🚨 Crypto and Fintech accelerate to obtain banking licenses in the U.S.

🟦 Forbes reports that as regulations in the U.S. gradually loosen, many fintech and cryptocurrency companies are rushing to enter the banking sector. Last year, the OCC conditionally approved banking trust licenses for Circle, Ripple, BitGo, Fidelity Digital Assets, and Paxos.

🟦 Banking licenses not only help stabilize capital sources but also open the door to the federal payment system. Industry insiders believe that the purely intermediary role of fintech is gradually coming to an end, and crypto is stepping straight into the traditional financial arena. #Forbes #Fintech

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