USDC issuer Circle wins final approval for US national trust bank charter
Circle announces it received final OCC approval for a national trust bank that will initially serve the company and affiliates, with possible future custody services for institutional clients....
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EU parliament passes ‘chat control,’ allowing private chat scans until 2028
EU Parliament passed "chat control" legislation allowing private message scanning until 2028, though it exempted end-to-end encrypted communications following privacy advocates' pressure. The vote advances child safety protections but reignites encryption debates. Negotiations on permanent "Chat Control 2.0" resume September. This impacts crypto platforms offering messaging features and privacy-focused services globally, including Indian exchanges integrating communication tools.
Circle soars after securing U.S. trust bank approval in crypto expansion
Circle secured U.S. federal trust bank approval from the OCC, enabling it to provide digital asset custody services. Shares surged 14% pre-market. The charter positions Circle's USDC stablecoin—worth $73.2 billion—within regulated U.S. financial infrastructure. This regulatory milestone reflects crypto industry's broader shift toward federal oversight and institutional legitimacy, mirroring approvals granted to Kraken and Crypto.com.
Japanese lender launches Bitcoin-backed loans of up to $6.2M
CRYL is offering Bitcoin-backed loans to individuals and businesses as Japanese firms explore broader uses for BTC in lending and credit markets....