US banking industry groups have raised strong objections after the Federal Reserve Bank of Kansas City approved a limited purpose Federal Reserve account for Kraken Financial, a development that could influence the future relationship between the crypto sector and the US banking system. The decision quickly sparked debate among financial institutions and regulators about whether […]
Digital money is no longer evolving only through central bank research papers or commercial bank pilots. A growing share of monetary innovation is happening outside the traditional banking system, driven by technology platforms, settlement networks, and market infrastructure that move faster than policy frameworks. This shift is changing how money is issued, moved, and used, […]
Introduction The European Central Bank (ECB) issued a warning on Friday that the planned rollout of a digital euro could lead to a significant outflow of deposits from commercial banks, potentially reaching as high as 700 billion euros under extreme scenarios. The figure, drawn from internal simulations cited by Reuters and Bloomberg, underscores the delicate […]
