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Swiss crypto bank Sygnum has raised nearly $60 million in a strategic growth round as it plans further regional expansion. Digital asset Swiss bank Sygnum has raised $58 million in its Strategic Growth Round, pushing its value to over $1…
ZA Bank, a digital neobank offering crypto trading, is reportedly considering physical branches in Hong Kong following new HKMA rules. Hong Kong‘s digital banks are exploring the possibility of opening physical branches as the local regulator introduced new rules allowing…
Bullish Group, a leader in digital asset trading infrastructure, announced that its German subsidiary, Bullish DE Custody GmbH, has obtained essential licenses from Germany’s Federal Financial Supervisory Authority The approvals, granted on Dec. 20, cover crypto asset custody, proprietary trading,…
The action reflects growing regulatory scrutiny of cryptocurrency transactions in Portugal. Fiat transactions to cryptocurrency platforms have been suspended by Investimentos Globais, one of Portugal’s top banks. In a tweet published by José Maria Macedo, co-founder of Delphi Labs, BiG,…
Singapore’s OCBC Bank has launched a blockchain-based solution enabling corporate clients to invest in fractionalized tokenized bonds, marking a shift in corporate treasury management. The bank’s accredited investors, defined as entities with over S$10 million ($7.3 million) in assets, can…
The Bank of Russia has approved a new rule that will allow banks to block operations with digital rubles for days if they appear to be linked to fraud. The Bank of Russia has introduced new rules requiring banks to…
Merchant adoption of crypto payments has the potential to significantly uplift the welfare of these underbanked economies.
Crypto.com has partnered with Deutsche Bank to provide corporate banking services in Singapore, Australia, and Hong Kong. The agreement marks a significant step for Crypto.com, strengthening its banking infrastructure in the Asia-Pacific region and laying the groundwork for potential expansions…
Hong Kong-based ZA Bank has become the first digital neobank in the region to give retail customers access to crypto. ZA Bank, Hong Kong‘s largest digital bank, has introduced crypto trading for retail customers, allowing users to trade Bitcoin (BTC)…
Custodia Bank, a crypto-friendly Wyoming bank, said it plans to scale back its services as it prepares for policy reforms in the space. Custodia Bank, a bank founded by Bitcoin advocate Caitlin Long, is scaling back its operations as it…
With a focus on crypto’s long-term upside, Sygnum Bank finds institutional investors prioritizing exposure to web3 assets amid global economic uncertainty. High-net-worth investors are showing growing confidence in crypto’s long-term potential, driven by portfolio diversification needs and macroeconomic hedging. According…
Former executives from two major investment firms, Pimco and Millennium, have teamed up to launch a digital asset consultancy, x2B. The firm aims to provide guidance on token launches, fundraising, and related matters. According to a Bloomberg report on Nov.…
Crypto.com is adding banking, credit cards, and stock trading services to its offerings over the next year. Crypto.com announced this significant expansion today, all under its new Level Up rewards program. The Singapore-based platform aims to become a one-stop shop…
Seven financial lenders in South Korea have been authorized to participate in a pilot program testing CBDC-based digital financial services. South Korea‘s Financial Services Commission has authorized seven domestic banks to participate in a pilot program testing digital financial services…
JPMorgan is rolling out instant dollar-euro FX settlement on its Kinexys blockchain, with sterling set to follow pending regulatory clearance. Banking giant JPMorgan Chase & Co. is set to bring foreign exchange settlements for dollar-euro transactions on its blockchain platform…
Federal law enforcements were able to recover $8.3 million investors lost in a crypto embezzlement case involving the CEO of a Kansas bank. According to an Associated Press report, the Federal Bureau of Investigation managed to recover the lost funds…
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