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OpenReserve Wins Approval for Full-Service National Bank Charter
a16z-backed OpenReserve received approval for a full-service national bank charter. The startup chose this route over a trust-bank structure, opening a path to insured deposits and conventional lending alongside stablecoin issuance.
Hargreaves Lansdown Opens Retail Access to Crypto ETNs After FCA Rule Change
Hargreaves Lansdown has opened retail access to crypto ETNs after the FCA lifted its ban on retail crypto exchange-traded products in October, reversing the platform’s previous stance on the products.
Revolut and OpenReserve receive preliminary US bank approval with crypto plans
Revolut and OpenReserve received preliminary OCC approval to form US national banks. Both companies plan to offer cryptocurrency and stablecoin-related services, although final authorization, product details and launch timing were not provided.
OCC Grants Provisional Charter to Blockchain Bank OpenReserve
The OCC granted blockchain bank OpenReserve a provisional charter, adding the new full-service institution to the growing group of crypto-native banks in the United States. The approval is initial and does not confirm full operations.
Kraken and SoFi Connect Crypto Trading With Banking Services
Kraken and SoFi agreed to connect crypto trading with banking and payment infrastructure. The initiative follows SoFi’s bitcoin-trading launch last year and is intended to support broader digital-asset markets.
Bitcoin Reclaims $80K as Dollar Weakens Amid Suspected Yen Intervention
Bitcoin gained 5% and reclaimed $80,000 as the US dollar weakened amid suspected Bank of Japan intervention in the yen. Analysts remain split on the broader impact of the currency-market development.
Standard Chartered Adds Spot Bitcoin and Ethereum Trading to Dubai FX Platform
Standard Chartered has added institutional spot trading for Bitcoin and Ethereum to its Dubai FX platform. CoinDesk reports that the cryptocurrencies are available through the bank’s existing eFX infrastructure used for dollar and euro trading.
Standard Chartered Debuts Bitcoin Trading in the United Arab Emirates
Standard Chartered has launched bitcoin trading in the United Arab Emirates, Bitcoin Magazine reports. The UAE joins other markets where the bank has introduced spot bitcoin trading in recent years.
Standard Chartered Introduces Institutional Spot Bitcoin and Ether Trading in the UAE
Standard Chartered has launched institutional spot trading for Bitcoin and Ether in the UAE, Cointelegraph reports. The bank said it is the first major global bank to provide this access in the region.
Goldman Sachs and Bank of America Join 21-Bank Stablecoin Initiative
A 21-bank consortium including Goldman Sachs and Bank of America plans to launch a U.S. dollar stablecoin in the first half of 2027, with a euro version planned afterward, Decrypt reports.
Cornell University Survey Examines Bitcoin’s Use When Banking Fails
Cornell University surveyed 25,880 people about Bitcoin use. Bitcoin Magazine reports that, despite limited technical understanding among many users, the asset is proving useful for some when traditional banking services fail.
Norway Considers Rules for “Pervert Glasses” and Facial Recognition
Norway’s consumer watchdog has urged retailers to stop selling so-called “pervert glasses” while authorities consider regulation and a possible ban on facial recognition. No final legal decision or timetable was reported.
Major financial institutions move to capture the $1.9 trillion stablecoin shift
Twenty-one major financial institutions, including Bank of America and Citi, are positioning themselves around stablecoins as Standard Chartered estimates the tokens could remove about $500 billion from US bank deposits by 2028.