Five Crypto Firms Get Coveted US Bank-Charter Nod

Five cryptocurrency firms received preliminary approval to perform certain banking functions from a US regulator on Friday, marking the latest step in the White House‘s embrace of what was once...

By Emily Mason, Katanga Johnson · Bloomberg Markets

Five cryptocurrency firms received preliminary approval to perform certain banking functions from a US regulator on Friday, marking the latest step in the White House‘s embrace of what was once viewed as a risky, fringe industry.