Circle, the US company behind the USDC stablecoin, has expanded its operations into the European market by registering as a digital asset service provider (DASP) in France. To begin its operations in France, Circle needs to obtain approval as a payment services provider (PSP) or register as an agent of a PSP. The company has […]
Circle, the US company behind the USDC stablecoin, has expanded its operations into the European market by registering as a digital asset service provider (DASP) in France. To begin its operations in France, Circle needs to obtain approval as a payment services provider (PSP) or register as an agent of a PSP. The company has […]
Coinbase, the US-based cryptocurrency exchange, has received regulatory approval from the French regulator Autorité des Marchés Financiers (AMF) to offer its crypto exchange services and products in France. This approval, known as the Virtual Assets Service Provider (VASP) registration, allows Coinbase to provide digital asset custody and trading services to both retail and institutional customers […]
French regulatory authorities have granted approvals to foreign cryptocurrency firms as 2023 comes to a close. On December 21, licenses were awarded to crypto exchange Coinbase and stablecoin issuer Circle. Coinbase has obtained the Virtual Assets Service Provider (VASP) authorization from France’s financial regulator, allowing the company to custody digital assets and offer crypto trading […]
The Swiss Federal Councillor Karin Keller-Sutter and the British Chancellor Jeremy Hunt have signed the “Berne Financial Services Agreement” to bring the two financial centers closer together. The agreement aims to strengthen competitiveness and promote close cooperation between Switzerland and Great Britain in the areas of banking, securities services, insurance, asset management, and financial market […]
Finpact, a spin-off of the University of St. Gallen, has been granted a license as an asset manager by the financial regulator. The company specializes in digital wealth management for customers aged 50 and above, catering to capital payouts, inheritances, and savings. The license from the Swiss Financial Market Supervisory Authority (Finma) is seen as […]
Revolut, a digital bank, has announced that it will suspend some of its cryptocurrency services for its business clients in the United Kingdom. This decision comes as the company prepares for stricter regulations from the Financial Conduct Authority (FCA).Starting from January 3, 2024, Revolut will pause the ability of its UK customers to buy cryptocurrency […]
Russia has taken a significant step towards the implementation of its central bank digital currency (CBDC), the digital ruble, by integrating it into the nation’s tax code. President Vladimir Putin signed the new legislation into law, which aims to regulate the use and taxation of the upcoming CBDC. The tax code includes a definition of […]
The powerful rating agency Moody’s has downgraded the credit rating for Bank Julius Bär following the Signa debacle. The reasons cited for the downgrade are the group’s high risk appetite and risk concentration.Moody’s, the American rating agency, has lowered the credit rating for Julius Bär. The private bank’s credit rating has been downgraded to “A3” […]
Nach seinem Rücktritt von der Credit Suisse bleibt der ehemalige Präsident António Horta-Osório in der Welt der Hochfinanz aktiv. Er hat sich mit der US-Investmentbank Warburg Pincus zusammengetan, um ein Gebot von mehr als 6 Milliarden Euro für die portugiesischen Telekommunikationsaktivitäten von Altice abzugeben. Horta-Osório war zuvor bei der britischen Bankengruppe Lloyds Banking tätig und […]
