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11 months, 2 weeks agoThree Arrows Capital Co-Founders Face $1.14 Billion Global Asset Freeze
In a significant development, a court in the British Virgin Islands has issued a worldwide asset freeze worth $1.14 billion on the co-founders of cryptocurrency hedge fund Three Arrows Capital (3AC). The freeze…
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11 months, 2 weeks agoFrench Regulators Grant Licenses to Coinbase and Circle for Crypto Operations
French regulatory authorities have granted approvals to foreign cryptocurrency firms as 2023 comes to a close. On December 21, licenses were awarded to crypto exchange Coinbase and stablecoin issuer Circle.…
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11 months, 2 weeks agoArgentina's New President Implements Sweeping Economic Deregulations, Including Acceptance of Bitcoin for Contracts
Argentina’s new President, Javier Milei, has wasted no time in implementing a libertarian economic agenda. In a bold move, he has issued over 350 economic deregulations aimed at removing barriers in various i…
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bob wrote a new post
11 months, 2 weeks agoArgentina's New President Implements Sweeping Economic Deregulations, Including Acceptance of Bitcoin for Contracts
Argentina’s new President, Javier Milei, has wasted no time in implementing a libertarian economic agenda. In a bold move, he has issued over 350 economic deregulations aimed at removing barriers in various i…
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bob wrote a new post
11 months, 2 weeks agoPotential Arbitrage Opportunities Arise from SEC's Concerns on Crypto ETFs
Arthur Hayes, the co-founder and former CEO of BitMEX, has highlighted potential arbitrage opportunities arising from the SEC’s concerns regarding crypto ETFs. Hayes explains that an ETF utilizing in-kind t…
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11 months, 2 weeks agoUAE Implements FATF Travel Rule to Combat Money Laundering in Crypto Transactions
The United Arab Emirates’ Financial Services Regulatory Authority (FSRA) has recently updated its Anti-Money Laundering (AML) and sanctions rules to include provisions for digital assets. This move aligns with t…
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11 months, 2 weeks agoCourt Orders Freeze on Assets of Three Arrows Capital Founders in Bankruptcy Case
A British Virgin Islands court has issued a freeze on assets belonging to the founders of Three Arrows Capital (3AC), a major crypto firm. The court order, which follows a similar move by the Singapore Court,…
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bob wrote a new post
11 months, 2 weeks agoCourt Orders Freeze on Assets of Three Arrows Capital Founders in Bankruptcy Case
A British Virgin Islands court has issued a freeze on assets belonging to the founders of Three Arrows Capital (3AC), a major crypto firm. The court order, which follows a similar move by the Singapore Court,…
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bob wrote a new post
11 months, 2 weeks agoSwitzerland and UK Sign Financial Services Agreement to Strengthen Cooperation
The Swiss Federal Councillor Karin Keller-Sutter and the British Chancellor Jeremy Hunt have signed the “Berne Financial Services Agreement” to bring the two financial centers closer together. The agreement aim…
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11 months, 2 weeks agoFounders of Crypto Hedge Fund 3AC Have $1 Billion in Assets Frozen
A court in the British Virgin Islands has frozen $1 billion in assets belonging to the founders of collapsed crypto hedge fund, Three Arrows Capital (3AC). The court order prohibits co-founders Su Zhu and Kyle…
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11 months, 2 weeks agoFinpact Receives License as Asset Manager for Digital Wealth Management for Clients Over 50
Finpact, a spin-off of the University of St. Gallen, has been granted a license as an asset manager by the financial regulator. The company specializes in digital wealth management for customers aged 50 and above,…
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11 months, 2 weeks agoRevolut to Suspend Crypto Services for UK Business Clients Amid New FCA Regulations
Revolut, a digital bank, has announced that it will suspend some of its cryptocurrency services for its business clients in the United Kingdom. This decision comes as the company prepares for stricter regulations…
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11 months, 2 weeks agoRussia Integrates Digital Ruble into Tax Code, Grants Authorities Powers Over CBDC Accounts
Russia has taken a significant step towards the implementation of its central bank digital currency (CBDC), the digital ruble, by integrating it into the nation’s tax code. President Vladimir Putin signed the new l…
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11 months, 2 weeks agoUAE Financial Watchdog Updates AML Rules to Include Digital Assets
The Financial Services Regulatory Authority (FSRA) in the United Arab Emirates has made updates to its Anti-Money Laundering and sanctions rules, specifically related to digital assets. The revisions, announced on…
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11 months, 2 weeks agoSurvey Reveals 40% of US Investors Considering Adding Bitcoin and Ripple's XRP to Their Portfolios
A recent survey conducted by crypto asset manager Grayscale reveals that 40% of American investors are considering adding digital assets to their investment portfolios in the future. This indicates a shifting trend…
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11 months, 2 weeks agoThree Arrows Capital Founders' Assets Frozen in $1 Billion Court Order
A British Virgin Islands court has issued a freezing order on approximately $1 billion worth of assets belonging to the founders of Three Arrows Capital (3AC), a cryptocurrency hedge fund that faced a significant…
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11 months, 2 weeks agoWorldcoin Discontinues Offline Orb Verification in India, Brazil, and France
Worldcoin, a cryptocurrency company, has reportedly disabled its offline orb verification function in India, Brazil, and France. The company had introduced the Orb, a five-pound chromatic helmet that scans…
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11 months, 2 weeks agoMoody's Downgrades Credit Rating of Julius Bär Bank Due to High Risk Appetite and Concentration
The powerful rating agency Moody’s has downgraded the credit rating for Bank Julius Bär following the Signa debacle. The reasons cited for the downgrade are the group’s high risk appetite and risk conc…
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11 months, 2 weeks agoFormer Credit Suisse President Joins Warburg Pincus in Bid for Altice's Portuguese Telecom Business
Nach seinem Rücktritt von der Credit Suisse bleibt der ehemalige Präsident António Horta-Osório in der Welt der Hochfinanz aktiv. Er hat sich mit der US-Investmentbank Warburg Pincus zusammengetan, um ein Gebot von…
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11 months, 2 weeks agoUK and Switzerland to Strengthen Financial Services Ties with Post-Brexit Agreement
The United Kingdom and Switzerland are set to establish a new post-Brexit agreement on financial services. The agreement, titled “Mutual Recognition Agreement for Conformity Assessments,” aims to strengthen and bri…
