🇨🇦 Canada Finalizes New Crypto Capital Rules for Banks
Canada’s banking regulator, OSFI, has finalized updated capital rules for 2027 that provide targeted relief for banks holding digital assets. The new guidelines allow institutions to treat multiple regulated exchanges as a single entity when calculating delta risk for qualifying Group 2a crypto exposures.
This change addresses a mismatch where banks using market-neutral hedging strategies were forced to overstate their risk. By treating regulated venues as one, positions in the same asset with the same maturity date can now receive full capital recognition, reducing the amount of cash banks must hold against these trades.
#Canada #CryptoRegulation #Banking #OSFI
Canada’s banking regulator, OSFI, has finalized updated capital rules for 2027 that provide targeted relief for banks holding digital assets. The new guidelines allow institutions to treat multiple regulated exchanges as a single entity when calculating delta risk for qualifying Group 2a crypto exposures.
This change addresses a mismatch where banks using market-neutral hedging strategies were forced to overstate their risk. By treating regulated venues as one, positions in the same asset with the same maturity date can now receive full capital recognition, reducing the amount of cash banks must hold against these trades.
#Canada #CryptoRegulation #Banking #OSFI
🚨 Former Hong Kong Banker Jailed Over $1.6B Fraud and Crypto Bribes
Lam Chun-yin, a 32-year-old former manager at China Construction Bank (Asia), has been sentenced to four years in prison. He pleaded guilty to falsely authenticating letters of credit totaling over $1.6 billion.
Investigations revealed that Lam accepted bribes worth $470,000 paid in cryptocurrency to facilitate the massive fraud. The court has ordered him to pay back the full amount as restitution.
Judge Ernest Lin Kam-hung stated that deterrent sentences are necessary as such crimes undermine Hong Kong's standing as a global financial hub. The ICAC has already obtained arrest warrants for other individuals involved in the case.
#HongKong #CryptoCrime #Banking #Regulation
Lam Chun-yin, a 32-year-old former manager at China Construction Bank (Asia), has been sentenced to four years in prison. He pleaded guilty to falsely authenticating letters of credit totaling over $1.6 billion.
Investigations revealed that Lam accepted bribes worth $470,000 paid in cryptocurrency to facilitate the massive fraud. The court has ordered him to pay back the full amount as restitution.
Judge Ernest Lin Kam-hung stated that deterrent sentences are necessary as such crimes undermine Hong Kong's standing as a global financial hub. The ICAC has already obtained arrest warrants for other individuals involved in the case.
#HongKong #CryptoCrime #Banking #Regulation
⚡ Solana Enters US Banking as 90 North Dakota Banks Launch Interbank Settlement
Banking technology provider Fiserv has launched its digital asset platform on the Solana public blockchain, enabling over 90 North Dakota banks and credit unions to settle dollar transactions. This marks a major milestone for public blockchain adoption within the US financial system.
The system utilizes Roughrider Coin, a dollar-backed payment token overseen by the Bank of North Dakota (BND). Participating institutions can now move funds near-instantly 24/7, offering a faster and cheaper alternative to traditional ACH and wire transfers through their existing banking portals.
#Solana #SOL #Banking #Blockchain
Banking technology provider Fiserv has launched its digital asset platform on the Solana public blockchain, enabling over 90 North Dakota banks and credit unions to settle dollar transactions. This marks a major milestone for public blockchain adoption within the US financial system.
The system utilizes Roughrider Coin, a dollar-backed payment token overseen by the Bank of North Dakota (BND). Participating institutions can now move funds near-instantly 24/7, offering a faster and cheaper alternative to traditional ACH and wire transfers through their existing banking portals.
#Solana #SOL #Banking #Blockchain
🚨 US Bankers Sue to Overturn Crypto Trust Bank Rules
The Independent Community Bankers of America (ICBA) has filed a federal lawsuit against the OCC to invalidate rules that allow crypto firms to obtain national trust bank charters. The lawsuit, filed in Washington, targets the OCC’s national trust bank rule and Interpretive Letter 1176, arguing the regulator exceeded its authority.
The ICBA claims the OCC is allowing non-depository crypto businesses to operate under a lighter regulatory framework than traditional insured banks. According to the complaint, 13 of the 21 trust banks approved or conditionally approved by the OCC are tied to the crypto industry.
#CryptoNews #OCC #Regulation #Banking
The Independent Community Bankers of America (ICBA) has filed a federal lawsuit against the OCC to invalidate rules that allow crypto firms to obtain national trust bank charters. The lawsuit, filed in Washington, targets the OCC’s national trust bank rule and Interpretive Letter 1176, arguing the regulator exceeded its authority.
The ICBA claims the OCC is allowing non-depository crypto businesses to operate under a lighter regulatory framework than traditional insured banks. According to the complaint, 13 of the 21 trust banks approved or conditionally approved by the OCC are tied to the crypto industry.
#CryptoNews #OCC #Regulation #Banking
🚨 Kraken Parent to Acquire European Bank
Payward, the company behind Kraken, has reached an agreement to acquire Saldo Finance Oy, the owner of Lithuania-based Saldo Bank. The deal is projected to close in 2027, pending regulatory approval from authorities.
This move allows Kraken to integrate traditional banking services like deposit accounts, lending, and payment processing directly into its ecosystem. Users could eventually manage Bitcoin holdings alongside protected fiat savings in a single interface.
The acquisition includes Saldo Bank’s existing loan book, which held €129.5 million in gross credit as of June 2026. However, financial reports show the bank faced a €545,000 net loss recently as overdue loans more than doubled during 2025.
#Kraken #Banking #CryptoNews #Regulation
Payward, the company behind Kraken, has reached an agreement to acquire Saldo Finance Oy, the owner of Lithuania-based Saldo Bank. The deal is projected to close in 2027, pending regulatory approval from authorities.
This move allows Kraken to integrate traditional banking services like deposit accounts, lending, and payment processing directly into its ecosystem. Users could eventually manage Bitcoin holdings alongside protected fiat savings in a single interface.
The acquisition includes Saldo Bank’s existing loan book, which held €129.5 million in gross credit as of June 2026. However, financial reports show the bank faced a €545,000 net loss recently as overdue loans more than doubled during 2025.
#Kraken #Banking #CryptoNews #Regulation