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 […]
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 […]
In light of recent events, it is crucial for Switzerland to maintain its neutrality more than ever. The country cannot afford to align itself with a sinking ship like the US, which is burdened with massive debt and unable to finance further wars. The decision by Bundesrätin Viola Amherd to sign the purchase agreement for […]
In light of recent events, it is crucial for Switzerland to maintain its neutrality more than ever. The country cannot afford to align itself with a sinking ship like the US, which is burdened with massive debt and unable to finance further wars. The decision by Bundesrätin Viola Amherd to sign the purchase agreement for […]
LayerZero, a blockchain interoperability protocol, has announced plans to launch its native token in the first half of 2024. The protocol, known for its innovative technology, will reward users through an airdrop, generating renewed interest in its ecosystem projects. The registration for the token’s distribution is now open until December 15th, with the distribution amount […]
LayerZero, a blockchain interoperability protocol, has announced plans to launch its native token in the first half of 2024. The protocol, known for its innovative technology, will reward users through an airdrop, generating renewed interest in its ecosystem projects. The registration for the token’s distribution is now open until December 15th, with the distribution amount […]
