The EU announced the world’s first comprehensive set of rules aimed regulating crypto assets, a stark contrast to the ongoing uncertainty surrounding crypto regulation in other jurisdictions; British challenger bank Revolut had another very bad week as rumors broke that it’s multi-year application for a UK banking license is on the verge of being rejected; Ripple launched a platform designed to help countries and companies launch digital currencies; Tether is no longer tethered to the dollar in any meaningful way; and Robinhood launched 24-hour trading during weekdays. All this + more inside!
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Fintech Update, 5/15 - 5/21
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The EU announced the world’s first comprehensive set of rules aimed regulating crypto assets, a stark contrast to the ongoing uncertainty surrounding crypto regulation in other jurisdictions; British challenger bank Revolut had another very bad week as rumors broke that it’s multi-year application for a UK banking license is on the verge of being rejected; Ripple launched a platform designed to help countries and companies launch digital currencies; Tether is no longer tethered to the dollar in any meaningful way; and Robinhood launched 24-hour trading during weekdays. All this + more inside!