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“Crypto company becomes a bank” is a tidy headline. It is a poor substitute for reading what the company is actually allowed to do.
A final rule is not a product launch. It is the point where a strategy presentation needs owners, controls, and an implementation plan.
Somewhere right now, a Canadian with seven-figure digital assets is opening a bank account in Zurich. It's not tax evasion. It's impatience.
Since the inception of Cryptocurrency—Bitcoin, in 2009, the crypto market has experienced tremendous growth and innovation, thanks to the proliferation in investment.