Hong Kong warns against crypto firms misrepresenting as banks
Hong Kongs central bank said it may be illegal for unlicensed companies to represent themselves as banks in Hong Kong.
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Hong Kongs central bank said it may be illegal for unlicensed companies to represent themselves as banks in Hong Kong.
Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin custody pending launch. The launch comes after overcoming regulatory pressures and [...]
The post Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments appeared first on Crypto Breaking News.
Lead Bank executive Erica Khalili talks about why nows not an easy time in the digital banking sector.
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