Digital Finance Firm SoFi Hands Its Crypto Business to Blockchain.com ...Middle East

SoFi’s transition away from directly offering crypto services may be tied to its decision to become a bank holding company. The U.S. Federal Reserve, as part of that approval, told the company that its crypto activities were not permissible under banking rules, though it would be allowed to continue them for two years, with the possibility of extensions, according to a regulatory filing. (Bloomberg reported on SoFi’s decision to close and the link to banking regulation earlier Wednesday.) The post Digital Finance Firm SoFi Hands Its Crypto Business to Blockchain.com appeared first on Top World News Today.

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Last updated : 29 Nov 2023 clock 08:16 PM

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Digital Finance Firm SoFi Hands Its Crypto Business to Blockchain.com ...Middle East

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