Tag: banking

Oct 04 2020

Plutus (PLU) Liquidity Injection Program Receives the Go-Ahead

London-based fintech firm Plutus is going ahead with its liquidity injection program. With this liquidity injection program, Plutus will move 2 million PLU from the Pluton Rewards Pool to the Plutus Development Fund. Impressively, the community approved the proposal with a supermajority of votes as 90% of the community voted in favor of the liquidity injection program. Plutus is a rising challenger bank...

Oct 01 2020

Sep 21 2020

Unchained Capital Unveils New Ways For Businesses To Custody BTC

Unchained Capital, an Austin-based financial services firm, has announced its new enterprise-grade self-custody offering, aptly named “Business Accounts for Bitcoin.” The underlying principle of this new offering is “collaborative custody,” for which Unchained’s goal is to focus on simple workflows for funds, businesses and B2B2C providers...

Sep 18 2020

The First Crypto Bank: What Kraken Financial Will Do and How

David Kinitsky, CEO of Kraken Financial, talks about Kraken's news that it is launching a bank, after receiving approval to form a special purpose depository institution (SPDI) from the state of Wyoming. He discusses: why Kraken decided to become a crypto bank, and what it will be able to do with this status...

Aug 18 2020

Questions Remain Around The OCC Decision To Allow Banks To Custody Crypto

The recent Comptroller of the Currency (OCC) ruling that national banks and savings associations can provide cryptocurrency custody services to clients is one of the biggest milestones in the short but spectacular lifetime of digital currencies. Now that U.S. banks have the green light to begin custodying crypto, everybody knows that the rules have changed —...

Jul 22 2020

Treasury Bureau Declares National Banks Can Custody Crypto

The Office of the Comptroller of the Currency (OCC), a bureau within the U.S. Department of the Treasury tasked with regulating the country’s banks and thrift institutions, has published a public letter clarifying that national banks and savings associations can provide cryptocurrency custody services to clients. “In the letter published today, the OCC concludes that providing cryptocurrency custody services, including holding the unique...

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