@Revolut has applied for a U.S. banking license to enhance financial services, allowing for faster product development and FDIC deposit insurance. The company continues expanding its crypto ecosystem. #Update #Crypto
The Federal Reserve proposes a rule to eliminate “reputation risk” from bank supervision, aiming to protect lawful customers, including crypto firms, from debanking pressures. Comments due in 60 days. #Update #Crypto $BTC
UBS considers integrating cryptocurrency services into its private banking offerings, potentially enhancing access to digital assets for high-net-worth clients. #Update #Crypto
@ZKsync launches Prividium, a ZK-blockchain for institutional use, enhancing privacy and regulatory compliance while enabling seamless cross-chain interactions with Ethereum by 2026. #Update #Crypto $ETH
French banking giant offers crypto services to millions, integrating $BTC into traditional banking systems, enhancing accessibility and adoption. #Update #Crypto $BTC
@Revolut, @Nubank, and @MercadoPago are pursuing banking licenses in Mexico, targeting middle-class customers amid rapid market growth. Regulatory hurdles persist for foreign entrants. #Update #Crypto $MATIC
@Crypto.com has applied for a banking license with the U.S. Office of the Comptroller of the Currency to enhance custody services for institutional clients, aiming for federal-level offerings across blockchain protocols. #Update #Crypto $CRO
A coalition of U.S. crypto and fintech groups warns that bank data access fees could hinder connections to digital wallets and stablecoins, urging the CFPB to maintain open banking protections in Rule 1033. #Update #Crypto
@SonyBank’s subsidiary Connectia Trust has applied for a National Trust Charter in the U.S. to issue a stablecoin pegged to the dollar, amid opposition from the American Bankers Association. #Update #Crypto $USDC
@MorganStanley plans to offer crypto trading on its E-Trade platform by 2026, influenced by President Donald Trump’s pro-crypto actions. #Update #Crypto (+7) ↗
@EOSNetwork rebrands to Vaulta, focusing on Web3 banking with a token swap planned for May 2025 and new partnerships with Ceffu and Spirit Blockchain. #Update #Crypto (+4) ↗
The House Oversight Committee investigates the FDIC’s crypto policies for potential political motives or regulatory overreach, impacting crypto banking. #Update #Legal (+3) →
Bitcoin.com: The Federal Deposit Insurance Corporation (FDIC) released 175 documents on Feb. 5, detailing its oversight of banks engaged in crypto, signaling a regulatory overhaul. #Update #Crypto (+3) →
The Swiss Federal Chancellery has registered the “Bitcoin Initiative,” aiming to integrate $BTC into the Swiss National Bank’s reserves through a constitutional amendment, requiring 100,000 signatures for progress. #Update #Crypto @SwissChancellery ↗ +4
