11 Aug 2025, 20:05

Paxos has reapplied for a U.S. national trust bank charter

Paxos Trust Company, the cryptocurrency firm behind PayPal’s stablecoin, has applied to become a national trust bank in the United States. This move places the company among several digital asset firms aiming to strengthen their presence in the traditional banking system. If the U.S. Office of the Comptroller of the Currency (OCC) approves the application, Paxos would be allowed to hold and manage customer assets under federal oversight and process payments more efficiently. The license would not allow the company to accept traditional cash deposits or issue loans, distinguishing it from conventional banks. The firm currently operates under a limited-purpose trust charter granted by the New York Department of Financial Services. If the national charter is approved, Paxos would shift to a federal charter overseen by the OCC. According to a Reuters’ source familiar with the plans, this change would not alter Paxos’s business model but would provide the “highest level of regulatory oversight,” which the source said carries significant weight both in the U.S. and internationally. This is not Paxos’s first attempt to obtain such a license. The company first applied for a national trust bank charter in 2020 and received preliminary conditional approval from the OCC in 2021. However, the process stalled, and the application expired in 2023. Paxos joins Circle and Ripple in push for OCC approval Currently, Anchorage Digital is the only digital asset company holding an active national trust bank charter. The OCC’s decision on Paxos comes as other firms are also seeking the same status . Last month, stablecoin issuer Circle and cryptocurrency company Ripple submitted their own applications. Paxos provides blockchain infrastructure and stablecoin solutions for businesses. It also issues several stablecoins directly, including PayPal’s PYUSD, which currently has a market capitalization of more than $1 billion. Stablecoins are a type of cryptocurrency designed to maintain a consistent value, most often pegged to the U.S. dollar at a one-to-one ratio. They have become an important tool for cryptocurrency traders moving between tokens and are increasingly seen as a method for near-instant payment transfers. Their adoption has grown rapidly, and the sector recently saw a major regulatory development. In July, U.S. President Donald Trump signed a law establishing a federal framework for stablecoins. Supporters say the measure could help integrate them into everyday payments and money transfers. The legislation followed years of lobbying by the cryptocurrency industry, which, according to Federal Election Commission data, contributed more than $245 million to pro-crypto candidates, including Trump, during last year’s election cycle. Past partnership with Binance under scrutiny Paxos has previously collaborated with major players in the digital asset industry. It partnered with Binance, the world’s largest cryptocurrency exchange, to develop and distribute the Binance USD stablecoin. That relationship has remained under regulatory scrutiny. Last week, Cryptopolitan reported that Paxos agreed to a $48.5 million settlement with New York regulators over claims that it failed to sufficiently monitor for illegal activities linked to Binance. This followed a broader enforcement action in which Binance’s former chief executive admitted to violating U.S. anti-money laundering laws, resulting in a $4.3 billion settlement in 2023. The OCC’s decision on Paxos’s application will determine whether the company joins Anchorage Digital as one of the few digital asset firms with a federal trust bank charter. For Paxos, the license could offer increased legitimacy and regulatory oversight while maintaining its focus on blockchain services and stablecoin issuance. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

