Commerzbank, a German bank, has received a crypto custody license from local regulators, making it the first “full-service” bank in Germany to obtain such a license under the German Banking Act. This license allows Commerzbank to offer custody services for crypto assets and expand its digital asset services. The bank’s chief operating officer, Dr. Jörg […]
The Delaware authorities have launched an investigation into a false filing for a BlackRock XRP ETF. The filing, which appeared on the Delaware Department of State Division of Corporations website, claimed that BlackRock had filed for an XRP Exchange-Traded Fund. However, BlackRock quickly denied the allegations, stating that it had only filed for a Spot […]
In a compelling address at the Singapore FinTech Festival, IMF Managing Director Kristalina Georgieva urged nations to prepare for the eventual deployment of central bank digital currencies (CBDCs). She expressed optimism despite acknowledging that widespread adoption of CBDCs is still on the horizon, with approximately 60% of countries currently exploring these digital currencies in some […]
In a surprising turn of events, the cryptocurrency market experienced a significant price fluctuation for XRP due to a fake filing that suggested the registration of an XRP ETF by BlackRock, the world’s largest fund manager. However, Bloomberg’s senior ETF analysts have debunked these claims, confirming that the registration was false. The incident has been […]
During her opening speech at the Singapore FinTech Festival, IMF Managing Director Kristalina Georgieva emphasized the need for the public sector to be prepared for the deployment of central bank digital currencies (CBDCs) and related payment platforms in the future. Georgieva expressed optimism about the global implementation of CBDCs, stating that about 60 percent of […]
Hong Kong-based institutional cryptocurrency asset custodian, Hex Trust, has obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This regulatory approval allows Hex Trust to offer virtual asset custodial services to institutional clients and investors in Dubai. The company had previously obtained a Minimal Viable Product (MVP) operational license […]
Cryptocurrency exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to promote institutional adoption of digital assets. The collaboration aims to address counterparty risks by enabling round-the-clock trading of segregated assets. CoinShares will execute trades on the OKX exchange, while Komainu will act as a third-party custodian to safeguard the collateral assets. […]
Hong Kong-based cryptocurrency asset custodian Hex Trust has received regulatory approval to offer virtual asset custodial services to institutional clients and investors in Dubai. The company, which already had a minimal viable product (MVP) operations license, has now obtained a full virtual asset service provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This […]
Crypto exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to facilitate round-the-clock trading of segregated assets, aiming to promote institutional adoption of digital assets. CoinShares will trade on the OKX exchange, while Komainu will hold the collateral assets as a third-party custody provider. This arrangement helps mitigate counterparty risks in trading […]
The Australian Taxation Office (ATO) has clarified that it will impose capital gains tax on wrapped tokens and token interactions with decentralized lending protocols. This clarification has come as a major setback to crypto holders in Australia. The ATO had previously outlined crypto capital gains as one of its key focus areas and had mentioned […]
