A trade war misstep? China is vacating crypto battlefield to US banks
Why is China forsaking cryptocurrencies at the same time that legacy U.S. banks, long wary of crypto, appear to be discovering its virtues? Go to Source Powered by WPeMatico
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State Street to launch crypto services for private funds clients
After leading Lukka’s Series C funding round in late 2020, State Street partners with the firm to offer new digital asset services. Go to Source Powered by WPeMatico
Anchorage Digital will custody crypto seized by US Marshals
Co-founders Diogo Mónica and Nathan McCauley cited the Anchorage’s “stringent processes and procedures” as likely factors in the decision from the federal agency. Go to Source Powered by WPeMatico
Digital currency may be an answer to help the unbanked, Sen. Warren says
Democratic Senator Elizabeth Warren appeared to have softened her stance on the crypto industry in recent remarks. Go to Source Powered by WPeMatico
Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges
Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. Crypto Exchanges in Kazakhstan to Be Offered Banking Services Kazakh banks will be permitted … Read more
Kazakhstan to reportedly allow banks to process crypto purchases
A new project in Kazakhstan aims to enable local crypto businesses to provide crypto investment services legally. Go to Source Powered by WPeMatico
Irish Banks Hail EU’s ‘Radical’ Anti-Money Laundering Push
Banks in Ireland have welcomed an upcoming reform of the European Union’s anti-money laundering regulations that will affect the crypto space. The Irish banking industry organization voiced support for the changes aimed at disrupting illicit transactions at the union level while calling them “radical.” New AML Body to Weed Out Suspicious Transactions in the EU, … Read more
DeFi industry draws in commercial banks? Siam bets with $110M fund
Thailand’s oldest bank sees blockchain and DeFi as the future of global finance and is seeking to invest in the emerging digital landscape. Go to Source Powered by WPeMatico
Reserve Bank of India mulls first steps toward an eventual CBDC
RBI is looking for ways to test a CBDC while causing little to no disruption for the bank’s status quo. Go to Source Powered by WPeMatico
BNY Mellon joins State Street to service new crypto exchange
Traditional financial institutions like State Street and BNY Mellon continue to get involved in the fast evolving cryptocurrency space. Go to Source Powered by WPeMatico