USDC’s Circle is becoming a commercial bank
Circle, one of the two companies behind the USDC stablecoin, has just announced that it will become a full-reserve national commercial bank.
Latest bank News
Kraken becomes world’s first digital asset bank
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.
Digital currency-friendly Bank Arival launches—but with a catch
Puerto-Rico based Arival claims to be the first fintech bank for “abnormal” customers, which is why digital currency firms fit the bill.
This week in crypto Jan 31, 2020: a look at some of the highlights
From central bank digital currency to more regulatory oversight, the crypto space continues moving forward.
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.