Summary
- "Cryptocurrency and fintech companies are pursuing banking licenses in the United States."
- "Expectations for deregulation have been growing since the Trump administration took office."
- "This movement is analyzed as cryptocurrency companies in the US seeking integration with the existing financial system."
According to Reuters on the 18th (local time), cryptocurrency and fintech companies are showing movements to apply for banking licenses in the United States.
The media reported that while obtaining banking licenses has been very difficult in the past, expectations for deregulation have been growing since the Trump administration took office.
Two company representatives currently preparing license applications stated, "More and more companies are engaging in serious discussions and preparations related to license applications."
This is analyzed as a movement suggesting that cryptocurrency companies in the US are seeking integration with the existing financial system and pursuing entry into the banking sector.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
