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3 Strategies Crypto Firms Can Use to Land a New Banking Partner
30.3.2023
After the recent collapse of three crypto-friendly banks, many firms are left hunting for new banking partnerships. Brett Philbin, Rachel Millard and Rosie Gillam of Edelman Smithfield offer advice
Belarus Says Crypto Firms Can Operate Tax-free Until 2025
30.3.2023
Belarus is continuing its bid to woo crypto firms – by extending tax exemptions for token miners and developers until 2025.
Per the Belarusian media outlet AFN, President Aleksander Lukashenko this week signed a decree that will allow miners and other crypto business operators to do business...
Crypto Firms in Hong Kong Get Boost as Regulators Host Meeting with Bankers
28.3.2023
Hong Kong officials plan to host a meeting between crypto companies and bankers in an attempt to ease financing for the sector as the city pushes toward becoming a global crypto hub.
The meeting, scheduled for April 28 at the Hong Kong Monetary Authority, is intended to “facilitate direct dialog”...
US Crypto Firms Eye Overseas Move Amid Regulatory Uncertainty
27.3.2023
Citing an ongoing regulatory crackdown, crypto companies are considering shifting to more favorable jurisdictions. Jeff Wilser reports
Hong Kong crypto firms seeing interest from Chinese banks: Report
27.3.2023
Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland
80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says
25.3.2023
Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Canada, European Union countries, Singapore, the U.K., and the U.S....
Over 80 crypto firms eyeing presence in Hong Kong: Financial Secretary
20.3.2023
Since October, more than 80 virtual asset companies have expressed interest in establishing in the city, while 23 have indicated actual plans of doing so
Blockchain Association seeks info from Fed, FDIC, and OCC on 'de-banking' crypto firms
16.3.2023
The association submitted Freedom of Information Act requests as part of an investigation into how regulators’ actions “improperly contributed” to the collapse of three banks
Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White
15.3.2023
Speaking at the SXSW conference in Austin, Molly White compared crypto companies' current predicament to that in 2017 and 2018, when they had “trouble accessing banking”
Banking Crisis in U.S. Likely to Push Crypto Firms Offshore
14.3.2023
SVB and Silvergate are out, but major banks are still backing crypto firms
14.3.2023
While two of the crypto industry’s biggest backers have fallen, crypto firms are not at a loss with a number of alternative and crypto-friendly support options available
SVB crisis: Here are the crypto firms denied exposure to troubled US banks
14.3.2023
Some of the biggest firms in crypto have denied exposure to any of the failed banks in the United States
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits
13.3.2023
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount...
How USDC Stablecoin Depegging Could Break Many Crypto Firms But Bitcoin Will be Stronger
11.3.2023
USDC stablecoin is depegging at an alarming rate, falling to as low as $0.89, way off its $1 peg.
Volatility is expected to continue throughout the weekend as panic sets in after the Silicon Valley Bank collapse.
The failure of SVB is hurting the reserve position of USDC, which is issued...
Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil
11.3.2023
According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson cited deteriorating “macroeconomic conditions” and the “crypto winter”...
Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist
8.3.2023
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details...
U.S. Banking Watchdog: You Can’t Trust Crypto Firms Until They Get Federal Oversight
6.3.2023
As it stands, there’s no way for people to know which crypto firms they can rely on, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency (OCC), in a speech Monday
French National Assembly Votes for Tougher Registration Rules for Crypto Firms
28.2.2023
The approval Tuesday means a new regime cast in the wake of the FTX collapse will pass into law
Binance banking problems highlight a divide between crypto firms and banks
16.2.2023
With exchanges losing banking partners, experts are beginnig to warn of a widening relationship between crypto firms and traditional banks
SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms
15.2.2023
The U.S. Securities and Exchange Commission (SEC) is set to propose a rule that would effectively require registered investment advisers to go outside the crypto industry for storing digital assets, according to its first formal policy push that leans heavily into the cryptocurrency sector