Kraken has become the world's first digital asset bank after receiving approval from the state of Wyoming to form a Special Purpose Depository Institution.
Puerto-Rico based Arival claims to be the first fintech bank for “abnormal” customers, which is why digital currency firms fit the bill.
From central bank digital currency to more regulatory oversight, the crypto space continues moving forward.
Stock and cryptocurrency trading platform Robinhood has come to realize that its goals may have extended well beyond its reach.
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.