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Swiss regulator forces crypto-friendly FlowBank into bankruptcy
14.6.2024
The Swiss-based bank had ties to the TrueUSD stablecoin issuer, Techteryx, crypto asset manager CoinShares and reportedly Binance
P2P.org partners with OKX to provide institutional staking services
13.6.2024
The staking services company and validator reported that it reached $7.5 billion in total value locked in April
UBS Recommends Buying Gold Dips Amid Economic Uncertainty
12.6.2024
The UBS editorial team, comprising financial analysts and economists at UBS, a prominent global financial services firm, recommends purchasing gold during price dips rather than selling. Recently, gold prices fell by over $80 per ounce due to strong U.S. payroll and earnings data, coupled with...
HSBC China Introduces Digital Yuan Services for Corporate Clients
11.6.2024
HSBC Bank (China) Ltd. announced on Friday the launch of digital yuan (e-CNY) services for corporate clients, becoming one of the first international banks to provide these services to both corporate and retail customers. The e-CNY, or digital yuan, is China’s central bank digital currency...
Public blockchains too ‘fragile’ for tokenization: Professor tells Congress
6.6.2024
Allen argued that public blockchains “can’t process large volumes of transactions” — though on-chain data suggests otherwise
SEC Commissioner Advocates for Withdrawal of SAB 121 — Says Biden’s Veto Was Unfortunate
5.6.2024
U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda advocates for the withdrawal of Staff Accounting Bulletin 121 (SAB 121), which sets guidelines for accounting crypto liabilities. He argues that the method of its issuance undermines the foundational checks and balances designed...
UAE central bank approves licensing system for stablecoins
5.6.2024
KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of AED-backed payment tokens
Dubai Financial Services Authority Updates Regulatory Framework for Crypto Tokens
4.6.2024
The Dubai Financial Services Authority (DFSA) announced amendments to its crypto token regime on Monday, enhancing the regulatory environment for crypto tokens in the Dubai International Financial Centre (DIFC), a special economic zone. The amendments address investment in recognized...
Bitcoin Firm Unchained Partners With University of Texas to Launch $5 Million Bitcoin Endowment Fund
1.6.2024
The financial services firm Unchained and the University of Texas have partnered to launch a long-term endowment fund in bitcoin (BTC). Joseph Kelly, CEO and co-founder of Unchained, set the ball rolling with a personal donation of two bitcoins. The bitcoin financial services firm also intends...
EU watchdog urges banks to prioritize clients in AI usage
31.5.2024
The EU's top financial regulator, ESMA, mandates that banks and investment firms ensure AI tools prioritize client interests, reinforcing accountability under MiFID
NYDFS Issues New Crypto Firm Guidance for Consumer Complaints
30.5.2024
New York’s top financial regulator has issued new guidance which requires cryptocurrency service providers to collect relevant data to assess whether they are resolving customer service requests and complaints in a timely and fair manner, it announced Thursday
Marketnode Secures Series A Funding Led by Financial Services Giant HSBC
30.5.2024
On Thursday, Singapore’s Marketnode, a digital market infrastructure operator, secured funding for its Series A financing round led by HSBC, the British multinational universal bank and financial services group. The exact amount raised during the Series A funding was not disclosed. HSBC Joins...
Swiss University Introduces 16-Day Bitcoin Course; Critics Question Exorbitant Fee
28.5.2024
The Zurich University of Applied Sciences has said it will kickstart a 16-day Bitcoin economy training course in March 2025. The short course aims to help students understand how bitcoin influences the financial system. Understanding Bitcoin’s Impact on the Financial System The Zurich...
Okx Ceases Crypto Trading Services in Hong Kong — Users Advised to Withdraw Assets
25.5.2024
Cryptocurrency exchange Okx has decided to withdraw its virtual asset service provider (VASP) license application in Hong Kong. As a result, Okx will stop offering centralized virtual asset trading services to Hong Kong residents by May 31, 2024. The exchange stressed that customer funds remain...
P2P Bitcoin Exchange Hodl Hodl Suspends Lending Services for US and UN Embargoed Countries’ Residents
25.5.2024
Hodl Hodl, a non-custodial Bitcoin exchange, has announced changes to its “Terms of Service” agreement affecting the availability of its lending services. The platform is now excluding residents of the U.S. as well as U.N. embargoed countries from its lending platform, citing...
OKX Withdraws VASP License Application in Hong Kong
24.5.2024
OKX announced on Friday that it has withdrawn its Virtual Asset Service Provider (VASP) license application in Hong Kong and will cease to provide trading services to residents.
The post OKX Withdraws VASP License Application in Hong Kong appeared first on Cryptonews
Hong Kong SFC considers allowing Ether staking for ETF issuers
23.5.2024
SFC reportedly held discussions with the country's crypto ETF issuers about providing staking services via licensed platforms
Japanese E-commerce Giant Mercari Launches Ethereum Trading
23.5.2024
The Japanese e-commerce giant Mercari has taken another step into the crypto sphere by launching Ethereum (ETH) trading services on its app.
The post Japanese E-commerce Giant Mercari Launches Ethereum Trading appeared first on Cryptonews
U.S. House Set to Vote for First Standalone Crypto Market Structure Bill
22.5.2024
The U.S. House of Representatives is poised to vote in favor of a crypto market structure bill as a standalone piece of legislation for the first time
Binance.US wins appeal to reinstate Florida money services license
22.5.2024
Just because you can do something doesn’t mean you should, a state appeal court told the Florida Office of Financial Regulation