banking Archives - Free Bitcoin Earning Sites

Crypto custodian Anchorage nabs national bank charter from OCC

January 13, 2021 Anchorage, banking, charter, Custody, OCC, Payments and Banking, Regulation Eddy 0

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. […]

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

December 24, 2020 banking, Banking regulation, crypto regulations, Crypto wallets, Cryptocurrency, fincen, Institutional, Op-Ed, Paxos, Regulation, Research, Securities and Exchange Commission, Stablecoins, Wallet, Wallets, Wyoming, Wyoming laws Eddy 0

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 […]

The Interchange: Wait, it’s all just banks?

December 10, 2020 banking, Bitcoin, payments, Payments and Banking, The Interchage Eddy 0

Quick Take It’s often said that every tech company wants to be a bank. But it hasn’t fully materialized, yet. While crypto companies are rapidly pushing the boundaries of market structure and wanting to be banks themselves, so far only Wyoming special state charters have offered early forms of success. The recent break-neck pace of […]

Fiat Freeway: Digital Assets Face Backlash from Capitol Hill

December 9, 2020 banking, CBDC, Central Bank, congress, crypto-custody, Cryptocurrency, Custody, Financial Services, Institutional, OCC, Op-Ed, Regulation, Research, Stablecoin, Stablecoins Eddy 0

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 […]

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

November 21, 2020 assessment, banking, Institutional, OCC, services Eddy 0

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 […]

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

October 27, 2020 announcement, arp, banking, Banks, Bitcoin, bitcoin cash, crypto, Cryptocurrency, DBS bank, DBS Bank Ltd, DBS Digital Currency Exchange, DBS Digital Exchange, DBS Ltd, Ethereum, Fiat Minimalist, Financial Services, multinational banking, News, Security Tokens, stablecoin issuers, STO, XRP Eddy 0

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 […]

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

October 14, 2020 banking, Blockchain, Corda, Infrastructure, Payments and Banking, Permissioned blockchain, R3, Technology Eddy 0

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 […]

Mapping out crypto-friendly banks & e-money institutions

October 1, 2020 banking, blockchain payments, crypto banks, e-banking, Genesis, International Remittance, Maps, payments, remittances Eddy 0

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 […]

Category: banking