Getting a federal banking license will preempt the crypto exchange to undergo state-level regulatory checks every time.
The report mentions that the financial instability in the traditional market is causing people to shift towards digital currencies.
A Swiss bank known as Hypothekarbank Lenzburg has made history by becoming the first bank in the country to open accounts for crypto and blockchain startups.
The new OKEx ETF allows retail investors to trade shares of six different digital currencies on the OKEx platform against the USDT tokens.
The pilot saw the participation from seven different members from the consortium of banks.
Valerie Szczepanik has been appointed to take over a newly created “czar” position that will oversee the regulation of cryptocurrencies and ICOs.
The regulatory body will also be working with the government on crypto taxation and prevent the use of digital currencies for illicit activities.
The HB10 fund will help small and retail investors to diversify their risks while allowing them to invest in multiple digital currencies.
Ripple is to spend $50 million as it seeks to enhance research and innovations around blockchain and cryptocurrency technology
Authorities in China have recognized that banning virtual currencies may not be the best solution but rather what is required is embracing the technology while tightening regulations.