SoFi to Relaunch Crypto Services by 2025 After Regulatory Shift
Key Notes
- SoFi Technologies plans to relaunch its cryptocurrency services by late 2025, reversing its decision from 2023.
- Recent OCC guidance has eased regulations, enabling banks like SoFi to offer expanded crypto services.
- The bank aims to integrate blockchain technology into various financial products.
US digital bank SoFi Technologies is set to reintroduce cryptocurrency services by the end of 2025. It marks a significant shift from its decision in 2023 to suspend such offerings.
This move aligns with recent regulatory changes that have created a more accommodating environment for financial institutions engaging in digital assets.
In a recent CNBC interview, CEO Anthony Noto expressed enthusiasm about the…
