Banking

Bitcoin climbed to $105,000 after President Trump's executive order promoting cryptocurrency regulations and banning CBDCs. The U.S. move signals growing mainstream acceptance of digital assets, with major cryptocurrencies gaining traction and banks preparing for crypto payments.

Bank of America's CEO stated that the institution is ready to launch a dollar-backed stablecoin pending U.S. regulatory approval. This move demonstrates the increasing interest of traditional banks in integrating cryptocurrencies into their offerings.

In a significant move for the crypto custody landscape, Turkish digital investment bank BankPozitif has partnered with Swiss blockchain startup Taurus to bolster its services. Meanwhile, Bank of America CEO Brian Moynihan has indicated the bank's readiness to launch a dollar-backed stablecoin pending legislative approval.