The Swiss private bank Julius Bär is under investigation by the Swiss Financial Market Supervisory Authority (FINMA) for inadequate risk control structures that contributed to the bank’s involvement with bankrupt real estate mogul René Benko. The investigation was triggered by concerns that the business and control functions at Julius Bär were not sufficiently separated. The […]
Coinbase, the US-based cryptocurrency exchange, has received regulatory approval from the French regulator Autorité des Marchés Financiers (AMF) to offer its crypto exchange services and products in France. This approval, known as the Virtual Assets Service Provider (VASP) registration, allows Coinbase to provide digital asset custody and trading services to both retail and institutional customers […]
A Swiss banker has pleaded guilty in the United States to hiding over $60 million in secret accounts from tax authorities through opaque channels.The Swiss banker admitted to conspiring to defraud the United States by participating in a system that helped wealthy US taxpayers hide their income and assets in offshore accounts.According to court documents, […]
Mastercard has announced its support for Fideum Group’s vision to merge cryptocurrency with traditional finance. Fideum aims to leverage Mastercard’s global network to expedite the integration of digital assets into the financial industry.This collaboration between Mastercard and Fideum signifies a significant step towards bridging the gap between the crypto world and traditional financial systems. By […]
Argentina has authorized the use of Bitcoin for contracts, signaling a potential shift towards accepting it as a legal currency. This move reflects the growing trend in Latin America of turning to cryptocurrencies as an alternative to devalued local currencies.The decision by the Argentine government to allow Bitcoin contracts is seen as a significant step […]
Coinbase, one of the largest cryptocurrency exchanges, has obtained virtual asset service provider (VASP) status in France, allowing it to expand its operations in Europe. The company has registered with France’s Autorité des marchés financiers (AMF) and can now offer retail and institutional services, including crypto custody, crypto-to-crypto trading, and buying and selling crypto for […]
The concept of using the Internet as a marketplace faced initial challenges in implementation. As the Internet became more accessible, the demand for secure online transactions grew. However, convincing users about the importance of privacy and anonymity online proved to be difficult, which limited the adoption of ecash. Despite this, ecash aimed to solve the […]
Circle, the US company behind the USDC stablecoin, has expanded its operations into the European market by registering as a digital asset service provider (DASP) in France. To begin its operations in France, Circle needs to obtain approval as a payment services provider (PSP) or register as an agent of a PSP. The company has […]
The US Securities and Exchange Commission (SEC) is reportedly holding a joint conference call with applicants for a spot Bitcoin exchange-traded fund (ETF). According to reports from Fox Business correspondents, the SEC is urging applicants to commit to a cash creation model as important deadlines approach.This move by the SEC comes as the agency continues […]
Circle, the US company behind the USDC stablecoin, has expanded its operations into the European market by registering as a digital asset service provider (DASP) in France. To begin its operations in France, Circle needs to obtain approval as a payment services provider (PSP) or register as an agent of a PSP. The company has […]
