The government and the crypto firms are moving closer towards banking regulations. The U.S. Federal Reserve is moving forward with a proposal to create a streamlined version of its master accounts.

Key insight: So-called "skinny" Fed accounts could grant direct Fed-rail access to crypto-focused banks. What's at stake: Banks relying on BaaS revenue risk disintermediation and margin pressure. The ...

Crypto exchange Bybit plans to start offering banking services with the launch of accounts that will let customers hold balances in US dollars and other fiat currencies. The Dubai-based firm will roll ...