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Found 14 items · updated 12:21 AM
Oct 15Thu
  1. CryptopolitanSource summary81

    Russia will stop personal P2P cryptocurrency transactions in July 2027, with 11 institutions licensed

    The Central Bank of Russia has clarified that P2P cryptocurrency transfers between individuals may only be conducted until July 1, 2027; after that, digital currencies must be transferred through approved custodial wallets. The Central Bank of Russia has authorized 11 institutions to conduct cryptocurrency trading business, including Sberbank; at present, the only assets available for retail investors to trade are Bitcoin, Ethereum, and Tether’s USDT.

    推荐理由：The article outlines Russia’s transition from personal P2P transfers to licensed custody and trading, and lists authorized institutions including Sberbank, as well as the range of assets available for retail trading.

  2. CryptopolitanSource summary75

    Payward plans to acquire Saldo Bank to obtain an EU banking license

    Payward has signed an agreement to acquire Finnish holding company Saldo Finance Oy, which owns Saldo Bank UAB, to obtain an EU banking license. The transaction still requires regulatory approval and is expected to close in 2027; following the acquisition, it plans to offer deposits, lending and SEPA euro payments in five markets, while opening banking-as-a-service tools such as card issuance to fintech companies.

    推荐理由：The acquisition links the parent company of a crypto trading platform’s entry into EU banking with its existing market coverage and plans for deposits, lending and SEPA payments in a single transaction, with regulatory approval as a prerequisite for completion.

  3. CryptopolitanSource summary71

    OCC says U.S. large banks restricted services to crypto firms and conditionally approved trust bank charters for 5 crypto companies

    An OCC report said that from 2020 to September 2025, 9 large U.S. banks had restricted services to crypto firms and customers in other lawful industries. The report listed digital assets as a restricted industry but provided no specific crypto examples, and OCC said it was unable to measure how widespread such practices were.

    推荐理由：The report places large banks’ reputational risk policies and restrictions on services to crypto firms in the same regulatory context, and contrasts them with OCC’s conditional approval of trust bank charters for crypto companies.

Oct 14Wed
  2. Fintech News Hong KongSource summary80

    Visa approved by the People’s Bank of China to prepare a domestic bank card clearing institution

    Visa has received approval from the People’s Bank of China to prepare a bank card clearing institution in China, allowing it to formally begin the establishment process, but it has not yet been authorized to conduct clearing operations. Visa still needs to complete the subsequent steps stipulated by the People’s Bank of China before it can begin domestic bank card clearing operations.

    推荐理由：The approval distinguishes between eligibility to prepare the institution and formal authorization to conduct clearing operations, and explains the regulatory steps Visa still needs to complete before entering China’s domestic bank card clearing market.

  3. Fintech NewsSource summary82

    Visa approved to begin preparations to establish an onshore bank card clearing institution in China

    Visa has received approval from the People's Bank of China (中国人民银行) for its Application to Prepare, formally commencing preparations to establish an onshore bank card clearing institution in China. The approval only allows Visa to advance preparations in accordance with the requirements of the People's Bank of China; Visa must still complete the relevant procedures before it can conduct onshore bank card clearing business in China.

    推荐理由：The approval distinguishes authorization to prepare from formal operations, while the materials also explain the regulatory procedures Visa must still complete to enter China's onshore bank card clearing market.

  4. Payments DiveSource summary73

    Visa wins Chinese government approval to prepare to provide bank card clearing services in China

    Visa said it has received approval from the Chinese government for its application to prepare to provide bank card transaction clearing services in China, and will continue to complete the subsequent procedures in accordance with relevant regulations of the People's Bank of China. Mastercard was approved to operate in China in 2023 and began processing payments made with bank cards issued by Chinese banks in 2024 through a joint venture established with a Chinese partner. The two US card networks will still face competition from UnionPay in China's domestic market.

    推荐理由：Visa's approval to prepare to provide bank card clearing services in China, along with Mastercard's earlier progress and the competitive landscape involving UnionPay, makes this worth watching.

