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Indian Government Working on How GST Tax Could Be Applied to Crypto
22.9.2022
India’s ministry of finance is reportedly working on how the goods and services tax (GST) could apply to crypto transactions. “A better understanding of how cryptocurrencies fit into our legal system is the prerequisite for the decision on the GST rate,” a source told local...
Binance receives green light for crypto services in Dubai
21.9.2022
The new MVP License is a transition from a provisional license received under a new regulatory framework earlier this year
Societe Generale launches custodial services for crypto fund managers
21.9.2022
The firm is also in the process of testing a digital euro together with the European Central Bank
Societe Generale Introduces Services for Asset Managers Developing Crypto Funds
21.9.2022
Societe Generale is offering new services for asset managers that want to offer crypto funds to their clients
Nasdaq reportedly prepares for crypto custody services for institutions
20.9.2022
The firm reportedly created a new group focusing on digital assets and onboarded Ira Auerbach, who previously worked at Gemini, to lead the unit
Nasdaq Starts Crypto Custody Service for Institutional Clients
20.9.2022
Nasdaq Inc, the second-largest stock exchange in America, will release a cryptocurrency custody service as it aims to cash in on institutional crypto investors, according to a Bloomberg report
Payments platform Fuse integrates ChromePay to bring DID services to Africa
20.9.2022
The African continent has emerged as a hotbed for crypto and blockchain activity, with countries like Nigeria and Ethiopia leading the way
Binance Secures License in Dubai to Offer More Crypto Services
20.9.2022
With the new approval, the crypto exchange can operate a trading platform and offer a range of services including digital asset custody and payments in Dubai
Crypto Market Maker Wintermute Hacked for $160M, OTC Services Unaffected
20.9.2022
Cryptocurrency market maker and liquidity provider Wintermute has lost $160 million in a hack relating to its DeFi business, according to a tweet from the company's founder and CEO
Joseph Lubin’s Infura Plans to Create an Amazon Web Services for Ethereum Nodes
19.9.2022
In response to the most complex upgrade to occur to Ethereum up to now, infrastructure provider Infura is developing a decentralized version of its service that provides scalable Ethereum infrastructure and Web3 developer application programing interfaces (APIs). The company is controlled by Joseph...
UK Regulator Warns Crypto Exchange FTX Is Providing Services Without Authorization
18.9.2022
Britain’s top financial regulator, the Financial Conduct Authority (FCA), has issued a warning about cryptocurrency exchange FTX operating in the U.K. without authorization. “Almost all firms and individuals offering, promoting or selling financial services or products in the U.K....
HSBC’s CEO Explains Why Crypto Is Not in the Banking Giant’s Future
16.9.2022
Banking giant HSBC will not be offering crypto services, according to CEO Noel Quinn. Noting that HSBC is more negative on crypto than other banks, the executive stressed: “I do worry about the sustainability of the valuations of crypto.” HSBC Will Not Get Into Crypto, CEO Says...
Thailand Bans 'Depository Services', Chinese Court Says Investors Can Trade Crypto, Coinbase-BR Partnership + More News
15.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Thailand Bans 'Depository Services', Chinese Court Says Investors Can Trade Crypto, Coinbase-BR Partnership + More News
Report: Financial Services Giant Old Mutual Appointed Manager of South African Stablecoin Project’s Cash Reserves
15.9.2022
One of South Africa’s largest financial services groups, Old Mutual, has reportedly been appointed manager of the ZARP stablecoin project’s cash reserves. Founders of the stablecoin are hopeful that the appointment of one of the country’s oldest financial services companies...
Bitgo Files Lawsuit Against Novogratz’s Galaxy Digital for $100M Over ‘Intentional Breach’ of a Merger Agreement
14.9.2022
According to statements made by the digital asset custody business and financial services provider Bitgo, the firm has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $100 million. Bitgo says Galaxy’s “improper repudiation and intentional...
Ethereum's Biggest Mining Pool to Stop Offering Services for the Network
14.9.2022
Ethermine will stop its Ethereum mining service once the Merge happens, expected sometime on Sept. 15
Abu Dhabi Global Market Financial Regulator Unveils Virtual Asset Regulation ‘Guiding Principles’
14.9.2022
Abu Dhabi Global Market’s financial regulator, the Financial Services Regulatory Authority (FSRA), recently unveiled six principles that will guide its “approach to virtual asset regulation and supervision.” Though not legally binding, the principles, according to the FSRA...
Dubai Luxury Hotel Palazzo Versace Allows Guests to Pay in Crypto
13.9.2022
Guests staying at Palazzo Versace Dubai have, since September 7, had an option to settle payment for services rendered via cryptocurrency. The hotel also plans to add the crypto payment option to its e-commerce platforms to enable guests to pay for gift vouchers using digital currencies....
Uruguay Introduces Cryptocurrency Law in Parliament
13.9.2022
A new cryptocurrency bill project was introduced by the executive power to the Parliament of Uruguay. The bill seeks to clarify how crypto assets will be regulated in the country, giving the Central Bank of Uruguay competence over cryptocurrency assets, modifying its organic charter,...
Crypto Services Firm Abra "In Process" of Forming US Bank
12.9.2022
Abra expects its banking platform to launch in 2023