Regulatory approval doesn't mean banks are about to begin providing crypto custody, but it is accelerating a conversation about financial institutions safeguarding bitcoin.
Bitcoin Suisse said some of the funding will go to new product offerings if its banking license applications are successful.
U.S. regulators have cleared the way for national banks to provide cryptocurrency custody services on behalf of customers.
UK fintech bank Revolut will give its customers legal ownership over their cryptocurrencies next month, but will limit how they can spend those coins.
“My job here is not to protect incumbents,” says acting Comptroller of the Currency (and Coinbase veteran) Brian Brooks of his fintech-forward agenda.
A federal banking regulator is seeking public input on how cryptocurrencies interact with the national banking system and financial institutions.
The banks will be joined by representatives from big business and the government to lay out how to create shared digital payments system.
Russians have been withdrawing vast amounts of cash after President Putin announced new coronavirus measures.
Square, the bitcoin-friendly company behind Cash App, announced Monday it is participating in the U.S. government’s emergency Paycheck Protection Program.
Fintech challenger bank Revolut accelerated its plans to offer crypto buy and sell services due to recent actions by central banks, said head of crypto Edward Cooper.
Is a cash-based society sustainable in a pandemic? Hoarders say yes. Health experts say maybe. Visionaries say no: It’s a moment for systemic change.
To secure their futures, banks have to confront their fear of change and embrace innovation, says consultant Chuck Fried.
Zabo, which claims to be able to link bank accounts to crypto wallets directly, raised $2.5 million from Moonshots Capital and other firms to build out its engineering team and customers.
Revolut raised $500 million, but did not specify if any of the funding will go toward improving its cryptocurrency offering.
Institutions including the Shinhan and NH Nonghyup banks have joined a blockchain identity initiative aimed to securely share personal data.