UBS has formed a new unit called the Executive Client Group, which consists of nine top bankers from the merged bank. Led by Ros L’Esperance, the team will manage key corporate clients globally and directly negotiate with company heads. This elite unit will report to Rob Karofsky, the head of UBS investment banking, who is […]
Geneva-based private bank Bordier & Cie has partnered with crypto lender Sygnum to offer digital asset services in Singapore. Through this collaboration, Bordier will be able to utilize Sygnum’s institutional-grade custody, risk management, and off-balance sheet digital assets. This move demonstrates Bordier’s commitment to innovation and meeting the demand for alternative investments in digital assets.Sygnum, […]
Sygnum, the world’s first digital asset bank, has obtained regulatory approval from the Monetary Authority of Singapore (MAS) to launch its regulated Digital Payment Token (DPT) brokerage service in Singapore. With headquarters in Zurich and Singapore, Sygnum manages approximately USD4 billion in total assets and serves over 1,700 clients in more than 60 countries. The […]
Russia has officially integrated its central bank digital currency (CBDC), the digital ruble, into the nation’s tax code. This move signifies a significant step in Russia’s adoption of digital currencies, as President Vladimir Putin signed it into law.The International Monetary Fund (IMF) has raised concerns about high inflation rates worldwide, urging central banks to maintain […]
The People’s Bank of China (PBoC) has released its latest financial stability report, addressing the regulation of cryptocurrencies and decentralized finance (DeFi). In the report, the PBoC emphasizes the need for global cooperation in establishing rules for the crypto industry.The report highlights that the cryptocurrency market represents only 1% of the global financial system and […]
Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), has announced that it is ready to receive applications for spot crypto exchange-traded funds (ETFs). In collaboration with the Hong Kong Monetary Authority, the SFC has reviewed its policy for intermediaries involved in virtual asset-related activities.The SFC is now prepared to accept applications for the […]
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 exchange-traded funds track the prices of cryptocurrencies and provide a regulated avenue for investors to access the crypto industry.Investing in a crypto ETF […]
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 position itself as a leading hub for digital asset innovation and regulation.The Securities and Futures Commission (SFC) and the Hong Kong […]
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 exchange-traded funds (ETFs) track the prices of cryptocurrencies and provide a regulated avenue for investors to access the crypto market.Investing in a crypto […]
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 on December 22, the regulators stated that they have updated their policies to encourage the introduction of spot crypto ETFs in the market.This move […]
