# Banking Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Banking", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Digital Ruble Payment for Communications to Begin in Russia

Major Russian telecom operators are preparing to accept payments in the digital ruble (CBDC). MTS will enable the option for all services integrated with its MTS Pay system, with no restrictions on goods or services. Rostelecom is developing its platform with a major bank, initially for one-time payments on its website, with plans to expand to customer accounts and recurring payments later. Megafon will also adopt it as an additional payment method. This follows recent announcements from major marketplaces Wildberries and Ozon, which will start accepting the digital ruble from September 1. From that date, major Russian businesses are legally required to process transactions in this third form of national currency. Applications of the 12 systemically important Russian banks must include a button to access digital ruble wallets. The Central Bank of Russia plans to set a monthly top-up limit of 300,000 rubles per bank for these wallets.

cryptonews.ru08/25 09:59

Digital Ruble Payment for Communications to Begin in Russia

cryptonews.ru08/25 09:59

Safeheron and RFI to Test Post-Quantum Security with Participation of Banks and Regulators

The Responsible Fintech Institute (RFI) and Safeheron have launched a cross-regional project to test post-quantum cryptography for digital asset transactions, with participation from banks and regulators. The pilot will evaluate how quantum-resistant infrastructure handles wallet generation and digital asset transfers, using Safeheron's technology and RFI's coordination. The initiative employs a 2-of-2 Multi-Party Computation (MPC) protocol supporting the NIST FIPS 204 ML-DSA-65 digital signature standard. Testing will involve wallet generation and on-chain transfers on the quantum-resistant NEAR testnet, with additional assessments of cross-border compatibility, operational resilience, and governance. Participants include regulators from the Abu Dhabi Global Market, the Royal Monetary Authority of Bhutan, and the Malta Financial Services Authority, alongside Bison Bank and DK Bank. Initially, government bodies will observe, later engaging in governance discussions. A white paper detailing the research, protocol design, and results will be published, followed by open-sourcing the core protocol technology for independent audit and industry use. The project aims to prepare critical financial infrastructure for the transition to post-quantum cryptography and demonstrate its behavior in regulated financial models.

cryptonews.ru08/24 16:03

Safeheron and RFI to Test Post-Quantum Security with Participation of Banks and Regulators

cryptonews.ru08/24 16:03

Banks, regulators join quantum-resistant crypto transfer pilot

A pilot program for quantum-resistant digital asset infrastructure has been launched by the Responsible Fintech Institute and Safeheron. Financial institutions and regulators from Europe, the Middle East, and Asia are participating. The initiative uses a multiparty computation protocol that supports the ML-DSA-65 post-quantum cryptographic standard on a NEAR testnet. Participating entities include regulators from Abu Dhabi, Bhutan, and Malta, and banks such as Bison Bank and DK Bank. Banks will test wallet creation and transfers, while regulators will observe and later contribute to governance. The organizers plan to publish a white paper and open-source the technology. This pilot addresses growing concerns that quantum computers could break current public-key cryptography, with bodies like the Hong Kong Monetary Authority targeting preparedness by 2030 and the BIS urging a phased migration to post-quantum systems.

cointelegraph08/24 13:20

Banks, regulators join quantum-resistant crypto transfer pilot

cointelegraph08/24 13:20

Germany widens MiCA lead as latest EU register update adds 6 banks

Germany has expanded its lead in the number of firms authorized under the EU's Markets in Crypto-Assets Regulation (MiCA), with six German cooperative banks added to the latest register update from the European Securities and Markets Authority (ESMA). The total number of licensed crypto asset service providers (CASPs) now stands at 331. Germany accounts for 79 of these, significantly ahead of France and the Netherlands. The country's regulatory authority, BaFin, attributes this lead to Germany's large financial sector, the eligibility of many credit institutions to offer crypto services, and a pre-existing national licensing regime that eased the transition to MiCA. Other ESMA registers for asset-referenced tokens and electronic money tokens remained unchanged.

