Circle Intends to Become a Full-Reserve National Commercial Bank – Bitcoin News
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USDC Builder Circle Discloses Its Plan to Become National Crypto Bank
In an announcement made by Circle on Monday, the organization reveals that it is planning to expand its work scale by evolving into a full reserve national commercial bank.In a recent change of events, Circle which is a digital currency platform hosting stablecoins now intends to evolve and work as
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Circle plans to become a full-reserve national digital currency bank
Goldman Sachs-backed digital payment company Circle has officially disclosed plans to become a full-reserve national digital currency bank in the United States.Announcing the news on Monday, Circle co-founder and CEO Jeremy Allaire noted that Circle is willing to operate under the supervision and risk management requirements of the Federal Reserve,
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ICO fines national takeaway pizza company for unlawfully sending marketing messages to its customers
The Information Commissioner’s Office (ICO) has fined Papa John’s (GB) Limited £10,000 for sending 168,022 nuisance marketing messages to its customers without
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Australian senate committee calls for national blockchain land registry
An Australian senate committee has published a report calling for a blockchain-based national land registry, better clarity over laws relating to smart contracts, and continued efforts to establish international standards for DLT.The Select Committee on Australia as a Technology and Financial Centre's second interim report offers 23 recommendations spanning blockchain,
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Crypto Payments Startup Metal Pay Applies for National Bank Charter
The recent application will first go for public comments for a 30-day period and later will move towards OCC approval. Metal Pay expects a decision from the OCC within the next four months.Metal Pay, the US-based peer-to-peer crypto payments startup, has recently applied for a National Bank Charter in America.
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Crypto Startup Metal Pay Files for National Bank Charter
Peer-to-peer crypto payments platform Metal Pay has filed to become a national bank in the U.S.The startup filed a charter application for “First Blockchain Bank and Trust, N.A.” with the Office of the Comptroller of the Currency (OCC) on Feb. 3, CEO Marshall Hayner told CryptoX. Metal Pay will shortly
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Blockchain Bites: OCC’s Head Stepping Down, Anchorage to Become First National ‘Digital Asset Bank’
Bitcoin is booming again as crypto-bull Brian Brooks pushes through his “open access” banking rules before stepping down as the top U.S. banking regulator.Top shelfGoing public?The Winklevoss twins are considering taking Gemini Trust, the cryptocurrency exchange and custodian founded in 2014, public, according to a Bloomberg interview. “We are definitely
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Anchorage Becomes First OCC-Approved National Crypto Bank
Crypto custodian Anchorage has secured conditional approval for a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC), making it the first national “digital asset bank” in the U.S.The safekeeping, management and trading of digital assets have been regulatory stumbling blocks for large financial institutions
Read MoreICO and National Privacy Commission, Philippines, sign Memorandum of Understanding
UK Information Commissioner, Elizabeth Denham, and her counterpart in the Philippines, Commissioner and Chairman Raymund Enriquez Liboro (NPC), have today signed a
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