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Digital Asset Banking: The Natives

January 4, 2022, 12:17PM EST • 10 min read Quick Take The US now has 7 crypto-native banks operating under state or federal charters Since OCC regulation on digital banking in July 2020, 2 Wyoming and 3 OCC charters approved Crypto-native banks lead in offering custody, real-time payment and OTC trading solutions Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, …

What to expect at Wednesday’s hearing on crypto before Congress

Quick Take The House Financial Services Committee will hear testimony from executives from six major players in U.S. crypto tomorrow.  The Block takes a look at the significance of the hearing, as well as the committee’s priorities for crypto legislation.  This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block.

Brazilian users of fintech Mercado Pago can now buy, sell and hold crypto through Paxos partnership

Latin America fintech Mercado Pago has partnered with Paxos to allow its Brazil-based users to buy, hold and sell cryptocurrencies directly in the app they use to make payments and send money.  The app will initially support bitcoin, ethereum and Paxos’ dollar-pegged stablecoin, Pax Dollar (USDP). Paxos will be the custodian for the cryptocurrencies. Mercado Pago is incrementally rolling out the feature to Brazilian users this month, starting with employees. These people will immediately have access to those cryptocurrencies if …