eToro has been approved by the Cyprus Securities and Exchange Commission (CySEC) to operate as a Crypto Asset Service Provider (CASP). This registration will allow eToro to offer crypto services across the European Union once the EU’s Markets in Crypto-Assets (MiCA) regulation goes into effect in late 2024. MiCA is an effort to harmonize crypto […]
Bybit, a Dubai-headquartered cryptocurrency exchange, has announced the suspension of services to the United Kingdom in response to pending rules from the country’s Financial Conduct Authority (FCA). Starting October 1, Bybit will no longer allow new account applications, followed by the suspension of new deposits, new contracts and changes to positions for existing users on […]
Cryptocurrency-friendly brokerage firm eToro is expanding its crypto services worldwide by securing new regulatory approval in Europe. eToro has received the Crypto Asset Service Provider (CASP) registration from the Cyprus Securities and Exchange Commission (CySEC), which will authorize it to offer regulated crypto services to all countries in the European Union from one single entity […]
Nexo, one of the best cryptocurrency apps for beginners, has achieved the Cloud Security Alliance’s Security, Trust & Assurance Registry (STAR) Level 1 Certification, strengthening its commitment to cloud infrastructure security. This certification was obtained after a successful SOC 2 Type 2 audit and ISO 27001 standardization, and emphasizes Nexo’s dedication to client data security […]
The European Union has made significant progress in regulating crypto by approving its Markets in Crypto Assets (MiCA) framework. However, according to Rupert Schaefer, Executive Director of Strategy, Policy and Control at BaFin, the need for global regulation still remains. Schaefer compared regulators to air traffic control and “some crypto assets and decentralized finance projects” […]
Currynomics Labs, a fintech start-up, has successfully closed its €400,000 investment round, ensuring that Redcurry, a real estate-backed digital currency, will become globally available in 2024. Redcurry is designed to provide stability and reliability in today’s ever-changing financial landscape, while also growing in value. Notable investors, including Pasi Pohjala (FinBAN), Aleksander Denisoff, Asse Sauga, Dejan […]
Deutsche Bank, a major financial institution, has partnered with Taurus, a leading technology provider specializing in tokenization and crypto custody. This collaboration will enable Deutsche Bank to offer bespoke escrow and tokenization services. Taurus’ technology is capable of securely storing and managing a variety of cryptocurrencies, as well as facilitating the digitization and tokenization of […]
This week is set to be an important one for September, with several major developments taking place. From inflation numbers to interest rates, here are three things to watch out for. Today, the United States Securities and Exchange Commission and Binance will have an important hearing regarding a case between the two. The SEC has […]
The U.S. is lagging behind Europe in the digital asset space, with the latter introducing its first Bitcoin exchange-traded fund (ETF) and setting up the Markets in Crypto Assets (MiCA) framework. This summer, the SEC delayed its decision on a spot Bitcoin ETF approval, while the U.S. also experienced a crackdown on crypto exchanges and […]
The largest bank in Germany, Deutsche Bank, is making a deeper foray into the crypto industry. This week, the bank signed a partnership agreement with Geneva-based crypto infrastructure provider Taurus to offer customers secure crypto custody and tokenization of assets. This follows an investment in the Swiss startup in February and the subsequent application for […]
