HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report

The report comes as Hong Kong’s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto companies accounts.

• 2023-07-31
• Hong Kong Economic Journal Hang Seng Bank HSBC open bank accounts Hong Kong Hong Kong Monetary Authority customer services corporate bank accounts bank account

A Bully Pulpit for Debanked Nigel Farage, Crypto for Everyone Else

The British Brexiteer could call on the media and his far-right friends in his debanking fight. But most of us aren't so lucky.

• 2023-07-28
• Nigel Farage bank account British politician Alison Rose bank

A New Crypto Banking System Arises Under the Shadow of a Regulatory Crackdown

(Bloomberg) -- Two months after the collapse of Silvergate Capital Corp. and Signature Bank, a new banking landscape for crypto companies is taking shape amid an expanding crackdown on the industry in the US. Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseRussian Elite Is Souring on Putin’s Chances of Winning His WarLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech R

• 2023-06-09
• Signature Bank open bank accounts Bloomberg News Customers Bancorp Inc. bank account Bloomberg digital assets banking system deposit accounts industry participants

Exclusive-Crypto giant Binance controlled ‘independent’ U.S. affiliate’s bank accounts

A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly independent U.S. affiliate, including an account that held American customers’ funds, bank records show. U.S. lender Silvergate Bank authorized the executive, Guangying Chen, a close associate of Binance CEO Changpeng Zhao, to operate the accounts in 2019 and 2020, according to records from those years. This allowed Chen and her deputies to move funds held in the

• 2023-06-05
• Changpeng Zhao Guangying Chen Silvergate Bank bank accounts bank account bank records company messages Hertenstein Chen Catherine Coley

Chinese Banks Court Crypto Firms in Hong Kong After Mainland Ban

(Bloomberg) -- Crypto firms rushing into Hong Kong after the city opened its doors to the battered sector are finding a surprising source of potential support: China’s state-owned banks.Most Read from BloombergFirst Citizens Nears Deal to Buy Silicon Valley Bank, Sources SayBond Traders Go All-In on US Recession Bets That Defy Fed ViewPutin Ups the Ante With Nukes in BelarusGreenland Solves the Daylight Saving Time DebateChinese banks have been directly reaching out to crypto businesses over the

• 2023-03-27
• Hong Kong Signature Bank Bank of China bank account Shanghai Pudong Development Bank Bloomberg News Chinese bank banking services digital asset bank accounts Bloomberg

How to Earn Passive Income Through Crypto

Cryptocurrency can be used to earn passive income. Learn how some people are using virtual currency as a supplemental income source.

• 2023-03-25
• passive income bank account Cryptocurrency social lending

SVB Collapse Reveals a Surprise for Bitcoin

The banking crisis caused by the collapse of Silicon Valley Bank continues to worry investors. Since regulators shut down the California bank, which primarily catered to startups and venture capital firms, all eyes have turned to other regional banks. Then there's the crisis across the Atlantic Ocean: Investor mistrust revolves around Credit Suisse, the Swiss bank weakened by a series of scandals over the past three years.

• 2023-03-17
• Credit Suisse Silicon Valley Bank Michael Saylor Swiss National Bank SVB institutional investors bank account regional banks commercial banks venture capital firms Treasury Department

After SVB failure, regulators close crypto-friendly bank Signature Bank

Signature Bank is the second casualty of the ongoing banking crisis in the U.S. The New York-based financial institution stopped operating abruptly on Sunday — customers will be made whole. Regulators said that Signature Bank also caused a systemic risk and could threaten the U.S. banking system. “We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority,” the U.S. Treasury Department, the FDIC and

• 2023-03-13
• Signature Bank U.S. Treasury Department Silicon Valley Bank FDIC bank account financial institution SVB Federal Reserve

Crypto Companies Behind Tether Used Falsified Documents and Shell Companies to Get Bank Accounts

Tether Holdings and a related crypto broker used “cat and mouse tricks” to obscure identities, documents show.

• 2023-03-04
• bank accounts shell companies documents show banking system tether Stephen Moore Justice Department bank account The Wall Street Journal

Crypto Bank Silvergate Crashes on Wall Street

The Californian firm is in great difficulty. Most of its crypto clients have left, after it announced that it had to review the books with its auditors.

• 2023-03-03
• Alameda Research Silvergate Capital bank account Silvergate subsequent events FTX cryptocurrency exchange Sam Bankman-Fried