Galaxy Digital applies for national bank, Bank of England proposes CCP guidelines, Bharat Web3 Association emphasizes security and transparency, and other Web3 news

OpenAI has doubled the Work and Codex quotas for its Pro 100 and Pro 500 plans, while the Pro 200 plan received a lower quota increase without a planned cut; however, the Plus plan remains unchanged. (📰eGamers.io)
The Bank of England has proposed a Supervisory Statement for assessing applications from central counterparties (CCPs) to accept tokenised collateral, emphasizing that the current regulatory framework does not prevent such arrangements if they meet existing standards. (📰The Paypers)
Galaxy Digital has applied to establish Galaxy National Bank as a federally regulated trust institution, aiming to offer digital asset custody, trading, and staking services, pending OCC approval. (📰The Paypers)
Bharat Web3 Association Chairman Dilip Chenoy stated that the crypto industry’s response to the Binance hack could lead to improved security standards and investor protection, emphasizing the importance of transparency and collaboration. (📰CNBC TV18)
SAT Japan has partnered with Triple-A to accept stablecoin payments for international vehicle purchases, allowing customers to pay in digital currencies while the exporter receives funds in USD. (📰The Paypers)