2020-7-24 17:00 |
Regulatory approval doesn't mean banks are about to begin providing crypto custody, but it is accelerating a conversation about financial institutions safeguarding bitcoin.
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The recent approval of Bitcoin and other crypto-assets for custody in the US banking sector is one of the best news to happen to the crypto industry in 2020. However, pundits have stated that the move is selfish preservation on the part of banks, who are scared of the imminent disintegration of fiat currencies and […]
2020-7-24 20:54 | |
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A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid unprecedented economic contraction.
2020-7-8 21:25 | |
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Switzerland’s financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody. Maerki Baumann Bank subsequently announced the launch of its trading platform for major cryptocurrencies while Incore Bank is offering a range of crypto services.
2020-6-3 10:02 | |
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Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for trademark registration, reportedly listing over 20 crypto services on its application.
2020-3-28 11:30 | |
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Over 40 German banks have sought regulatory approval to offer digital asset custodial services
2020-2-12 14:02 | |
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Bitcoin is a controversial topic in many areas of the world still, especially for banks. There are some banks that have restrictions on exactly what type of investment portfolio their employees are allowed to have.
2019-12-4 22:28 | |
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One of the biggest issues that have faced the cryptocurrency industry has been the need for countries to amend their laws to allow the use of these assets. Now, based on new reports from The Block, banks in Germany are in the process of passing a law that would allow them to hold and sell […]
2019-12-2 01:48 | |
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The regulatory constraints that previously prohibited German banks from offering Bitcoin-related services to clients could soon become a thing of the past. New reports are coming in that once the fourth EU Money Laundering Directive comes into effect, financial institutions in Germany will have the legal and regulatory approval to offer and hold cryptocurrencies including […] The post Bitcoin Gets a Big Boost in Germany After Banks Allowed to Offer Cryptocurrencies appeared first on BeInCrypto.
2019-11-30 04:18 | |
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Facebook‘s Libra will find it difficult to get any support in the current ecosystem. Since its announcement back in June, criticism with regards to its centralized control and Libra’s inefficiency to come to terms with regulations has piled up on its development, with many now believing that Libra will never officially get approval for launch.
2019-10-26 21:30 | |
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Shinhan, one of the oldest and largest banks in South Korea, is using blockchain technology to speed up the approval process for loan products.
2019-5-28 13:00 | |
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Within the sphere of traditional finance, at least, crypto has a custody problem. The problem? Crypto is complicated, security is tricky and — if we’re being frank — the suits don’t know a bit from a byte (or a blockchain from a cloud server).
2019-4-12 22:03 | |
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Сеть биткоина преодолела очередной рубеж. За всю историю первой криптовалюты ее блокчейн обработал уже более 400 млн транзакций. The Bitcoin blockchain has processed more than 400 million transactions, and it didn’t need anyone’s approval.
2019-4-9 14:42 | |
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Binance has partnered with Medici Ventures’ portfolio company IdentityMind, a risk management and regulatory-technology compliance platform, in a bid to enhance its fraud protection and compliance protocols.
2019-3-28 18:08 | |
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The Financial Action Task Force has finalized its requirements for the supervision and monitoring of cryptocurrency service providers. The inter-governmental body has reportedly urged all of its 35 member countries to regulate crypto exchanges in the same manner they regulate commercial banks.
2019-3-1 15:47 | |
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The Financial Action Task Force has finalized its requirements for the supervision and monitoring of cryptocurrency service providers. The inter-governmental body has reportedly urged all of its 35 member countries to regulate crypto exchanges in the same manner they regulate commercial banks.
2019-2-28 15:47 | |
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B2C2, a cryptocurrency “liquidity provider” and electronic OTC trading magnate, has recently announced that British regulators have given their U. K. -based subsidiary approval to offer the crypto space a new investment derivative.
2019-2-1 20:57 | |
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One of the world’s largest investment banks may soon bring cryptocurrencies into its trillion-dollar investment fold. Goldman Sachs is allegedly devising a cryptocurrency custody service, individuals familiar with the matter told Bloomberg.
2018-8-7 20:57 | |
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Critics of SAB 121, introduced in March 2022, have called the rule “obscure,” a “diktat” and a “pernicious weed.”
When mining bitcoin and receiving their hard-won currency, miners have to decide how to custody their earnings. A comprehensive guide to self-custody for those securing the Bitcoin network.
Derivatives exchange Deribit is the first to integrate FalconX’s Prime Connect.
LBBW will first offer crypto custody to corporate clients with a market launch planned for the second half of 2024.
BitGo had already been storing crypto assets under the regulator's supervision since 2019 as part of a transitional regime, the firm said.
Onramp is harnessing multisig security, in which multiple custodians control the private keys to the bitcoin being held, tapping BitGo to perform this role alongside Coincover and Kingdom Trust.
The miner is adding Fidelity to diversify its bitcoin (BTC) custody.