TheBlock
2020-12-10 04:47:07

The Interchange: Wait, it’s all just banks?

Quick TakeIt’s often said that every tech company wants to be a bank. But it hasn’t fully materialized, yet.While crypto companies are rapidly pushing the boundaries of market structure and wanting to be banks themselves, so far only Wyoming special state charters have offered early forms of success.The recent break-neck pace of crypto banking developments paired with latest U.S. regulatory rhetoric suggests 2021 is setting up for a potential collision course among crypto national bank charter hopefuls.

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