Anchorage granted US's first national crypto bank charter

With Acting Comptroller Brooks on his way out the door, the OCC has given its first digital bank charter.

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Custodian Anchorage Seeks Charter From Crypto-Friendly US Bank Regulator OCC

If its application is approved, Anchorage would be the first crypto company to get a national bank charter.

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Blockchain-Based Lender Figure Technologies Applies for US National Bank Charter

If granted, the charter would replace the blockchain-based lender's hodgepodge of state licenses with a single nationwide regulator.

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Crypto Startup Avanti Receives License To Operate as National Bank in Wyoming

Crypto startup Avanti Financial Group has been granted a license to offer banking services by the Wyoming State Banking Board. The license, or bank charter, means Avanti can now operate as a conventional bank – but one with a twist, capable of holding both crypto and dollars.

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Avanti Becomes The Second Bitcoin Bank In U.S. After Earning Approval From Wyoming State Regulators

Avanti has received a banking charter from Wyoming state regulators to provide cryptocurrency banking services to its customers. This comes just a month after Kraken received the legal go-ahead for its cryptocurrency bank.

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After Kraken, Avanti Granted the License to Become a Crypto Bank by Wyoming State Regulator

The first one was Kraken, and now another crypto bank is here.  The Wyoming State Banking Board granted Avanti Bank & Trust a bank charter with 8-0 votes that give it the same powers as national banks.

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Caitlin Long Gets Approval For Crypto Bank

Bitcoiner and advocate Caitlin Long has been granted a bank charter that includes custody services for digital assets as well as tokenized dollars. Her company, Avanti Bank & Trust, now...

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Криптовалютный стартап Avanti Кейтлин Лонг получил статус банка в США

Банковский совет штата Вайоминг единогласно одобрил устав и бизнес-план стартапа Avanti, предоставив ему статус официального финансового учреждения. AVANTI IS OFFICIALLY A BANK! Our charter & business plan were approved 8-0 today, incl.

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Avanti Becomes Latest Crypto Startup to Win Bank Charter in Wyoming

Wyoming’s profile as a crypto-friendly state is on the rise. Avanti has received unanimous approval for a bank charter by the Wyoming State Banking Board in an 8-0 vote. Avanti joins Kraken Financial in Cheyenne, Wyo.

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Avanti Bank Launches

Avanti Bank has been granted a bank charter in Wyoming and will offer a tokenized USD on Liquid.

The post Avanti Bank Launches appeared first on Bitcoin Magazine.

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How Does Kraken’s New Crypto Bank Work?

This week Kraken Financial became the first crypto company to receive a U.S. banking charter. Join CEO David Kinitsky for a look at what it all means and how it'll work with hosts Adam B. Levine, Andreas M. Antonopoulos and Stephanie Murphy.

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The first of its kind: Kraken crypto exchange just became a US bank

Yesterday, September 16th, was a big day for the cryptocurrency industry, as a cryptocurrency exchange Kraken, became the first crypto business to become a recognized US bank. The move was brought by the Wyoming Banking Board, which approved the exchange’s application for SPDI (Special Purpose Depository Institution) charter through a vote.

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Crypto exchange Kraken gets Wyoming bank charter approval

Kraken, the popular crypto exchange, today announced that the State of Wyoming has approved its application to form the world’s first Special Purpose Depository Institution (SPDI). Tentatively called Kraken Financial, the institution will enable clients in the U.

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Kraken Becomes First Crypto Exchange to Become a US Bank

On Wednesday, the Wyoming Banking Board voted to approve Kraken’s bank charter application. Kraken is the first SPDI bank in Wyoming.

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Avanti Announces ‘Cash-Equivalent Stablecoin Disruptor’

Avanti’s crypto-friendly bank is now planning to launch in October after its banking charter application was accepted by Wyoming’s banking regulator.

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Avanti Bank Charter & ‘Stablecoin Disruptor’ Fast-Tracked Following OCC Decision

The Wyoming Division of Banking regulators has accelerated the banking application charter for crypto influencer Caitlin Long’s Avanti project. The decision to fast-track Avanti Bank came in the wake of the Office of the Comptroller of the Currency (OCC)’s recent decision to allow banks to provide cryptocurrency custodial services.

