2023-10-19 21:18 |
The Basel Committee on Banking Supervision has proposed standardized disclosure templates for major banking institutions regarding their crypto asset exposure, aiming for implementation by 2025.
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International regulators propose new transparency measures for banks' crypto asset exposures, following a tumultuous year marked by banking disruptions linked to digital currencies.
2023-10-6 19:49 | |
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Key takeaways Laser Digital has become the latest digital asset firm to receive approval to operate in Abu Dhabi. The firm is owned by Japanese banking giant Nomura Bank. Laser Digital can now operate in Abu Dhabi Laser Digital, the digital assets arm of Japan’s Nomura Bank, has received in-principal approval to provide broker-dealer services […] The post Nomura Bank’s Laser Digital receives approval for operations in Abu Dhabi appeared first on CoinJournal.
2023-9-27 11:00 | |
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Japan’s financial giant Nomura launches Bitcoin adoption fund The Bitcoin Adoption Fund is offered by Laser Digital Asset Management, a subsidiary of $500 billion Nomura. Laser Digital’s new fund offers long-only exposure to Bitcoin (BTC).
2023-9-20 20:11 | |
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Hong Kong warns crypto firms against using the word “bank” The Hong Kong Monetary Authority (HKMA) says only licensed banks can take “deposits. ” Using terms such as digital bank, crypto bank and crypto asset bank contravenes the Banking Ordinance.
2023-9-16 21:23 | |
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Prompted by regulatory pressures, Binance. US is transitioning to a crypto-only exchange, replacing USD with USDT as its base asset. As Binance reported, this move is a strategic response to banking partners suspending USD channels following the Securities and Exchange Commission (SEC) lawsuit.
2023-8-23 12:08 | |
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The initiative aims to help Italian banks, asset managers and financial institutions, including the $1 trillion banking group Intesa Sanpaolo, experiment with decentralized finance and security tokens.
2023-7-27 17:00 | |
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HSBC will offer access to three ETFs listed on the Hong Kong Stock Exchange, including CSOP Bitcoin Futures ETF and CSOP Ethereum Futures ETF. The banking behemoth also launched a new service dubbed Virtual Asset Investor Education Center that offers educational and risk disclosure materials for customers.
2023-6-26 18:32 | |
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Banking giants like Standard Chartered, HSBC and Citi are set to run multiple tokenization trials across financial asset classes.
2023-6-27 14:26 | |
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CACEIS Bank, the French banking entity of the CACEIS group, has achieved a significant milestone by obtaining PSAN status from the AMF, following the recommendation of the ACPR.
2023-6-23 18:43 | |
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With state-level jurisdictional sovereignty, the Catawba Digital Economic Zone seeks to create an environment conducive to the growth of the digital asset industry.
2023-6-23 19:27 | |
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Deutsche Bank Makes Regulatory Move to Operate as Crypto Custodian in Germany, Following Recent Growth in Digital Asset Ventures Deutsche Bank AG, a prominent banking giant, has submitted an application for regulatory approval to establish itself as a crypto custodian within Germany, according to the bank’s announcement on Tuesday.
2023-6-22 14:56 | |
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Deutsche Bank AG has recently announced it is now looking to offer custody services for cryptocurrencies. While the price of crypto assets remains volatile, major institutions banking institutions are starting to take notice.
2023-6-21 23:00 | |
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Banking giant Deutsche Bank AG has applied for regulatory permission to operate as a crypto custodian in Germany, the bank said Tuesday.
2023-6-21 20:41 | |
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Deutsche Bank has applied to BaFin for a digital asset custody license as traditional finance firms explore asset tokenization to enter the crypto industry. Tokenization allows banks to manage illiquid assets on the blockchain without a broker.
2023-6-21 19:15 | |
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Investment bank Deutsche Bank AG has applied to provide cryptocurrency custody services in Germany, per a June 20 Bloomberg report. Deutsche Bank’s head of commercial banking unit, David Lynne, reportedly confirmed the bank’s application during a conference on Tuesday, saying: “We’re building out our digital assets and custody business.
2023-6-20 17:34 | |
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Germany’s banking industry is slowly warming up to the crypto sector, with multiple partnerships and crypto services launching in 2023 after a long, cautious approach.
2023-6-20 15:13 | |
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Bitcoin (BTC), the top cryptocurrency, has emerged as a force to be reckoned with in the financial world. Since the US banking crisis, the cryptocurrency has proven its mettle by recording superior growth compared to the traditional haven asset, gold.