cointelegraph08/24 10:55

Germany widens MiCA lead as latest EU register update adds 6 banks

cointelegraph08/24 10:55

Banks and Regulators Join Pilot Project to Test Quantum-Resistant Crypto Transfers

Banks and financial regulators from Europe, the Middle East, and Asia have joined a pilot project to test quantum-resistant crypto infrastructure for digital asset wallets and on-chain transactions. The initiative, announced by the Responsible Fintech Institute and infrastructure provider Safeheron, will use NEAR's quantum-resistant testnet. It will employ the ML-DSA-65 post-quantum digital signature standard, recently finalized by the U.S. National Institute of Standards and Technology (NIST). Participating regulators include the Abu Dhabi Global Market, Bhutan's Gelphu Financial Services Authority, and Malta's Financial Services Authority. Financial institutions involved are Bison Bank and DK Bank. In the pilot, banks will test wallet creation and transactions in a unified application environment, while regulators will initially observe and later contribute to governance mechanisms. The organizers plan to publish a technical paper detailing the research, protocol design, and test results, eventually open-sourcing the core technology. This effort comes as financial authorities prepare for the advent of quantum computers, which threaten current public-key cryptography. For instance, the Hong Kong Monetary Authority aims for the territory's banking sector to be fully prepared for quantum-related security risks by 2030. The Bank for International Settlements (BIS) also recommended in a 2025 document that financial institutions begin a coordinated, phased transition to post-quantum systems.

cryptonews.ru08/24 06:36

Banks and Regulators Join Pilot Project to Test Quantum-Resistant Crypto Transfers

cryptonews.ru08/24 06:36

Major Banks Demand Identity Verification on Secondary Markets for Stablecoins

The Bank Policy Institute (BPI), representing major banks including JPMorgan, Bank of America, Wells Fargo, and Citi, has called for extending customer identification requirements to secondary markets for stablecoins. In comments on a FinCEN proposal regarding a "Customer Identification Program for Stablecoin Issuers," the BPI urged that CIP rules under the Bank Secrecy Act should also apply to exchanges and other platforms directly serving retail customers, which are not covered by the current proposal. The group argued these entities facilitate a significant portion of stablecoin transactions and are where most illicit activity likely occurs. The recommendation would also encompass decentralized exchanges. While acknowledging the practical challenges for issuers in collecting such information from decentralized, often anonymous blockchain transactions, the BPI insists closing this regulatory gap is necessary. This stance follows the BPI's recent criticism of digital asset market transparency legislation for failing to address potential loopholes.

cryptonews.ru08/23 18:27

Major Banks Demand Identity Verification on Secondary Markets for Stablecoins

cryptonews.ru08/23 18:27

Understanding Stablecoin Peg Deviations: What Actually Happens When a Digital Dollar Loses Its Link to the US Dollar

Stablecoin peg breakdowns occur because the code doesn't enforce a $1 value; it's an economic promise. Arbitrage by large traders (buying at a discount, redeeming for $1) maintains the peg. However, direct redemption is limited to large, verified clients, making general market confidence the true first line of defense. Four historical cases show different causes: USDT's 2018 drop was a trust issue; USDC's 2023 dip was a bank failure; xUSD's 2025 crash was due to risky yield strategies and a counterparty loss; and TerraUSD's 2022 collapse resulted from a flawed algorithmic design that triggered a death spiral. In 2026, a market-wide decline (total supply dropped ~$14.6B) is driven by new US regulations banning yield, reducing the arbitrage capital cushion that absorbs shocks. Market concentration remains high, with USDT and USDC comprising ~83% of the market, meaning any issue with either poses systemic risk. To interpret future de-pegs: identify the cause (reserve-backed coins tend to recover; algorithmic or yield-based models may not); monitor redemption processing, not just price; and watch for contagion to other protocols and assets, as seen with DAI during the USDC incident.

