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10 months, 3 weeks agoCrypto Tycoon Do Kwon's Custody Extended in Montenegro Amid Extradition Battle
Terraform Labs co-founder Do Kwon’s custody in Montenegro has reportedly been extended by two months, according to a spokesperson for the High Court. Kwon, along with Terraform Labs CFO Han Chang-joon, was a…
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10 months, 3 weeks agoCFTC Chair Urges Congress to Legitimize Cryptocurrency Industry
CFTC Chair Rostin Behnam has expressed his belief that the majority of cryptocurrencies should be classified as commodities under current laws. In a recent statement, Behnam emphasized the importance of…
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10 months, 3 weeks agoSwiss Digital Exchange Tokenizes Private Shares on Regulated Blockchain
The Swiss digital exchange SIX Digital Exchange has tokenized private shares of Aktionariat AG on its regulated blockchain-based central depository. According to a statement released on Tuesday, the Bern Cantonal…
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10 months, 3 weeks agoIRS Seeks $24 Billion from Defunct FTX Crypto Exchange, Impacting Payouts to Victims
The ongoing bankruptcy case of FTX, a defunct crypto exchange, has taken a complex turn with the Internal Revenue Service (IRS) seeking around $24 billion from the exchange. This amount has been reduced from the…
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10 months, 3 weeks agoDaiwa Securities and Progmat Collaborate to Revolutionize Bond Issuance with Blockchain Technology
Daiwa Securities has partnered with Progmat to develop a solution for issuing tokenized bonds, marking a significant step in modernizing the bond market. The collaboration involves the use of R3’s Corda b…
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10 months, 3 weeks agoBlockchain.com Adds Support for XRP, Boosting Adoption of the Token
The XRP community has received positive news as one of the leading crypto storage platforms, Blockchain.com, has added support for the token. This follows a recent ruling by Judge Analisa Torres, which provided…
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10 months, 3 weeks agoEl Salvador's Bitcoin Bonds Approved for Launch as Visa Program Attracts $153 Million
El Salvador’s Bitcoin bonds have received regulatory approval and are set to launch in the first quarter of 2024, according to the country’s National Bitcoin Office. The bonds, known as the Volcano Bond, are see…
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10 months, 3 weeks agoJulius Bär's Stock Market Performance Affected by Signa-Related Worries
Julius Bär, a Swiss private bank, is experiencing a decline in its stock value, which is causing concern among investors. The bank’s involvement in risky loans, particularly a CHF 606 million loan to a European co…
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10 months, 3 weeks agoUS Senators Rally to Crack Down on Illicit Use of Crypto with New Bill
The US authorities have proposed a bipartisan Digital Asset Anti-Money Laundering Act in response to the growing threat posed by the crypto industry to financial stability. The Act has gained support from a…
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10 months, 3 weeks agoGerman Insurance Companies Exposed to Billions in Debt from Signa Group
A German insurance group, Signal Iduna, is reported to have almost 1 billion euros in outstanding loans to the troubled Signa Group, an investment firm owned by René Benko. Other insurers, including Ergo, R+V,…
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10 months, 3 weeks agoEnjinstarter's AYA Platform Granted Conditional Crypto License by Dubai's VARA
Dubai’s Virtual Assets Regulatory Authority (VARA) has granted a conditional license to Enjinstarter’s AYA platform for offering crypto asset and investment services. The license is subject to certain con…
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10 months, 3 weeks agoSigna Financial Services: Key Player in Benko's Empire Faces Turmoil
A major shakeup occurred at Signa Financial Services as their operational chief was removed from his position amidst allegations of serious misconduct. This small but influential firm, consisting of a handful of…
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10 months, 3 weeks agoFisch Asset Management Appoints Second Leader for Convertible Bonds Team
Fisch Asset Management, a Zurich-based wealth management firm, has appointed Ivan Nikolov as the second leader of its convertible bond team. Starting in early 2024, Nikolov will co-lead the team alongside Thomas…
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10 months, 3 weeks agoTalent Drain at Credit Suisse as Competitors Attract Experienced Private Bankers
Experienced private bankers at Credit Suisse in Switzerland are still leaving for rival banks, despite UBS’s introduction of retention bonuses averaging CHF 100,000. The integration of the two banks last August p…
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10 months, 3 weeks agoCrypto Anti-Money Laundering Bill by Senator Elizabeth Warren Sparks Controversy and Concerns
Senator Elizabeth Warren’s proposed crypto Anti-Money Laundering bill has sparked controversy within the crypto industry. However, critics have pointed out that Warren’s bills have a history of not gaining tra…
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10 months, 3 weeks agoEl Salvador's Bitcoin Bonds Set to Launch in Early 2024
El Salvador has received regulatory approval for its long-awaited Bitcoin bonds, also known as “Volcano Bonds.” The bonds are expected to launch in early 2024, according to the National Bitcoin Office of El Sal…
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10 months, 3 weeks agoSouth Korea's Financial Services Commission Implements Interest Payments on Crypto Deposits to Enhance Investor Protection and Transparency
The Financial Services Commission (FSC) in South Korea has announced new regulations aimed at bolstering investor protection and promoting transparency in the cryptocurrency market. Under the revised regulations,…
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10 months, 3 weeks agoTether Freezes Crypto Wallets Linked to Sanctioned Individuals and Entities
Tether, the largest issuer of stablecoin USDT, has implemented a new policy to freeze crypto wallets associated with individuals and entities sanctioned by the US Treasury’s Office of Foreign Asset Control (…
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10 months, 3 weeks agoBinance to Discontinue Russian Ruble Trading Pairs as Part of Exit Strategy
Binance, the world’s largest cryptocurrency exchange, has announced that it will no longer support trading pairs involving the Russian Ruble (RUB) on its platform starting from January 31, 2024. This decision is p…
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10 months, 3 weeks agoSouth Korea Implements New Investor Protection Laws to Enhance Crypto Security
The Korean Financial Services Commission has introduced new investor protection laws to enhance the security of cryptocurrencies in South Korea. As part of these regulations, Korean Virtual Asset Service Providers…
