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The London-based online banking platform Cashaa is planning to launch a crypto-friendly neobank — or internet bank — in India. Kuman Gaurav, the founder of Cashaa, told Cryptox that Cashaa India will allow Indian businesses and individuals to open a savings account with them and buy, store and save cryptocurrencies just
Read MorePer an interpretive letter from the U.S. Office of the Comptroller of the Currency released on Monday, national banks will be free to hold reserve currencies for stablecoins.The new guidance reads, "We conclude that a national bank may hold such stablecoin 'reserves' as a service to bank customers."Alongside the announcement,
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Credit Suisse is to launch a digital banking app to rival the likes of Revolut and N26. The CSX app will feature free online banking tools, including an online debit card and other capabilities such as mortgage applications, investments and pensions.Swiss investment banking company Credit Suisse Group AG (SWX: CSGN)
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A new app that allows users to buy bitcoin, as well as earn interest on holdings, is reportedly looking at going public in the U.K. UPDATE (Sept. 7, 13:50 UTC): This article has been updated to clarify that Mode Banking uses custodial provider BitGo to hold customer assets. Source
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U.S. Senate Banking Committee Chairman Mike Crapo asked to know more about the OCC's potential crypto guidance, but encouraged clear regulation. Source
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Per a July 22 announcement shared with Cryptox, the Office of the Comptroller of the Currency (OCC) is granting permission to federally chartered banks to custody cryptocurrency.The future of banking with crypto on boardThis issue has seen much skepticism, given that crypto wallets do not resemble the custody requirements of
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Abra, the company behind the global crypto and fiat wallet and exchange app of the same name, plans to give the world banking services underpinned by Stellar's blockchain — one of the results of the SDF's $5 million investment in Abra earlier in 2020. During the SDF's digital second quarter review
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The Italian Banking Association (ABI) has revealed it would be willing to support the implementation of a digital currency from the European Central Bank.According to a June 28 update on the ABI website, the association had approved guidelines governing its position on digital currency and central bank digital currencies (CBDCs). The
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The new top banking regulator for the Trump administration sees “huge and great promise” in cryptocurrency. Focusing on decentralized networks, bitcoin, and rewriting existing regulations, he shares his views on cryptocurrency and the creation of the digital dollar.Top US Banking Regulator Is Pro-CryptoBrian Brooks recently became the new acting
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[sociallocker id="55298"] Lebanon’s financial crisis has banks looking for alternative monetary policy and citizens scrambling for alternative banking services. The economic crisis has been raging for years, but political turmoil and the pandemic-induced global market downturn has raised fears of government defaults and the devaluation of the Lebanese pound. As a
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