken significant steps towards embracing virtual assets, as the government and the Hong Kong Monetary Authority (HKMA) work to develop a regulatory framework for cryptoassets and stablecoins. In O