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OCC Economist Cites Benefits of Issuing Bank Charters to Stablecoin Providers
15.12.2020
The OCC's head economist said in a paper that chartering stablecoin providers would offer benefits to consumers, as well as to the firms themselves
Aegis Custody Clears Hurdle in Bid for South Dakota Trust Charter
11.12.2020
Aegis Custody wants to build a tokenized bridge between U.S. investors and trade finance opportunities in Asia
Paxos Becomes Latest Crypto Firm to File for Federal Bank Charter
9.12.2020
Stablecoin issuer and crypto services firm Paxos has filed to become a federally-regulated bank in the U.S. According to a public document released Wednesday and dated Dec. 8, Paxos is seeking to create the Paxos National Trust, filing an application with the Office of the Comptroller of...
New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval
4.12.2020
Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin. Instigated by Rep. Rashida Tlaib, with support from Reps. Jesús García and Stephen...
Custodian Anchorage Seeks Charter From Crypto-Friendly US Bank Regulator OCC
17.11.2020
If its application is approved, Anchorage would be the first crypto company to get a national bank charter
Blockchain Bites: Figure Files for Banking Charter, Cred for Bankruptcy
9.11.2020
Also: Ripple is opening a new office in Dubai and President-elect Joe Biden mulls two crypto-friendly potential cabinet picks
Figure Technologies Applies for US National Bank Charter
6.11.2020
A charter would give the fintech national clearance for its blockchain-based financial services
Crypto Startup Avanti Receives License To Operate as National Bank in Wyoming
30.10.2020
Crypto startup Avanti Financial Group has been granted a license to offer banking services by the Wyoming State Banking Board. The license, or bank charter, means Avanti can now operate as a conventional bank – but one with a twist, capable of holding both crypto and dollars. It plans...
Interview: Caitlin Long and David Kinitsky on crypto's big win with Kraken Financial bank charter
17.9.2020
Avanti CEO and Kraken Financial Managing Director discuss Wyoming's progressive steps in blockchain regulation
Kraken Cryptocurrency Exchange Gets US Banking License, Plans to Be Global Bank
17.9.2020
Cryptocurrency trading platform Kraken has received a banking license recognized under federal law to operate as a bank in the U.S. The company has outlined its plans to offer a number of cryptocurrency-focused financial services locally and globally. Kraken Now a US Bank Kraken announced Wednesday...
Kraken Becomes First Crypto Exchange to Become a US Bank
16.9.2020
Kraken is the first cryptocurrency firm to become a bank. On Wednesday, the Wyoming Banking Board voted to approve the San Francisco-based crypto exchange’s application for a special purpose depository institution (SPDI) charter. Kraken is the first SPDI bank in Wyoming and according to the Wyoming...
OCC Chief Says Americans Gravitating Toward Digital Currencies: Urges Banks to Embrace Innovation
21.8.2020
Brian Brooks, the acting comptroller of currency at the U.S. Office of Comptroller of Currency (OCC), says America must adopt digital currency payment rails if the country hopes to compete with global payment rails in the future. He insists changing consumer needs must be prioritized over...
Demand for Charter Cities During Covid-19 Pandemic Grows Exponential – People Desire Semi-Autonomous Zones
17.6.2020
For quite some time now, a number of libertarians, bitcoin evangelists, and blockchain entrepreneurs have been promoting the idea of charter cities and seasteading concepts. One such project, Pronomos Capital, has raised $9 million from heavyweight investors like venture capitalist Peter Thiel....
Caitlin Long’s Avanti Raises $5M, Submits Wyoming Banking Charter Application
2.6.2020
Crypto bank Avanti has raised an angel round from the University of Wyoming Foundation, Anthony Pompliano’s Morgan Creek Digital and other investors
Payments Unicorn Square Gets Limited Bank Charter for Merchant Lending
18.3.2020
Square Financial Services was given conditional approval by the FDIC Board for an Industrial Loan Company bank charter on Wednesday
What It Takes to Get a Crypto-Friendly Bank Charter in Wyoming
14.1.2020
An SPDI charter offered in Wyoming lets U.S. firms offer banking and custody services under a regulator that’s not the FDIC, but the application and capital requirements are as rigorous as launching a de novo state-chartered bank
Robinhood Withdraws Bank Charter Application Due to Regulatory Challenges
28.11.2019
Robinhood has withdrawn its bank charter application with the U.S. Office of the Comptroller of the Currency due to regulatory challenges
Fidelity Digital Assets Gets NY Trust Charter to Custody Bitcoin for Institutions
19.11.2019
The New York Department of Financial Services has granted Fidelity Digital Assets Services (FDAS) a charter to operate as a limited liability trust company to custody digital currencies and execute crypto trading
Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto
2.8.2019
On August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description...
How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra
14.7.2019
Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion...