[Sony Applies for Banking License to Offer Cryptocurrency Services]
Sony, through its online banking division, has applied for a national banking license, planning to provide cryptocurrency and stablecoin-related services. This application joins the ranks of crypto companies such as Stripe, Coinbase, Paxos, and Circle seeking OCC licenses. This move indicates that traditional enterprises are accelerating their entry into the crypto space, potentially driving further refinement of the industry's regulatory framework. (Decrypt)