Tel Aviv-based ZenGo launched a crypto debit card for U.S. users, days after Coinbase announced the launch of a visa debit card for U.S. consumers next year.

The New York State Department of Financial Services (DFS) has granted PayPal a conditional Bitlicense to partner with New York State-chartered Paxos Trust Company to allow its customers to buy and sell cryptocurrencies.

U.S. Federal Reserve Chair Jerome Powell told a forum on digital payments hosted by the International Monetary Fund that it’s more important for the U.S. to get a central bank-backed digital currency right than to be the first country rolling it out.

Brian Armstrong, CEO of cryptocurrency exchange Coinbase, responded to employee concerns on its lack of a stance on social justice issues. The company has opted to enforce a policy not to engage on matters “when issues are unrelated to our core mission.”

Chinese media reported this week that the country’s central bank is working with e-commerce behemoth JD.com on mobile apps that will support a digital yuan.

Cryptocurrency exchange Kraken is the first crypto company to acquire a banking license in the U.S.

Payments company Square this month created a nonprofit called the Cryptocurrency Open Patent Alliance (COPA). Its goal is to promote open-source frameworks that encourage innovation.

Mastercard inked a partnership with London-based crypto platform Wirex that will allow the company to issue cards on Mastercard’s network. Wirex already offers crypto-friendly Visa cards.

A settlement with the SEC marks the end of encrypted messaging app Telegram’s “Gram” digital currency project, which the company said last year would operate on a decentralized framework reminiscent of bitcoin. As part of the settlement, Telegram and subsidiary TON Issuer this week agreed to pay a $18.5M civil penalty and return around $1.2B to investors.