The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions in the country, allowing Nigerian banks and financial institutions to resume operations with cryptocurrency service providers. The initial ban, imposed in February 2021, was due to concerns over money laundering and terrorism financing risks associated with crypto assets.Under the new guidelines, financial […]
Sergio Ermotti, the former CEO of UBS, has returned to the Swiss banking giant to oversee its acquisition of struggling rival Credit Suisse. The merger, aimed at preventing a global banking crisis, is a high-stakes undertaking with potential risks such as IT system migrations and cultural differences. However, banking analysts and investors are optimistic about […]
2024 is set to be a crucial year for the takeover of Credit Suisse by UBS, as the two banks merge operations across more than 50 countries. UBS CEO Sergio Ermotti highlighted the migration of IT systems as the biggest risk to the merger. To mitigate this risk, UBS plans to move the majority of […]
The Swiss National Bank (SNB) has announced that it will be launching a pilot project called Helvetia Phase III, which will involve the use of central bank digital currency (CBDC) on the SIX Digital Exchange (SDX) platform. This marks a significant step forward in the SNB’s exploration of digital currencies, as it will be the […]
Stablecoin issuer Circle has announced that it has received conditional registration under France’s cryptocurrency laws. This marks a significant regulatory stride for the company as it aims to comply with the EU’s Markets in Crypto-Assets (MiCA) regime. Circle’s Chief Strategy Officer and Head of Global Policy, Dante Disparte, highlighted France’s clear rules for responsible innovation […]
The leading stablecoin issuer Paxos has received regulatory approval to expand its products to the Solana blockchain, which it plans to launch on Jan. 17, 2024. This expansion is a significant step for Paxos, as it competes with other stablecoin issuers like Circle and Tether for market share.Paxos prides itself on being the most regulated […]
Paxos, a blockchain and tokenization infrastructure platform, is expanding its stablecoin issuance to the Solana blockchain, marking its first expansion beyond Ethereum. Solana was chosen for its fast transaction rates and lower fees, making it an attractive network for US dollar stablecoins and payments.Paxos will be bringing its USDP coin, which is pegged to the […]
Stablecoin issuer Paxos has received approval from the New York Department of Financial Services (DFS) to expand its operations to the Solana blockchain. This move comes after a thorough review process by the DFS, focusing on Solana’s risk framework. Previously, Paxos was only able to issue its Pax Dollar stablecoin on the Ethereum network.The Pax […]
Robey Warshaw, a boutique investment banking firm known for its expertise in advising FTSE 100 companies on major deals, has increased the pay for its top dealmakers. According to recently filed accounts on Companies House, the firm paid its four key partners a total of £28 million in the year ending March 2023, up from […]
Robey Warshaw, the investment banking boutique known for its expertise in advising FTSE 100 firms on major deals, has increased the pay for its top dealmakers. According to recently filed accounts on Companies House, the boutique paid its four key partners a total of £28m in the year ending March 2023, up from £26.5m in […]
