Russian President Vladimir Putin has made a bold prediction about the future of Western banking dominance and the rise of Bitcoin. Speaking at the VTB Investment Forum in Moscow, Putin stated that the era of Western technologies is coming to an end and that Bitcoin will play a role in reshaping international finance in the […]
Swiss asset management boutique Arvy has received approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate as a wealth manager. The founding team, who previously worked for a multi-family office, announced the news in an email. Arvy has also launched its flagship financial product, the Equity Strategy Fund. The company’s founders, Florian Jauch, […]
Google is set to update its advertising policy in January 2024 to allow the promotion of Cryptocurrency Coin Trusts on its platform. This change will come into effect on January 29, 2024, and will apply globally. Cryptocurrency Coin Trusts are financial products that enable investors to trade shares in trusts holding digital currency pools.Google’s policy […]
The investment arm of UK-based pension fund M&G has invested $20 million in Global Futures & Options Holdings (GFO-X), the country’s first regulated Bitcoin derivatives exchange. This investment is part of a $30 million Series B funding round for GFO-X, which aims to become a Financial Conduct Authority (FCA) regulated and centrally-cleared trading platform for […]
Swift, BNY Mellon, and Deutsche Bank are collaborating on a project to improve commercial efficiency by digitizing freight invoices using blockchain technology. The initiative aims to reduce fraud and costs associated with paper-based invoices. As part of this effort, BNY Mellon and Deutsche Bank recently participated in a trial led by Swift, focusing on the […]
German development bank KfW is set to introduce a tokenized bond by 2024, following the successful issuance of a €20 million digital bond. This milestone was achieved through the use of Deutsche Börse’s Clearstream platform, which utilizes a centralized data storage system on its D7 platform.The upcoming tokenized bond falls under the German regulation on […]
The Swiss bank Pictet has reached a settlement with the United States, agreeing to pay $123 million to resolve a long-standing tax dispute. This comes after years of legal battles between Swiss banks and the US over allegations of aiding American clients in evading taxes. Pictet’s agreement takes into account the bank’s efforts to review […]
The Financial Services Commission (FSC) in South Korea has announced new regulations for investors in digital assets. By July 2024, investors must receive interest when depositing funds into an exchange. However, nonfungible tokens (NFTs) and central bank digital currencies (CBDCs) are exempt from this requirement.The FSC plans to release legislative guidance on this matter, with […]
El Salvador has introduced the “Adopting El Salvador Freedom Visa Program,” a citizenship-by-investment scheme aimed at attracting the crypto community. Under this program, individuals can obtain residency and potential citizenship in El Salvador by investing at least $1 million in either Bitcoin or Tether. The initiative is part of President Nayib Bukele’s plan to make […]
Liquidium, a startup in the lending sector of Bitcoin, has successfully raised $1.25 million in pre-seed funding. This funding round is a significant milestone for the company as it aims to pioneer a new lending framework using Bitcoin’s ordinal technology.The funding round received support from prominent investors such as Bitcoin Frontier Fund, Side Door Ventures, […]
