How FDIC Forces Banks to Stop Services to Crypto Clients

On Feb. 5, 2025, the Federal Deposit Insurance Corporation released 175 documents from the Biden-era FDIC correspondence ahead of the U.S. Senate Banking Committee GOP hearing on the debanking of crypto companies. New documents reveal new details of the so-called “Operation Choke Point 2.0.” Following Trump’s inauguration, a pro-crypto team took the FDIC over and […]

Kraken wins EU license to expand derivative services

Kraken’s European expansion accelerated as the crypto exchange obtained a new digital asset license to offer more services. Kraken has secured a Markets in Financial Instruments Directive license through its Cyprus-regulated entity, Cypriot Investment Firm, allowing the exchange to provide derivatives products within the European Union. The Cyprus Securities and Exchange Commission regulates Cypriot Investment […]

Robinhood launches crypto services in Spain

Robinhood Crypto has expanded its services to Spain, enabling users to trade, stake, and invest in cryptocurrencies directly on the platform.  This expansion is part of Robinhood’s ongoing strategy to grow its presence across the European Union, following the introduction of the EU’s Markets in Crypto-Assets regulations, which establish clear rules for the digital asset […]

Bybit to temporarily suspend services in India 

Bybit will temporarily restrict its services for Indian users starting Jan. 12. This pause comes as the platform completes its registration as a Virtual Digital Asset Service Provider with India’s Financial Intelligence Unit, according to a company announcement.  During this period, Indian users will be unable to open new crypto or fiat trades, access trading […]

Standard Chartered wins license in Luxembourg to offer crypto custody services

Standard Chartered has launched a new entity in Luxembourg to provide crypto custody services across the European Union under MiCA regulation. British multinational financial giant Standard Chartered has launched a new entity in Luxembourg to offer crypto custody services to European Union clients as the E.U. implements the Markets in Crypto Assets — also known […]

Crypto market maker GSR secures FCA approval for OTC services

The crypto trading firm and market maker GSR becomes the first crypto liquidity provider to earn regulatory authorizations from both the FCA and Singapore’s MAS. GSR, the global crypto trading firm and market maker, has received approval from the Financial Conduct Authority for its British arm to operate as a registered crypto asset business, the […]