Banking
Iran's Ayandeh Bank Shuts Down, Impacting Millions of Customers
The bankruptcy of Ayandeh Bank has resulted in the absorption of its customers' assets by the state-owned Bank Melli, affecting over 42 million individuals.
Banking
Iran's Ayandeh Bank Faces Bankruptcy, Affecting Millions of Customers
Ayandeh Bank has declared bankruptcy amid significant financial losses, impacting over 42 million of its customers as their assets are transferred to the state-owned Bank Melli.
Banking
Major Japanese Banks Set to Launch Yen-Based Stablecoin
Japan's leading banks are collaborating to issue a stablecoin pegged to the yen, enhancing their corporate settlements and reducing transaction costs.
Banking
EU Banks Unite for Euro-Backed Stablecoin Launch by 2027
A consortium of 10 banks aims to secure regulatory approval for a euro-pegged stablecoin set to launch in 2026.
Banking
Crypto Executives Urge Change in Basel III's 1,250% Risk Weight on Bitcoin
Executives from the crypto treasury sector are pushing for reforms in the Basel III banking guidelines that impose a 1,250% risk weight on Bitcoin, arguing it hampers the asset's adoption.
Banking
Study Reveals Net Outflows from Community Banks to Coinbase
A recent analysis indicates significant deposit migration from community banks to the crypto platform Coinbase, signaling emerging trends in banking.
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