28 stories about Banking from across the crypto press, curated and summarized daily. Most recent: Sep 7, 2026.
Industry leaders debate whether digital dollar wallets will dismantle traditional bank accounts or simply modernize the underlying infrastructure.
Revolut has received conditional approval from the Office of the Comptroller of the Currency (OCC) to operate as a US bank. This preliminary approval is a significant step in Revolut's plan to expand its services in the US market, though the process is not yet final.
OpenReserve, a blockchain-focused bank, has been granted a provisional charter by the U.S. Office of the Comptroller of the Currency (OCC). This approval allows it to operate as a full-service bank, joining other crypto-native institutions in the rapidly evolving financial landscape. The bank plans to offer cryptocurrency and stablecoin-related services, backed by a $25 million seed round.
Ethena Pay introduces a stablecoin-based banking service offering 6% annual savings and 5% cashback on purchases, settling transactions on the Avalanche blockchain. This move brings crypto-native financial products closer to traditional banking convenience.
JPMorgan terminated its banking relationship with Polymarket, a crypto prediction market platform, in late 2025 due to regulatory concerns. This move highlights the ongoing tension between traditional banks and crypto-related businesses.
Bank Leumi, Israel’s largest bank, will let customers trade bitcoin, ether, and solana through its investment app starting early 2027. This marks a major step toward mainstream crypto adoption in traditional banking.
South Korea’s largest lender will use JPMorgan’s blockchain platform to support US dollar cross-border payments for import and export businesses across 10 countries.
Goldman Sachs CEO David Solomon supports the Crypto Clarity Act, breaking with JP Morgan's Jamie Dimon and banking trade groups who warn the bill's stablecoin-yield provisions could pull deposits away from traditional lenders.
Augustus, a fintech startup, has raised $180 million to integrate stablecoins into a federally chartered bank, aiming to modernize cross-border payments. The Tiger Global-led round values the company at $1 billion.
The UK's Crypto and Digital Assets All-Party Parliamentary Group (APPG) has launched an inquiry into banks that deny services to crypto firms, examining whether these practices are justified or unfairly stifling the sector.
A report alleges that a crypto bank linked to former President Trump built a system to bypass U.S. sanctions on Iran. The bank also used the AI Claude to write ad copy promoting the service.
Bank of America has named Sonali Theisen as head of its global digital assets platform and Kevin Milsom as head of AI transformation, signaling a stronger push to integrate crypto and AI with traditional banking.
Circle, the issuer of the USDC stablecoin, has received final approval from the OCC to open a national trust bank. The bank will initially focus on custody and other trust services, with USDC reserve management planned for a later phase.
Circle secured final OCC approval to establish a national trust bank, shifting its $73.2 billion stablecoin to a unified federal framework.
Circle, the issuer of the stablecoin USDC, has received approval to operate as a trust bank in the U.S., adding to a growing list of crypto firms seeking federal banking licenses as the industry moves into the regulated financial system.
Kraken, a major crypto exchange, is applying for a banking license in Lithuania to expand its financial services. This move could allow Kraken to offer traditional banking products alongside its crypto services.
Standard Chartered is the first Global Systemically Important Bank authorized to let institutions mint and redeem Circle's USDC stablecoin directly, marking a major step in bridging traditional finance with digital assets.
Standard Chartered is on track to fully acquire Zodia Custody, with a signing targeted by the end of June and completion by the end of August. Julian Sawyer, CEO of Zodia, says every bank will soon need to hold digital assets to stay competitive.
JPMorgan CEO Jamie Dimon called Coinbase CEO Brian Armstrong 'full of s–t' during a Senate hearing, escalating tensions over crypto banking regulations. The clash highlights the growing divide between traditional finance and crypto industries.
UniCredit warns that Europe's deposit insurance may not be enough to cover stress from large stablecoin reserve accounts. Unlike the U.S., Europe's protection under MiCA rules is more limited.
United Texas Bank has secured a national charter to offer AI-powered payment services, positioning itself as a competitor to traditional Wall Street institutions. This move could accelerate the adoption of digital dollar transactions.
The total value of stablecoins has reached $322 billion, surpassing the foreign exchange reserves of 95 nations. This marks a significant shift in how people store and move money outside traditional banking systems.
Crypto, banking, and policy experts are calling for updates to the 1970 Bank Secrecy Act to better fit modern financial systems. The debate centers on how much to scale back the law as President Trump expands its reach.
Senator Elizabeth Warren argues that nine crypto firms, including Coinbase and Ripple, were improperly granted national trust bank charters. She claims the approvals violate the National Bank Act and calls for a review.