The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On May 27, Banca Sella received approval from the Bank of Italy to offer digital asset custody and transfers under MiCA regulations, becoming the first Italian bank to secure a crypto license. On the same day, Mastercard secured a New York BitLicense for its crypto operations, Falcon Finance launched a new stablecoin product called fUSD aimed at institutional trading, and SoFi launched a stablecoin product called SoFiUSD targeting consumer banking users. On May 28, Aave Labs subsidiaries received approvals from the UK Financial Conduct Authority.