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Why Nasdaq Backing Out of Custody Is Bad, Bad News for Crypto
20.7.2023
If a financial giant can’t navigate the red tape, who can?
Not All Crypto Custody Is Created Equal: Crypto Long & Short
19.7.2023
FTX, Celsius and BlockFi gave the industry a fresh perspective on custodial fundamentals
New exchange EDX reportedly switching out Paxos' custody services for Anchorage's
27.6.2023
The new exchange does not custody customer funds itself to avoid conflict of interest – and a hot-button issue with the SEC
Bybit to provide crypto exchange and custody services in Cyprus
27.6.2023
Bybit recently announced it was gaining a license in Cyprus. The license allows the platform to run its crypto exchange in the region. As the third-most visited exchange, Cyprus is also delighted to offer its custody services in Cyprus. The achievement shows Bybit’s commitment to offering the best...
Deutsche Bank Applies for License to Offer Crypto Custody Service
20.6.2023
Deutsche Bank, the largest bank in Germany, is seeking regulatory approval to offer custody services for digital assets, including cryptocurrencies. A Deutsche Bank executive explained that the digital asset move is part of the giant lender’s broader strategy to boost fee income. Deutsche...
Bitcoin Payments Firm Strike Moves Custody In-House After Ditching Third-Party Services
9.6.2023
The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers
SEC Blasted on Custody Proposal by JPMorgan, Crypto Firms and a Fellow Agency
9.5.2023
The U.S. Securities and Exchange Commission (SEC) went too far when it proposed a new rule demanding investment firms safeguard all of their clients’ assets – including crypto – with approved custodians, according to an array of critics not often in alignment. The proposal drew loud objections from...
Estate and Legacy Planning for Crypto Assets
4.5.2023
Legacy and estate planning is crucial for cryptocurrency holders because, unlike traditional assets, cryptocurrencies are not regulated by centralized authorities, making it difficult for heirs to access them after the owner's death. Proper planning can ensure that digital assets are successfully...
Onramp Launches First Spot Bitcoin Trust With Multi-Party Custody
14.4.2023
The company, based in Austin, Texas, says the new offering is the first bitcoin trust that takes advantage of Bitcoin’s multi-signature capability
Crypto Custodian Copper to Provide Off-Exchange Settlement to OKX Customers
3.4.2023
Institutional clients will be able to trade on the OKX exchange while their digital assets remain safeguarded with Copper
German Stock Exchange Boerse Stuttgart to Provide Crypto Custody Through Licensed Subsidiary
2.4.2023
Blocknox, a subsidiary of one of Europe’s largest stock exchanges, Boerse Stuttgart, has been licensed to operate as a crypto custodian in Germany. The authorization will allow the company to offer custody services for digital assets to institutional investors across the Old Continent. Boerse...
A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking
27.3.2023
Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08...
Nasdaq Aims to Launch Crypto Custody Services in Second Quarter
26.3.2023
Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector which saw the collapse of some major...
Nasdaq to launch crypto custody services by end of Q2: Report
24.3.2023
The service will reportedly be the exchange operator's first major venture into the crypto industry
Crypto Custody Firm Copper Shelves Enterprise Business: Source
16.3.2023
Focusing on Copper’s Clear Loop custody and settlement business made more economic sense going forward
Germany’s DZ Bank to Offer Crypto Custody With Swiss Firm Metaco
25.2.2023
The second-largest bank in Germany, DZ Bank, is preparing to become a provider of custody services for crypto assets. The offering will be facilitated by a partnership with Metaco, a Swiss company that specializes in helping financial institutions to operate in the digital asset space. DZ Bank...
US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities
28.1.2023
The United States Federal Reserve Board said on Jan. 27 that both insured and uninsured banks will be subjected to limits on certain activities including those that are associated with crypto assets. The board’s latest action does not preclude a state member bank or prospective applicant from...
Thailand Issues New Regulations on Custodied Cryptocurrencies
19.1.2023
The Securities and Exchange Commission (SEC) of Thailand has issued new regulations on custodied cryptocurrencies. Companies offering crypto custody services are now required to “establish a digital wallet management system to accommodate efficient custody of digital assets and keys...
Bernstein Says Custody Services Are the Foundation for Institutional Crypto Adoption
17.1.2023
Airtm Winds Down Cryptocurrency Trading, Exchanges All Funds to Native Stablecoin
9.1.2023
Airtm, a Latam popular cryptocurrency exchange and wallet, has announced it is winding down cryptocurrency trading and custody in its platform. The company stated that starting Jan. 4, 2023, all cryptocurrency deposits and withdrawals would be paused due to the changes in the service offer of...