Revolut has reportedly abandoned takeover talks and is now pursuing a U.S. banking license, signaling a shift in strategy as the fintech giant seeks deeper access to the American financial market.
Amidst an onslaught of development in the DeFi ecosystem, top-level securities firms are now encouraging regulators to move in and provide oversight. Doing so, the firms say, is essential to build long-term confidence in DeFi and protect users.
Bitget, a popular crypto exchange, has announced enhanced identification requirements in response to recent regulatory warnings about a rise in fraudulent activity. The move illustrates an industry-wide push to combat financial crime and protect investors.
The SEC has had a long-awaited decision to make, as BlackRock’s Bitcoin ETF application has awaited their approval for some time. Now, “the time is ripe for the SEC to take the win” and approve BlackRock’s entry into the Bitcoin ETF market.