Elizabeth Warren raises alarm over MrBeast’s teen banking app encouraging ‘risky investments’
Sen. Elizabeth Warren is raising concerns about a popular YouTuber’s recent venture into financial services with his acquisition of a…
Tag: banking
Revolut seeks US banking licence to expand services
Revolut has applied for a US banking licence to deepen its presence in the market. Summary Fintech firm Revolut has…
Federal Banking Agencies Clarify Capital Rules for Tokenized Securities, Signaling Tech-Neutral Approach
Federal banking regulators on Thursday said tokenized securities should generally receive the same capital treatment as their traditional counterparts, reinforcing…
U.S. banking agencies say capital should be same for standard or tokenized securities
The U.S. Federal Reserve and other regulators told bankers that they need to maintain the same amount of capital to…
Crypto-friendly fintech giant Revolut files for U.S. banking license
Revolut, the U.K. fintech giant that offers crypto trading, filed an application for a U.S. banking license with the Office…
Fed Signals Pro-Innovation Shift to Support Digital Asset Banking
The Federal Reserve outlined plans to clarify digital asset rules and explore a capital framework for stablecoin issuers, as Vice…
Oobit Launches Real-Time Wallet-to-Bank Transfers to Bridge Stablecoins and Local Banking
Oobit has introduced a new infrastructure layer that allows users to send stablecoins from self-custody wallets directly into local bank…
U.S. banking regulator OCC proposes stablecoin rules to implement GENIUS act
The Office of the Comptroller of the Currency (OCC) has unveiled a comprehensive proposal to implement the GENIUS Act, marking…
American Bankers Association Chair on The State of Banking
Kenneth Kelly, chair of the American Bankers Association and chairman and CEO of First Independence Bank, says the banking system…
Anchorage Digital offers non-U.S. banks a stablecoin stand-in for correspondent banking
Anchorage Digital, the first crypto firm to get a U.S. banking charter, wants international banks to swap out correspondent banking…