Binance CEO Rejects Buying Banks to Solve Cryptocurrency Firms’ Banking Access Issues
Changpeng Zhao, CEO of cryptocurrency exchange Binance, said that the company is unlikely to buy any bank to solve problems with cryptocurrency firms' access to banking services. During the Bankless podcast, Changpeng Zhao responded to a question from a Twitter user under ...
Bitcoin Sold at Discount on Binance Australia Platform, Amid Regulatory Concerns
As reported by Reuters, holders of the first cryptocurrency on the Binance Australia platform are selling bitcoins at a discount of A$9,000 (nearly $6,000). On the Binance Australia platform, the bitcoin price was about A$34,000 ($23,000). At the same time on the local c ...
US Congress Demands Information from Regulators on Coordinated Actions Against Digital Asset Providers
The Financial Services Committee of the US Congress has called upon regulators to provide information regarding possible concerted actions against digital asset providers. House Financial Services Committee Chairman Patrick McHenry, French Hill Digital Assets Subcommittee Chairman, and Bill Huize ...
London Banks Reject Crypto Fintech Firm’s Corporate Account Request
London's major banks are refusing to open corporate accounts for cryptocurrency fintech firm SavingsBlocks, according to Bloomberg sources. This is not an isolated incident, as other crypto companies have faced similar issues when seeking banking services in the UK. SavingsBlocks, which has ap ...
Custodia Bank files new lawsuit against US Federal Reserve for rejecting master account application
Following the rejection of its application to open a master account with the US Federal Reserve, Custodia Bank has taken legal action against the regulator, claiming that it has been discriminated against and unfairly denied access to full membership of the US Federal Reserve System. Custodia Ban ...