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U.S. Banking Watchdog Hsu Says Tokenization Promising, But Crypto Full of Fraud
7.11.2023
Tokenization of assets could be the answer to the risky complexities of settling the movement of funds and securities, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency
Fiat on-ramps, banking partners crucial for institutional Web3 adoption - European Blockchain Convention
7.11.2023
Prominent fiat payment rail services and neobanking platforms are becoming a catalyst to address institutional mistrust in the cryptocurrency sector
Fiat on-ramps, banking partners crucial for institutional Web3 adoption - European Blockchain Convention
7.11.2023
Prominent fiat payment rail services and neobanking platforms are becoming a catalyst to address institutional mistrust in the cryptocurrency sector
Today in Crypto: Xapo Bank Enables Non-US Members to Invest $10 in S&P 100 Stocks, Nym Technologies Reveals NymVPN Upcoming Launch and Info
2.11.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Investment news Bitcoin and stablecoin custodian and licensed private bank Xapo Bank announced the launch of a new Stocks...
Revolut Named Most Crypto-Friendly Bank in the UK
2.11.2023
Revolut has become the most cryptocurrency-friendly bank in the United Kingdom. According to a report by Recap, Revolut stands out from other banks by allowing customers to trade cryptocurrencies directly through its mobile banking app and providing them with educational materials to enhance their...
Swiss Bank SGKB Partners with SEBA for Crypto Custody and Trading Services
2.11.2023
Switzerland’s fifth largest cantonal bank, St.Galler Kantonalbank (SGKB), has partnered with SEBA Bank to offer custody and trading services for Bitcoin and Ethereum. SGKB announced that the service is initially available to a select group of wealth-management clients at SGKB with future...
TradFi gets crypto boost: Renegade joins Cointelegraph Accelerator
2.11.2023
Cointelegraph Accelerator welcomes Web3-friendly fintech platform Renegade to its program
AI’ takes Collins dictionary word of the year, ‘debanking’ makes shortlist
1.11.2023
The Collins dictionary named AI word of the year, describing AI-powered language models as “bursting into the public consciousness” and “much talked about” in 2023
Blockchain Investment Firm Hivemind Expands to Hong Kong, Appoints Veteran Banker as Head of Asia
1.11.2023
Hivemind Capital Partners, a prominent web3 and digital asset investment firm, has announced plans to expand operations to Hong Kong. The company has also appointed Stanley Huo, a seasoned investment banker, as its head of Asia, according to a Tuesday press release.   With over 15 years...
Nigerian Fintech Startup Vella Finance Drops Crypto-Related Services
31.10.2023
The Nigerian fintech Vella Finance recently informed users and subscribers that it would stop offering crypto related services starting on Oct. 30. According to co-founder Tolu Adedayo, offering crypto and banking services at the same time is not feasible, hence the decision to drop the former....
Banking Giant Standard Chartered’s Crypto Custody Firm Zodia Launches in Hong Kong
31.10.2023
British banking giant Standard Chartered-owned crypto custody firm Zodia is launching services in Hong Kong. “The Hong Kong government and the regulators see digital assets as the future and also want Hong Kong to be a hub,” the crypto firm’s CEO emphasized. Zodia has already expanded into...
US Treasury Deputy Secretary: Crypto Not Major Source of Funding for Terrorists
30.10.2023
U.S. Treasury Deputy Secretary Wally Adeyemo says crypto is not the vast majority of the ways terrorist groups are funded, noting that these organizations “continued to use the traditional banking system.” His statements followed media reports claiming that Hamas raised a large sum...
Standard Chartered-Backed Crypto Custody Zodia Launches in Hong Kong
30.10.2023
Zodia Custody, the crypto security firm owned by British banking giant Standard Chartered, is expanding its services to Hong Kong. Zodia Custody’s foray into Hong Kong marks its latest stride into the Asia-Pacific region after announcing plans to expand into Singapore last month. Established...
Spot Bitcoin ETF Approval: Cantor Fitzgerald Grows Confident – Here’s Why
29.10.2023
Analysts at financial services firm Cantor Fitzgerald believe the long-awaited spot Bitcoin ( BTC) exchange-traded fund (ETF) is inching closer to reality. The company, known for its prime brokerage and investment banking services, has grown confident in the approval of applications from asset...
U.S. Senate's Banking Chairman Says Panel to 'Crack Down' on Crypto's Terrorism Ties
26.10.2023
U.S. Sen. Sherrod Brown (D-Ohio) has said the Senate Banking Committee will "crack down on the use of crypto to fund terrorism and evade sanctions" at a time when the U.S. must stand with both Ukraine and Israel as they fight back against Russian President Vladimir Putin and Iranian-backed...
JPMorgan’s JPM Coin Facilitates $1 Billion in Daily Transactions as Banking Giant Targets Cross-Border Settlements
26.10.2023
JPMorgan Chase & Co.’s digital token, JPM Coin, currently handles $1 billion worth of daily transactions, Global Head of Payments, Takis Georgakopoulos revealed. Georgakopoulos revealed in an interview on Bloomberg Television that JPM Coin is currently transacted daily, primarily in...
Hong Kong Regulators Restrict Retail Investor Access to ‘Complex’ Crypto Products
23.10.2023
The securities regulator and the central banking institution of Hong Kong have updated the region’s crypto policy in response to enquiries from the industry. In a circular on the virtual asset-related activities of intermediaries, the authorities introduced additional measures to protect retail...
Crypto Shareholder Requirements Set Out by EU Banking Regulators
20.10.2023
Controls on staff bonuses at crypto exchanges and wallet providers are also planned as the bloc prepares for its landmark crypto law, MiCA
EBA and ESMA Release Consultation Paper on Assessing Suitability for Crypto-Asset Service Providers
20.10.2023
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published a joint consultation paper on two draft guidelines.
On October 19, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published joint guidelines that...
European Banking Authority, ESMA issue crypto entity suitability guidelines
20.10.2023
The joint guidelines include granting authorization for ART and CASP issuance and conducting prudential assessments for potential acquisitions