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OCC Chief Says Americans Gravitating Toward Digital Currencies: Urges Banks to Embrace Innovation
21.8.2020
Brian Brooks, the acting comptroller of currency at the U.S. Office of Comptroller of Currency (OCC), says America must adopt digital currency payment rails if the country hopes to compete with global payment rails in the future. He insists changing consumer needs must be prioritized over...
The OCC’s Crypto Custody Letter Was Years in the Making
18.8.2020
The Office of the Comptroller of the Currency has been evaluating the cryptocurrency space for years, well before it publicly announced banks could provide services in the field last month
Two More Major South Korean Banks Keen on Crypto Custody
14.8.2020
Another two major commercial South Korean banks have expressed an interest in launching crypto custody services – but industry experts said they may be making their moves too late, and are lagging behind the American banks.
As previously reported, two other commercial banks – Nonghyup and Kookmin...
South Korea’s Largest Bank Unveils Bitcoin Custody Services
9.8.2020
KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services. In January, the government-owned bank filed its trademark application for digital assets custody with...
Major South Korean Bank Joins the Crypto Custody Business
8.8.2020
We’re suddenly seeing banks lining up to support crypto custody, and KB Kookmin Bank is looking to get in on the action
Government-Owned Swiss Bank Launching Crypto Trading and Custody Services
4.8.2020
Basler Kantonalbank (BKB), Switzerland’s eighth-largest bank, is getting into crypto through its subsidiary, Bank Cler. Owned by the Swiss Canton of Basel-City, BKB has total assets of approximately $49 billion. Swiss Canton Bank Launching Crypto Services Local Swiss government-owned...
US Banks Get Crypto Custody Nod, but Instant Demand Surge Is Unlikely
30.7.2020
Announcement by U.S. OCC to fuel business opportunities for crypto exchanges, custodians and traditionals banks
Bitcoin Suisse Completes a $48 Million Series A Financing Round
25.7.2020
Swiss crypto financial services provider, Bitcoin Suisse completes its first financing round of $ 48 million (CHF 45 million). The completed Series A financing round now has Bitcoin Suisse’s 2019 pro forma equity totaling around $108 million. The financing round includes 16.4% of shares...
Bitcoin Rallies 5% as US Regulator Greenlights Bank Crypto Custody
23.7.2020
Bitcoin price surged 5% to $9,664 less than 24-hours after the Office of the Comptroller of the Currency announced U.S. banks can provide crypto custody services
Don’t Expect Banks to Jump on the OCC Crypto Custody News
23.7.2020
The OCC's ruling means nationally chartered banks can now custody crypto. But, given relatively low level of institutional interest, don't count on services appearing soon
US Regulator Green-Lights Banks for Cryptocurrency Custody Services
23.7.2020
The Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related...
BitGo Now Supports Custody and Staking of Tezos’ XTZ
23.7.2020
The addition expands BitGo’s proof-of-stake offerings, first unveiled last October
US Banks Offering Crypto Custody is 'Insanely' Bullish and Risky
23.7.2020
Source: Adobe/Prostock-studio
While many in the Cryptoverse celebrate a decision by the US Office of the Comptroller of the Currency to allow all federally chartered banks in the US to provide cryptoasset custody services to their customers, it also brings an "existential" risk to Bitcoin...
Banks in US Can Now Offer Crypto Custody Services, Regulator Says
22.7.2020
U.S. regulators have cleared the way for national banks to provide cryptocurrency custody services on behalf of customers
US Banking Regulator Greenlights Crypto Custody at Federally Chartered Banks
22.7.2020
The office of the U.S. Treasury that handles banks has issued a determination on the long-debated subject of custodying crypto assets
Standard Chartered to Launch Institutional Crypto Custody Solution
20.7.2020
The head of Standard Chartered's venture arm said the crypto custody solution could launch into test phase sometime later this year
Fidelity Digital Assets to Custody Bitcoin in Kingdom Trust Retirement Accounts
14.7.2020
Kingdom Trust CEO Ryan Radloff hopes the partnership with Fidelity will nudge the investment giant closer to serving retail crypto investors
South Korean Giant to Begin Crypto Custody for Institutional Investors
2.7.2020
One of South Korea’s biggest commercial banks, NongHyup (NH Bank) said it is working on a cryptoasset custodial services platform for institutional investors.
Per ET News, the bank said that it wants to launch crypto “ecosystem” operations, and also spoke of its long-term plans which include...
Coinbase Ventures Joins $23M Funding Round for Crypto Custody Firm
1.7.2020
Curv, a company that provides increased secrecy when it comes to holding crypto assets, has closed a $23 million Series A funding round
Nomura-Backed Crypto Custody Venture Launches After 2 Years in the Works
19.6.2020
CoinShares, Nomura Bank, and crypto security firm Ledger have formally launched a digital asset custody business targeting institutional investors