Bank | Crypto

Bank of America will enable advisers across Merrill and its private bank to recommend four spot Bitcoin ETFs, expanding beyond client-led access. Bank of America is making crypto a more routine part of its US wealth business, allowing advisers across Merrill, the Bank of America Private Bank and Merrill Edge to proactively recommend spot Bitcoin exchange-traded funds. Bank of America’s chief investment office (CIO) has approved four US-listed spot Bitcoin funds for coverage: Bitwise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Mini Trust (BTC) and BlackRock’s iShares Bitcoin Trust (IBIT). These four ETFs are among the largest and most liquid spot Bitcoin (BTC) products on the market, which makes them easier for the bank to underwrite from an operational and regulatory risk perspective than smaller, more complex or leveraged vehicles. Read more

Bank of Russia has outlined a plan to unify crypto rules by July 1, 2026, letting retail investors buy select liquid coins after testing and a 300,000-ruble cap, while qualified buyers face fewer limits. Illegal intermediaries would face liability from July 1, 2027. Chainalysis ranked Russia top 10. The post Bank of Russia Targets 2026 for Strict Crypto Regulation Framework and New Penalties appeared first on Cryptonews.

Bitcoin risks declining toward $70,000 as the Bank of Japan prepares a 25-basis-point rate hike on December 19, with analysts citing historical patterns of 20%+ BTC drops following previous BOJ rate increases. The post Bitcoin Price Prediction: Analysts Warn BTC Could Slide Toward $70K if Bank of Japan Hikes Rates on Dec. 19 appeared first on Cryptonews.

The Bank of Japan is preparing to raise its policy rate to 0.75% at its December meeting, marking the highest borrowing costs since 1995 and pressuring Bitcoin below $85,000 as crypto markets face over $637 million in long liquidations. The post Bank of Japan Eyes Rate Hike to Highest Level Since 1995 appeared first on Cryptonews.

Cross‑party MPs and members of the House of Lords have urged UK Chancellor Rachel Reeves to rein in the Bank of England’s proposed regime for systemic stablecoins. A cross-party group of members of the House of Commons and the House of Lords in the United Kingdom, including former Defense Secretary Sir Gavin Williamson, shadow Science and Tech (AI) Minister Viscount Camrose and the former Prime Minister Rishi Sunak’s chief whip, Lord Hart, have urged Chancellor Rachel Reeves to intervene over the Bank of England’s proposed regime for systemic stablecoins. In a joint open letter to the chancellor on Thursday, they warned that the Bank of England’s proposals for regulating stablecoins could drive innovation and capital offshore. The parliamentarians said the plans risk turning the UK into a “global outlier” by barring most wholesale use of stablecoins outside the Digital Securities Sandbox, prohibiting interest on reserves and imposing what they call “impractical and anti-innovation” holding caps that could pus...

Crypto majors are sharply higher, climbing 6–10% following Vanguard’s crypto debut and supportive commentary from Bank of America, with BTC up 6% to $92,900, ETH up 9% to $3,070, BNB up 7% to $899, and SOL up 10% to $142. Among top movers, SUI gained 24%, PENGU 19%, and LINK 18%. Ethereum’s Fusaka upgrade is scheduled to launch today, aiming to improve mainnet ingestion of L2 data and reduce rollup costs to enhance scalability. Bank of America is now recommending a 1–4% crypto allocation for clients across Merrill Lynch and the Private Bank. On the corporate front, Kraken has agreed to acquire tokenization platform Backed Finance to accelerate the adoption of tokenized stocks, while Chainlink introduced its “LINK Everything” initiative, a comprehensive tokenization stack featuring CCIP, compliance tools, and expanded data and compute services. In the regulatory and leadership landscape, crypto-friendly Kevin Hassett is now an 85% favorite to become the next Federal Reserve Chair after Jerome Powell, Binance h...

The crypto market liked the news, with majors jumping 7-10% on the back of Bank of America's new guidance plus Vanguard's crypto ETF debut.

Bank of America has allowed 15,000 wealth advisers to recommend spot Bitcoin ETFs, joining peers such as BlackRock, Fidelity and JPMorgan that have expanded regulated crypto products, as the bank explores a potential stablecoin amid shifting client preferences. The post Bank of America Just Unleashed Bitcoin ETFs to 15,000+ Advisers – Here’s Why It Matters appeared first on Cryptonews.

Bank of America’s wealthiest clients will gain access to Bitcoin ETFs, while its network of over 15,000 wealth advisers can recommend crypto exposure for the first time, Yahoo reported. More big-name financial institutions are opening the door to Bitcoin exposure, signaling a growing institutional appetite for regulated digital asset products. Bank of America, the second-largest US bank, reportedly recommended a 1%–4% cryptocurrency allocation to its wealth management clients through the Merrill, Bank of America Private Bank and Merrill Edge platforms, according to a statement shared with Yahoo Finance on Tuesday. “For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital assets could be appropriate,” said Chris Hyzy, chief investment officer at Bank of America Private Bank, in the statement shared with Yahoo. Read more

Central-bank guidance and rising yields have pressured crypto markets, with Bitcoin having dropped from about $125,000 to near $85,000, fear indices staying near extreme levels, and long liquidations and weak altcoin breadth having shaped December trading. The post Federal Reserve and Bank of Japan Indicators Hit Crypto, Market Losses Deepen appeared first on Cryptonews.

