Crypto

Would a bank charter make crypto safer? Two sides of U.S. federal trust bank approval

An analysis says crypto firms may not fully escape political pressure or supervisory risks even if they obtain a U.S. federal trust bank charter. The charter can strengthen legal standing for custody while bringing firms into direct oversight by the Office of the Comptroller of the Currency. The article contrasts interpretations of Silvergate’s liquidation and notes conditional approvals for several trust bank moves. It adds that regulators retain control through approval conditions and revised supervisory rules.

Finance

Woori Bank\'s WooriWON Mobile Chuseok event offers up to six months of mobile bill benefits

Woori Bank\'s telecommunications service WooriWON Mobile is offering mobile bill support, points and other benefits in September for customers who subscribe to certain plans. The bank said it will run a Chuseok-themed event, providing 30,000 won in Naver Pay and monthly membership coupons worth 5,000 won to customers who open service during the month. Customers subscribing to 15 plans will receive points for six months, and referrals will also earn points.