Category: banking

Crypto custodian Anchorage nabs national bank charter from OCC

Crypto custodian Anchorage nabs national bank charter from OCC

Anchorage has won the race to become the first federally chartered digital asset bank by obtaining a national bank charter from the Office of the Comptroller of the Currency (OCC). The institutional crypto custodian is now on even firmer footing with its designation as a “Qualified Custodian” under the Securities and Exchange Commission’s (SEC) requirements. […]

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Fiat Freeway: Paxos Closes its $142M Series C Round, FinCEN’s Coming for Self-hosted Wallets

Fiat Freeway: Paxos Closes its $142M Series C Round, FinCEN’s Coming for Self-hosted Wallets

Quick Take ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins.  This week’s column examines Paxos’ $142M Series C fundraising and FinCEN’s newly proposed KYC rules for digital wallets. This research piece is available to members of The Block Genesis. You can continue reading this Genesis […]

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Fiat Freeway: Digital Assets Face Backlash from Capitol Hill

Fiat Freeway: Digital Assets Face Backlash from Capitol Hill

Quick Take ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins.  This week’s column focuses on the recent backlash the digital assets and financial services industries are facing from Capitol Hill. This research piece is available to members of The Block Genesis. You can continue reading […]

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US bank regulator unveils push to compel banks to provide fairer access to banking services

US bank regulator unveils push to compel banks to provide fairer access to banking services

A proposed rule from the US Office of the Comptroller of the Currency seeks to provide a particular kind of equitable relief to affected businesses: fairer access to banking services.  Published on November 20, the OCC’s stated position is that “banks should provide access to services, capital, and credit based on the risk assessment of […]

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Southeast Asia’s Largest Bank DBS Plans to Launch a Cryptocurrency Exchange

Southeast Asia’s Largest Bank DBS Plans to Launch a Cryptocurrency Exchange

The Singaporean multinational banking and financial services corporation DBS published an announcement revealing it was launching a cryptocurrency exchange. The announcement was later removed by the company, but crypto proponents have learned about the upcoming support for assets like bitcoin, ethereum, and bitcoin cash. DBS Bank Ltd is Southeast Asia’s largest bank in terms of […]

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Around 100 Italian banks are now part of a permissioned blockhain network developed by R3

Around 100 Italian banks are now part of a permissioned blockhain network developed by R3

A cohort of 42 Italian banks has signed up to use a private blockchain network known as Spunta, bringing the total number now using the payment infrastructure to around 100. Spunta, which is based on R3’s permissioned blockchain platform, Corda, is an interbank reconciliation system. The network verifies the matching of correspondent accounts, which banks […]

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Mapping out crypto-friendly banks & e-money institutions

Mapping out crypto-friendly banks & e-money institutions

Quick Take Businesses within the digital asset industry often have trouble establishing banking relationships due to compliance costs and reputation risk As the industry continues to mature, larger banks will likely begin offering their services to crypto clients, as The Block previously found that there are currently three times as many crypto-friendly banks as there […]

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