Stablecoin issuer Circle is facing scrutiny from prosecutors in Wisconsin and New York for allegedly delaying or refusing to comply with court orders to return stolen digital assets to scam victims. State Prosecutors Clash With Stablecoin Giant The USDC stablecoin issuer, Circle, faces mounting criticism from prosecutors in Wisconsin and New York who say the […]
The post Circle Secures OCC Approval For National Trust Bank appeared on BitcoinEthereumNews.com.
USDC stablecoin issuer Circle on Friday announced it received final approval from the US Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank (FNDCB), a national trust bank that will operate under the name Circle National Trust. “OCC approval to establish Circle National Trust marks a defining step in bringing blockchain technology and digital assets into the core of the US financial system,” Circle CEO Jeremy Allaire said. The approval comes after Circle applied for the charter in June 2025, allowing it to establish a federally regulated trust institution and expand its digital asset custody infrastructure. Circle’s new bank begins with limited custody scope Circle National Trust will initially provide fiduciary digital asset custody services for Circle and its affiliated companies, according to the company’s approved business plan. The bank co
The post USDC Stablecoin Issuer Circle Accused of Refusing to help Scam Victims: Report appeared on BitcoinEthereumNews.com.
USDC Stablecoin Issuer Circle Accused of Refusing to help Scam Victims: Report – The Daily Hodl
No Result View All Result Source: https://dailyhodl.com/2026/07/10/usdc-stablecoin-issuer-circle-accused-of-refusing-to-help-scam-victims-report/
Crypto giant Circle is rebuffing efforts to help scam victims, law enforcement officials say. According to a report by the International Consortium of Investigative Journalists (ICIJ), the issuer of the USDC stablecoin is allegedly declining to cooperate in assisting scam victims recover their funds. The ICIJ report says some unnamed law enforcement officials are raising […]
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Circle announces it received final OCC approval for a national trust bank that will initially serve the company and affiliates, with possible future custody services for institutional clients.
The post Circle Wins U.S. Trust Bank Approval, Shares Rise Over 7% appeared on BitcoinEthereumNews.com.
The post Circle Wins U.S. Trust Bank Approval, Shares Rise Over 7% appeared first on Coinpedia Fintech News Circle’s shares climbed more than 7.7% in premarket trading after the company received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank, N.A., which will operate as Circle National Trust. The federally regulated trust bank will initially provide digital asset custody services for Circle … Source: https://coinpedia.org/crypto-live-news/circle-wins-u-s-trust-bank-approval-shares-rise-over-7/
The post INTERPOL Operation First Light 2026 Freezes $293M in Crypto Fraud Sweep appeared on BitcoinEthereumNews.com.
Crypto News A global INTERPOL operation has exposed how digital assets are being weaponized in cross-border fraud, intercepting roughly $293 million in illicit proceeds. Operation First Light 2026 ran from January 15 to April 30 and targeted social engineering scams alongside the money laundering that sustains them. The coordinated campaign spanned 97 countries and territories, resulted in 5,811 arrests, and froze 31,014 bank accounts tied to fraudulent activity. Investigators identified more than 142,000 victims worldwide and resolved 23,715 cases during the sweep. The scale underscores how quickly online fraud has matured into an industrialized, transnational threat, with much of the value moved and obscured through altcoin networks rather than traditional banking rails. At the center of the Thai findings sat a single wallet that processed more than $122.5 million in
The post Circle wins final OCC approval for U.S. national trust bank appeared on BitcoinEthereumNews.com.
Circle Internet Group has received final approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank. Summary Circle secured final OCC approval to establish a federally supervised national trust bank in America. The bank will initially provide digital asset custody services to Circle and affiliated companies only. Future plans may include institutional custody and management of reserves backing the USDC stablecoin directly. The new institution will operate as Circle National Trust. Its legal name will remain First National Digital Currency Bank, N.A., according to Circle’s July 10 announcement. Circle National Trust gains federal approval The OCC approval places Circle National Trust under direct federal supervision. The regulator oversees national banks and national trust banks across the United States. Circle has received final OCC approval
The post RBI Ban Talk Returns: What It Means for Altcoin Access appeared on BitcoinEthereumNews.com.
India’s crypto debate just snapped back into focus. If you’re wondering whether altcoin access will get tougher, the short answer is yes, and the reasons are more structural than headline-driven. This piece breaks down what the Reserve Bank of India’s latest stance means day to day. We’ll get into banking rails, stablecoin premiums, enforcement heat, and the real choices Indian users and builders face over the next few months.
Editor’s note: Over Q1 and Q2 this year I watched INR stablecoin quotes slip away from spot FX on multiple P2P channels. After the ED headlines, a couple of OTC desks I speak with widened spreads and raised size minimums for a bit. Local exchanges also got more conservative around listings and payment options. None of this screams panic, but it does say the path of least resistance is narrowing. My own take is simple: the policy overhang is now the main driver o
