GENIUS Act expands fintech powers, raises concerns for banks

The ECB's call for enhanced cybersecurity investments highlights the urgent need for banks to adapt to evolving AI-driven cyber threats. The post European Central Bank urges banks to boost cyber security investments as AI threats accelerate appeared first on Crypto Briefing.

A South African economist warns that the National Treasury’s proposed crypto regulations are an unenforceable attempt at state control that will ultimately backfire. The Push Toward Decentralized Tech South Africa’s continued reliance on exchange controls will push citizens toward cryptocurrencies and stablecoins unless the system is dismantled, Efficient Group director and chief economist Dawie Roodt […]

The European Central Bank (ECB) has summoned major banks to an emergency meeting to warn of new cybersecurity risks linked to advanced AI models, according to the Financial Times. Frank Elderson, vice chair of the ECB’s Supervisory Board, said banks must become significantly faster at installing security updates. According to the ECB, new AI tools can make it possible to identify and exploit security flaws much faster than in the past. One example is Anthropic’s AI model, Claude Mythos Preview. According to the company, the model has detected thousands of serious vulnerabilities in operating systems and web browsers. European banks are considered more vulnerable because many lack access to the technology, while some US banks are already testing it. The ECB is hoping US banks will share their experiences with European competitors.

The post Euro Stablecoin Showdown: Banks Pitch ‘Qivalis’ as ECB Pushes Back appeared on BitcoinEthereumNews.com. A European corporate treasurer wants euros on-chain to settle supplier invoices instantly. Their bank hints at a forthcoming “Qivalis”-style token for permissioned networks. Meanwhile, product teams prefer widely used crypto-native euros for DeFi liquidity. Then the ECB publishes another note pressing for stricter guardrails. This is the new fault line in European crypto: a contest between bank-built euro tokens and policy-makers intent on keeping payments anchored to central bank money. If you handle treasury, compliance, or crypto strategy in Europe, the next 12 months will be decisive. Here’s what’s really happening, how a “Qivalis” bank token could work in practice, and what the ECB is—and isn’t—willing to tolerate. The Big Picture Europe’s stablecoin market is being redrawn under MiCA, the EU’s landmark crypto framework. Since mid-2024, issuers of euro-referencing stabl

Stablecoins have reached a scale that rivals many national FX reserves, raising new questions around payments, liquidity and regulation.

Deregulation may boost bank lending and revenue but raises concerns about financial stability and competition with emerging digital finance. The post US and UK banks gain $1.3T in lending capacity from leverage ratio deregulation appeared first on Crypto Briefing.

TOTALES confirmed strong bearish as stablecoin dominance printed a TBO close long and stayed above the cloud. BTC is in consolidation but the slow line still points lower. Bitcoin dropped to $74,289 on Saturday. That is the number that gets the most attention. But it is not really where the story starts. TOTALES, which tracks […] The post Stablecoins Are Winning. The Rest of Crypto Is Running Out of Time. appeared first on Live Bitcoin News.

The GENIUS Act shifts stablecoin focus from interest to usage incentives, potentially reshaping user engagement and industry growth strategies. The post Circle CEO discusses stablecoin rewards amid GENIUS Act constraints appeared first on Crypto Briefing.