U.S. Bank joins the growing list of traditional banking institutions working on stablecoins, testing its own on the Stellar blockchain.

The UK’s top bank says it will roll out stablecoin rules “just as quickly as the US” amid concerns that it's lagging behind global allies. Bank of England Deputy Governor Sarah Breeden expects the government to keep pace with the US in stablecoin regulation, stating that it is “really important” for the allies to be synchronized on rules governing the $310 billion industry. Speaking at the SALT conference in London on Wednesday, Breeden reportedly said the UK will implement a stablecoin regulatory framework “just as quickly as the US” — rebuffing fears that it is falling behind, particularly after the US passed the landmark GENIUS Act in July. Breeden confirmed that UK regulators are speaking with US authorities as the Bank of England prepares to publish its stablecoin consultation paper on Nov. 10. Read more

OCC’s Jonathan Gould has said stablecoin risks have been overstated, adding a threat to bank deposits and a run would not happen overnight. Banking groups have urged Congress on GENIUS Act yield issues as supply has grown past $300B and EU/UK regulators have set temporary limits. The post Top U.S. Regulator Dismisses Stablecoin ‘Bank Run’ Threat as Market Soars Past $300B appeared first on Cryptonews.

Top banks including Bank of American, Goldman Sachs, and Citi are exploring issuing a stablecoin, according to a Friday announcement.

The Bank of France’s governor called for crypto oversight to be given to the European Securities and Markets Authority, and for tightening MiCA’s rules on stablecoin issuance. The Bank of France called on the EU to give its markets regulator direct supervision over major crypto firms, warning that fragmented oversight could threaten the bloc’s financial sovereignty. Speaking at the ACPR-AMF Fintech Forum in Paris on Thursday, Bank of France Governor François Villeroy de Galhau said the European Securities and Markets Authority (ESMA) should be given the mandate to directly oversee crypto-asset issuers under the EU's Markets in Crypto-Assets (MiCA) framework.  “I also advocate, along with the president of the AMF, for European supervision of crypto-asset issuers, carried out by ESMA,” he said, adding that it may guarantee the consistent application of rules and reduce risks.  Read more

ChatGPT's XRP Analysis has reported XRP at $2.9543 (+3.78%), trading above the 20/50/100/200-day EMAs with neutral RSI and improving MACD. Volume has increased during Japan’s SBI lending update and leadership changes, while October ETF decisions have created a near-term catalyst window. The post ChatGPT’s XRP Analysis Reveals $2.95 Surge as Bank of Japan Launches XRP Lending Program – Is $4 Possible? appeared first on Cryptonews.

Andrew Bailey has set out a path for stablecoins to access central bank accounts while Bank of England work has progressed; the governor has stressed risk-free backing, insurance schemes, and direct redemption to maintain money–credit links. The post Bank of England Governor Says Stablecoins Could Reduce UK Reliance on Commercial Banks – Could It? appeared first on Cryptonews.

Bank of England Governor Andrew Bailey said stablecoins could thrive in a system that separates money from credit, reducing the UK’s reliance on commercial banks. Bank of England (BoE) Governor Andrew Bailey suggested that stablecoins could reduce the United Kingdom’s reliance on commercial banks, signaling a potential shift in the central bank’s stance toward digital assets. In a Wednesday article in the Financial Times, Bailey said that the current financial system combines money and credit creation through fractional reserve banking, in which banks hold a portion of deposits while lending out the rest. Fractional reserve banking is a system in which banks hold only a fraction of customer deposits in reserve and lend out the rest, thereby creating new money through credit expansion. “Most of the assets backing commercial bank money are not risk-free: they are loans to individuals and to companies,” Bailey wrote in the FT. “The system does not have to be organised like this.“ Read more

The Bank of Italy's vice director warned that multi-issuance stablecoins pose risks to EU financial stability and should be restricted to equivalent regulatory jurisdictions. A senior Bank of Italy official warned that stablecoins issued by multiple entities across different countries pose significant risks to the European Union’s financial system unless they are strictly limited to jurisdictions with equivalent regulatory standards. Speaking at the Economics of Payments Conference in Rome on Thursday, Chiara Scotti, vice director of the Bank of Italy, said multi-issuance stablecoins — digital tokens issued in several countries under a single brand — may increase liquidity but also bring “considerable legal, operational, liquidity and financial stability risks” if at least one issuer is outside the EU. “Although this architecture could enhance global liquidity and scalability, it poses significant legal, operational, liquidity and financial stability risks at EU level, particularly if at least one issuer is l...

Ron Morrow, head of payments at Canada’s central bank, called on regulators to pass a framework for stablecoins or be left behind. Canada’s central bank is calling for the country to establish a stablecoin regulatory framework to modernize the payment system and avoid falling behind other countries that are moving forward with such policies. “Even if you’re on the right track, you’ll get run over if you sit there,” Ron Morrow, the executive director of payments, supervision and oversight at the Bank of Canada, said in a speech Thursday at the Chartered Professional Accountants conference in Ottawa, Canada, a transcript of which was published on the central bank’s website. Morrow called on federal and provincial regulators to create a policy framework for stablecoins. “At the end of the day, for stablecoins to be seen as money, they need to be as safe and stable as the balance in your bank account,” Morrow said, adding: Read more