On July 5, it was confirmed that Square Inc. had withdrawn its application to open a new depository bank, but said it will refile later this year with the Federal Deposit Insurance Corp. However, its application with the Utah Department of Financial Institutions remains active.  The News was first reported by the American Banker, which noticed that Square’s application was no longer listed among pending applications. A spokesperson from Square stated that company had removedRead MoreThe post Square Confirms Withdrawn Application to the FDIC appeared first on Bitcoinist.com. For Further Information Click on Below Button