2023-6-16 13:45 | |
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The Russian banking giant Sberbank is getting into the cryptocurrency trading business. According to a release, the bank will begin providing crypto asset services to its customers this month. This exciting new phase in the bank’s continuous foray into cryptocurrency is expected to take place in the coming weeks.
2023-6-12 15:14 | |
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The real estate developer’s fintech unit already has a digital banking license in Singapore; “We are ready to step into Hong Kong,” CEO says.
2023-5-18 19:37 | |
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The letter criticizes the proposed rule for its impact on the banking industry, particularly in ways that would be disadvantageous to the digital asset industry.
2023-5-12 01:30 | |
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Key Takeaways First Republic has become the latest bank to collapse in the US Bitcoin has bounced this week, as it did in March when SVB fell and the banking crisis was triggered Our Head of Research, Dan Ashmore, contends that Bitcoin remains a risk asset, despite claims from enthusiasts that a decoupling is occuring […] The post Bitcoin still trading like a risk asset, despite claims of decoupling amid banking crisis appeared first on CoinJournal.
2023-5-3 14:54 | |
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Despite the volatile price action of Bitcoin (BTC), the world’s largest cryptocurrency has outperformed every other asset, including gold. Although it is trading below its psychological milestone of $30,000 at $29,000, Bitcoin is expected to grow further in 2023, as it acts as a safe haven for investors amidst the US banking crisis.
2023-4-29 23:00 | |
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The lawmakers see a “coordinated strategy” to deny the digital asset industry access to banking that is not related to a desire to protect banks.
2023-4-27 04:48 | |
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Tether CTO Paolo Ardoino believes that USDT is becoming the “safest asset to hold in the world” amid the banking crisis.
2023-3-24 13:02 | |
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Conor Ryder, researcher at digital asset data provider Kaiko, has examined the liquidity of the Bitcoin and crypto markets in a new study, finding that the liquidity situation in crypto has deteriorated further this month following the banking scares.
2023-3-24 12:10 | |
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Bitcoin's price action this week provides a clear market signal that Bitcoin is decoupling from other assets. Is Bitcoin, for the first time, acting as a safe haven asset in response to the traditional banking system and in response to a globally fraught central bank monetary policy?
2023-3-22 02:01 | |
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USD Coin (USDC) issuer Circle has applied to become a licensed Electronic Money Institution and a registered Digital Asset Service Provider (DASP) in France — expanding its operations in Europe. The post USDC issuer Circle seeks regulatory approval in France amid US banking troubles appeared first on CryptoSlate.
2023-3-22 20:45 | |
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Cryptocurrencies were dealt a huge blow last week when major banks key to the sector, Silvergate, Silicon Valley Bank, and Signature, collapsed abruptly, destabilizing the on-off ramp services for most digital asset companies.
2023-3-21 14:29 | |
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The data may reflect investors’ need for liquidity during the banking crisis, a CoinShares report says.
2023-3-20 21:23 | |
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Washington government officials have continued to view cryptocurrencies sceptically, and things might get grimmer for the fledgling asset class. The U.S. Senate Committee on Banking, Housing, and Urban Affairs recently met in an open session to conduct a hearing on digital assets in response to the turbulence plaguing the markets. The hearing, titled “Crypto Crash: […]
2023-3-20 22:10 | |
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As the crypto banking crisis unfolds, investors are increasingly drawn to tokenized diamonds, a stable and tangible alternative asset class that offers protection amid market uncertainty.
2023-3-17 21:08 | |
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The cryptocurrency isn’t isolated from the traditional banking system, and its price is supported by U.S. dollar liquidity, the report said.
2023-3-16 14:27 | |
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The COVID-19 pandemic caused governments and central banks to create a lot of new money, which had significant impacts on the banking industry, asset prices, and the cryptocurrency market.
2023-3-15 23:34 | |
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The Nigerian president-elect wants to review existing SEC digital asset regulations to stimulate economic growth.
2023-3-11 16:04 | |
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The banking giant’s asset management arm, DWS Group, is looking to expand further into the digital assets space.
2023-2-9 19:42 | |
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The banking behemoth HSBC announced in September last year that it will not offer crypto services. Its CEO at the time, Noel Quinn, was concerned about the “sustainability” of crypto prices, and the bank was more “negative” than other institutions on the digital asset class, citing the volatility of cryptocurrencies. “As a bank, we’re not […]
2023-2-1 15:20 | |
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The German banking giant chose Swiss cryptocurrency custody tech firm Metaco to develop its institutional digital asset offering.
