This week in crypto; a look at some of the highlights
From central bank digital currency to more regulatory oversight, the crypto space continues moving forward.
Latest bank News
Robinhood pulls back on plans to secure a banking charter in the US
Stock and cryptocurrency trading platform Robinhood has come to realize that its goals may have extended well beyond its reach.
WEG Bank granted crypto license in Estonia
The small specialized German bank is branching out to start servicing customers in eastern Europe.
Four hundred new clients join Swiss bank demanding crypto products
Maerki Baumann found itself swamped with new customers because of its shift to crypto.
Israel Bitcoin Association petitions banks to reveal crypto policy
The crypto advocacy group is fighting to get fair treatment from Israeli banks.
BTC investors stopped from depositing funds to pay taxes
Israeli banks are making it difficult on BTC investors, despite action from tax authorities.
Swissquote Bank reports profit fall in H1 as crypto business declines
Although the crypto markets moved quite a bit in early 2019, Swissquote Bank didn’t profit from it.
Taiwan issues three new virtual banking licenses
Taiwan is hoping to set up new competition in the Asia digital currency scene with the licenses.
FairX crypto banking firm shuts down after running out of money
FairX has been forced to shutter its doors and turn off the lights as it wasn’t able to receive the funding it needed to be classified by the US Federal Deposit Insurance Corporation.
Bitcoin Suisse seeks Swiss banking license
Bitcoin Suisse wants an official banking license to join the regulated crypto landscape of Switzerland.
Bank asks Tether to close its accounts
Metropolitan Commercial Bank based in New York has contacted Tether and requested that it close its accounts.
Italian banks to use blockchain to improve efficiency
After much study, Italian banks are ready to move forward with blockchain technology to cut the bureaucratic tape.