11 Aug 2025, 20:05

Central Bank of Malaysia Touts XRP Use Cases As Bank Deposits Replacement

Crypto commentator, SMQKE, has shared a provocative insight from a recent Bank Negara Malaysia (BNM) working paper: “Private tokens such as XRP may be widely used as means of payment outside the banking system in the future, replacing CIC or bank deposits.” The post went viral on X, underlining growing interest in how digital tokens might evolve as alternatives to conventional deposit systems. SMQKE’s timely highlight focused attention on Malaysia’s pioneering exploration of tokenized financial instruments. From Working Paper to Wider Discourse The quote originates from BNM’s working paper (WP3/2025), Fundamentals of Modern Money and its Application to Central Bank Digital Currency (CBDC): An Exploratory Shariah Analysis. This in-depth study explores modern money as a social construct supported by balance-sheet conventions and evaluates whether privately issued tokens could one day function similarly to bank deposits. JULY 2025 — CENTRAL BANK OF MALAYSIA REPORT CLAIMS XRP MAY REPLACE BANK DEPOSITS AS BITCOIN AND ETHEREUM DEEMED UNSUITABLE FOR PAYMENT SYSTEMS “Private tokens such as XRP may be widely used as means of payment outside the banking system in the future, replacing CIC or bank… pic.twitter.com/WhAUYbhQdw — SMQKE (@SMQKEDQG) August 11, 2025 The authors carefully map out legal, Shariah, and prudential dimensions, indicating that while tokens like XRP possess compelling features , regulatory and religious compliance frameworks must be fully addressed before any practical implementation. Why XRP Appeals BNM’s mention of XRP is strategic. The XRP Ledger is engineered for low-cost, high-throughput payments and near-instant settlement—attributes that align closely with the characteristics expected of payment-grade tokens. These technical strengths make XRP an apt example of how private tokens, under certain conditions, might emulate or complement bank deposits in everyday transactions. Bitcoin & Ethereum: A Contrast The paper draws a deliberate contrast between XRP and more established cryptocurrencies such as Bitcoin and Ethereum. While these prominent tokens serve as store-of-value assets with strong decentralization, their high price volatility, limited throughput, and consensus mechanisms make them less suited for routine payments or scalable settlement rails. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 This rationale underpins BNM’s classification of Bitcoin and Ethereum as “unsuitable payment instruments,” especially compared to optimized alternatives like XRP. Understanding the Implications It is crucial to interpret BNM’s working paper as exploratory, not prescriptive. Although the research signals openness to examining private token use cases, BNM has not enacted any policy changes. Central banks must balance innovation with monetary stability—the potential risk of deposit disintermediation and its impact on monetary control remains paramount. Yet, BNM’s inquiry places Malaysia among a select group of central banks actively assessing private digital tokens as part of future payment architecture. What’s Next for Malaysia The working paper lays the groundwork for future collaboration. Possible avenues include pilot programs for tokenized payments, CBDC integration studies, and Shariah-compliant regulatory frameworks. Any practical adoption would require layered steps—from legal reforms to consumer protection measures—before tokens like XRP could meaningfully complement or replicate bank deposit systems. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Central Bank of Malaysia Touts XRP Use Cases As Bank Deposits Replacement appeared first on Times Tabloid .

11 Aug 2025, 20:03

Bitcoin-Miner MARA Said to Near $168 Million Deal for EDF Unit

MARA Holdings Inc. is in advanced talks to acquire a majority stake in Exaion from Electricite de France SA as the largest Bitcoin miner looks to extend its reach into artificial intelligence as an infrastructure provider, according to people familiar with the matter.

11 Aug 2025, 20:02

XRP Coin Eyes Key Milestones with Potential ETF Approval

The anticipated ETF approval spurs investor optimism amid current XRP Coin challenges. Analysts target $3.60 for XRP, contingent on breaching key resistance levels. Continue Reading: XRP Coin Eyes Key Milestones with Potential ETF Approval The post XRP Coin Eyes Key Milestones with Potential ETF Approval appeared first on COINTURK NEWS .

11 Aug 2025, 20:02

Ripple’s Legal Battle with SEC Concludes, Opening Doors for Regulatory Framework Development

Ripple’s legal battle with the SEC has finally concluded, allowing the company to focus on regulatory frameworks instead of litigation. Ripple emerged victorious in July 2023, with a ruling that

11 Aug 2025, 20:01

XDC Network Breaks $300M Staking Barrier Amid SEC’s Supportive PoS Regulatory Stance.

