US Crypto Firms Will Soon Have Another Banking Option

Retailers in the food and drink sector, as well as big tech firms, are recognizing crypto's popularity as a payment option Retailers are recognizing bitcoin's growing popularity. NurPhoto/Getty Images Bitcoin.....»»

Retailers in the food and drink sector, as well as big tech firms, are recognizing crypto's popularity as a payment option Retailers are recognizing bitcoin's growing popularity. NurPhoto/Getty .....»»

Brian Brooks, now a US banking regulator, said creating a federal license for crypto startups might make more sense than subjecting them to 50 different state money transmitter approvals......»»

Even though the crypto custody law falls under the German banking act, German banks are hesitant to give crypto firms bank accounts......»»

The announcement comes a week after the country's supreme court overturned a two-year banking ban for cryptocurrency firms......»»

The Reserve Bank of India reportedly plans to return to the supreme court to ask for a review of a ruling that overturned its ban on banking access for crypto firms......»»

The exchange has opened a fiat gateway for Hong Kong dollars, serving a jurisdiction in which banking services for crypto firms are notoriously tough to find......»»

DAG Global says it's had no "red flags" raised in discussions with British financial regulators......»»

Silvergate made its name providing fiat banking services for crypto businesses. Now, CEO Alan Lane wants the bank to handle digital assets themselves......»»

Silvergate made its name providing fiat banking services for crypto businesses. Now CEO Alan Lane wants the bank to handle digital assets themselves......»»

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......»»

Reddit founder Alexis Ohanian’s Initialized Capital, Blockchain Capital and PayPal Ventures are backing TRM Labs in its effort to help financial firms manage crypto risk......»»

Coinfloor will collect a fee for referring reputable crypto startups to electronic money institution Enumis for bank-like current accounts......»»

While crypto firms that acquire licenses could challenge traditional institutions, the challenge for them is to meet stringent requirements under banking l.....»»

RippleX (CRYPTO: XRP) Senior Vice President, Markus Infanger, predicts that the tokenized asset market could surge to an impressive $16 trillion as traditional finance firms are read more.....»»

Although crypto markets seemed to recover from the recent fall, some believe that regulatory uncertainties surrounding Bitcoin mining and trading firms in China could lead to even more sell pressure going forward. read more.....»»

Bitcoin (CRYPTO: BTC) sees more adoption as the Dutch subsidiary of multinational pizza behemoth Domino's Pizza (NYSE: DPZ) is reportedly offering employees the option to be paid in the coin. read more.....»»

Bitcoin Energy Use Is Far Lower Than Banking System & Gold Industry, Report Amid all the contention of the last few days, sparked by Elon Musk's virtue-signaling, the noise-to-signal ratio around the crypto market's energy use has gone.....»»

Cboe's acknowledgment to be Fidelity's exchange partner moves the SEC application process. Thus far, no US crypto ETF application has been approved. .....»»

Galaxy Digital's CEO Mike Novogratz says that he aspires to make his financial services firm the Goldman Sachs of the crypto banking world and Wednesday's announced acquisition of BitGo brings him one step closer to creating that powerhouse franchise......»»