2023-1-31 12:45 | |
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Ahead of Gold, US Treasury, the S&P 500, and others, banking giant Goldman Sachs ranks Bitcoin (BTC) in the top 1 best-performing asset year-to-date, per a Twitter user. Related Reading: MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault According to Goldman Sachs, Bitcoin has outperformed its cryptocurrency pairs and those major financial institutions of the traditional market with a risk-adjusted return (Sharpe ratio) of 3.
2023-1-26 01:25 | |
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Ohio Senator and Chairman of the Senate Banking Committee, Sherrod Brown, has expressed concerns about the dangers of cryptocurrencies, saying the asset class ‘ought to be banned. ’ The politician made the comments Sunday while speaking on Meet the Press with NBC’s Chuck Todd.
2022-12-21 12:39 | |
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A cross-section of players in the digital asset industry believes it needs strategic regulations across all sectors to bring up dwindling confidence among investors. The New York State Department of Financial Services (NYDFS) has released a new cryptocurrency regulation for banks and other financial institutions in its jurisdiction.
2022-12-17 16:21 | |
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The Office of the Comptroller of the Currency (OCC) said the digital asset industry was maturing but was “not yet robust” in its risk management.
2022-12-10 08:23 | |
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The New York-headquartered multinational investment bank, JP Morgan, has now registered its official trademark for a crypto wallet. The investment banking behemoth has been working on providing its users with electronic digital asset transfers through global computer interoperability. New Frontier…
2022-11-22 02:15 | |
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Nubank, a Brazilian online banking company, will debut its cryptocurrency in Brazil next year, signifying the largest financial company’s most recent venture into virtual properties. The introduction of the virtual asset Nucoin is anticipated to occur in the first half…
2022-10-20 23:00 | |
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Crypto banking and payments platform BVNK has won registration has a virtual asset services provider (VASP) in Spain.
2022-10-13 11:00 | |
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The international financial community went long form to speak up for its interests as the Basel Committee on Banking Supervision continues to optimize banking regulation.
2022-10-4 15:00 | |
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Societe Generale said its new suite of services geared to asset managers facilitates the creation of bitcoin and cryptocurrency funds under European law.
2022-9-22 18:59 | |
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According to banking behemoth State Street, global asset managers are unfazed by the ongoing cryptocurrency "winter." In what has been nicknamed a "crypto-winter," the prices of cryptocurrencies have The post Should institutions worry about the crypto-winter? State Street says... appeared first on AMBCrypto.
2022-9-13 23:00 | |
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The biggest news in the cryptoverse for September 7 includes Signature Bank seeing outflows in the digital asset banking space totaling $4. 27 billion, Ripple’s CBDC initiatives, and Coinbase’s proposal that could generate up to $24 million annual passive income for MakerDAO.
2022-9-8 01:53 | |
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The bank’s spot deposits fell $1.64 billion driven by outflows in digital asset banking of $4.27 billion.
2022-9-7 17:34 | |
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US senators Ron Wyden and Cynthia Lummis sent a letter to the DOJ questioning if services like Samourai Wallet meet the definition of money transmitters under current laws and guidance. The post Senators question DOJ for ‘unprecedented interpretation’ over Samourai Wallet and Tornado Cash appeared first on Crypto Briefing.
House Financial Services Committee Chairman Patrick McHenry said new legislation that will give the crypto industry greater clarity regarding regulatory oversight is set for a potential House floor vote by the end of May.
The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto exchanges. The watchdog made the proposal in its latest consultation report for Nigeria.
Cryptocurrency exchange Kraken refuted the SEC's claims it listed securities, arguing the regulator lacks evidence and is misusing terms to expand authority. The post Kraken refutes SEC’s claim that it offered ‘investment concepts’ appeared first on Crypto Briefing.
Taiwan is bolstering its anti-money laundering regulations through amendments to its Money Laundering Control Act, as the island aligns its laws with international standards set by the Asia/Pacific Group on Money Laundering (APG).
Quick Take The Federal Reserve and other central banks worldwide are approaching the end of a rate-hiking cycle, raising concerns about a potential recession. Historical data from Rosenberg Research, shared by QE infinity, reveals a concerning trend: out of the past 14 rate-hiking cycles since 1950, the United States has experienced a recession 11 times.
The US House passes bipartisan resolution H.J.Res.
The post House passes resolution overturning SEC rule on crypto and digital asset custody appeared first on Crypto Briefing.