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The U.S. state of Wyoming has requested to intervene in the case between Custodia Bank and the Federal Reserve System, seeking to defend its framework allowing certain crypto firms to qualify as state-chartered banks.In an April 10 court filing, Wyoming Attorney General Bridget Hill filed a motion to “intervene in
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“Although an adverse determination against Custodia on the merits of Custodia’s application and unique situation may not prejudice the State, the Defendants’ apparent determination that Wyoming’s SPDI statutes and regulations, and SPDI banks themselves, are deficient will,” Hill’s report argued. Source
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Details from the United States Office of the Comptroller of Currency (OCC) show that Paxos’ application for a national banking charter, under “2020-NE-Charter-318305”, expired on March 31. Paxos national banking charter application expires Paxos, a stablecoin issuer regulated by the New York Department of Financial Services (NYDFS), had applied for a license under the
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“Dozens of folks are still involved though not as employees, and some employees are still in place. Money is a problem, though there is a signed deal which has been very slow in funding,” said the source. “Operations, risk management, compliance, data centers/applications etc. are all sitting in a ready
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Crypto exchange FTX US has applied for a trust charter with the New York Department of Financial Services, or NYDFS, to operate in the state. In a Wednesday announcement, FTX US said it had applied to form a limited purpose trust company with New York's financial services regulator in an effort
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FTX US has applied for a trust charter with the New York financial services regulator which would allow it to operate in New York and offer its products to users. Original Source
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The State of Wyoming has approved California-based crypto broker SFOX for a trust charter, allowing the firm to provide custodial and other crypto-related services to institutional clients.In a Tuesday announcement, SFOX said the Wyoming trust charter will allow the firm to operate in the state as the SAFE Trust Company,
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Paxos hopes to be at the forefront of that wave of regulation and the recently gained approval is one more step along that road. The crypto giant Paxos received preliminary conditional approval from the US Office of the Comptroller of Currency (OCC) on Friday. Paxos joins
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The U.S. Office of the Comptroller of the Currency (OCC) has granted today stablecoin company and PayPal collaborator Paxos a federal charter to form a national trust bank — just the third such charter the OCC has granted crypto-native companies. Paxos joins custody firm Achorage, who was the first to receive
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The new applications and measures being implemented by public health authorities across the world during the COVID-19 pandemic have sparked debate over how to balance biosurveillance with individuals' right to the privacy of their personal information.In California, the Collaborative Charter Services Organization, which provides administrative support services to public charter schools,
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