# Paxos seeks approval to become fully-regulated crypto bank

# Paxos seeks approval to become fully-regulated crypto bank

“# Paxos seeks approval to become fully-regulated crypto bank ” Stablecoin creator and crypto services provider Paxos filed an application to open a national bank on Wednesday. If approved, the pioneering Paxos General Trust will be headquartered in New York, licensed to hold cryptocurrencies and execute the duties of a regular trust bank. According to…

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# Biden should integrate Bitcoin into US financial system, says Niall Ferguson

# Biden should integrate Bitcoin into US financial system, says Niall Ferguson

“# Biden should integrate Bitcoin into US financial system, says Niall Ferguson ” British economic and financial historian Niall Ferguson said the United States needs to find its own path in adopting cryptocurrencies, rather than “building [its] own versions of China’s electronic payments systems.” In a Bloomberg opinion piece, Ferguson said Sunday that the current pandemic…

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# Nigeria is establishing a framework for widescale crypto adoption

# Nigeria is establishing a framework for widescale crypto adoption

“# Nigeria is establishing a framework for widescale crypto adoption ” Nigeria’s Finance Ministry is reportedly in talks with the country’s securities regulator to develop a new framework for blockchain and cryptocurrencies — a move that could accelerate adoption in Africa’s largest economy.  Business Day, a Nigerian market intelligence publication, reported Tuesday that the Ministry of…

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