Browsing: bank

The Bank of England stablecoin mandate has become a talking point over the past few days because it appears to mark a new role for the UK central bank. According to the official HM Treasury announcement, the Bank of England is to be given a secondary objective: promoting innovation in payment systems and in new…

Deutsche Bank crypto custody is moving into the market as the German lender plans to offer institutions and corporate clients a way to hold and transfer Bitcoin, Ether, and selected stablecoins later this year, pending regulatory approval, with Germany set to be the first market for the service.

Add preferred source Deutsche Bank expects to receive a crypto custody license under the EU’s MiCA framework in October, positioning the German lender to onboard its first institutional and corporate clients before year-end. The initial offering covers Bitcoin, Ether, and stablecoins including USDC, EURC, and EURAU, with tokenized financial instruments planned for a later phase.…