banks

banks

Markets

US Regulator to Shake Up Banking With Federal Charters for Payment Firms

Acting Comptroller of Currency (and former Coinbase exec) Brian Brooks is spearheading the move to let payment firms operate as banks across state lines.

Acting Comptroller of Currency Brian Brooks

Finance

Barclays' Former Russian Bank Has Issued a Token-Collateralized Loan

Expobank has issued its first loan using WAVES tokens as collateral – the bank are now estimating what future demand could be.

Moscow at night (Shutterstock)

Policy

Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services

Nationally regulated banks want the OCC to clarify just how and when they can provide cryptocurrency services, hinting traditional financial institutions are paying close attention to the space.

National banks are looking for more clarity around crypto, they told a federal regulator last week. (Steven Bornholtz/Wikimedia Commons, modified with PhotoMosh)

Markets

Digital Bank Revolut Adds Stellar to List of Supported Cryptocurrencies

Users will now be able to buy and sell XLM on Revolut’s platform, the fintech firm announced Tuesday.

Revolut app

Policy

Banks Won't Rush to Hold Crypto – But OCC's Regulatory Approval Makes It Harder to Ignore

Regulatory approval doesn't mean banks are about to begin providing crypto custody, but it is accelerating a conversation about financial institutions safeguarding bitcoin.

OCC

Markets

Crypto Bank Hopeful Bitcoin Suisse Raises $48M in First-Ever Round

Bitcoin Suisse said some of the funding will go to new product offerings if its banking license applications are successful.

Zug, Switzerland

Policy

Banks in US Can Now Offer Crypto Custody Services, Regulator Says

U.S. regulators have cleared the way for national banks to provide cryptocurrency custody services on behalf of customers.

Bank vault (State Library of New South Wales, modified by CoinDesk using PhotoMosh)

Markets

UK Fintech Bank Revolut Will Give Customers 'Legal' Ownership Over Cryptos – But With a Caveat

UK fintech bank Revolut will give its customers legal ownership over their cryptocurrencies next month, but will limit how they can spend those coins.

Revolut CEO Nikolay Storonsky (Stephen McCarthy/Web Summit via Sportsfile/Flickr)

Policy

'Inherently Borderless': Acting OCC Chief Talks Crypto, State Licenses and DeFi

“My job here is not to protect incumbents,” says acting Comptroller of the Currency (and Coinbase veteran) Brian Brooks of his fintech-forward agenda.

Brian Brooks

Policy

US Bank Regulator OCC Asks for Public Input on Cryptocurrency Use in Financial Sector

A federal banking regulator is seeking public input on how cryptocurrencies interact with the national banking system and financial institutions.

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