Crypto Wallets Can ‘Directly Compete With Neobanks’
As crypto wallets add payments, yield and on‑ramps, they’re evolving from simple asset vaults into full financial hubs, positioning themselves to directly challenge neobanks for everyday users.
Financial Services
Ripple wins FCA approval to offer compliant payment services in UK
Ripple has secured FCA approval to offer compliant payment services in the UK, marking a major regulatory milestone and bolstering its push to integrate blockchain solutions into mainstream finance.
Tennessee sends cease-and-desist letters to Kalshi, Polymarket, Crypto.com
Tennessee regulators have issued cease-and-desist letters to Kalshi, Polymarket and Crypto.com, alleging unregistered or illegal crypto-related offerings and signaling mounting state scrutiny of digital asset platforms.
Visa-linked stablecoin platform Rain raises $250M at $1.95B valuation
Visa-linked stablecoin platform Rain has raised $250 million at a $1.95 billion valuation, underscoring surging institutional demand for regulated digital dollar payments and cross-border settlement tools.
IBM Launches “Digital Asset Haven” to Help Banks
IBM unveils ‘Digital Asset Haven’ to help banks with tokenization, custody and compliance, offering secure, interoperable infrastructure to accelerate institutional adoption of digital assets.
Strike CEO Jack Mallers Debanked by JPMorgan
JPMorgan has cut ties with Strike CEO Jack Mallers, leaving the Bitcoin payments firm scrambling for banking partners as the bank faces regulatory and reputational pressures tied to crypto exposure.
Small Texas Bank Monet Joins Field of Digital Asset Focused Banks
Small Texas lender Monet is joining the field of crypto-focused banks, unveiling plans to provide digital-asset custody and payments as industry seeks clearer regulatory guidance.
Huione Shuts Phnom Penh Branches
Sanctioned lender Huione has shut all Phnom Penh branches and suspended customer withdrawals amid regulatory scrutiny. Clients report frozen accounts and service disruptions as authorities probe compliance.
SoFi to Spawn Bitcoin and Crypto Trading, Spots Record 2025
SoFi plans to launch Bitcoin and cryptocurrency trading as it eyes a record year, expanding digital-asset services to retail clients. The move could accelerate mainstream adoption and market competition.
JPMorgan and Strike CEO Quiet, Leaving ‘Debanking’ Questions Unresolved
JPMorgan and Strike CEO Jack Mallers have gone silent after allegations of ‘debanking’ surfaced, leaving regulators, customers and crypto advocates seeking answers as scrutiny intensifies.