Payward Banks on Europe 🇪🇺
Kraken’s parent company takes the licensed route in Europe whilst waiting for its US charter.
PR Angle 🔎
With its US charter stuck in approval and community banks suing the OCC, Payward is buying a ready-made EU banking licence instead. Crypto firms are now taking on bank-style obligations, and compliance has become part of the sales pitch. Banks have a new rival for deposits and lending, and they’ll fight to protect their territory. Until that settles, expect crypto to expand wherever the licensing route is already clear.
Read the full story in this week’s Context 👇
ft excerpts from
@OllieAcuna,
@emilyjnicolle and more!