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Regulator Sues Crypto Exchange Kraken Provider in Australia


Australia’s securities regulator has initiated civil proceedings against Bit Trade Pty Ltd, an entity providing Kraken services to Australian users. According to the government agency, the company failed to comply with regulatory obligations meant to ensure proper consumer protection. Australian...

U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans


A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets legislation in Congress

Citigroup Unveils Citi Token Services for Cash Management and Trade Finance


Citigroup has announced the creation and piloting of Citi Token Services for cash management and trade finance. “Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash management and trade finance capabilities,”...

Deutsche Bank Teams Up With Swiss Crypto Firm to Offer Digital Asset Services


Deutsche Bank, the largest bank in Germany by total assets, is collaborating with Swiss digital asset firm Taurus to provide clients with crypto custody and tokenization services. “As the digital asset space is expected to encompass trillions of dollars of assets, it’s bound to be seen as one...

Genesis to stop offering crypto trading services


Genesis has announced that it will no longer offer crypto trading services. These include digital asset spot and derivative services. The development comes after it reached a credit agreement with DGC, or Digital Currency Group. The agreement allows 70% to 90% credit recovery. Genesis had to take...

Deutsche Bank Partners Taurus to Offer Crypto Custody Services


Taurus, a Swiss crypto infrastructure firm has announced a partnership with Deutsche Bank to set up cryptocurrency custody alongside tokenized services for its clients. According to a press release on Sept 14, the bank entered a global agreement with the firm to utilize its infrastructure...

SWIFT CBDC Interlinking Solution Enters Beta Testing


The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial payment services, has announced that its central bank digital currency (CBDC) connector has entered beta testing stages. SWIFT reported that three central banks are already testing this...

Virtual Currency Chief at NYSDFS Leaves to Pursue a Career in Private Sector


Peter Marton, the deputy superintendent of virtual currency at the New York State Department of Financial Services (NYSDFS), will be stepping down from his position at the end of this month.  According to an internal memo seen by FOX Business, Marton will be leaving his job on September 29...

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