Discovery Bank Becomes First Major South African Bank to Offer In-App Crypto Trading

Russian regulators will authorize crypto exchange licenses for banks and brokers, channeling most legal crypto activity through traditional financial institutions. Tight domestic rules and Western sanctions are expected to keep the market largely isolated from global liquidity.

Revolut has applied for a U.S. banking license that would let it operate as a traditional bank and gain direct access to payment rails such as Fedwire and ACH. The move could speed transfers, lower costs, and strengthen its U.S. expansion plans.

Nedbank has partnered with Crypto.com to build an Africa-wide blockchain payment network offering real-time ZAR and USDC settlement for retail and commercial banking clients.

Major banks have told lawmakers they cannot back the White House compromise on the crypto market bill, creating a fresh roadblock for legislation that had been nearing agreement. The setback raises uncertainty for regulatory clarity and market participants.

The European Central Bank cautioned that rising stablecoin use may shift deposits away from banks, weakening banks’ lending capacity and the transmission of monetary policy across the euro area.