The agreement was made in a memorandum of understanding, but SBI Holdings must first register as an electronic payment instruments service provider in the country.

Antoine Riard, who left the Lightning Network in October, argues it is also at risk of becoming increasingly centralized and susceptible to single points of failure and censorship risks.

One crypto executive predicted five months ago that spot Bitcoin ETFs would only be approved after Binance lost ground on its market dominance.

The court cited Sam Bankman-Fried’s alleged witness tampering as the main grounds for rejecting his release bid.

The cryptocurrency exchanges offers a self-custody solution that integrates a multiparty computation technique to secure funds.