What The Conditional Approval Means For Ripple’s Bank And XRP
The Office of the Comptroller of the Currency (OCC) has granted Ripple a conditional approval to become a national trust bank. Crypto pundit Stern Drew highlighted what this means for the crypto firm and also XRP, which it uses for its payment services. What The OCC Approval Means For Ripple And XRP In an X […]
Related News
The digital currency and stablecoin issuer Paxos has been granted conditional approval for a bank charter under the Paxos National Trust in New York. The U.S. Office of the Comptroller of the Currency issued a preliminary conditional approval which means the regulating entity still has to authorize the firm’s future banking plans. Paxos Granted Preliminary Conditional Approval for a US Bank Charter The New York-based financial institution and technology company Paxos has been granted preliminary conditional approval for a bank charter by the Office of the Comptroller of the Currency....
The conditional approval from the U.S. banking regulator follows Anchorage's approval last month.
Xapo, the Bitcoin wallet service provider has received Swiss FINMA's conditional approval to operate from the country. Xapo is back in the news again. The leading Bitcoin wallet service at one time has received conditional approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate in the country. The receipt of approval was announced by Xapo’s CEO Wences Casares in his recent blog post. According to Cesares, his company has been negotiating with the Swiss authorities for over two years to be recognized as a financial intermediary. He was quoted in the blog post....
Ripple’s recent announcement of a partnership with Absa Bank, a leading pan-African financial institution, has drawn significant interest from the crypto community. Bill Morgan, a pro-XRP lawyer, explained that while the partnership primarily focuses on digital asset custody, it also signals the growing demand for Ripple’s payment infrastructure across the continent. The new development also […]
On January 13, 2021, the US Office of the Comptroller of the Currency (OCC) announced that it had given conditional approval to Anchorage Trust Company, a chartered trust firm, to become Anchorage Digital Bank. This has made Anchorage the first cryptocurrency services provider to have received the national bank charter in the United States. The […]