Commerzbank, a German bank, has been granted a license to handle cryptocurrency by local regulators. This license, issued under the German Banking Act, makes Commerzbank the first “full-service” German bank to receive such authorization. With this license, the bank will be able to offer digital asset services and custody of cryptocurrency assets. Commerzbank sees this […]
Singapore’s Monetary Authority, MAS, has launched new asset tokenization pilots as part of its efforts to enhance the country’s financial landscape. This move is seen as a significant step towards embracing digital assets and blockchain technology. The pilots aim to explore the potential of tokenizing various assets, such as real estate and private equity, and […]
BlackRock, a prominent asset manager in the crypto industry, has expressed concerns about stablecoins, specifically Tether (USDT) and Circle’s USDC, and their potential impact on its proposed iShares Bitcoin spot Exchange-Traded Fund (ETF). Stablecoins, which are designed to maintain a stable value by pegging it to a specific asset or currency, have become important players […]
Investors who were pursuing legal action against Robinhood over trading restrictions imposed in early 2021 have faced another setback. The United States District Court for the Southern District of Florida rejected their request for class certification. Chief Judge Cecilia Altonaga stated that the plaintiffs failed to convince the court that issues of individualized reliance would […]
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 […]
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 […]
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 […]
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 […]
