News Explorer — UK Fintech Revolut Applies for US Banking License

Generated by AI, curated by humans

Mar 5, 1:08 pm

Coindesk

UK Fintech Revolut Applies for US Banking License

UK fintech company Revolut has applied for a U.S. banking license with the OCC to expand its services in the American financial system. If approved, this license would grant Revolut access to payment networks like Fedwire and ACH, potentially enabling the offering of lending products. The firm was one of four selected by the UK's Financial Conduct Authority for a stablecoin regulatory sandbox in February.

UK fintech company Revolut has applied for a U.S. banking license with the OCC to expand its services in the American financial system. If approved, this license would grant Revolut access to payment networks like Fedwire and ACH, potentially enabling the offering of lending products. The firm was one of four selected by the UK's Financial Conduct Authority for a stablecoin regulatory sandbox in February.

Latest

Jun 12, 5:50 pm

Decrypt

Crypto Exchanges Refund Tokenized SpaceX Share Buyers After xStocks Fails to Get Allotment

Binance, Bybit, and Bitget refunded customers attempting to access tokenized SpaceX shares due to xStocks' failure to se... Read Summary

Jun 12, 5:22 pm

Decrypt

Tennessee Man Allegedly Still Millions From Investors in Crypto Ponzi: Prosecutors

Misam M. Abidi, of Nolensville, Tennessee, faces an 11-count federal indictment for allegedly running a fraudulent crypt... Read Summary

Jun 12, 3:16 pm

Decrypt

Bitcoin Is Rising After Fall Under $60K—One Major Analyst Says Crypto 'Winter Is Over'

Standard Chartered's Geoff Kendrick believes the recent drop in Bitcoin's price to nearly $59,000 signals the end of the... Read Summary

Jun 12, 3:05 pm

Decrypt

FTX Founder Sam Bankman-Fried's Appeal to Overturn His Fraud Conviction Denied

Sam Bankman-Fried, FTX co-founder, failed to overturn his 25-year prison sentence and fraud conviction as federal appeal... Read Summary

Jun 12, 3:02 pm

Decrypt

GameStop's Bitcoin Held in Options With Coinbase Now Stands as a $369.6 Million Claim

GameStop has kept most of its Bitcoin in options contracts with Coinbase, resulting in a $369.6 million claim for repaym... Read Summary

Jun 12, 12:45 pm

Decrypt

Metaplanet Acquires Siiibo Securities for $13M to Launch Bitcoin Yield Products

Metaplanet, a Japanese Bitcoin treasury company, is acquiring securities firm Siiibo for $13 million to develop and dist... Read Summary

Jun 12, 12:25 pm

Decrypt

How Elon Musk's Blockbuster SpaceX IPO Will Impact Bitcoin

The $75 billion SpaceX IPO is expected to impact crypto liquidity as retail and institutional money shifts towards secur... Read Summary

Jun 12, 11:02 am

Decrypt

Former SEC Chair Gary Gensler Backs States Over Prediction Markets

Gary Gensler, former chair of the SEC, has come out in support of states in their legal battle against the CFTC-backed p... Read Summary

Jun 11, 5:06 pm

www.casino.org

U.S. Residents Traded $34B on Offshore Prediction Markets: Study

In a new study conducted in conjunction with Rutgers University professor Harry Crane, the Coalition for Prediction Mark... Read Summary

Jun 12, 10:23 am

Decrypt

LG Electronics To Launch Arbitrum-Based Digital Ad Platform

LG Electronics has collaborated with Arbitrum to develop a layer-2 blockchain network for a new digital advertising plat... Read Summary

Jun 11, 9:50 pm

Decrypt

Coinbase's Quantum Advisory Council Says Bitcoin Developers Must Prepare Now for Looming Threat

The quantum advisory council at Coinbase is stressing the importance of blockchain developers starting to prepare for a... Read Summary

Jun 11, 4:52 pm

Decrypt

Two Men Arrested in Georgia for Allegedly Laundering $389 Million via Bitcoin

Two individuals, Ruslan Igorevich Tkachuk, 37, and Alexander Vladimirovich Ledenev, were arrested in Georgia for launder... Read Summary

Jun 11, 3:05 pm

Decrypt

Canton Network Creator Digital Asset Raises $355 Million to Power Wall Street's Crypto Embrace

Digital Asset secured $355 million in new funding from investors, including the Abu Dhabi Investment Authority, through... Read Summary

Jun 11, 3:03 pm

Decrypt

Banking Trade Groups Advocate for Enhanced AML Rules in Secondary Markets for Stablecoin Transactions

U.S. banking trade groups are urging regulators to clarify oversight of stablecoin transactions post-issuance, emphasizi... Read Summary

Jun 11, 1:27 pm

Coindesk

Citigroup's Blockchain-Based Digital Depositary Receipts Let Investors Access Private Company Shares

Citigroup has introduced Digital Depositary Receipts, allowing investors to access private company shares through blockc... Read Summary