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11 months agoLGT Completes Acquisition of Abrdn's Discretionary Fund Management Business, Expanding Regional Presence
LGT, a wealth management company, has successfully acquired Abrdn’s discretionary fund management business in the UK and Jersey. The deal, valued at £140m, was announced in February and has now been finalized. As…
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11 months agoSEC Admits to Inaccurate Statements in Fraud Case Against Crypto Firm Debt BOX
The U.S. Securities and Exchange Commission (SEC) has admitted to making inaccurate statements in an ongoing case against cryptocurrency firm Debt BOX. The SEC alleges that Debt BOX defrauded investors of almost…
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11 months agoHong Kong Embraces Crypto ETFs, Setting High Standards for Digital Asset Innovation
Hong Kong has announced that it is ready to accept applications for spot crypto exchange-traded funds (ETFs), marking a significant shift in the crypto landscape. The move is part of Hong Kong’s efforts to p…
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11 months agoHong Kong Regulators Issue New Rules Allowing Crypto ETFs for Investment Funds and Asset Managers
The Securities and Futures Commission (SFC) of Hong Kong and the Hong Kong Monetary Authority (HKMA) have issued new rules allowing investment funds, brokerages, and asset managers to offer Crypto ETFs. These…
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11 months agoPaxos Receives Regulatory Approval to Expand USDP Stablecoin to Solana Blockchain
Paxos, a major player in the stablecoin market, has received regulatory approval from the New York Department of Financial Services (DFS) to expand its stablecoin offerings to the Solana blockchain. This is a…
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11 months agoSEC Chairman Faces Backlash from Crypto Industry Over Lack of Regulations
SEC Chairman Gary Gensler is facing backlash from the crypto industry over the lack of regulations provided by the United States Securities and Exchange Commission (SEC). In a recent interview, Gensler discussed…
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11 months agoBarnbridge DAO Settles with SEC for $1.7M Over Unregistered Crypto Bonds
The Barnbridge DAO has reached a settlement with the Securities and Exchange Commission (SEC) over the sale of unregistered crypto bonds. The settlement, which amounts to $1.7 million, includes a cease and desist…
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11 months agoBarnBridge DAO Settles SEC Charges for $1.7M Over Unregistered SMART Yield Bonds
BarnBridge DAO and its founders, Tyler Ward and Troy Murray, have agreed to pay over $1.7 million to settle charges brought by the Securities and Exchange Commission (SEC). The charges stem from the failure to…
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11 months agoCircle Secures Conditional DASP License in France, Expands European Footprint
Circle, a leading global financial technology company, has obtained registration as a Digital Asset Service Provider (DASP) in France. This move is part of Circle’s strategy to expand its presence in the European U…
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11 months agoLedger's Security Breach Exposes Smart Contracts to Vulnerabilities
In response to a recent security breach in Ledger’s code library, the hardware wallet provider has taken swift action to mitigate potential losses and strengthen security measures. The breach exposed popular i…
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11 months agoUBS CEO Urged to Learn from CS Crisis and Embrace a Holistic Approach
The leadership of UBS is facing increasing scrutiny and pressure following the forced takeover of Credit Suisse. This has led to a divisive mentality of “us versus them,” as noted by Samuel Gerber. Sergio Erm…
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11 months agoTerraform Labs and SEC Reach Confidentiality Agreement in Cryptocurrency Legal Battle
Terraform Labs and the United States Securities and Exchange Commission (SEC) have reached an agreement on a protective order in their ongoing civil case. The order, finalized by U.S. District Court Judge Jed…
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11 months agoHong Kong Regulators Embrace Spot Crypto ETFs, Encouraging Market Growth
Hong Kong’s Securities and Futures Commission (SFC) and the Monetary Authority (HKMA) have announced that they are ready to accept applications for spot crypto exchange-traded funds (ETFs). In a circular released o…
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11 months agoRipple CEO Accuses SEC Chairman of Hypocrisy in Cryptocurrency Regulation
In a recent development, Ripple CEO Bradley Kent Garlinghouse has publicly criticized Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC), accusing him of hypocrisy in his…
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11 months agoHong Kong Regulators Open to Applications for Spot Crypto ETFs
Hong Kong regulators have announced that they are open to considering applications for spot crypto exchange-traded funds (ETFs). The Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA)…
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11 months agoSwiss Banks Concerned About Russian Ties and Money Laundering Risks
Swiss banks are facing concerns over their vulnerability to criticism and potential legal action due to their dealings with Russian clients. The US Department of Justice (DoJ) is currently investigating whether UBS…
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11 months agoBank of China Executes First Precious Metal Trade Using Digital Yuan
The Bank of China’s Shanghai division has successfully completed its first transaction involving precious metals using China’s official central bank digital currency (CBDC), the digital yuan. The transaction, wor…
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11 months agoSwiss Crypto Bank Sygnum Forms Strategic Partnership with Lugano-based Aquila GVM Consulting
Lugano has emerged as one of Switzerland’s most important crypto and blockchain hubs. Two Swiss financial institutions have now formed a strategic partnership there. Recently, Lugano, the largest city in the c…
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11 months agoDeutsche Bank Discovers Thousands of Unresolved Complaints at Postbank
Deutschland’s largest credit institution has discovered thousands of forgotten and unresolved complaints at its subsidiary, Postbank. This backlog of customer complaints has emerged months after the German bank p…
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11 months agoJulius Bär Faces Rating Downgrade Due to Benko Loans: CFO Under Scrutiny
Julius Bär, a Swiss private bank, has experienced a downgrade in its rating due to hundreds of millions of loans to Benko. This downgrade directly impacts the bank’s profitability as it will have to pay more for bo…
