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Exclusive: Can Onchain Custodian Fill Fidelity's Gap in Crypto Custody?

Exclusive interview with Alexandre Kech: Part 2 While wall street giant Fidelity tapped into the crypto custodial space, can Onchain Custodian survive under the fierce competition? Alexandre Kech, CEO of Onchain Custodian, believes that they can fill Fidelity’s gap in the crypto custodial market! He also explains how the surging demand in BTC futures and … Continue reading Exclusive: Can Onchain Custodian Fill Fidelity's Gap in Crypto Custody?

New York State Trust License – Fidelity’s Step Towards Mass Crypto Adoption?

Fidelity’s cryptocurrency investment arm, Fidelity Digital Assets (FDAS) has filed for a trust license in the state of New York according to several sources. An approved application with the New York Department of Financial Services (NYFDS) will mean that FDAS will be able to offer custodial services for digital assets in the state of New … Continue reading New York State Trust License – Fidelity’s Step Towards Mass Crypto Adoption?

Blockchain Delivers a Glimpse of Future Innovation Today

The media is always keen to report on the latest developments around blockchain and digital currencies and pull in colossal numbers of readers hungry to explore the details behind the headlines. Many commentators are switching on to the reality that, despite the fluctuating price of some coins and utility tokens, the underlying blockchain technology continues … Continue reading Blockchain Delivers a Glimpse of Future Innovation Today

Brazil Central Bank Moves to Follow IMF Crypto Classification Guidelines

The Central Bank of Brazil has adopted the classification of cryptocurrencies being sold or purchased under the International Monetary Fund (IMF) guidelines.      According to the announcement from the Brazil Central Bank, IMF guidelines will now be followed. Cryptocurrencies will be classified as non-financial products and will be classified as goods on its balance sheet.      The external sector … Continue reading Brazil Central Bank Moves to Follow IMF Crypto Classification Guidelines

Switzerland’s New Stablecoin Guidelines: 3 Things You Should Know

The Swiss Financial Market Supervisory Authority (FINMA) issuednew guidelines for stablecoins added as a supplement to its existing guidelines for initial coin offerings (ICOs) to outline how stablecoins are treated under the Swiss supervisory law.      FINMA announced on Wednesday that stablecoins are classified under the existing approach of blockchain-based tokens. The regulatory framework for stablecoins may differ depending on their underlying assets that they are … Continue reading Switzerland’s New Stablecoin Guidelines: 3 Things You Should Know

Crypto Exchange OKEx Delists Five Privacy Coins due to FATF Rules

Cryptocurrency exchange OKEx’s Korean arm will be delisting all five privacy altcoins including Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN), and Super Bitcoin (SBTC).  Announced by OKEx Korea on Monday, due to new international regulations, the support for transactions for the five altcoins will be ending on October 10, while withdrawal services will continue until … Continue reading Crypto Exchange OKEx Delists Five Privacy Coins due to FATF Rules

Thailand Finance Ministry Eyes Blockchain Technology to Revamp Service Delivery

Uttama Savanayana, Thailand’s Finance Minister, has stipulated that his ministry intends to use blockchain technology in upgrading the system infrastructure. The decision comes from the knowledge that blockchain technology will ensure optimal service delivery to the nation’s citizens.  Uttama views blockchain as part of the technological innovations that will maximize efficiency and productivity in the … Continue reading Thailand Finance Ministry Eyes Blockchain Technology to Revamp Service Delivery

Fidelity Digital Assets Custody Ready for Bitcoin Derivatives Yield Fund

Wave Financial, based in Los Angeles, launched the Wave BTC Income & Growth Digital Fund, racing to become the first crypto derivatives-based yield fund in the market.    Benjamin Tsai, managing partner of Wave Financial, mentioned that Fidelity Digital Assets is now available to provide custody for their fund after several months of due diligence.   … Continue reading Fidelity Digital Assets Custody Ready for Bitcoin Derivatives Yield Fund

Fidelity Launches Cryptocurrency Custody Business

This article is contributed by our content partner, Nexchange NOW. Watch out Coinbase, Fido has you in its sights. In a rare interview with Fidelity Investments CEO Abigaile Johnson, the Financial Times revealed that the Boston-based asset management giant is “now engaged in a full rollout” of its cryptocurrency custody and trading service. The service, … Continue reading Fidelity Launches Cryptocurrency Custody Business

UK Tax Authority Updates Its Guidelines for Crypto Taxation

Her Majesty’s Revenue and Customs (HMRC), the tax and payments customs authority for the United Kingdom, has updated its guidelines for crypto taxation as they pertain to both individuals and businesses.   The guideline updates were published on Nov. 1, further clarifying HMRC’s stance on how cryptocurrency will be taxed in the UK. It relates to companies planning … Continue reading UK Tax Authority Updates Its Guidelines for Crypto Taxation

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