LC Insight
Friday, November 13, 2026Read the chain, not the rumors.

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Banking news and analysis from LC Insight: 9 stories, newest first.

AI & RWA

Deutsche Bank custody site says bitcoin, ether and 3 stablecoins are available in Germany

Germany's largest bank says its digital asset custody is available to Corporate Bank clients in Germany. Retail customers are not part of it.

Policy

Canada proposes barring banks from issuing stablecoins directly. Subsidiaries only

Budget 2026 proposes to bar federally regulated banks, trust companies and insurers from issuing stablecoins themselves. They would have to use a separate non-financial subsidiary that the Bank of Canada supervises.

AI & RWA

GL1 Org launches with HSBC and JPMorgan on its member list. What will it build?

Global financial institutions have formed the Global Layer One Organisation to push shared rules for tokenized markets. Its site lists HSBC, JPMorgan, MUFG, Forge and Standard Chartered as members. The project began at Singapore's central bank in 2024.

Security

Hackers drained French bank Arkéa's own account. It calls a $133 million estimate about right

Crédit Mutuel Arkéa confirmed a cyberattack that sent fraudulent transfers out of the bank's own account, possibly into crypto. It denies the attackers came in through Fortuneo and says customer savings are safe.

AI & RWA

Circle and ACI want banks to settle in USDC on rails they already run. First: Colombia

ACI Worldwide, which built the core of Colombia's Bre-B instant payment system, will plug Circle's USDC into its payments platform for a Colombian pilot. The two companies gave no volumes, no bank names and no launch date.

Guides

GENIUS Act explained: what the US stablecoin law requires and who enforces it

The GENIUS Act is the US federal law for payment stablecoins. It requires full reserves, quick redemption and no interest for simply holding a token, and it takes effect on January 18, 2027, under the OCC's final rule.

Policy

Tokenized gilts as margin? The Bank of England says yes; stablecoins must wait

The Bank of England says clearinghouses can already accept tokenized versions of collateral they take today, and set out what they must check first. Stablecoins, tokenized money funds and tokenized gold get questions, not approval.

Policy

Stablecoin issuers need OCC approval by January 18, 2027. Applications are not open yet

The US bank regulator finalized its GENIUS Act rule on October 21, 2026. Issuing a US payment stablecoin without approval becomes a crime in January, and existing issuers will lean on waivers.

Exchanges

Kraken's owner is buying a bank in Lithuania. What does that unlock in the EU?

Payward agreed to buy Saldo Bank, a digital lender licensed in Lithuania and active in four EU markets. If regulators approve, Kraken's parent could offer Europeans deposits, loans and cards from its own bank.