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The Bank of England is preparing to grant exemptions to its proposed stablecoin ownership limits, allowing certain digital asset firms including crypto exchanges to hold large amounts of the tokens, according to people familiar with the matter. The move marks a potential shift in the central bank's

Standard Chartered has highlighted a growing potential risk for emerging-market (EM) banking systems, estimating that up to USD 1 trillion could leave EM banks for stablecoins over the medium term. The bank on Monday identified how the rise of stablecoins, digital assets pegged to fiat currencies li

The European Central Bank has selected Portuguese artificial intelligence startup Feedzai to develop fraud prevention systems for its planned digital euro, marking a significant step in the central bank's effort to reduce the euro zone's dependence on U.S.-dominated payment systems. What to Know: Th

JPMorgan Chase has begun deploying artificial intelligence agents capable of handling complex tasks across its operations, part of what the bank's chief analytics officer calls a "fundamental rewiring" to create the world's first fully AI-connected financial institution. The effort, which already pr

Bank of England Governor Andrew Bailey said Wednesday that any stablecoin achieving widespread payment use in Britain must operate under banking regulations, including depositor protections and access to central bank reserve facilities. What to Know: Bailey's position marks a tonal shift from his pr