United States

A new report from the U.S. Office of the Comptroller of the Currency (OCC) reveals that major banks are increasingly denying services to crypto companies, a practice known as debanking. The review highlights concerns over fair access to financial services for the industry.

Firas Isa and his company Crypto Dispensers have been charged with laundering at least €9 million through cryptocurrency ATMs, highlighting regulatory concerns over crypto infrastructure vulnerabilities.

As the cryptocurrency market matures, governments worldwide are implementing new laws and tax regulations. This shift, which includes new tax frameworks in the US, Brazil, and South Korea and allows banks to hold crypto assets, signals that crypto is becoming a serious part of the global financial system.