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 […]
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 Swiss major bank has acquired several advisory teams from Wall Street competitors in the US this year. Now, it is bringing in a veteran from the largest US bank. The US market is one of the most important growth markets for the Swiss bank UBS, as recently stated by CEO Sergio Ermotti. The financial […]
Two experienced executives from Credit Suisse have joined an American asset manager, Spectrum Asset Management. Isabel Faragalli has been appointed as the Managing Director of Investments, responsible for collaborating with and servicing existing European investors of Spectrum, as well as investors in Latin America and the Middle East. Ivo Mathias Buschor, on the other hand, […]
The National Audit Office (NAO) has expressed concerns about the effectiveness of the Financial Conduct Authority (FCA) in regulating the cryptocurrency industry in the United Kingdom. According to a recent report titled ‘Financial services regulation: adapting to change,’ the NAO has criticized the FCA for being slow to respond and take action against illicit activities […]
The National Audit Office (NAO) has expressed concerns about the effectiveness of the Financial Conduct Authority (FCA) in regulating the cryptocurrency industry in the United Kingdom. According to a recent report titled ‘Financial services regulation: adapting to change,’ the NAO has criticized the FCA for being slow to respond and take action against illicit activities […]
Tether, the stablecoin issuer, has announced a new policy aimed at strengthening security within its ecosystem. The company has initiated a voluntary wallet-freezing policy, allowing it to freeze activity connected with individuals and companies on the United States Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List. This move is seen as a […]
Tether, the stablecoin issuer, has announced a new policy aimed at strengthening security within its ecosystem. The company has initiated a voluntary wallet-freezing policy, allowing it to freeze activity connected with individuals and companies on the United States Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List. This move is seen as a […]
