Dealbox: Evidence in 2020 Continues to Support Thesis that Multi-Trillion Digital Asset Market is Gaining Momentum GlobeNewswire
2020-12-14
Carlsbad, CA, Dec. 14, 2020 (GLOBE NEWSWIRE) (via Blockchain Wire)Â Â We are witnessing an undeniable, broad-based expansion of our financial system through the addition of digital assets to the mix.
The Association for Digital Asset Markets defines digital assets as:
AÂ cryptographically-derived digital instrument available on a public, private or permissioned blockchain or other form of distributed ledger, including without limitation instruments that represent, or facilitate the exchange of or access to, any digital or real-world asset, or any set of rights, protocols, or rules; or (ii) any option, futures contract, swap or other instrument or index, the value of which is derived wholly or principally from the value of underlying instruments meeting the description in clause (i). Digital Assets may be categorized in many
Bitcoin Payments Startup BitPay Applies for US Banking License
Dec 10 2020 · 10:45 UTC by Bhushan Akolkar · 2 min read
Photo: Depositphotos
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BitPay has submitted the complete paperwork work to the US OCC to establish a federally-regulated bank in Georgia.
Crypto companies in the US are now taking the bold route of securing a national banking license. On Tuesday, December 8, BitPay filed for the paperwork with the US Office of the Comptroller of the Currency (OCC) to build a federally regulated bank.
As per the legal notice published in the Atlanta Journal-Constitution, the proposed banking entity will be named BitPay National Trust Bank. Its headquarters will be in Alpharetta, Georgia. Also, there’s filing states a 30-day comment window for the OCC director to respond.