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PANews cited a Cointelegraph report stating that Rain, a stablecoin payments infrastructure company, has applied to the U.S. Office of the Comptroller of the Currency to establish Rain National Trust Bank, headquartered in New York. The application remains pending review.
Crypto-friendly bank Revolut’s private valuation reaches 115000000000 USD, making it Europe’s highest-valued startup and as it applies for more market licenses to expand its business.
Revolut said it had received approval from the Central Bank of Argentina to acquire Banco Cetelem Argentina. After the transaction is completed and the remaining regulatory and operational requirements are satisfied, it will launch its local business as a licensed bank.