Search Results for "banking charter approval"
Banking on Blockchain: FinTech and Digitalization Will Play a Significant Role for the Chinese Banking Industry
China’s banking industry for small to medium-sized enterprises (SMEs) will rely on digitization and financial technology to build a “new infrastructure” for the entire industry. Highly endorsed by the country’s president, Xi Jinping, blockchain technology has seen a surge in popularity in the past year.
Donald Trump is “Not a Fan” of Bitcoin and Crypto, Citing High Volatility
“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money.” Donald Trump tweeted on 11 July.
World First Crypto Bank Sygnum Receives Approval To Offer Banking Services In Singapore
Sygnum has been granted approval by the Monetary Authority of Singapore (MAS) to operate digital markets/banking services in the country
US Senator Pat Toomey Eyes Senate Banking Committee Chair and Digital Currency Regulations
United States Senator Pat Toomey said he will take on digital currency regulation and payments reforms should he become the Senate Banking Committee’s next chairman.
Ziglu Mobile Banking App Makes Cryptocurrency Easy for Everyone
Ziglu, the first UK regulated cryptocurrency bank, has launched its platform app after successfully completing its testing phase.
Brazilian Banking Federation President Claims Crypto Cannot Replace Fiat Money
The President of Brazilian Banking Federation has argued that cryptocurrencies do not meet the basic criteria of real currencies.
US Lawmakers Want STABLE Act to Force Stablecoin Issuers to Secure Bank Charters
US lawmakers have introduced a new bill to Congress seeking to impose federal control over the entire stablecoin industry and would mandate issuers to secure bank charters.
Russian Banking Giant Sberbank to Tokenize Financial Assets Using Stablecoins
Sberbank, Russia’s biggest bank, has disclosed the possibility of issuing tokens to be utilized in digital financial assets (DFA) settlements. The token will be in the form of a stablecoin to be pegged to the nation’s currency, the Russian ruble.
Sofi BitLicense Receives NYDFS Approval
The New York Department of Financial Services (NYDFS) has approved the SoFi BitLicense, a subsidiary of Social Finance, thereby agreeing and allowing its residents to get involved in digital currency trading.
Caitlin Long's Avanti Becomes the Second Crypto Bank in the US, Open for Commercial Clients in Early 2021
The Avanti Financial Group has recently become the second cryptocurrency company to get a banking license in the United States.
JP Morgan Chase Approves Major Crypto Exchange Clients Coinbase and Gemini
JPMorgan Chase, the largest bank in the United States, has set the ball rolling by accepting crypto exchanges Gemini and Coinbase as banking customers. This is a sign that Bitcoin and other cryptocurrencies are being embraced in the American financial landscape and Wall Street. The bank gave Coinbase and Gemini accounts the green light in April, and transactions are just kick-starting. Reportedly, JPMorgan Chase is offering cash-management services to the exchanges, as well as dealing with dollar-based transactions for their US-based clients.
40 German Banks Are Seeking Regulatory Approval to Offer Bitcoin Custody
Many German banks have filed a request to introduce a digital asset custody business. Germany’s Federal Financial Supervisory Authority, popularly identified as BaFin, has received over 40 applications from German banks interested in offering crypto custody services.