Robinhood Withdraws Bank Charter Application Due to Regulatory Challenges

Stock and cryptocurrency trading platform Robinhood has withdrawn its bank charter application with the Office of the Comptroller of the Currency.

As CNBC reported on Nov. 27, Robinhood voluntarily decided to withdraw its application with the regulator due to the challenges the company could face in receiving a charter. A spokesperson said that “Robinhood will continue to focus on increasing participation in the financial system and challenging the industry to better serve everyone.”

Robinhood applied for a bank charter with the United States Office of the Comptroller of the Currency in April,

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AI Application Development Platform Dbrain Raises $8M Investment Led by Bitfury and AngelVest

A syndicate of investors including Angelvest, Bitfury Group, and a consortium of cryptocurrency traders is making a $3 million equity investment to the AI application development platform Dbrain.

This comes after an earlier $5 million investment from Bitfury in Dbrain’s DBR token and brings total capital raised to $8 million.

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