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US Federal Bank Regulator (OCC) Issues Notice for Feedback on Crypto and DLT Activity

The Office of the Comptroller of Currency (OCC) has asked for feedback in matters crypto and distributed ledgers according to two notices published on June 4. This U. S bank regulator and charter issuer now wants to engage the public in creating a stable digital currency ecosystem based on regulation.

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Caitlin Long’s Crypto Bank Avanti Raises $5M, Marking An Important Milestone Towards Banking Charter Approval

The Avanti Financial group has announced the end of its funding round, having raised close to $5 million in angel investor funding, marking milestones in their journey towards obtaining a banking charter.

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Caitlin Long’s Avanti Raises $5M, Submits Wyoming Bank Charter Application Draft

Crypto bank Avanti has raised an angel round from the University of Wyoming Foundation, Anthony Pompliano’s Morgan Creek Digital and other investors.

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Payments Unicorn Square Gets Limited Bank Charter for Merchant Lending

Square Financial Services was given conditional approval by the FDIC Board for an Industrial Loan Company bank charter on Wednesday.

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Blockchain Pioneer Caitlin Long to Build Crypto Bank in Wyoming

A Wyoming corporation founded by Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking.

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What It Takes to Get a Crypto-Friendly Bank Charter in Wyoming

An SPDI charter offered in Wyoming lets U.S. firms offer banking and custody services under a regulator that’s not the FDIC, but the application and capital requirements are as rigorous as launching a de novo state-chartered bank.

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Kraken Job Ad Hints at Plan to Build Special-Purpose Wyoming Bank

The cryptocurrency exchange has opened up a position for someone to oversee operations for the firm’s future Wyoming SPDI bank charter.

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Robinhood Crypto Exchange Scraps Plan to Become a Bank

Robinhood has had an about-turn on its plans to become a bank. Commission-free stock and cryptocurrency trading pioneer withdrew its application with the Office of the Comptroller of the Currency yesterday.

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Robinhood Withdraws Bank Charter Application Due to Regulatory Challenges

Robinhood has withdrawn its bank charter application with the U.S. Office of the Comptroller of the Currency due to regulatory challenges

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Robinhood Stock-Trading Startup Officially Abandons Plan to Become a Full Bank

Coinspeaker Robinhood Stock-Trading Startup Officially Abandons Plan to Become a Full BankRobinhood has announced a voluntary withdrawal of its application for a bank charter, to become a proper bank in the U.

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Standard Chartered joins Enterprise Ethereum Alliance to 'deepen blockchain research'

British multinational bank, Standard Chartered, has announced that it would be joining the Enterprise Ethereum Alliance (EEA), a multinational technology consortium. The EEA’s charter states that itThe post Standard Chartered joins Enterprise Ethereum Alliance to 'deepen blockchain research' appeared first on AMBCrypto.

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Five “Blockchain banks” Including Kraken Coming to Wyoming by Summer 2020

About five new blockchain banks are coming to Wyoming by summer 2020 and could bring in as much as $20 billion in assets as applications open for the new type of bank charter Oct. 1, reported local site, Wyoming Business Report.

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Op Ed: Understanding the Latest FinCEN Guidance for Cryptocurrencies

On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.

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Crypto-Friendly Zero-Fee Trading App Robinhood Applies for National Bank Charter

California-based online brokerage with zero-fees, Robinhood, announced that it has applied for a national bank charter with the Office of the Comptroller of the Currency with the aim of being able to “offer traditional banking products and services.

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Robinhood Crytpo Trading Platform Looks to Add Banking Products and Services with Charter Application

Robinhood Applies In US For Bank Charter To Add Traditional Financial Services To Crypto Platform Enticing institutional investors has been the goal of the crypto industry for the last two years, hoping to bring in some of that revenue to get out of the bear market.

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Robinhood Applies for Charter in Push to Offer Traditional Banking Services

Stock and crypto trading platform Robinhood has applied for a bank charter with regulators in the United States

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Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain

Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar.   New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).

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OCC Starts Accepting National Bank Charter Applications From Fintech Companies

The Office of the Comptroller of the Currency (OCC) announced on Tuesday they are to begin accepting applications from fintech companies that wish to become national banks. “The decision to... The post OCC Starts Accepting National Bank Charter Applications From Fintech Companies appeared first on Trustnodes.

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