Nebraska bill to allow banks to offer crypto services passes to final round
Nebraska could follow Wyoming and open its first crypto bank should the bill pass the final round. Go to Source Powered by WPeMatico
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Swiss SEBA Bank Dives Into Defi Expanding Its Offering With 3 Tokens
Switzerland-based crypto bank SEBA is adding support for three defi tokens, bringing the number of cryptocurrencies available on its platform to a total of nine. SEBA clients are able to buy, store and trade with fiat any of these cryptos. SEBA Bank Supports the Coins of 3 Defi Protocols With the new tokens, SEBA Bank … Read more
OCC Grants Crypto Firm Paxos ‘Conditional Approval’ for US Bank Charter
The digital currency and stablecoin issuer Paxos has been granted conditional approval for a bank charter under the Paxos National Trust in New York. The U.S. Office of the Comptroller of the Currency issued a preliminary conditional approval which means the regulating entity still has to authorize the firm’s future banking plans. Paxos Granted Preliminary … Read more
Crypto bank opens physical location in India’s capital as potential regulatory ban looms
Unicas is planning to open 50 banks in India by the end of the year, but a proposed bill banning crypto could complicate matters. Go to Source Powered by WPeMatico
Indian crypto bank opens physical location, eyes 100 branches by 2022
India is now home to the world’s first physical crypto bank branch despite regulatory uncertainty surrounding virtual currencies in the country. Go to Source Powered by WPeMatico
MinePlex Creates CrossFi Crypto Bank by Combining Traditional Finances With Blockchain
PRESS RELEASE. The MinePlex platform announces the creation of a new mobile crypto bank for CrossFi industry that aims to combine the traditional financial instruments with blockchain technologies. The mobile crypto bank is supplied with the functionality that allows using cryptocurrencies in everyday life: paying for clothes, food, gadgets as well as for utilities, internet … Read more
Crypto Startup Avanti Receives License To Operate as National Bank in Wyoming
Crypto startup Avanti Financial Group has been granted a license to offer banking services by the Wyoming State Banking Board. The license, or bank charter, means Avanti can now operate as a conventional bank – but one with a twist, capable of holding both crypto and dollars. It plans to launch in 2021. According to … Read more
Swiss Bank Julius Baer Offers New Digital Asset Services With Licensed Crypto Bank SEBA
Switzerland, a nation that’s been quite positive towards crypto business, is facilitating the integration between its traditional financial sector and the blockchain industry. With greater regulatory clarity and stability coming, established banks are plucking up the courage to offer digital asset products and services helped by local fintechs. Also read: Companies Keep Flocking to Swiss … Read more
The $100m Karatbars ICO Raises Questions Which Can’t be Answered
A growing list of cryptocurrency-themed projects has turned out to be complete scams. Most of those ventures are no longer around, although there are some exceptions. In the case of Karatbars, it seems things have begun to unravel in quick succession. The project is under investigation for a variety of reasons. Karatbars and its Gold … Read more
The Rise of Crypto Banks Begins in Switzerland
Switzerland aims to position itself as a European leader in the cryptocurrency world. This becomes apparent when looking at the adoption of crypto assets. Additionally, several banking licenses have been issued to what is referred to as “crypto banks” This is a clear sign the future of cryptocurrency looks somewhat promising. although no one should … Read more
