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Coinbase Hires Goldman Veteran to Lead Financial Operations
25.2.2022
It’s the latest in a long line of traditional finance executives exiting their positions to join the crypto industry
Western Allies Claim their Targetted Russian Sanctions Trump a SWIFT Ban as Russian Occupiers Near Kyiv
25.2.2022
The EU claimed it has created a “package of sanctions” that will be “massive and painful” for Russia. It stated that the new sanctions would remove some 70% of Russia’s banking capabilities – but Europe appears utterly divided as to whether it should block banks from an international banking...
IRA Financial 'Swatted' at Time of $36M Crypto Hack, Police Officer Tells Victim
24.2.2022
The detail adds another layer of intrigue to the seemingly inexplicable hack of IRA Financial Trust, an institutional partner of the Gemini exchange
Ukraine Central Bank Limits Cash Withdrawals Amid Russian Assault
24.2.2022
The central bank of Ukraine has capped withdrawals of cash in national fiat and banned those in foreign currency. The monetary authority says the measures aim to ensure the functioning of the nation’s financial system under the martial law introduced in response to Russia’s military...
Canadian Police Begin Unfreezing Accounts Tied to Freedom Convoy as Trudeau Revokes Emergencies Act
24.2.2022
Canada’s prime minister, Justin Trudeau, has ended the use of the Emergencies Act invoked last week to deal with the Freedom Convoy trucker protest. The Canadian police have also instructed financial institutions to unfreeze accounts previously frozen. “The situation is no longer...
Swiss Crypto Bank SEBA Gets License to Operate in UAE Financial Center
24.2.2022
The Swiss crypto bank, SEBA Bank, was recently granted a license to operate in the Abu Dhabi Global Market (ADGM), the UAE’s financial center. The license allows SEBA to conduct regulated services. SEBA’s Strategy The Swiss-registered digital asset bank, SEBA Bank, has been granted...
Are Crypto Investors Savvy or Suckers? The UK’s Tax and Financial Regulators Don’t Agree
24.2.2022
The two agencies' differing opinions are impeding the development of comprehensive guidelines that would protect investors and ensure crypto's development
Mitsubishi UFJ to Launch ‘Digital Asset Wallet,’ Suspends Blockchain Payments Project
23.2.2022
The Japanese financial behemoth the Mitsubishi UFJ Financial Group is set to create a wallet that will be capable of storing and making use of “blockchain-powered digital assets” and NFTs – although its primary goal appears to be the securities tokens market. Also, the financial giant announced...
Japan's Mitsubishi UFJ Financial Ends Blockchain Payment Network Plan
23.2.2022
Mitsubishi UFJ Financial Group (MUFG), one of Japan's largest financial institutions, has decided to suspend its high-speed blockchain payment network
Bank of Spain Governor Warns About Traditional Banking’s Exposure to Crypto Assets
23.2.2022
The Governor of the Bank of Spain has alerted the public about the risks mixing traditional banks with crypto assets might bring to the economic system. Pablo Hernández de Cos stated that the direct or indirect exposure to these assets would increase the risks associated with the financial...
Swiss index provider launches new product tracking 10 DeFi tokens
23.2.2022
“Incorporating fundamental metrics in index creation offers investors the possibility to allocate in the most efficient DeFi tokens based on rational economic indicators," said Compass Financial Technologies CEO Guillaume Le Fur
Can crypto be used to prove financial independence for travel visas?
21.2.2022
"There could be individual situations where a consulate might also accept other proof of assets, such as crypto-assets," said Laura Bernard of the European Commission
Future of finance: US banks partner with crypto custodians
21.2.2022
Traditional financial institutions must work hand-in-hand with crypto custodians, sub-custodians and service providers moving forward
Crypto Exchange Binance Halts Activities in Israel After Regulator Raises Licensing Issue
19.2.2022
Binance has reportedly halted services in Israel after the cryptocurrency exchange was approached by the country’s financial regulator inquiring about its activities and the licenses under which it operates. A growing number of regulators have been scrutinizing Binance for operating without...
Trudeau’s Government Warns More Accounts Will Be Frozen — Freedom Convoy Truckers Hold Their Ground
18.2.2022
The Canadian government has warned that more financial accounts and cryptocurrency wallets will be frozen as law enforcement attempts to end the Freedom Convoy trucker protest. However, truckers are standing their ground even after the police arrested two protest organizers. Prime Minister Justin...
More Investors Enter Crypto But Keep Multiple Financial Service Providers - Survey
18.2.2022
Crypto ownership is on the rise, but investors are not abandoning traditional financial services as a result of their intensifying interest in cryptoassets. On the contrary, crypto investors are more likely to use multiple financial services providers than the general population is, suggests...
Low Millennial financial well-being drives crypto adoption: report
18.2.2022
Millennials are most likely to seek alternative financial services and assets such as crypto, and younger generations are hopping on to the bandwagon leading researchers to expect a crypto boom in 2022
Coinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’
17.2.2022
On Wednesday, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is described as an “industry-driven solution” developed to comply with...
LBank Exchange Will List Marhaba Network (MRHB) on February 17, 2022
17.2.2022
PRESS RELEASE. INTERNET CITY, DUBAI, Feb. 17, 2022 – LBank Exchange, a global digital asset trading platform, will list Marhaba Network (MRHB) on February 17, 2022. For all users of LBank Exchange, the MRHB/USDT trading pair will be officially available for trading at 21:00 (UTC+8)...
JPMorgan: Global Regulation Urgently Needed for Banks to Help Clients Invest in Crypto
17.2.2022
A globally consistent crypto regulatory framework is urgently needed to allow banks to handle crypto assets on behalf of large customers, said a JPMorgan executive. “We need a globally consistent regulatory framework. It’s important that we get to a solution as quickly...