OMGFIN Daily News

US explores additional bank support, favoring First Republic: Report
Despite banking laws stating remedies should not be aimed at benefiting a specific bank, this change could be structured “in a way to ensure” that First Rep...
Mon, 27 Mar, 2023 at 1:49 AM
Hong Kong crypto firms seeing interest from Chinese banks: Report
Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland. Crypto firms ...
Tue, 28 Mar, 2023 at 4:28 AM
European DeFi startups saw 120% increase in VC investment in 2022: Data
Despite the ongoing tumultuous market conditions, venture capital investments in European crypto startups hit an all-time high of $5.7 billion in 2022.  ...
Tue, 28 Mar, 2023 at 5:32 AM
Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Take Effect in January 2025
Regulations governing tokenized deposits and crypto assets are likely to become effective on Jan. 1, 2025, a senior fintech analyst at the South African cen...
Tue, 28 Mar, 2023 at 5:33 AM
Crypto-friendly banks mismanaged traditional risks, FDIC head tells Senate hearing
It all started with FTX, FDIC head Martin Gruenberg said; he emphasized that the American banking system remains sound.  The United States Senate B...
Wed, 29 Mar, 2023 at 1:42 AM
Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis
After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchm...
Wed, 29 Mar, 2023 at 5:56 AM
European Banking Federation shares its vision of digital euro, wCBDC, bank tokens
The EBF calls itself the voice of the European banking sector; it expressed its support for European digital money, with suggestions of its own.  T...
Wed, 29 Mar, 2023 at 5:56 AM
Australian senator introduces private bill to expedite crypto regulation
Senator Andrew Bragg has introduced a bill proposing regulatory standards for the cryptocurrency industry in Australia.  The Australian Parliament has...
Thu, 30 Mar, 2023 at 2:08 AM
EU lawmakers push for stricter rules on anonymous crypto transfers
The legislation was one of several laws designed to combat money laundering and terrorist financing, receiving 99 votes in favor, eight votes against, and s...
Thu, 30 Mar, 2023 at 2:11 AM
Russia delays digital ruble launch testing due to lawmaking process
The participating banks expressed their readiness to proceed with the CBDC pilot.  The central bank digital currency (CBDC) trial rollout by The Ba...
Thu, 30 Mar, 2023 at 2:11 AM