cryptonews.ru08/23 18:22

Understanding Stablecoin Peg Deviations: What Actually Happens When a Digital Dollar Loses Its Link to the US Dollar

cryptonews.ru08/23 18:22

Fintech Revolution Summit –Singapore 2026

The Fintech Revolution Summit – Singapore 2026, organized by TraiCon Events, will take place on August 26, 2026, at the Orchard Hotel Singapore, positioning the city-state as a leading regional fintech hub. This high-profile event aims to accelerate digital transformation by gathering over 300 fintech pioneers, regulators, investors, and C-suite executives from banks and financial institutions. Key highlights include in-depth discussions on pressing trends like open banking, embedded finance, AI, blockchain, and digital payments. The summit emphasizes practical strategies, high-level networking for strategic alliances, and an exhibition zone for innovators to showcase products to key decision-makers. Attendees will include central bank authorities, heads of digital innovation, fintech founders, and investors. The event is supported by sponsors including Crest, Decube, and Guardsquare. With 88% of attendees being corporate buyers with spending power, the summit serves as a prime gateway for business partnerships and engaging with Singapore's thriving fintech ecosystem.

TheNewsCrypto08/21 11:30

Russia's Banking Bleed and the Crypto Hunt: Citizens Have Withdrawn 24 Billion Euros from Banks This Year; Bill Limiting Total Crypto Purchases Set to Take Effect

**Title: Russia's Banking System Bleeds Cash as Citizens Turn to Crypto, But New Law Imposes Strict Limits** **Summary:** Russia is witnessing a significant outflow of cash from its banking system, with citizens withdrawing approximately €24.4 billion in the first seven months of 2026. This trend accelerated in July, marking the highest monthly increase for the year. Major banks like Gazprombank and Sberbank have reported substantial deposit losses. Simultaneously, cryptocurrency transaction volumes have surged, with an estimated daily trading volume of around $650 million. Officials note that annual crypto transactions exceed 10 trillion rubles, largely occurring outside regulated channels. Citizens are increasingly using crypto as a tool to hedge against currency depreciation and financial uncertainty. In response, President Putin signed the "Digital Currency and Digital Rights Law," with key provisions taking effect on September 1, 2026. This law severely restricts access for ordinary citizens. Non-qualified retail investors will be limited to purchasing only about $3,600 worth of cryptocurrency (initially Bitcoin, Ethereum, and USDT) per year through any single licensed intermediary. Qualified investors and businesses face no such limits for cross-border settlements. Official explanations for the cash exodus cite technical factors like tax changes and digital payment disruptions. However, analysts and media point to deeper public concerns over potential asset freezes, economic instability related to the war, and a lack of trust in the financial system. Notably, September 1 also marks the public launch of the Digital Ruble, Russia's central bank digital currency (CBDC). This creates a dual dynamic: tightening control over decentralized crypto assets while introducing a state-controlled digital currency for payments. For ordinary Russians, traditional banking is losing appeal, crypto access is being capped, and the new Digital Ruble offers a third, fully state-managed pathway.

marsbit08/20 03:07

Russia's Banking Bleed and the Crypto Hunt: Citizens Have Withdrawn 24 Billion Euros from Banks This Year; Bill Limiting Total Crypto Purchases Set to Take Effect

marsbit08/20 03:07

OCC Promises to Publish Final Rules on GENIUS by November

The U.S. Comptroller of the Currency, Jonathan Gould, stated that his agency will publish final rules for implementing the GENIUS Act, the stablecoin payments law, by November. Speaking at the Wyoming Blockchain Symposium, Gould noted that the OCC reviewed industry feedback on the proposed rules released in February. He expects the regulator to begin processing applications from stablecoin issuers in 2027. The GENIUS Act, signed in July 2025, aims to establish a U.S. regulatory framework for payment stablecoins and requires several federal agencies, including the OCC, Treasury, FDIC, and Federal Reserve, to develop corresponding rules. While multiple regulators have released proposals and gathered public comments, they have not published final rules yet, creating regulatory uncertainty for issuers ahead of the law's effective date in January 2027.

cryptonews.ru08/19 22:12

OCC Promises to Publish Final Rules on GENIUS by November