banking services

  • Federal Deposit Insurance Corporation Reopens Office of First Republic Bank as a JPMorgan Chase Branch

    According to reports, the Federal Deposit Insurance Corporation of the United States stated that the Office of First Republic Bank will reopen as a branch of JPMorgan Chase, and 84

    05/01/2023
    211
  • #Welcoming Opportunities and Dealing with Account Opening: HKMA’s Take on Banking Services for Virtual Asset Related Institutions

    According to reports, on April 27th, Nguyen Kwok Heng, Vice President of the Hong Kong Monetary Authority, published an article titled \”Welcoming Opportunities and Dealing with Acc

    04/27/2023
    175
  • #Table of Contents

    On April 3rd, several sources said that encryption companies have difficulty accessing banking services in the UK. A few banks that are still working with encryption companies have

    04/03/2023
    249
  • Binance.US to Resume ACH Deposits and Withdrawals with Signature Bank

    On March 30, a spokesperson for Binance. US said that Binance. US expects to resume the automatic clearing center (ACH) deposit and withdrawal service of Signature Bank within 24 h

    03/30/2023
    282
  • Hong Kong Regulators Arrange Meeting to Promote Financing for Cryptocurrency Companies

    According to reports, Hong Kong regulators in China are holding a meeting between cryptocurrency companies and bankers to promote financing for the industry. According to the detai

    03/28/2023
    201
  • CryptoUK: The UK cryptocurrency white list needs to address the issue of debanking

    According to reports, the lobbying group CryptoUK said in a letter to regulators on Tuesday that British banks should obtain a white list of registered encryption companies to avoid the industry being cut off by the financial system. Concerns that legitimate cryptocurrency companies will be eliminated from their banking operations have spread to the UK, where major banks have stated that they do not encourage access to riskier financial products for the benefit of their customers. Interpretation of this information: The cryptocurrency industry is getting more attention in the UK…

    03/21/2023
    208
  • US Congressman Asks FDIC about Banking Services of Cryptographic Companies

    According to reports, Representative Emmer of the United States stated that he had asked the Federal Deposit Insurance Corporation (FDIC) about the banking services of cryptocurrency companies. (Jin Shi) Interpretation of this information: Recently, Representative Emmer of the United States has spoken out about his efforts to inquire with the Federal Deposit Insurance Corporation (FDIC) regarding the availability of banking services for cryptocurrency companies. With the increased attention and interest in the cryptocurrency industry, it is important to focus on the regulation and support for these emerging businesses in order…

    03/15/2023
    213
  • Coinbase CEO: is considering adding functions with “banking” business

    It is reported that Ryan Lacey, CSO of Evertas, a cryptocurrency insurance company, asked Coinbase on Twitter whether it had considered providing new banking services to high-net-worth individuals and enterprises. Interpretation of this information: Evertas is a cryptocurrency insurance company that recently released a statement that its CSO, Ryan Lacey, asked Coinbase via Twitter if they had considered providing new banking services to high-net-worth individuals and enterprises. The tweet didn’t elaborate any further, and no comment has been made by Coinbase as well. Several factors may have prompted Evertas and…

    03/13/2023
    230
  • Larry Cermak: Customers Bank and other banks still provide services for the encryption industry

    On March 13, Larry Cermak, Research Director of The Block, tweeted that three US banks providing banking services for the cryptocurrency business were eliminated. However, banks such as Customers Bank, First Foundation Bank, Cross River Bank, Sutton Bank, Evolve Bank&Trust, BankProv, and Quintic Bank still provide cryptocurrency banking services. Larry Cermak said that he did not mention big banks such as JPMorgan Chase and Bank of New York Mellon because most small businesses could not use these banks. Interpretation of this information: Larry Cermak, Research Director of The Block, recently…

    03/13/2023
    228