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Banks vs. Crypto Access, BRICS CBDC Talks & JPMorgan Goes Live
Audio is available on Spreaker — see link below.
UK Parliament demands answers from major banks still blocking authorised crypto firms, while BRICS nations advance CBDC interoperability and JPMorgan's Kinexys platform hits commercial deployment. Three stories reshaping the intersection of regulation, infrastructure, and institutional finance.
Audio is available on Spreaker — see link below.
Britain's parliament has formally written to the CEOs of major UK banks demanding they explain why crypto firms are still being denied basic account access, even as the FCA finalises a full authorisation framework set to take effect by October twenty twenty-seven. That's the sharpest signal yet that the UK's crypto debanking problem has moved from industry grievance to political pressure point.
The banks aren't being arbitrary. The FCA fined Monzo twenty-one point one million pounds in twenty twenty-five for financial crime failures, and fined Barclays forty-two million for similar issues.
Across a very different set of borders, the Reserve Bank of India's governor disclosed this week that BRICS summit discussions have moved into active negotiation on linking national fast-payment systems and central bank digital currencies. This is no longer exploratory conversation.
JPMorgan's Kinexys platform has moved from pilot to commercial deployment. It's now supporting Schroders' tokenised US dollar money-market fund.
The near-term tests are clear. Watch whether the UK's August thirty-first parliamentary deadline produces substantive bank responses or careful non-answers.
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