XDC Network has emerged as one of the most closely watched blockchain platforms in 2025, breaking through the $300 million mark in total staked value at a time when regulatory clarity is beginning to favor proof-of-stake (PoS) ecosystems. The milestone solidifies XDC’s status as one of the top six PoS networks on CoinMarketCap and underscores the growing appeal of its hybrid, enterprise-oriented blockchain model. Regulatory Winds Shift in Favour of PoS In recent remarks , the U.S. Securities and Exchange Commission (SEC) made a distinction that the crypto industry has long sought: participating in or operating a PoS network is not inherently a securities transaction. While the agency maintained that certain token sales or reward structures could still trigger securities regulations depending on their design, the acknowledgement that PoS consensus itself is not a security has been widely interpreted as a green light for validator participation. For the XDC Network, where validators are essential to maintaining scalability, security, and governance, this represents a strategic tailwind. Institutional stakeholders, once hesitant due to regulatory ambiguity, now see greater scope for involvement without the looming threat of enforcement targeting the staking model itself. Breaking Down the $300M+ Locked Value Data from XDC’s Masternode dashboard indicates 2,660,802,298 XDC are currently staked via active masternodes and delegated pools. At the current market price of $0.092 per token, that stake is valued at approximately $245 million USD. Beyond validator staking, the ecosystem has expanded into DeFi and liquid staking solutions. DeFiLlama reports an additional ~142.39 million XDC (around $13.1 million USD) locked in protocols enabling yield farming, lending, and other capital-efficient strategies. Platforms such as PrimeStaking now lead the segment, with over $6 million in locked value. Taken together — and factoring in staking via centralized exchanges and wallet-based programs — the total locked value comfortably exceeds $300 million USD, representing a significant portion of the circulating supply. The Economics of XDC Staking According to StakingRewards.com, XDC currently offers an estimated 10% annual percentage rate (APR) for validators. A masternode requires a locked stake of 10 million XDC (about 874,740 USD), generating roughly 1 million XDC annually, or 874,740 USD per year in rewards, equivalent to just over $8,000 per month. Delegated staking allows participants with smaller holdings to earn proportionate rewards by supporting established validators. For risk-managed investors, this creates an accessible entry point without the operational requirements of running a node. Hosting a Masternode: Step-by-Step For investors considering the full validator route, the onboarding process is straightforward but requires technical readiness and capital commitment: Acquire 10 Million XDC — Store in XDC compatible wallet. Access the Masternode Portal — Review setup guidelines and network requirements here . Complete KYC — Submit identification for compliance with governance standards. Connect Your Node — Link the masternode’s coinbase address to your wallet. Lock the Stake — Confirm the transaction to activate candidacy. Maintain Performance — Ensure uptime and reliability for uninterrupted rewards. Liquid Staking and DeFi Expansion XDC’s liquid staking infrastructure allows users to maintain staking rewards while receiving tokenized representations of their locked assets, which can then be deployed across DeFi platforms. This dual-layer approach enables strategies such as: Yield farming with staked tokens Using staked assets as collateral for loans Participating in liquidity pools without forfeiting validator rewards The integration of staking and DeFi broadens the utility of XDC, attracts yield-focused participants, and increases overall capital efficiency. Enterprise-First Blockchain Model Unlike many PoS projects that began with retail speculation and later pivoted to institutional use cases, XDC was designed from the outset for enterprise-grade applications. Its hybrid architecture merges the transparency of public blockchains with the privacy controls of permissioned ledgers, enabling adoption in: Trade finance digitization Real-world asset tokenization Regulated asset exchanges Partnerships in these areas have bolstered XDC’s credibility among institutional actors while maintaining accessibility for the retail market through listings on exchanges such as Binance.US, KuCoin, Bitstamp, and Gate.io. Crossing the $300 million locked value threshold signals more than just strong network participation — it reflects deep capital commitment, reinforced by regulatory clarity, competitive yield, and real-world use cases. As tokenization of assets gains momentum and blockchain integration deepens in global trade and finance, XDC’s combination of yield generation and enterprise adoption positions it as a compelling player in the PoS landscape. For both institutional and retail participants, the XDC Network’s growth trajectory suggests that its staking economy is not merely an income opportunity but a stake in the infrastructure shaping the next phase of blockchain adoption. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.