Oct 13Tue
  1. CoinDeskSource summary78

    Sberbank Approved to Join Russia’s Crypto Trading Register

    Russia’s largest bank, Sberbank, has joined Bank of Russia’s register of crypto trading service providers and plans to open crypto trading to all customers on December 1. The bank has tested BTC, ETH and USDT trading in its app while also advancing its digital custody and crypto wallet businesses. Crypto payments remain prohibited in Russia, and from July 2027, related transactions must be conducted through registered intermediaries.

    推荐理由：The registration brings Sberbank’s trading and digital custody businesses into Russia’s regulated market, while also showing the regulatory boundary between opening access to customers and maintaining a ban on payments.

  2. PYMNTSSource summary77

    Visa receives approval from the People's Bank of China to prepare domestic bank card clearing business in China

    Visa has received approval from the People's Bank of China for its Application to Prepare, allowing it to begin preparations for a domestic bank card clearing business in China. The approval is a preparatory milestone for Visa's entry into China's domestic payments market, but does not mean it has begun operations in China; Financial Times said Visa has attempted to establish such a business since 2015.

    推荐理由：The People's Bank of China's approval is a preparatory license rather than formal authorization to operate, clarifying the stage Visa has reached in entering China's domestic payments market.

Oct 10Sat
Oct 7Wed
  1. CryptopolitanSource summary86

    Bank of Russia approves first 4 crypto trading platforms and 5 digital custody institutions

    Bank of Russia has approved 9 institutions to enter the regulated crypto market, with 4 authorized to operate as digital currency trading platforms and 5 authorized to provide digital custody services, making them the first participants in the two official registries. Sberbank and VTB received digital custody licenses, while VTB was also authorized to conduct cryptocurrency trading. All crypto transactions, including transfers to overseas wallets, must be completed through Russian licensed intermediaries, and the relevant institutions must fully comply with the regulatory framework no later than 2027年9月1日.

    推荐理由：The article outlines the composition of Russia’s first digital currency trading and custody institutions, the compliance deadline, and requirements for transfers to overseas wallets, making it easier to understand how the new regulatory framework will be implemented.

  2. CoinDeskSource summary75

    Rain applies for OCC national trust bank charter to custody digital assets and manage stablecoin reserves

    Rain has applied for an OCC national trust bank charter and plans to use its New York subsidiary to custody digital assets and USD for institutional clients, manage stablecoin reserves, and provide issuance and redemption services for USD stablecoins. The proposed bank will not accept deposits, issue commercial loans, or offer consumer accounts, and will not have FDIC insurance. Client assets will be segregated from the bank’s own assets. The application still requires OCC approval and a public comment process, and has faced opposition from traditional banking groups.

    推荐理由：The materials set out the proposed bank’s business boundaries, client asset segregation arrangements, and the regulatory approval and industry litigation background, making it easier to assess the constraints on the chartering path.

  3. PYMNTSSource summary60

    Rain申请OCC批准设立全国性信托银行

    Rain已向OCC申请设立Rain National Trust Bank（RNTB），拟将合作方项目的资产托管、储备管理及稳定币发行和赎回纳入联邦监管框架。若获批，RNTB将作为独立子公司，在OCC监督和检查下提供受托资产托管及稳定币发行和赎回，Rain仍是支付平台。ICBA已就数字资产公司申请全国性银行牌照时可能面临较少审查起诉OCC。

Oct 6Tue
  1. Banking DiveSource summary77

    ICBA sues OCC, seeking tighter approval of national trust bank charters

    Independent Community Bankers of America (ICBA) sued OCC and Jonathan Gould in federal court, seeking to overturn the rules and interpretive letters underpinning recent trust bank charter approvals, as well as the charter approval for Protego Holdings Corp.

    推荐理由：The case centers on whether non-depository, non-fiduciary institutions can obtain national trust bank charters, involving state-law exemptions, regulatory costs, and crypto companies’ pathways to becoming banks.