Bitpanda gets UAE expansion in principle consent
Bitpanda has received in-principle approval from Dubai's VARA, which will facilitate its entry into the UAE's expanding crypto market and advance its global expansion strategy.
The…
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Banks ask SEC for crypto custody amid Bitcoin ETF surge
U.S. institutions desire that the SEC modify its regulations regarding cryptocurrencies so that they may manage Bitcoin ETFs.
Prominent American banking institutions are actively…
The World’s Biggest Bank Was Hacked and Causing It to Use a USB Stick for Trade Settlements
The New York branch of the Industrial & Commercial Bank of China (ICBC) was hacked, exposing sensitive information worth an estimated $5.74 trillion.
Bloomberg adds that as a result…
New Legislation in the United States Senate Would Treat DeFi Like a Bank
With a new measure that would impose rigorous anti-money-laundering (AML) standards on DeFi protocols, the U.S. Senate is ready to take another stab at regulating the crypto business.
…
Bank failures are increasing the popularity of self-custody firms
The failures of Signature Bank and Silicon Valley Bank provide an opportunity for self-custody firms to flourish.
The failures of Signature Bank and Silicon Valley Bank have left…
U.S. officials are pressuring banks to sever links with crypto businesses
The United States government purportedly discourages banks from providing services to the cryptocurrency business.
Several sources informed Cointelegraph that the United States…
Commerzbank files application for crypto custody licence
As the cryptocurrency sector expands throughout the globe and across industries, financial institutions are seeing a surge in customer demand for secure and regulated crypto-related…
Banks offering cryptocurrency services are expected to double in size by 2022
Due to the growing global use of cryptocurrencies, the number of banks providing crypto-related services continues to grow.
Indeed, according to a report released on January 29, 2022, by…
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