News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Banking Policy
Bank of England Assigned New Legal Responsibility for Stablecoin Development
The Bank of England is set to receive a new legal mandate to foster innovation in payment systems and stablecoins, as part of a Treasury initiative.
Mercation Admin2 min - Banking Policy
Formation of BankChain Alliance to Create Bank-Owned Blockchain Network
The BankChain Alliance, formed by thirty-nine state banking associations, aims to create a blockchain network for community banks, targeting a 2027 launch.
Mercation Admin1 min - Banking Policy
Dallas Fed Economists Warn of Risks from Tokenized Deposits
Dallas Fed economists warn that tokenized deposits could destabilize banks' funding and increase borrowing costs.
Mercation Admin3 min - Banking Policy
Trump-Linked World Liberty Financial Receives Conditional Bank Approval
World Liberty Financial, linked to the Trump family, has gained conditional approval to establish a trust bank in the U.S. from the OCC.
Mercation Admin1 min - Banking Policy
U.S. Banking Regulator Aims to Finalize GENIUS Act Stablecoin Regulations by November
The OCC plans to finalize stablecoin regulations by November, ahead of the GENIUS Act's January 2027 implementation, addressing key industry guidelines.
Mercation Admin1 min - Banking Policy
US Treasury Proposes Stablecoin Regulations Under GENIUS Act
The U.S. Treasury has proposed draft regulations under the GENIUS Act, establishing a federal framework for payment stablecoins.
Mercation Admin1 min - Banking Policy
Zerohash's Bid for U.S. Trust Bank Charter Rejected by Regulators
Zerohash's bid for a U.S. trust bank charter was returned by regulators due to material deficiencies, prompting plans for a revised application.
Mercation Admin2 min - Banking Policy
A Call for Equal Access to America’s Payment System
Rachel Anderika of Anchorage Digital advocates for equal access to U.S. payment systems for federally chartered banks, emphasizing regulatory alignment.
Mercation Admin2 min - Banking Policy
Hong Kong's Central Bank Reports Low Quantum Preparedness Among Banks
The HKMA has reported a low score of 2.3 out of 10 for Hong Kong banks' readiness for quantum computing, highlighting significant gaps in preparedness.
Mercation Admin1 min - Banking Policy
KB Kookmin to Launch Cross-Border Payments on JPMorgan's Blockchain
KB Kookmin will launch a cross-border payment service using JPMorgan's Kinexys blockchain in August, marking a first for South Korean banks.
Mercation Admin1 min - Banking Policy
ECB Raises Alarm Over Stablecoins Potentially Reducing Bank Deposits
The ECB warns that stablecoins could significantly reduce bank deposits, threatening the lending capacity of European banks.
Mercation Admin2 min - Banking Policy
ECB Warns of Bank Deposit Outflows to Stablecoins
The ECB warns that rising stablecoin use could reduce bank retail deposits, urging for CBDCs to maintain public money's role in digital payments.
Mercation Admin1 min